CPA Practice

AUGUST 1, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. = The Florida Institute of Certified Public Accountants (FICPA) recently announced that Jason Harrell will join the FICPA as Chief External Affairs Officer, effective July 17, 2023.

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RogerRossmeisl

NOVEMBER 8, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. The post 2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers appeared first on Roger Rossmeisl, CPA.

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CPA Practice

JUNE 5, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

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RogerRossmeisl

DECEMBER 3, 2023

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. In certain circumstances, The post There May Still Be Time to Reduce your Small Business 2023 Tax Bill appeared first on Roger Rossmeisl, CPA.

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CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. Rahill III, CPA/PFS, JD, LL.M., CGMA, with its prestigious 2023 Lifetime Achievement Award.

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RogerRossmeisl

AUGUST 6, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. July 31 Report income tax withholding and FICA taxes for second quarter 2023 (Form 941) and pay any tax due. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

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CPA Practice

APRIL 3, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to formally announce its new board of directors for the April 1, 2023, to March 31, 2024, fiscal year. Ellis, CPA, partner in Ernst & Young LLP’s financial accounting advisory services practice in Chicago; Joshua Herbold, Ph.D.,

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CPA Practice

JUNE 6, 2023

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession. Nominations for 2024 will open in November 2023 at the Women’s Global Leadership Conference.

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CPA Practice

APRIL 22, 2024

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards. Wolfe, Ltd.

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RogerRossmeisl

APRIL 24, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. For corporations pay the first installment of 2023 estimated income taxes. For individuals, The post 2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers appeared first on Roger Rossmeisl, CPA.

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RogerRossmeisl

FEBRUARY 20, 2023

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Social Security tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2023 at $160,200 (up from $147,000 for 2022). million (up from $1.08

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RogerRossmeisl

FEBRUARY 20, 2023

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. However, it’s a good time to familiarize yourself with tax amounts that may have changed for 2023. Will I qualify for 2023? Due to inflation, many amounts have been raised more than in past years.

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RogerRossmeisl

JANUARY 2, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. If you don’t pay your estimated tax by January 17, you must file your 2022 return and pay all tax due by March 1, 2023, to avoid an estimated tax penalty. If you have questions about filing requirements, contact us.

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CPA Practice

FEBRUARY 5, 2024

Bryan Kesler, CPA – 2023 “20 Under 40” Influencer Founder Kesler CPA Review [link] Career Highlights In 2023, the Kesler CPA Review team and I had the honor of being the CPA exam mentor of Jimmy Chilimigras, a 15 year old from Mississippi, and helping him become the youngest person to ever pass the CPA exam.

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CPA Practice

APRIL 21, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA community through a variety of prestigious awards. Rahill III, CPA/PFS, JD, LL.M., McKeever Jr.

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CPA Practice

MAY 15, 2023

The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee, presented the recipients of the prestigious 2023 Women to Watch Awards at the ICPAS Women’s Leadership Forum last Friday, May 12, 2023, in Chicago, where they received their awards and participated in a panel discussion on advancing women in the accounting profession.

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Accounting Today

JULY 5, 2023

The Illinois CPA Society presented wealth strategist Daniel Rahill III with its 2023 Lifetime Achievement Award.

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RogerRossmeisl

FEBRUARY 5, 2023

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2023. The IRS recently announced that the 2023 cents-per-mile rate for the business use of a car, van, pickup or panel truck is 65.5

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RogerRossmeisl

NOVEMBER 13, 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). For 2023, the FICA tax rate for employers is 7.65% — 6.2% The post In 2023, the Social Security Wage Base is Increasing appeared first on Roger Rossmeisl, CPA.

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CPA Practice

FEBRUARY 5, 2024

I also mentor students, young professionals, and CPA candidates. See all of the 2023 “40 Under 40” and “20 Under 40” honorees. I also serve as National Treasurer of Omicron Delta Kappa, utilizing my accounting expertise to give back.

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CPA Practice

FEBRUARY 5, 2024

See all of the 2023 “40 Under 40” and “20 Under 40” honorees. Current Professional Reading / Listening The Structure of Magic (a deep study on the science of communication and language), Thinker Toys (the practical science of creativity), Aesop’s Fables (creative storytelling for foundational principles).

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Summit CPA

FEBRUARY 22, 2024

Virtual CPA Success Show Podcast Episode 110 Before you indulge on turkey and pumpkin pie this week, join us in reliving some of our favorite guests and business insights from 2023! In addition to sharing their Thanksgiving traditions Joey Kinney and Hannah Hood fill in to introduce highlights from previous episodes of the show.

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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.

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CPA Practice

FEBRUARY 5, 2024

Zurab Moshashvili, CPA – 2023 “40 Under 40” Honoree Partner Anchin, Block and Anchin, LLP [link] Recent Career Highlights Zurab has spearheaded Anchin’s newly developed Movie Studio practice.

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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. The survey will close Dec.

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RogerRossmeisl

FEBRUARY 18, 2024

But if you don’t receive such a letter, can you still claim a deduction for the gift on your 2023 income tax return? The post If You Gave to Charity in 2023, Check to See That Your Have Substantiation appeared first on Roger Rossmeisl, CPA. It depends. Contemporaneous” means the earlier of: The date you file your.

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RogerRossmeisl

JUNE 5, 2022

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). The post Inflation Enhances the 2023 Amounts for Health Savings Accounts appeared first on Roger Rossmeisl, CPA.

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CPA Practice

JANUARY 18, 2023

Founded in 1903, the Illinois CPA Society (ICPAS) is one of the largest state CPA societies in the nation, with the core mission of “enhancing the value of the CPA profession” through meaningful and convenient education, timely and relevant information, influential advocacy, and countless opportunities to make powerful professional connections.

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RogerRossmeisl

NOVEMBER 13, 2022

In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement plans for 2023. 401(k) plans The 2023 contribution limit for employees who participate in 401(k) plans will increase to $22,500 (up from $20,500 in 2022).

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CPA Practice

FEBRUARY 5, 2024

Westley, CPA, PFS, CFP – 2023 “40 Under 40” Honoree Sr. See all of the 2023 “40 Under 40” and “20 Under 40” honorees. Vice President Northern Trust www.northerntrust.com/united-states/home Robert is a Regional Wealth Advisor at Northern Trust responsible for advising the most sophisticated clients in the Northeast region.

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CPA Practice

DECEMBER 18, 2023

The AICPA Leadership Academy was created to inspire, nurture and empower the next generation of diverse CPA leaders by providing them with advanced leadership training. The program is led by Elizabeth Burkhalter, CPA, Senior Manager of the AICPA & CIMA Diversity and Inclusion team’s Emerging Professional’s Initiatives.

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CPA Practice

FEBRUARY 8, 2024

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities in state CPA societies across the U.S. Like other states, Iowa is not immune to the current CPA pipeline issues and finding CPA talent is a top concern for businesses across the state.

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CPA Practice

NOVEMBER 10, 2023

The Indiana CPA Society (INCPAS) is has announced the latest class of INCPAS Scholars. The INCPAS Scholars is a free, year-long program designed to help high school students learn about accounting and the CPA profession. Candidates for the program are high-potential students who are U.S.

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CPA Practice

JANUARY 19, 2023

ICPAS SUMMIT23 is one of the largest CPA state society events in the U.S., attracting nearly 1,000 CPAs and finance professionals interested in industry trends, innovation, product launches and networking with others within specific industry markets.

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Going Concern

AUGUST 30, 2023

The Public Accountancy Act (effective September 1, 2023) and Board Rules require that you meet the new education requirements to take the CPA Exam. The Board states it “is committed to process all Applications of Intent as quickly as possible because we understand your intent to take the CPA Exam prior to January 2024.”

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RogerRossmeisl

NOVEMBER 13, 2022

The post 2023 Limits for Businesses that Have HSAs appeared first on Roger Rossmeisl, CPA. Distributions from HSAs to cover qualified medical expenses aren’t taxed. Employers don’t have to pay payroll taxes on HSA contributions made by employees through.

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