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 accounted accountant 124

Anders CPA

AUGUST 19, 2024

The two big groups of expenses are purchased transportation and operating expenses, and each can be subdivided into several more categories. If you have a line of credit or a loan, you’ll also want to account for the cost of money. How much is typically spent on purchased transportation? Transportation moves fast.

Transportation 52

Transportation bookkeeping financial statements Education 52

Going Concern

AUGUST 1, 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 67

Real Estate Account accounted accountant 67

Going Concern

SEPTEMBER 26, 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 57

Account accounted accountant cpa firm 57

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 accounted accountant Transportation 124

Anders CPA

SEPTEMBER 16, 2024

The transportation industry has endured a lot in these past few years, but a wise colleague of mine once said, “Prepare to endure, endure. There will likely be a big difference between accounting reports and tax reports, depending on depreciation. The end of Q3 is the perfect time to look back at the past year and ahead to the future.

Transportation 64

Transportation Tax accounting and finance tax planning 64

Menzies

NOVEMBER 2, 2023

Menzies LLP - A leading chartered accountancy firm. Menzies’ Scott Bright has a unique insight into businesses operating in the evolving Transport and Logistics sector, which is having to respond to changing market pressures. Some companies will have both the operational and accounting functions within the same software.

Transportation 59

Transportation Technology accounting and finance accounting software 59

Anders CPA

JUNE 10, 2024

In a capital-intensive industry like transportation and logistics, a strong relationship with your financial institution can improve your bottom line by generating thousands of dollars of profit or enabling you to negotiate a better interest rate or a higher line of credit. Get Clean Financials Bankers speak the language of accounting.

Transportation 59

Transportation accounting principles accounting and finance financial statements 59

Going Concern

JULY 11, 2024

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! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accounted accountant 57

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

Going Concern

AUGUST 22, 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 accounted accountant 57

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Meet our Transport and Logistics specialists For more budget commentary click here. The post Spring Budget 2024 – Transport and Logistics Sector Commentary was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

Transportation 52

Transportation chartered accountant Manufacturing Tax 52

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 accounted 56

Anders CPA

MAY 13, 2024

A net income sheet that has more ups and downs than an amusement park usually means one thing: The company’s bookkeeper is not using GAAP – generally accepted accounting principles. What does that look like for a transportation company? I know that plenty of well-run transportation and logistics companies do their bookkeeping in house.

Transportation 52

Transportation accounting principles bookkeeping Gaming 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 accounted Account 97

Going Concern

JUNE 27, 2024

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 skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 52

Real Estate Account accounted accountant 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 accounted accountant accounting careers 69

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 accounted 53

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 accrual accounting general ledger Account 71

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 accounted 98

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 accounted 98

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 93

bookkeeping Account accounted accountant 93

Mark Lee

AUGUST 20, 2024

This is a perennial question and one where I have shared my views with hundreds of accountants over the years. For balance I have also shared the most enthusiastic comments from accountants responding positively to the same question. I know some accountants who love their local BNI group. Annual subs.

Account 52

Account accounted accountant bookkeeping 52

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 109

CPA Account accounted accountant 109

Cherry Bekaert

SEPTEMBER 13, 2024

He also understood the efficiencies leveraging technology could bring to the accounting operations he oversaw. Along with outsourcing certain functions to platforms, like payroll to ADP, CVSA opted to engage Cherry Bekaert’s Accounting Services team to establish greater continuity of its accounting operations.

payroll 52

payroll Account accounted accountant 52

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

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 accounted accountant Education 57

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 accounted accountant auditor 57

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 180

Real Estate Construction payroll Transportation 180

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 accounted 66

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 accounted accountant 52

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. The recent Budget has painted a mixed picture for the Transport and Logistics sector. Our Transport & Logistics Team have summarised the key changes that will impact the T&L Sector. On the positive side, the freeze in fuel duty is a relief for road haulage businesses.

Transportation 45

Transportation chartered accountant Maine Tax 45

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

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

DECEMBER 19, 2023

Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. From staying informed on ESG trends and regulations to identifying green tax breaks, more and more businesses are turning to accountants for ESG reporting and compliance. Identify ESG-related tax incentives.

Tax 52

Tax Account accounted accountant 52

Going Concern

AUGUST 18, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting firm said it will challenge the finding. “We This is according to a recent survey conducted by accounting firm network Moore Global. PwC Will Appeal $65.5

Account 98

Account accounted accountant accounting and finance 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 52

Transportation Government Tax accounted 52