RogerRossmeisl

JULY 20, 2021

The post IRS 2021 “Dirty Dozen” – Pandemic-Related Scams appeared first on Roger Rossmeisl, CPA.

CPA 246

CPA Tax cpa firm 246

RogerRossmeisl

JANUARY 15, 2021

A 1/13/2021 U.S. Treasury Department Press Release reported that the SBA is re-opening the Paycheck Protection Program (PPP) loan portal: to small lenders on 1/15/2021, and to all lenders on 1/19/2021. Background On 12/27/2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law.

payroll 176

payroll CPA cpa firm business tax 176

Going Concern

JANUARY 6, 2023

I’m an immigrant and I moved to the UK in 2021. based IPA 100 firm Withum (FY22 net revenue of $425.3 based IPA 200 firm O’Connor & Drew (FY21 net revenue of $22.1 CLA Acquires Ohio-Based CPA Firm Gilmore Jasion Mahler [ CPA Practice Advisor ]. million) is merging in Braintree, Mass.-based

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

CPA Practice

FEBRUARY 27, 2023

Soucia and his attorney respond that Garigen is making false accusations against Soucia, who owns 60% of the firm, in a bid to take over the company that has grown since the pair bought out the founding partners in 2021. Garigen also raises concerns about Soucia’s personal and workplace conduct.

cpa firm 52

cpa firm CPA Non-Profits cpas 52

RitaKeller

OCTOBER 25, 2021

The PCPS CPA Firm Top Issues Survey gathers insights from practitioners in firms of all sizes to understand the significant issues facing firms across the country. . “Everybody gets so much information all day long that they lose their common sense.” ” – Gertrude Stein.

cpa firm 59

cpa firm CPA Tax Technology 59

KROST

NOVEMBER 24, 2021

KROST recognized our new CPA licensees at the CalCPA LA Chapter ABC Networking event on November 18th at the Luxe Hotel on Sunset in Hollywood. Congratulations to: Shelby Anna Brennan, CPA. Hoang Lan N Ho, CPA. Kimberly May Hoang, CPA. Cara Wang, CPA. Learn more about our Tax Services »­.

CPA 52

CPA cpa firm California Education 52

Going Concern

AUGUST 11, 2022

That’s a whole extra 100 firms this year from the Top 400 they usually do. Here are your top 25 firms for 2022. We’ve included 2021 INSIDE Public Accounting Top 400 rankings in parenthesis for comparison: Deloitte (1). Cherry Bekaert (not top 25 in 2021). Thank you, INSIDE PA, thank you. Grant Thornton (7).

public accounting 80

public accounting cpa firm Delaware CPA 80

CapataCPA

MARCH 18, 2021

Individual Tax Deadline Extended to May 17, 2021 The Internal Revenue Service (IRS) and Treasury Department announced today the 2020 tax year federal income tax filing due date for individuals has been automatically extended from April 15, 2021 to May 17, 2021.

Tax 98

Tax income tax cpa firm CPA 98

RogerRossmeisl

JANUARY 9, 2021

In response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic, IRS Notice 2021-07 provides temporary relief for employers and employees using the automobile lease valuation rule to determine the value of an employee’s personal use of an employer provided automobile for purposes of income inclusion, employment tax, and reporting.

CPA 232

CPA Tax cpa firm business tax 232

TaxConnex

DECEMBER 21, 2021

Hiring is on the minds of many executives as we end 2021. And it’s especially hard to find professionals who know taxes: Finding qualified staff is an enduring, front-burner concern that continues to challenge even CPA firms this year. Teams are leaner than ever as existing employees quit, and new ones are harder to find.

Sales 175

Sales Tax cpa firm CPA 175

KROST

OCTOBER 4, 2021

Pasadena, CA – INSIDE Public Accounting (IPA) named KROST CPAs & Consultants Top 100 Firm, Top 100 Fastest-Growing Organic Growth Firm, Top 100 Fastest-Growing All Growth, and best of the best in 2021. The firm placed 81 st on the prestigious top 100 list, a substantial leap from 116th in 2020.

public accounting 52

public accounting Account accountant accounted 52

RogerRossmeisl

JANUARY 11, 2021

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the permission of “second draw loans” under the Paycheck Protection Program (PPP) recently authorized by the Consolidated Appropriations Act, 2021 (CAA 2021).

payroll 187

payroll CPA cpa firm business tax 187

Going Concern

JANUARY 8, 2024

S&P has placed 149 long-term, underlying and program ratings on a negative credit watch this year because the ratings company hasn’t received 2021 financial statements from the issuers. That’s the most since at least 2018, and materially higher than the prior five-year average of 95 such moves, according to S&P data.

Wyoming 111

Wyoming audit Government Montana 111

CPA Practice

OCTOBER 4, 2023

The Bonadio Group, a top 50 accounting firm based in Pittsford, NY, is merging in a top 400 CPA firm—Dallas-based Howard LLP. Pike started working at Howard in 2004 and has served as the firm’s CEO since 2021. The deal is expected to close on Nov. Pike will succeed Jeff Wexler as Dallas regional managing partner.

Texas 52

Texas cpa firm CPA New York 52

RogerRossmeisl

NOVEMBER 2, 2021

CAA 2021 Changes Within the Consolidated Appropriations Act of 2021 (signed into law on 12/27/20) was the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA 2020). TCDTRA 2020 extended the WOTC to cover qualified first-year wages paid to eligible new hires who begin work by 12/31/25.

Tax 238

Tax CPA cpa firm business tax 238

CPA Practice

JUNE 15, 2023

Weirich’s impact extends beyond the classroom, as he has co-authored several influential textbooks, including the widely used Accounting & Auditing Research: Tools and Strategies (10th Edition — 2021). This text has been adopted by numerous universities, CPA firms, and corporations for staff training purposes.

Education 98

Education Account accountant accounted 98

RogerRossmeisl

DECEMBER 26, 2021

As posted to the Munro Live YouTube Channel on 11/24/2021 (Run Time 46 min, 32 sec) Regarding the accelerating move to EVs, legendary automotive engineer Sandy Munro believes that OEMs are experiencing Scotoma, aka Paradigm Paralysis. GM promised 20 new EVs by 2023, yet they brought zero to the recent 2021 LA Auto Show.

CPA 211

CPA cpa firm Technology 211

Going Concern

FEBRUARY 9, 2024

However, the professional services firm refused, after claiming the report contained privileged and confidential information. ” Mr Mishra was employed with NBN Co from 2016 to 2021 in a Mumbai-based centre as a senior manager. million class settlement with workers who say the accounting firm mismanaged their $1.2

Technology 75

Technology Colorado audit cpa firm 75

CPA Practice

MAY 9, 2023

You may have heard that job openings in the United States dropped significantly in February, falling below 10 million for the first time since May 2021. But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent.

Account 115

Account accountant accounted cpa firm 115

RogerRossmeisl

NOVEMBER 28, 2021

For calendar-year taxpayers, that is March 15, 2022. Logistics of PTE Tax Payments / K-1 Recipient Credits Prior to.

Tax 206

Tax CPA California cpa firm 206

RogerRossmeisl

JANUARY 12, 2021

In a Treasury Department Press Release dated 1/8/2021, the Treasury Department and Small Business Administration (SBA) have announced that the Paycheck Protection Program (PPP) will reopen the week of January 11. All participating lenders will be able to participate in the PPP shortly thereafter.

CPA 131

CPA cpa firm business tax Tax 131

CPA Practice

JUNE 26, 2023

Allan Koltin, CEO of Koltin Consulting Group, told CPA Practice Advisor that the move “shows BDO to be a forward-thinking firm and progressive in thought.” “The Like most top 25 CPA firms in the country, they listened to a handful of PE firms that reached out but concluded it’s not for them.”

income tax 72

income tax tax return Delaware cpa firm 72

RogerRossmeisl

AUGUST 23, 2022

In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 According to IHS Markit, during the next five years unit auto sales will increase at a 4.7% compound annual growth rate and hit a new high at 98 million units in 2026.

CPA 235

CPA Sales cpa firm 235

Going Concern

SEPTEMBER 1, 2022

It wasn’t until 2015 that a woman became CEO of a Big 4 accounting firm for the first time. CPA firms are white. And check out this chart from the 2021 AICPA Trends report on accounting firm demographics: via 2021 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report.

cpas 94

cpas cma Real Estate accounting and finance 94

Going Concern

JANUARY 29, 2024

More on the New York non-CPA ownership bill. In the column he referenced this ancient document (August 1993) entitled “The case for non-CPA owners in CPA firms.” Do firms want non-CPAs to be part of the ownership ranks, or is this strictly a rhetorical question? Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

RogerRossmeisl

JANUARY 10, 2021

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the recent extension and expansion of the Paycheck Protection Program (PPP) as authorized by the Consolidated Appropriations Act, 2021 (CAA 2021).

payroll 131

payroll CPA cpa firm business tax 131

RogerRossmeisl

FEBRUARY 21, 2022

In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. Recent and announced high profile departures include Twitter’s Jack Dorsey, Amazon’s Jeff Bezos and American Airlines’ Doug Parker.

CPA 236

CPA cpa firm 236

CPA Practice

MARCH 15, 2023

Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter. Is PE Right for All Firms?

accounting firms 132

accounting firms Account accountant accounted 132

CapataCPA

DECEMBER 21, 2021

The Logistics: Paying the SALT Workaround Tax We previously sent you information about the details of the SALT cap work around, or Pass-Through Entity (PTET) on November 8, 2021. The post Paying the SALT Workaround Tax appeared first on CPA firm in Orange County, CA | CAPATA.

Tax 52

Tax cpa firm CPA 52

RitaKeller

SEPTEMBER 23, 2021

“Great firms continually reinvent themselves.” – Marc Rosenberg. The 2021 Rosenberg Survey is NOW available! As we work with firms who are struggling with profitability, we start by looking at their various leverage ratios followed by comparing their billing rates to like-sized firms in like-sized markets.

cpa firm 72

cpa firm CPA accounting firms Account 72

CapataCPA

MARCH 16, 2021

Employee Retention Credit Webinar We are happy to announce we are going to be presenting a webinar on March 19, 2021 from 10-10:45 AM for the Employee Retention Credit (ERC). This credit will be available to businesses for their 2020 and 2021 tax returns.

cpa firm 52

cpa firm tax return CPA Tax 52

RogerRossmeisl

JULY 11, 2021

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. At that time, the ERTC applied to wages paid after March 12, 2020, and before January 1, 2021.

Tax 134

Tax CPA cpa firm business tax 134

Dent Moses

FEBRUARY 7, 2024

Let’s look at some statistics: There were 672,587 actively licensed CPAs as of September 1, 2023. 75% of current CPAs will retire in the next 15 years. 47,000 students earned a bachelor’s degree in accounting in the 2021-2022 school year, down 7.8% from the previous year.

CPA 52

CPA cpas cpa firm Education 52

RogerRossmeisl

AUGUST 5, 2021

From June 2020 through June 2021, the U.S. Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the number of businesses applying for an Employer Identification Number.

Start-ups 246

Start-ups tax return Tax CPA 246

RogerRossmeisl

AUGUST 15, 2021

On 7/16/2021, Governor Newsom signed into law AB-150, which provides a means by which certain pass-through entities (Qualified Entities) can make an election to pay California income tax (at the entity-level) on behalf of their owners, for which their consent must be given.

California 246

California income tax CPA Tax 246

CPA Practice

NOVEMBER 3, 2023

New York-based CPA firm Grassi announced on Thursday it has established an employee stock ownership plan (ESOP) for its more than 450 employees. In addition, the top 60 accounting firm said it is shifting to an alternative practice structure “ensuring the firm’s independence and strength.”

cpas 59

cpas New Jersey cpa firm New York 59

RogerRossmeisl

JANUARY 15, 2021

Under the Economic Aid Act (EAA) in the Consolidated Apportionment Act (CAA 2021), certain borrowers may request an increase under certain conditions: First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act, 1/13/2021 SBA Procedural Notice Control No.

CPA 166

CPA cpa firm business tax Tax 166