CPA Practice

MAY 2, 2023

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. 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. is due to several factors.

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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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Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

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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.

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CPA Practice

MAY 10, 2024

The Florida Institute of Public Accountants (FICPA), Nova Southeastern University (NSU) and three South Florida accounting firms – Berkowitz Pollack Brant, Kaufman Rossin and PAAST – have launched a new partnership that will assist future certified public accountants (CPAs) on their path to licensure.

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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. —

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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.

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ThomsonReuters

MARCH 17, 2022

and by 2025, Gen Z will make up 27% of the labor force. With the number of college students enrolled as accounting majors hitting record numbers, there will be more accounting professionals from younger generations in the years to come. This raises the question of how to manage millennial and Gen Z accountants.

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CPA Practice

FEBRUARY 16, 2023

T he American Institute of CPAs (AICPA) submitted a letter to the House Ways and Means Committee and Senate Finance Committee requesting immediate consideration of the treatment of section 174 research and experimental expenditures, as well as numerous expired tax provisions.

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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. hours to 15.5

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xendoo

NOVEMBER 2, 2021

If you have made or plan to make a major purchase for your business and are unsure if it qualifies, speak with an online accountant at Xendoo to learn more. . 60% after December 31, 2023 and before January 1, 2025. 20% after December 31, 2025 and before January 1, 2027. Are There Limits to the Deductions? Maximized Taxes.

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CPA Practice

FEBRUARY 1, 2023

For Those in or Nearing Retirement Later Starting Age for Required Minimum Distributions (RMDs) The age at which retirement account owners must start taking RMDs will increase to 73, starting January 1, 2023, and will further raise the age to 75 in 2033. The catch-up amount for people age 50 and older in 2023 is currently $7,500.

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CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services. 1705, the STEM Education in Accounting Act.

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CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services. 1705, the STEM Education in Accounting Act.

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Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. Have a safe Memorial Day. Big four consultancies win $1.4 million over a decade.

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CPA Practice

OCTOBER 5, 2023

When you turn on Social Security and start taking distributions from retirement accounts, it pops back up. During this time, you can move money from pre-tax retirement accounts into Roth IRA accounts and pay taxes at your current rate. So, as we evaluate our client planning for year-end, we are thinking about 2025 premiums.

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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. Back in 2008 CPA Island was the first (only?

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CPA Practice

APRIL 5, 2023

House of Representatives, the American Institute of CPAs (AICPA) expressed its strong support for the Supply Chain Disruptions Relief Act. The bills – S.443 443 and H.R. The bills – S.443 443 and H.R.

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CPA Practice

MARCH 1, 2023

AICPA News is a roundup of recent announcements from the American Institute of CPAs. Specific proposals address significant issues affecting businesses, taxpayers and their accounting representatives, such as the tax treatment for health insurance deductions for employees and self-employed individuals (pg.

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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.

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Going Concern

AUGUST 23, 2023

It is of particular interest to professors, accounting department chairs, other assorted academics, and any accounting profession meteorologists who are tracking the perfect storm of pipeline problems and a completely revamped CPA exam debuting in just a few months. And so do professors in accounting programs.

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CPA Practice

MARCH 31, 2023

House of Representatives, the American Institute of CPAs (AICPA) expressed its strong support for the Supply Chain Disruptions Relief Act. The bills – S.443 443 and H.R. The bills – S.443 443 and H.R.

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Withum

FEBRUARY 26, 2024

There is no better place for automotive accountants and CFOs to pack in CPE credits, networking, good food, and fun than at the AICPA Dealership Conference. The CPAs at Withum always look forward to this event in Las Vegas in October after deadlines have settled. New Vendors require approval. Require your team to take vacation time.

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Going Concern

AUGUST 26, 2022

While you’re here, allow us to pester you to sign up for our newsletter to get accounting headlines twice a week. The report also stated that according to industry estimates, the market is expected to reach $20-25 billion by 2025 from $4-7 billion in 2020. We found Barry Melancon’s Reddit account. Happy weekend!

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CPA Practice

JANUARY 16, 2023

As Michelle Lubbe works toward the online Master’s of Accounting (iMSA) from the University of Illinois at Urbana-Champaign, she instantly puts what she learns to the test. “On In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025. Accounting positions remain in demand, even in the current job market.

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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.

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ThomsonReuters

JANUARY 9, 2024

Another area of interest regarding the increased use of AI in IRS audits is whether or not tax preparers, CPAs, and other practitioners will adjust how they advise a client to avoid a possible red flag if certain information on a tax return falls outside a regular fact pattern. Will practitioner guidance change?

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xendoo

MARCH 14, 2023

The QBI deduction is only available to pass-through entities between the tax years 2018-2025. Some common SSTB industries include: Health Law Accounting Art and design Consulting Financial services Investment management SSTBs can’t claim any QBI deduction once they reach the highest income limit.

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xendoo

MARCH 14, 2023

The QBI deduction is only available to pass-through entities between the tax years 2018-2025. Some common SSTB industries include: Health Law Accounting Art and design Consulting Financial services Investment management SSTBs can’t claim any QBI deduction once they reach the highest income limit.

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Nancy McClelland, LLC

APRIL 16, 2023

But even though I take approximately 70 credit hours of continuing education each year (almost twice the requirement for Illinois CPAs), every once-in-a-while a new tax law falls between the cracks, or I might not realize a given client is suddenly eligible for an old one.

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xendoo

JANUARY 16, 2023

Tax rate Single individual income Married (filing jointly) income 10% $10,275 or less $20,550 or less 22% $41,775 $83,550 24% $89,075 $178,150 32% $170,050 $340,100 35% $215,950 $431,900 Updates to Small Business Tax Rates The IRS updates small business tax rates yearly to account for inflation or other economic changes.

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xendoo

FEBRUARY 13, 2023

Our tax accountants know all the tax breaks for business owners and how to leverage them. 12 tips on how to pay less in taxes One benefit of working with Xendoo’s experienced tax specialists and CPAs is that we know how to save you money on taxes legally. If you’re unsure, consult one of our licensed tax CPAs.

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