CPA Practice

MARCH 16, 2023

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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ThomsonReuters

JANUARY 12, 2023

Adding to the complexity is the fact that most taxpayers are unaware of the potential tax consequences of crypto. . Significantly intensifying this need is the formation of a dedicated IRS team of criminal investigation professionals tasked with targeting taxpayers who do not report cryptocurrency transactions on their tax returns.

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ThomsonReuters

JANUARY 18, 2024

Some of the key accounting assumptions — which are beneficial for the entity, its management, as well as for those reading the financial statements — include the reliability assumption, accrual assumption, and economic entity assumption, to name a few. Accountant vs. CPA vs. tax preparer: What are the differences?

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KROST

JULY 15, 2021

2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits By Guest Contributor Mike Kniss. As a team member of the accounting department, she specializes in the preparation of financial statements, preparations, compilations, offering consulting services, and training and mentoring staff.

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ThomsonReuters

MARCH 9, 2023

In this post, we will highlight 3 of our top resources included in our Tax Season Toolkit : Year-End Tax Planning for individuals and businesses, How APIs can help transform your practice, and a Case Study detailing how GoSystem Tax RS and GoFileRoom helped a firm. What’s new? • What’s new? •

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Anders CPA

OCTOBER 1, 2022

Her clients have benefited from Lesley’s exhaustive experience with various consulting services, including accounting process and internal control improvements, as well as quality of earnings analysis and financial statement due diligence. He was named a 2021 St. Learn more about Lesley Sanchez. About Beth Schulte.

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ThomsonReuters

MAY 6, 2021

Their focus is on taxpayers who omit cryptocurrency income from their tax returns. 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. All transactions are identified and can be categorized as needed.

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