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How to address growing skills gap for sales tax compliance

TaxConnex

The use of internal resources still seems the way to go for most companies struggling to meet their sales tax filing and remittance obligations. Staying on top of the ever-evolving sales tax landscape takes constant time and attention. The shortage starts at the highest level of tax compliance and trickles down.

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Effective September 1, You Can Sit For the CPA Exam in Texas With 120 Units

Going Concern

Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Effective September 1, future CPAs can sit for the exam with 120 units of education. December 15, 2023 – Last day to take a section of the current CPA Exam AUD, BEC, FAR, REG.

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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

Jackie Cardello During the panel discussion, “Accounting Across Generations: Assessing the Current State of the Industry,” the question, “What do we have to change to rebuild the talent pipeline in the accounting profession?” Firms are looking at non-traditional hires and non-CPAs. came from a person in the audience.

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ABC Tournament 2nd Round Voting Ends Soon

CPA Practice

The eight brackets comprising 64 “teams”—plus a bonus tax bracket of eight challengers—were revealed by Accounting High on March 18. The Unique CPA Podcast, 371-179 5. The Abundant Accountant defeated 12. Logan Graf/Tax Telegraf, 321-224 4. The Accounting Podcast defeated 13. Accounting High Podcast 4.

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CPA Exam Changes and Pipeline Woes Are a Perfect Storm of Problems For the Profession

Going Concern

And so do professors in accounting programs. The discipline sections replacing BEC are all new: Business Analysis and Reporting (BAR), Tax Compliance and Planning (TCP), and Information Systems and Controls (ISC). Do these sound like subjects many accounting students learn in their typical accounting courses?

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AICPA News – Feb. 2024

CPA Practice

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.