Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

Account 104

Account accountant accounted audit 104

TaxConnex

FEBRUARY 15, 2024

The Texas Comptroller of Public Accounts amended a regulation to determine the location where a sale is completed for local sales and use tax purposes. Pennsylvania’s Department of Revenue has released a bulletin regarding the sourcing of sales other than services and tangible personal property.

Sales 190

Sales Tax Illinois Washington 190

Going Concern

MARCH 15, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Accounting giant renews lease in downtown S.F. —

auditor 112

auditor audit cpas Iowa 112

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 100

Minnesota cpas audit CPA 100

KROST

JANUARY 25, 2021

However, guidance on how to account for business expenses used with the PPP loan was not provided. Business owners should watch out for this or speak to their CPA or accountant for more information. It is extended through December 31, 2025. It is extended through December 31, 2025. New Markets Tax Credit.

Real Estate 90

Real Estate Tax CPA public accounting 90

TaxConnex

NOVEMBER 10, 2022

I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. After 8 years at BellSouth I took a voluntary termination package and became an independent consultant in tax and accounting. I graduated in 1985 with a Masters in Tax.

income tax 130

income tax tax return Tax Sales 130

Cherry Bekaert

APRIL 30, 2024

While the Lakers are currently working to correct the typos, in the accounting world, the price of these unintentional errors and lack of oversight (due to talent shortages and/or strained capacity at the senior management or executive level) can be especially costly — financially, operationally and reputationally.

CPA 52

CPA cpas audit accounting and finance 52

KROST

JANUARY 14, 2021

Mortgage Debt Forgiveness for income from the discharge of qualified principal residence indebtedness is extended through 2025. Empowerment Zones (EZs) Tax Incentives for areas of high poverty and unemployment were extended through 2025. New Markets Tax Credit for investment in low-income communities was extended to 2025.

Real Estate 67

Real Estate CPA Hospitality Tax 67

Going Concern

JUNE 23, 2022

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things. CPA Island is the center of the public accounting profession in Second Life.

Maryland 128

Maryland CPA Gaming cpas 128

Withum

MARCH 22, 2022

The proposed rules would not require an attestation service provider to be a registered public accounting firm. For accelerated and non-accelerated filers, fiscal year 2024 (filed in 2025). For SRCs, fiscal year 2025 (filed in 2026). Effective Date. Assuming the effective date of the proposed rules is December 2022.)

financial statements 82

financial statements audit Government public accounting 82

Going Concern

JANUARY 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. in 2021/22.

audit 103

audit auditor Illinois CPA 103

Withum

NOVEMBER 29, 2023

Entities created in 2024 have until January 1, 2025, to file the report. Generally does not include a business’s accountants or lawyers, Board members, or partnership representative. Can I engage a lawyer or accountant to assist me with reporting? 5 & FAQ J.1. When is reporting required? 9 & FAQ D.10. 1 & FAQ F.4.

Legal 91

Legal Non-Profits income tax Tax 91

Cherry Bekaert

APRIL 9, 2024

There are tangible business benefits to measuring and reporting emissions,” says Gabriela Payne, Senior Manager, Risk & Accounting Advisory Services. Timeline for Compliance: Prepare for Reporting on 2025 Activities in 2026 Impacted companies will need to begin reporting in January 2026.

California 52

California Technology Manufacturing Transportation 52

Going Concern

AUGUST 16, 2023

The building boasts more than 100 secure bike parking spaces as well as shower and changing facilities (important for a public accounting office and you all know why). In 2022 they announced their first ‘future of work’ office, having recycled bits of that press release for this latest one.

public accounting 98

public accounting Maine Start-ups Technology 98

CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. 3541, the Accounting STEM Pursuit Act of 2023 was introduced by Representatives Haley Stevens (D-MI) and Young Kim (R-CA); in the Senate, Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) introduced S.

cpas 52

cpas CPA Education audit 52

CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. 3541, the Accounting STEM Pursuit Act of 2023 was introduced by Representatives Haley Stevens (D-MI) and Young Kim (R-CA); in the Senate, Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) introduced S.

cpas 52

cpas CPA Education audit 52

Going Concern

SEPTEMBER 16, 2022

Sayantani Ghose filed a complaint in Manhattan federal court on Wednesday claiming EY punished her for exhibiting “professional skepticism,” even after the accounting firm had paid tens of millions of dollars in fines and settlements over its auditors’ alleged misconduct in recent years. Accounting Firm M&A.

auditor 91

auditor Iowa audit Mississippi 91

SkagitCountyTaxServices

JUNE 1, 2023

Twenty-three types of entities are exempt: certain types of banks and credit unions; some securities brokers and other types of companies registered with the SEC; some companies associated with insurance; and public accounting firms and some utilities. You can see a list and more details here.)

Government 68

Government public accounting CPA Start-ups 68

Going Concern

AUGUST 4, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season.

cpa firm 97

cpa firm CPA accounting firms accounting and finance 97

CPA Practice

JANUARY 10, 2024

Both tasks are performed by IRS customer service representatives (CSRs) in the agency’s Accounts Management (AM) function. Prioritize the improvement of online accounts for individual taxpayers, business taxpayers and tax professionals to provide functionality comparable to that of private financial institutions.

tax return 64

tax return income tax Non-Profits Tax 64

Cherry Bekaert

FEBRUARY 2, 2024

.” — Scott Moss, Managing Partner | Private Equity and Transaction Advisory Leader Regulatory Developments Kept Private Equity on Its Toes The polarization around Environmental, Social and Governance (ESG) and carbon accounting has intensified, resulting in a patchwork of wildly different state legislation.

accounting and finance 83

accounting and finance California cpa firm CPA 83

LyfeAccounting

OCTOBER 29, 2020

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What are the differences? Why does it matter? And why is it so confusing? What’s going on guys. Child Tax Credits.

tax planning 52

tax planning Tax corporation tax Real Estate 52