Going Concern

SEPTEMBER 19, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Account 103

Account accountant accounted Construction 103

SMBAccountant

FEBRUARY 19, 2024

Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. Attention to detail, alignment with legal requirements, and effective communication are crucial aspects of navigating government contracts, contributing to successful and compliant contractual engagements.

Government 246

Government accounting principles Legal Account 246

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Government 219

Government accounting principles Account accountant 219

RogerRossmeisl

OCTOBER 24, 2023

If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. law made changes that will allow more people to be eligible for these accounts, beginning in 2026. The SECURE 2.0

Account 259

Account accountant accounted CPA 259

AccountingDepartment

NOVEMBER 2, 2023

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor.

Government 96

Government Account accountant accounted 96

SMBAccountant

OCTOBER 7, 2020

This requires a detailed job costing within an accounting system for which many contractors are not prepared. These oversight bodies are not typically concerned with a contractor’s accounting system during a phase I award because of the fixed price. The accounting system must be able to identify and segregate disallowed costs.

Account 246

Account accountant accounted accrual accounting 246

SMBAccountant

JULY 29, 2020

Budgets may be the most artful part of accounting. Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. The other issue is timing.

Government 190

Government Account accountant accounted 190

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government accounting principles Account accountant 190

Anders CPA

SEPTEMBER 5, 2024

Anders has once again been recognized as a Best of the Best firm by INSIDE Public Accounting (IPA) for the fourth consecutive year after moving up to #73 on IPA’s Top 100 Firms List. This distinction places Anders among an elite group of 75 top-performing CPA firms across the U.S. View the full list of 2024 Best of the Best IPA Firms.

public accounting 105

public accounting accounting firms Account accountant 105

LSLCPAs

MAY 2, 2024

Preparing reconciliations is an essential function of an accounting department in local government finance departments. Reconciliations not only ensure the account balance in the general ledger is complete, but if done properly, they should also tell you if the account balance is correct. In this article, we will.

Government 52

Government Finance general ledger Account 52

Accounting Today

MAY 21, 2024

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.

Account 122

Account accountant accounted accounting standards 122

Going Concern

AUGUST 29, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 104

Real Estate Account accountant accounted 104

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

Government contractors are required to follow certain accounting guidelines to maintain their standing.

Account 246

Account accountant accounted Government 246

CPA Practice

MAY 1, 2024

The Board of Trustees of the Financial Accounting Foundation ( FAF ) is seeking nominations for new members to join the Financial Accounting Standards Advisory Council ( FASAC ) for an initial one-year term beginning January 1, 2025. The FASAC is the primary advisory body to the Financial Accounting Standards Board ( FASB ).

financial accounting 111

financial accounting accounting standards Account accountant 111

Accounting Today

MAY 28, 2024

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

Government 119

Government accounting standards Maine Account 119

LSLCPAs

SEPTEMBER 12, 2023

With the settlements with various pharmaceutical companies and distributors being finalized recently, there’s been a lot of uncertainty about what the accounting for these settlement funds looks look. The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs.

Government 59

Government Pharmaceutical Account accountant 59

Going Concern

AUGUST 28, 2024

Fresh off the big reveal of the 2024 Top 500 list , INSIDE Public Accounting has released another one of their yearly lists that tends to get less play than the big T100: Best of the Best. See the full list from INSIDE Public Accounting here.

accounting firms 102

accounting firms Account accountant accounted 102

LSLCPAs

JUNE 7, 2024

Accounts payable fraud is a growing concern for local governments, with vendor scams becoming an increasingly common problem. Bad actors are contacting local governments, claiming to be from a vendor and requesting changes to addresses or bank information.

accounts payable 52

accounts payable Government Finance cpas 52

Accounting Today

JUNE 5, 2024

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

accounting firms 70

accounting firms Government Account accountant 70

Going Concern

JULY 25, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 104

Real Estate Account accountant accounted 104

CPA Practice

AUGUST 1, 2024

The National Pipeline Advisory Group (NPAG), an independent advisory group convened in response to an American Institute of CPAs (AICPA) governing Council resolution, has released its final report of recommendations to address the accounting talent shortage. NPAG began work in July 2023.

Account 119

Account accountant accounted cpas 119

CPA Practice

AUGUST 22, 2024

When fully developed, business tax account (BTA) will allow many types of business taxpayers to check their tax history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS. Within BTA, business taxpayers can now: View and make a payment toward a balance due by using a bank account.

tax accountant 109

tax accountant business tax Tax Account 109

ThomsonReuters

JULY 18, 2024

Jump to: What are the top challenges accountants are facing? To help tax and accounting professionals, this article explores some of the top issues firms face and the solutions that can help them achieve greater success. What are the top challenges accountants are facing? Keeping up with ever-changing tax regulations and rules.

Account 91

Account accountant accounted Technology 91

Accounting Today

NOVEMBER 8, 2023

The International Public Sector Accounting Standards Board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

accounting standards 122

accounting standards Account accountant accounted 122

CPA Practice

JUNE 19, 2024

government contracts account for over $700 billion annually , a significant portion of which hinges on the ability for contractors to “establish and maintain an acceptable accounting system” which includes “timekeeping” and “labor distribution.” By Jim Wesloh U.S.

Government 115

Government general ledger audit accounting system 115

SMBAccountant

SEPTEMBER 23, 2020

Most companies set a threshold in their accounting policies to avoid wasted time and effort on immaterial or low cost items. Be sure to talk with your accountant about what depreciation is recorded in your books. Fixed assets are recorded on the balance sheet. This can happen over a period of time.

Government 170

Government Account accountant accounted 170

Going Concern

MAY 30, 2023

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

CPA 98

CPA institute of chartered accountants Government chartered accountant 98

Going Concern

AUGUST 30, 2024

StoneTurn’s Brad Wilson wrote an opinion piece for Bloomberg Tax about how business leaders can take proactive steps to address the accountant shortage and I am presenting it here for you to critique. Brad is coming into this from the business leader side, not the accounting firm side. ” Cool. Let’s see your steps, Brad.

Account 112

Account accountant accounted Education 112

Cherry Bekaert

JUNE 27, 2024

In Part 1 of our series on Contractor Business Systems, we explore the requirements for a government-approved adequate accounting system as outlined in DFARS 252.242-7006 and required by Federal Acquisition Regulation (FAR) 16.301-3 in the award of a cost-reimbursable type contract.

accounting system 52

accounting system Government audit Account 52

Accounting Today

JUNE 25, 2024

A coalition of accounting educators and tech leaders released a generative AI governance framework as a starting point for organizations.

Government 114

Government Education Technology Account 114

CPA Practice

AUGUST 26, 2024

For too long, accountants and their clients have been operating out of alignment. Collaborative Accounting is the path, and this eBook will start you on your journey. Do you want more time for the deeper advisory work that matters to you and to your clients but aren’t sure how to get there?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

LSLCPAs

MAY 8, 2024

Is the balance in your payroll liability accounts ever-increasing, with no explanation why? Do you have liability accounts with large debit balances? In this article, we will discuss how to tackle those problem accounts that keep you up at night.

payroll 52

payroll Government cpas Account 52

Cherry Bekaert

SEPTEMBER 10, 2024

In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss the do’s, don’ts and pitfalls of outsourced accounting. Host Eric Poppe , a Managing Director in the Government Contracting Industry practice, is joined by Jonathan Reid, a Director in Outsourced Accounting Services.

Government 52

Government bookkeeping Account accounted 52

Going Concern

AUGUST 27, 2024

Over the last 25 years Sandy Saggar has built an impressive company that dovetails nicely with our own offerings and specialized services to non-profits and the government sector, where we have a strong presence,” he said. “We The federal government also knows the name Saggar & Rosenberg. million bucks. Don’t let us down.

accounting firms 95

accounting firms Maryland Account accountant 95

LSLCPAs

FEBRUARY 12, 2024

The post 4 Ways Outsourced Accounting Helps Non-Profits Deal with Multi-level Government Regulations appeared first on LSL CPAs. Your entity might be a charitable organization, a public charity, or a private foundation. Whether you are a 501(C)(3),(4), (6), or something.

Non-Profits 59

Non-Profits Government cpas Account 59

Going Concern

SEPTEMBER 12, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 57

Real Estate Account accountant accounted 57

AccountingDepartment

NOVEMBER 16, 2023

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors.

Technology 82

Technology Account accountant accounted 82