Tue.May 07, 2024

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10 fallacies accountants should not buy into

Mark Lee

Not all accountants believe all of these fallacies. 1 – “Accountants are all the same” – Not true. Every accountant is unique (just like all the others!). Some of the compliance work that accountants do is the same. 9 – “Clients will always supply tax return information at the last minute” – Only if you let them.

Account 52
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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

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Inherited Retirement Account Owners Granted Distribution Relief Through Latest IRS Postponement

Withum

The Internal Revenue Service (IRS) again postponed Required Minimum Distribution (RMD) rules for certain taxpayers owning inherited retirement accounts. Prior to 2020, beneficiaries of inherited retirement accounts were generally able to withdraw the balance of these accounts over their lifetime.

Account 78
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Hancock Askew Merges in Willeford Group in Georgia

CPA Practice

said on May 6 that fellow Georgians, Willeford Group, a Roswell-based CPA practice that specializes in providing accounting and tax services to clients in the dental industry, has merged with the top 200 accounting firm. Ira Rosenbloom, CEO of Optimum Strategies, provided strategic advisory services to both firms.

Georgia 52
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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

You've worked diligently and have built a glowing reputation grounded in your excellent skills in tax, accounting, and auditing. You're known as the “go-to” person when a client is faced with tax and financial decisions. You have a very successful firm -- but that’s not enough.

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Robert Minkler, Jr. Named a Top 200 CPA by Forbes Magazine

Anders CPA

CPA/CGMA , Managing Partner at Anders CPAs + Advisors, has been named a Top 200 CPA by Forbes in recognition of his years of service to his clients. His logical, technology-driven approach to leading prepares the firm for new opportunities and challenges, while still prioritizing a commitment to focused client service.

CPA 52
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Capital vs revenue expenditure in the context of properties

Menzies

Menzies LLP - A leading chartered accountancy firm. The distinction between capital and revenue expenditure for tax purposes can be difficult to make. As always, if you are unsure then we recommend that you consult a tax advisor. Why this is relevant to UK tax?

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

Owners of Public Accounting firms are always telling their clients to work on their business and not in their business, yet many times do not take their own advice. It is possible to run an Accounting Firm and never do tax returns or financial statements! A 4-part Sales Presentation and Client Servicing model.