article thumbnail

The CPA Profession 2027

RitaKeller

They are providing seven predictions for the future titled, “CPA Profession 2027: Racing for Relevance.” Inside “CPA Profession 2027,” ICPAS outlines how the CPA profession is facing a pace and type of change unlike any it has experienced before, where the rules of the race are literally being rewritten by technology.

CPA 40
article thumbnail

Indiana Accounting and Tax Professional Societies Collaborate on Pipeline and Workforce Challenges

CPA Practice

Accounting profession leaders from across the country attended Vision 2027 on May 10, 2024, in Indianapolis to collaborate on developing the CPA pipeline and workforce. Attending Vision 2027 was truly eye-opening,” said Camilo Renteria, ALPFA board member and Falkbuilt business development manager. ALPFA, INCPAS, NABA Inc.,

Indiana 52
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The Tax Blotter – Feb. 2024

CPA Practice

Although audit rates have been historically low the last few years, the IRS is expected to begin targeting more individuals, especially high-income taxpayers. How long does the IRS have to audit your return? Therefore, the deadline for 2023 returns is usually April 15, 2027. Start the clock. Don’t push panic button.

Tax 65
article thumbnail

Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. As one of the six new NAC members, Jeanne will serve a four-year term ending on December 31, 2027.

article thumbnail

What We’re ERC’ing With the Employee Retention Credit

Withum

The deadlines generally are as follows: For the ERC covering 2020, the deadline to file is April 15, 2024; For the ERC covering the first two calendar quarters of 2021, the deadline to file is April 15, 2025; For the ERC covering the third calendar quarter of 2021, the deadline to file is April 15, 2027; and. We Provide an Audit Guarantee!

audit 136
article thumbnail

ERC Moratorium – What Does That Mean?

Withum

If a business timely filed its original 941s and no fraud is involved, then the IRS has until April 15, 2024 to deny 2020 claims, it has until April 15, 2025 to deny Q1 and Q2 2021 claims, and it has until April 15, 2027 to deny Q3 and Q4 (for recovery startup businesses) 2021 claims. In other words, playing the audit lottery is risky.

article thumbnail

How AI Can Help With Lease Accounting

CPA Practice

In 2019, the global artificial intelligence (AI) in accounting market, specifically, was valued at $646 million, according to BCC Research, which projects it to reach $14 billion by 2027. Regular data audits and validations are essential to maintain the integrity of your lease accounting process. Neglecting training and updates.

Account 116