Remove 2025 Remove CPA Remove public accounting Remove Tax
article thumbnail

Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. The reshuffle goes into effect on July 1. ‘No

article thumbnail

Capacity Plus Capability: How Co-Sourcing Can Help Overcome the CPA Shortage and Restore Confidence in the Financial Markets

Cherry Bekaert

It is clear these mistakes are due to a shortage of accountants. may be down around 340,000 CPAs going into 2025. Beyond adding strength to your bench with a qualified CPA, the right co-sourcing partner also brings powerful industry subject matter knowledge to the table.

CPA 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

PwC chairman refuses to share tax leaks scandal investigation with Australian parliament [ The Guardian ] PwC’s global chairman, Bob Moritz, has refused to comply with a request from the Australian parliament to share a copy of an investigation used to contain the tax leaks scandal to Australia. This S**t Is Still Going On?

Minnesota 113
article thumbnail

Get to Know TaxConnex: Partner Q&A Series - Robert Dumas

TaxConnex

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. 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.

article thumbnail

Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

KROST

As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. Business owners should watch out for this or speak to their CPA or accountant for more information. New Markets Tax Credit. The new markets tax credit was set to expire on December 31, 2020.

article thumbnail

Real Estate Related COVID Relief Under the Consolidated Appropriations Act (CAA)

KROST

Mortgage Debt Forgiveness for income from the discharge of qualified principal residence indebtedness is extended through 2025. Family & Medical Leave Tax Credit extended through March 31, 2021, to provide employers with relief for expenses incurred from providing paid family and medical leave to employees during the pandemic.

article thumbnail

AICPA News – Oct. 2023

CPA Practice

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns.

cpas 52