Anders CPA

APRIL 1, 2024

Every industry goes through down cycles, transportation and logistics included: After the pandemic freight boom, we’ve seen gas prices rise, drivers quit, and operators go out of business. Check Hiring and Retention Numbers Drivers are the bread and butter of a transportation business. Do you know your retention rates?

Transportation 64

Transportation Start-ups CPA Account 64

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. It was a mixed Autumn Statement from the Chancellor, which was clearly geared towards capital intensive industries and attracting investment into the UK whilst including some welcome measures which could benefit the Transport & Logistics sector.

Transportation 52

Transportation chartered accountant Tax Government 52

ThomsonReuters

FEBRUARY 2, 2023

QUESTION: Our company has a qualified transportation fringe benefit plan under Code § 132(f) that allows participants to pay for parking, transit passes, and vanpooling on a tax-free basis. Qualified transportation fringe benefit plans may only offer qualified parking, transit pass, or vanpooling. ANSWER: No.

Transportation 97

Transportation Tax Account accountant 97

Katz,Sapper&Miller

JULY 9, 2020

Like many other industries, transportation has been significantly affected by the COVID-19 pandemic. From finding better ways to manage cash flow to adopting new technologies, the crisis has forced transportation companies to undergo a myriad of changes this year in order to survive.

Transportation 56

Transportation Finance Account accountant 56

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

ThomsonReuters

APRIL 7, 2022

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.” Contributing Editors: EBIA Staff.

Transportation 98

Transportation Tax Government Account 98

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.

Transportation 98

Transportation Government Tax Account 98

CPA Practice

OCTOBER 27, 2023

But really, Billy Scherba, CPA, is a carbon accountant. Billy Scherba Carbon accountants help companies understand what data matters to their carbon footprint, how to collect that data in a consistent manner, and how to use it to calculate the greenhouse-gas emissions they’re responsible for.

Account 124

Account accountant accounted Transportation 124

ThomsonReuters

OCTOBER 20, 2022

Qualified Transportation Fringe Benefits. The post IRS Releases 2023 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 97

Transportation Tax income tax Account 97

CPA Practice

MARCH 22, 2023

Thanks to a little-noticed law passed in 2014—the Achieving a Better Life Experience Act (ABLE) Act—a family can set up a tax-favored savings account for a disabled individual. Appropriately enough, these are referred to as “ABLE accounts.” This limitation often shut out deserving people who could benefit from ABLE accounts.

Tax 124

Tax Account accountant accounted 124

Katz,Sapper&Miller

AUGUST 28, 2020

As with all industries, the COVID-19 pandemic has affected the transportation industry in a number of ways. Among the flurry of changes over the past few months, trucking professionals should be aware of the many accounting and tax updates which may impact daily and long-term business operations.

Transportation 53

Transportation Tax Account accountant 53

PYMNTS

MAY 13, 2019

Mastercard and Kisio, a unit of Keolis, are joining forces to make it easier for people to pay for transportation around a city. Transportation providers will be able to let passengers book their trips in one app. As it stands, most city dwellers have to purchase separate tickets for each mode of public transportation. “As

Transportation 66

Transportation Technology New York Account 66

Going Concern

MAY 17, 2023

High school students in the state of New York have the chance to participate in the Career Opportunities in the Accounting Profession program this summer, the deadline to apply is Friday, June 23, 2023 at 11:59pm which you can do at this link. From New York State Society of CPAs: COAP helps you explore what you can do in the accounting field.

New York 91

New York Account accountant accounted 91

Menzies

MAY 10, 2022

Menzies LLP - A leading chartered accountancy firm. Areas within transport & logistics where R&D could be claimed. We have benefitted from their expertise in the Transport and Logistics sector and have been impressed with their collaborative approach. Find out more about our transport and logistics sector specialisms.

Transportation 52

Transportation Tax chartered accountant corporation tax 52

ThomsonReuters

NOVEMBER 11, 2021

Qualified Transportation Fringe Benefits. The post IRS Releases 2022 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 98

Transportation Tax income tax Account 98

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Segregation of accounting duties — having them performed by more than one employee — is critical to reducing both types.

Real Estate 197

Real Estate Construction payroll Transportation 197

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.

Transportation 52

Transportation Government Tax Account 52

CPA Practice

MARCH 18, 2024

AICPA & CIMA are accepting applications for their annual Accounting Scholars Leadership Workshop (ASLW), an event that provides instruction, advice and guidance to diverse college and university students interested in a career in accounting and finance. Applications for the workshop will be accepted through June 15.

Account 69

Account accountant accounted accounting careers 69

MyIRSRelief

MARCH 15, 2023

Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. Accounting & Bookkeeping is one of the most critical aspects of running a successful business, especially in the trucking industry.

tax accountant 130

tax accountant Tax bookkeeping Account 130

ThomsonReuters

NOVEMBER 19, 2020

QUESTION: Our company has a qualified transportation plan that allows employees to purchase parking and transit benefits with pre-tax compensation reductions. How can we help those employees avoid losing amounts they have set aside to purchase transportation benefits? Many plans fully incorporate this flexibility. No refunds.

Transportation 52

Transportation Tax Government Account 52

Katz,Sapper&Miller

APRIL 3, 2020

In this webinar conversation, hosted by the American Trucking Associations (ATA) National Accounting & Finance Council (NAFC) April 7 from 2:00-3:00 p.m.

Transportation 54

Transportation accounting and finance Finance Account 54

PYMNTS

JUNE 3, 2020

To speed up fleet and billing functions for truck drivers as well as back-office staffers, mobile capture and workflow technology company Vector has teamed with transportation management software firm McLeod Software , according to an announcement.

Transportation 52

Transportation Technology Account accountant 52

Xero

JUNE 6, 2022

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. The post Decarbonisation: What’s in it for accountants and bookkeepers? appeared first on Xero Blog.

bookkeeping 96

bookkeeping Account accountant accounted 96

Katz,Sapper&Miller

AUGUST 22, 2017

The significant growth Hartt Transportation Systems, Inc. Hartt Transportation), a 65-year old dry van carrier operating in the U.S. and Canada, was experiencing led them to search for a new accounting, tax, and consulting firm with a deep knowledge of the transportation industry.

Transportation 40

Transportation Tax Account accountant 40

Katz,Sapper&Miller

OCTOBER 4, 2019

Recent changes to two accounting standards, revenue recognition and leases, will have a significant impact on financial reporting in the transportation industry.

Transportation 44

Transportation accounting standards Account accountant 44

Going Concern

SEPTEMBER 11, 2023

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. Heredia, 29, started an accountant job at a small Tampa, Florida firm, with the promise that her $60,000 base salary would rise to $100,000 after one year. He passed over to his wife a £1.78 million

Account 101

Account accountant accounted audit 101

TaxConnex

DECEMBER 8, 2022

When goods are not transported, the general place of supply is where the goods are physically located at the time of supply. When the goods have been dispatched or transported, it’s where the transportation begins. This is VATs’ equivalent of U.S. nexus rules.). The place of supply is France.

Tax 194

Tax Transportation Sales Maine 194

xendoo

JUNE 11, 2022

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. Without a deep understanding of your accounts payable and receivable, you could face costly setbacks.

accounts payable 71

accounts payable Account accountant accounted 71

Katz,Sapper&Miller

SEPTEMBER 24, 2018

Under current revenue recognition standards, transportation companies generally recognize revenue upon delivery of freight to the customer. Related transportation and delivery expenses directly associated with the shipments are recorded once the revenue is recognized. 2014-09, Revenue from Contracts with Customers (Topic 606).

Transportation 40

Transportation accounting standards financial accounting Account 40

Going Concern

NOVEMBER 14, 2022

Deloitte has been awarded a $199,600 contract to work on a public transportation system plan for the Cayman Islands. accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed listed casino businesses operate.

Account 57

Account accountant accounted auditor 57

Basis 365

JULY 27, 2023

Inventory management plays a significant role in eCommerce accounting, so let's review its impact on various aspects of the business. Accurate Financial Reporting: Proper inventory management is essential for accurate financial reporting in eCommerce accounting.

E-commerce 52

E-commerce Account accountant accounted 52

PYMNTS

MARCH 1, 2018

Here are the numbers: 270 million | Number of bank accounts opened using the Aadhaar payments app, according to analyst estimates, meaning more transacting and banking is being done outside the traditional system. workforce by 2020.

Transportation 40

Transportation tax return accounts payable financial statements 40

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 108

CPA Account accountant accounted 108

Going Concern

JUNE 15, 2023

Prior to 2007 I had little idea the accounting profession existed. Let’s quickly transport ourselves back to 2001: Under the AICPA plan, professionals who possess the XYZ credential will have specific integrative competencies, professional competencies, and cross-disciplinary knowledge.

Account 57

Account accountant accounted Education 57

TaxConnex

NOVEMBER 28, 2023

You may also need to file other declarations, mainly relating to cross-border trade in goods, on such information as type and weight of goods, mode of transport and country of origin, among other details. GST/HST is registered under one account, and the province of a customer’s residence dictates what sales tax rate to charge.

Sales 208

Sales Tax Transportation Maine 208

Menzies

MAY 22, 2024

Menzies LLP - A leading chartered accountancy firm. In the evolving and increasingly competitive landscape of the transport industry, fleet management is important. Considering depreciation as more than just an accounting entry is crucial in the transport and logistics industry.

Transportation 52

Transportation chartered accountant accounting firms Account 52

Cherry Bekaert

MAY 9, 2024

However, firms that are growing or are seeking growth by winning government contracts and working with State Departments of Transportation (DOTs) in particular may benefit from having an overhead rate audit performed. Typically, startup and small A&E firms do not have the relevant contract cost history to develop an overhead cost rate.

audit 115

audit auditor Transportation Government 115