LSLCPAs

MAY 11, 2021

The Deadline for Businesses with > 50 Employees Is JUNE 30, 2021 In January of 2020, an LSL CPAs blog introduced you to the new CalSavers Mandatory 401K Plan. The post 2021 REMINDER for CalSavers Mandatory 401K Plans appeared first on LSL CPAs. The CalSavers program entitles all eligible (private.

cpas 52

cpas 52

LSLCPAs

MAY 11, 2021

The Deadline for Businesses with > 50 Employees Is JUNE 30, 2021 CalSavers Requirements 2021 for Mandatory 401K Plans In January of 2020, an LSL CPAs blog introduced you to the new CalSavers Mandatory 401K Plan. The post CalSavers Requirements 2021 REMINDER for Mandatory 401K Plans appeared first on LSL CPAs.

cpas 52

cpas 52

CPA Practice

AUGUST 16, 2023

The federal agency launched Operation Hidden Treasure in 2021, for example, to root out taxpayers who fail to report income from cryptocurrency transactions on their federal tax returns.

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Going Concern

JULY 1, 2022

Clever CPAs who get in on the ground will not only open themselves up to nearly unlimited billing potential (yay), they’ll be helping cannabis businesses navigate the as-yet murky waters of legit marijuana business. So how do CPAs get into this niche? percent THC (THC is the stuff that gets you high for the squares out there).

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CPA Practice

OCTOBER 5, 2023

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

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CPA Practice

MAY 2, 2023

Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. Despite a 9.10% increase in regional completions from 2010-2021, there was a 12,789 completion decline from 2019-2020 alone.

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CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. in the 2021-22 school year, while those earned at public schools decreased 3.3%.

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Going Concern

APRIL 21, 2022

. “In my view, the future of the CPA profession is at risk,” writes Yigal Rechtman, CPA, CFE, CITP, CISM in a letter to the editor published by The CPA Journal. The “fifth-year” experiment has had the unintended consequence of costing prospective entrants a 20% premium just for the chance of passing the CPA exam.

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ThomsonReuters

MAY 6, 2021

But this is just the most recent step in the increasing IRS focus on cryptocurrency tax, here’s a brief timeline on past activities: 2021 – Launch Operation Hidden Treasure. Cryptocurrency’s slow adoption is reflected in adoption by firms and CPAs. For CPAs, the first step is understanding the compliance obligations.

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cpas tax return audit Tax 59

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. View INSIDE Public Accounting’s 2021 Top 100 Rankings ». View INSIDE Public Accounting’s 2021 Best of the Best Rankings ».

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LSLCPAs

MARCH 19, 2021

NOTE: Estimated taxes are still due on April 15, 2021 The extension is AUTOMATIC FOR INDIVIDUAL filers whose 2020 tax returns and payments were originally due on April 15, 2021. No late fees, interest, or penalties will apply if returns are filed and payments originally due April 15, 2021 are […].

California 52

California Tax tax return cpas 52

inDinero Tax Tips

NOVEMBER 15, 2021

Our CPAs Answer Your Top 5 Burning Tax Questions. However, the government changed rules for the 2021 and 2022 tax years to encourage businesses to spend money at restaurants. Many of them may affect the 2021 tax year. The post Tax Deductions Guide 2021 appeared first on inDinero. Interested in learning more?

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CPA Practice

JULY 6, 2023

Huether received an Emerging Leader Under 40 Award in 2021, presented by the NYSSCPA. Eells – Adirondack Chapter: Eells is the managing partner at The Hoffman Eells Group CPAs, P.C., He received his associate’s degree in business administration from Briarcliffe College, and his B.B.A in accounting and his M.B.A. in Malone, N.Y.

New York 52

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CPA Practice

JANUARY 17, 2023

State CPA Society Ne ws is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Massachusetts: The Massachusetts Society of CPAs (MASSCPAs) wants members to prioritize their health this tax season. Shapiro’s first budget proposal.

CPA 124

CPA Pennsylvania Tennessee Nevada 124

CPA Practice

MARCH 6, 2023

The American Institute of CPAs (AICPA) has submitted comments to the Department of the Treasury and Internal Revenue Service (IRS) related to changes made to section 162(m) by the American Rescue Plan Act of 2021 (ARPA).

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KROST

JANUARY 19, 2022

Los Angeles, January 19, 2022 – KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. “We KROST led multiple $100+ million deals and worked in 6 different industries in 2021.

Entertainment 52

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CPA Practice

DECEMBER 20, 2023

Honkamp added Nigl Accounting, based in Oshkosh, WI, in December 2021. In November 2022, Honkamp acquired Vaassen, Pluemer CPAs in Platteville, WI, and the Cedar Falls, IA office of Gosling & Co. Art Kuesel and Marc Rosenberg consulted on the acquisition. This marks Honkamp’s fourth acquisition in two years.

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Bharmal&Associates

JANUARY 13, 2021

deduct cash contributions to charity if you don’t itemize, deduct up to 100 percent of your adjusted gross income (AGI) as a charitable deduction, lengthen to one year the time you have to repay your 2020 employee Social Security taxes if you had them deferred by your employer, deduct medical expenses in 2021 using the now-extended 7.5

Tax 147

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LSLCPAs

DECEMBER 8, 2021

Introduction You have probably heard that the Infrastructure Investment and Jobs Act signed into law on November 15, 2021, eliminated the Employee Retention Credit for 2021 Q4. appeared first on LSL CPAs. One thing is to keep in mind that. The post ERC Employee Retention Credit REPEALED for Q4 – Don’t Panic!

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cpas Tax 97

KROST

DECEMBER 23, 2022

PASADENA, CA – KROST CPAs & Consultants was recognized as the Top Fastest Growing Private Companies by the Los Angeles Business Journal in 2022. Based on revenue from 2020 to 2021, KROST was ranked among the fastest-growing private companies in the greater L.A.

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cpas 66

CPA Practice

OCTOBER 10, 2023

The retirement of CPAs contributes to the shortage of qualified tax practitioners, with nearly 75% of the workforce in 2020 reaching retirement age, according to the AICPA. The Talent Pipeline Shortage In the past, public accounting experienced a natural cycle of employees moving up the ranks as older, established CPAs met retirement age.

Technology 105

Technology accounting firms Account accountant 105

LSLCPAs

FEBRUARY 9, 2022

Before we get too far into the year, we wanted to remind you of two significant changes that became effective in 2021 for California homeowners. The post California Property Tax Updates appeared first on LSL CPAs. They both relate to transferring the property tax base from an old to a new primary residence.

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California Tax cpas 98

Going Concern

MARCH 22, 2024

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

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CPA Practice

AUGUST 9, 2023

billion) 2021 : 181 ($85.7 Fellow Big Four firm Deloitte and San Francisco-based accounting firm WWC PC CPAs tied with five IPO audit clients each, according to Audit Analytics. It was another weak quarter for initial public offerings (IPOs) as 34 deals raised a combined total of $7.4 billion) 2022 : 46 ($5.3 billion) 2020 : 62 ($18.5

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KROST

DECEMBER 23, 2022

PASADENA, CA – KROST CPAs & Consultants was recognized as the Top Fastest Growing Private Companies by the Los Angeles Business Journal in 2022. Based on revenue from 2020 to 2021, KROST was ranked among the fastest-growing private companies in the greater L.A.

cpas 52

cpas 52

Going Concern

OCTOBER 25, 2023

As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. decrease 2020-2021 11.4%

CPA 113

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Going Concern

SEPTEMBER 16, 2022

The data collected included: 2021 revenues from the firm’s construction practice; Number of CPAs in the firm’s construction practice; Percentage of the firm’s total revenues derived from its construction practice; Number of states in which the firm is licensed to practice; Year in which the construction practice was established; and.

accounting firms 56

accounting firms Construction cpas Account 56

Bharmal&Associates

JANUARY 13, 2021

The new deadline of March 31, 2021, replaces the expired deadline of August 8, 2020. Premier Orange County CPAs. The monies available in this new round of PPP funding are on a first-come, first-served basis. Don’t procrastinate. Get your application for your first-time PPP monies in place now.

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payroll cpas Tax 147

CPA Practice

JUNE 6, 2023

The Illinois CPA Society (ICPAS) has announced its third class of Strategy Academy graduates. I look forward to seeing the graduates leverage their new skills and mindsets to help their clients to drive greater profitability and long-term business success.”

Illinois 52

Illinois CPA cpas accounting and finance 52

CPA Practice

OCTOBER 11, 2023

nationally between 2016 and 2021, the latest year for which complete data was available. Future Education Costs Data from the National Center for Education Statistics reveals that between 2000 and 2021, average college tuition and fees increased by 69%. These milestones bring many new and dynamic financial obligations.

Illinois 98

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CPA Practice

MARCH 29, 2023

Previously, the AICPA submitted two letters – October 28, 2021 and June 21, 2022 – to Congressional tax-writing committee leadership highlighting key issues with the corporate profits minimum tax, as well as a letter to Treasury and the IRS in October of 2022 requesting immediate guidance on the CAMT rules.

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Tax income tax cpas tax return 64

Dent Moses

FEBRUARY 7, 2024

Specifically, there is a real need for more incoming CPA candidates to replace those retiring and to handle increased demand. 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. from the previous year.

CPA 52

CPA cpas cpa firm Education 52

Going Concern

NOVEMBER 10, 2023

The one that contains this quote: From the CAQ report “Increasing Diversity in the Accounting Profession Pipeline: Challenges and Opportunities” The EY survey report continues: CPAs bring desirable skills to C-level executive roles. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs.

CPA 77

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Accounting Today

APRIL 19, 2024

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

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Withum

JULY 2, 2021

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New Jersey 98

New Jersey cpas 98

CPA Practice

NOVEMBER 3, 2023

merged with Grassi in 2021, said in a post today on LinkedIn regarding the firm’s changes to its ownership and operating structure, “My objective [for the merger] was to ensure a solid future for our clients, our team, and our partners. Among other benefits, this opens the pathway for non-CPAs to become partners in the firm.

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cpas New Jersey cpa firm New York 59

CPA Practice

JUNE 15, 2023

Weirich brings public accounting to life in the classroom, bridging the gap to the real world and preparing them for the future,” says Denese Ennis, Director of Member Engagement & Academics Michigan Association of CPAs. “Dr. This text has been adopted by numerous universities, CPA firms, and corporations for staff training purposes.

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Education Account accountant accounted 98