CPA Practice

OCTOBER 22, 2024

Clarify issues stemming from prior section 280E disallowance – the AICPA recommends that Treasury and the IRS issue guidance clarifying the tax treatment of issues arising from no longer being subject to section 280E, including accounting year changes, partnership basis and depreciation.

cpas 116

cpas Non-Profits Legal Tax 116

Withum

JULY 9, 2025

Withum is proud to announce that Nadia-Maria Matthie has been awarded the Ronald Benjamin National Achievement in Public Accounting Award at the 2025 National Association of Black Accountants (NABA) Awards Gala. She is passionate about progressing the next generation of accounting professionals.

public accounting 80

public accounting Non-Profits accountant Account 80

Withum

JULY 17, 2025

Banking and Financial Infrastructure Companies should establish a US bank account and find a trusted banking partner. Will the US company be financed by the non-US parent company? Will any employees from the non-U.S. Planning for Repatriation of Profits out of the U.S. profits back to the foreign parent company?

Non-Profits 83

Non-Profits accounting and finance payroll Delaware 83

Basis 365

NOVEMBER 26, 2024

If you’re looking to generate more profit to fund operating expenses, pay your team more, offer better benefits, and fuel growth—while still keeping more profit for yourself—it’s time to focus on key financial and pricing drivers. Here are actionable strategies to help you improve your gross profit margins and achieve your goals.

Non-Profits 59

Non-Profits Technology Tax tax planning 59

CPA Practice

DECEMBER 6, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:10 welcome to the accounting Technology Lab. Or most non technical documentation, okay? Is it perfect yet? Sure, its not. But is it good?

Technology 98

Technology accountant accounted Account 98

Accounting Seed

JANUARY 7, 2025

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Lets look into the key points of changing accounting software. Is It Time for New Accounting Software?

accounting system 59

accounting system accountant Account accounted 59

ThomsonReuters

OCTOBER 18, 2024

Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies.

Non-Profits 52

Non-Profits financial statements Legal tax return 52

Accounting Seed

NOVEMBER 15, 2024

Businesses rely on key accounting reports like the P&L statement, trial balance, and balance sheet to provide a high-level view of company performance on a regular basis. For example, When you update a customer record in sales it immediately updates in accounting because that record is one and the same.

Technology 59

Technology accounting and finance general ledger NetSuite 59

Accounting Insight

JUNE 6, 2025

Technology-embracing firms enjoy nearly two-thirds more revenue growth compared to their competitors, according to a recent report on the future of accounting. For accounting practices, this represents a significant shift in how tax information is collected, processed and submitted. What does this mean for your practice?

Tax 66

Tax Technology Non-Profits income tax 66

Ronika Khanna CPA,CA

JULY 17, 2025

Journal entries can be perplexing for small business owners/non accountants, or accountants/bookkeepers in the early stages of their careers. Since you have the reversing entry, only the work done for $2,500 will be reflected on January’s profit and loss. Final Thoughts Reversing entries are an important accounting tool.

quickbooks 52

quickbooks Non-Profits bookkeeping Sales 52

ThomsonReuters

NOVEMBER 25, 2024

ESG due diligence in the supply chain also requires a level of transparency and visibility that only advanced technologies can provide; otherwise, it is virtually impossible to hold vendors accountable. Access report ESG Solutions Expert tools from Thomson Reuters to navigate environmental, social, and governance challenges.

Government 99

Government Non-Profits Legal California 99

Basis 365

APRIL 15, 2025

To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows. Unlike the Income Statement, which reports revenue and expenses based on accrual accounting, the Statement of Cash Flows focuses solely on actual cash transactions.

accrual accounting 64

accrual accounting accounting and finance Non-Profits financial statements 64

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

Non-Profits Technology audit accounting system 52

CPA Practice

DECEMBER 10, 2024

Client advisory services (CAS) is poised to continue its impressive trajectory as the fastest growing service area in public accounting, according to the newly released 2024 CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey report. Defined strategy and planning are key to a successful and profitable CAS practice.

Non-Profits 111

Non-Profits CPA public accounting Tax 111

Nancy McClelland, LLC

JANUARY 12, 2025

Lots of small business owners pay what are known as “quarterly estimated taxes” to the IRS and their state department of revenue throughout the year — as a replacement or in addition to W-2 withholding, in order to pay tax on their self-employed or pass-through company’s profit. account, the ID.me

Tax 52

Tax tax return accountant Account 52

Basis 365

APRIL 14, 2025

Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting. But why has outsourced accounting become the new normal?

accountant 52

accountant Account accounted quickbooks 52

Going Concern

JANUARY 23, 2025

One respondent suggested that there were already disgruntled clients unhappy with accountancy firms taking on PE investment, and that remaining independent was an opportunity for their firm. We should expect to see similar behavior with non-PE firms versus PE-funded ones. So this is interesting.

accounting firms 64

accounting firms institute of chartered accountants accountant Account 64

Accounting Today

JUNE 17, 2025

The Rosenberg Associates ( [link] ): Private equity entered the accounting profession with promises of creating value and fixing many of the pain points in the profession. All rights reserved. A recent paper examines how uncertainty is suggested again by Zilka v. Tax Review Board.

E-commerce 82

E-commerce Technology tax preparation Illinois 82

CTP

JANUARY 22, 2025

Options include health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs)the plan type well cover in todays article. On the employee side, an HRA is a reimbursement plan, which means the account holder must pay the expense upfront and then request a reimbursement.

Tax 89

Tax Expense Reimbursements Non-Profits accountant 89

Xero

NOVEMBER 28, 2024

Ellie Redfern , Enterprise Account Manager at Xero, recently spoke with Symon Barkway , a partner at the Xeinadin Sittingbourne office and the area managing partner of the North Kent region, on his journey with Xero and why he’s passionate about helping other accounting firms embrace change. Tell us about your firm?

Non-Profits 95

Non-Profits bookkeeping Technology Healthcare 95

Mark Lee

JULY 22, 2025

For some time now it has been increasingly common to see firms describing themselves as “accountants and business advisers.” NB: I know of accountants constantly seeking the perfect tech solution to both analyse clients’ data and position the accountant as a great business adviser. But what does that really mean?

accountant 52

accountant Account accounted Non-Profits 52

Withum

MARCH 17, 2025

For importers of raw materials or finished goods, Accounting Standards Codification (ASC) 330: Inventory requires that all costs necessary to bring a product to its saleable state should be classified as inventory. Visit Resource Center Transfer Pricing Enters the Equation Multinational companies with purchases or sales through non-U.S.

financial statements 95

financial statements Manufacturing Non-Profits Tax 95

Withum

JULY 3, 2025

Common Tax Pitfalls for Law Firm Partners to Avoid Misclassifying Income: Partners must accurately classify their income, distinguishing between guaranteed payments and profit distributions. Failing to account for these taxes can result in underpayment penalties.

Tax 69

Tax Non-Profits tax planning Legal 69

Shay CPA

APRIL 28, 2025

Penalties for Non-Compliance: While enforcement measures are still being finalized by NYC regulators, failure to meet these requirements may result in penalties. Employer Contribution Deduction: Any matching contributions or other employer contributions to employee retirement accounts are tax-deductible as a business expense.

New York 52

New York payroll New Jersey CPA 52

Accounting Today

JUNE 13, 2025

Financial Cents introduces advanced reporting features bohlam - stock.adobe.com Accounting practice management software provider Financial Cents announced a new reporting suite to help firm owners manage their team performance, revenue generation and profitability more precisely. All rights reserved.

Technology 82

Technology tax planning audit tax preparation 82

CPA Practice

JULY 7, 2025

Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. from spring 2024.

cpas 85

cpas accounting and finance CPA Technology 85

CPA Practice

DECEMBER 3, 2024

Sage, a maker of accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced that Sage Copilot is available to early adopters initially in the US and UK on Sage Intacct. Streamlined operations in these industries directly contribute to improved profitability and business growth.

general ledger 59

general ledger Non-Profits accounting and finance Finance 59

Anders CPA

FEBRUARY 28, 2025

To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

ThomsonReuters

JULY 10, 2025

Minimum effective tax rate: Multinational profits face a 15% floor. Expect overlapping rules and phased retirements of old taxes. Mission intel Non-compliance is not an option. Non-compliance is costly. Navigating the terrain: Legislative landmarks Key laws and terms to know Lei Complementar No. Beware of penalties.

Tax 52

Tax Non-Profits Technology audit 52

ThomsonReuters

OCTOBER 23, 2024

And in countries that require real-time reporting, non-compliance can prevent the business from operating in those regions altogether. Learn more The post How IT benefits from indirect tax compliance automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Technology 52

Technology Tax Non-Profits audit 52

Going Concern

NOVEMBER 21, 2024

Journal of Accountancy said in April that the ELE program had 38 participants. This is the list of ELE-registered employers as of October 2024: ELE employer list as of October 2024 Download Notice who is suspiciously absent from the above list: the four firms that employ the most accounting graduates on the planet. ” Uh-oh.

CPA 59

CPA Education New Jersey Non-Profits 59

Reckon

FEBRUARY 20, 2025

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. Under the old way, if you returned $416 or less in taxable income, you retained the tax exemption status and provided a non-lodgement form to the ATO. What does self-review mean for Not For Profits?

Non-Profits 52

Non-Profits income tax Tax Government 52

CTP

JANUARY 22, 2025

Many taxpayers may be eligible for savings vessels, such as health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). Since an HRA is not an account, the employee must pay for the expense first and then request a reimbursement by providing proof of your claims like a receipt.

Tax 52

Tax Expense Reimbursements Non-Profits corporation tax 52

Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. The election must be reflected for financial accounting purposes or the books and records of the company as well. For-profit entities can apply clean energy credits against their federal income tax due.

Tax 105

Tax income tax Construction Non-Profits 105

Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

accounting careers 72

accounting careers managerial accounting accountant Account 72

Withum

MAY 20, 2025

Foundation managers should evaluate payout strategies, increase grant distributions or adjust investment strategies to account for the steep new taxes on investment returns. Exempt organizations may see a slight boost in giving from non-itemizers and should educate and remind all donors about this available deduction.

Tax 64

Tax Non-Profits Transportation Education 64

Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms accountant Account accounted 52