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What Would You Like to See Tested on the CPA Exam?

Going Concern

With the completely redesigned CPA exam only 514 days away, there’s been a lot of discussion around the proposed Blueprints and questions about whether or not this content aligns with CPA Evolution’s stated goal of maintaining the relevance of the CPA credential. CPAs don’t need both. It’s 1 or the other.

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CPAs Should Get Into Weed, Says CPA Into Weed (As a Business, That Is)

Going Concern

This recent Journal of Accountancy article. One CPA on the forefront of cannabis as a specialization has some sage advice for accountants looking to break in to this market: “This niche is in its infancy. So how do CPAs get into this niche? “I tell everyone, 7 out of 10 Americans want legal cannabis.

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Accountant Vs. Controller: What's the difference?

Basis 365

Structuring your accounting infrastructure can be daunting, no matter how big or successful your company is. Companies often ask about the differences between accountants and controllers. Although the roles are different, they are integral to any accounting team. What is an accountant? What is a Controller?

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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2%

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Gaining More Value with Virtual Accounting

AccountingDepartment

The end of the year is a great time to review your accounting practices. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. Having an internal accounting team usually costs more.

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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Under German law, Apas can only probe and sanction potential misconduct by active accountants who are enrolled in the country’s register of public accountants. 9 focusing on its financial and cost accounting controls, it said Thursday in its 10-K. He did not have a CPA license.

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

By Samantha Schafer, CPA. 147 ensured that these critical costs incurred by cannabusinesses be classified as deductibles for income tax purposes. That’s why if cost accounting wasn’t a major priority for these owners prior to IRC Sec. Thinking that only dispensaries have to worry about taxes to their cannabusiness?

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