CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. Thank you to the more than 5,500 readers who participated in voting this year. Now, on to the results! WINNER: TheTaxBook – Tax Materials Inc.

Technology 69

Technology accounting firms cpas Account 69

ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

Gambling 105

Gambling Sports Legal Tax 105

Going Concern

MARCH 21, 2023

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. It isn’t just another game, it’s a different sport.

Account 103

Account accountant accounted tax return 103

Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

Account 103

Account accountant accounted audit 103

Going Concern

SEPTEMBER 29, 2023

But experts say one thing that young professionals can do, including young accountants, is to be more patient. Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or

accounting careers 125

accounting careers Account accountant accounted 125

CPA Practice

JUNE 6, 2023

Lara Abrash, CPA 2023 Most Powerful Women in Accounting Chair and Chief Executive Officer Deloitte & Touche LLP, US How do you envision the accounting profession evolving in the foreseeable future for women? The accounting profession is at a pivotal moment. Our strategy is rooted in data and feedback from our people.

CPA 52

CPA Account accountant accounted 52

Going Concern

JULY 18, 2022

In an interview with the Financial Times, PwC’s Bob Moritz said that keeping audit and advisory arms together was essential to attract staff and that the benefits of the model outweighed the difficulty of managing the risk of conflicts of interest between the two divisions. Are accounting firms walking back remote work?

Account 59

Account accountant accounted audit 59

Menzies

MAY 13, 2024

Menzies LLP - A leading chartered accountancy firm. Menzies isn’t just a leading firm of accountants, finance, and business advisors—we’re a community of passionate professionals dedicated to excellence, balance, and cultivating a vibrant workplace culture.

chartered accountant 52

chartered accountant payroll audit Sports 52

Going Concern

DECEMBER 18, 2023

Hope you all are getting some good rest and merriment in the coming days, we’ll be on a low posting schedule next week with a few new things here and there should you be one of those weirdos who reads accounting news on holidays. Big Four Accounting Firms Overhired. The accounting firm is laying off dozens of U.S.

Georgia 59

Georgia Account accountant accounted 59

PYMNTS

AUGUST 12, 2019

Business email compromise has come to high school sports. The scheme apparently unfolded the way many BEC scams do — with a fraudster posing as a legitimate vendor, and where payments had been wired into scammers’ bank accounts. percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7

Sports 59

Sports Real Estate accounts payable audit 59

MyIRSRelief

FEBRUARY 8, 2023

They can also help to ensure that your return is accurate and free from errors, which can avoid the risk of audits and fines from the Internal Revenue Service (IRS). This may involve working with a tax attorney, certified public accountant (CPA), or enrolled agent (EA). Contact us today for all you tax needs.

tax services 130

tax services Tax tax preparation tax planning 130

Going Concern

JUNE 12, 2023

Funny enough Reddit is completely down this morning so I can’t confirm r/accounting is MIA. KPMG on the UK economic forecast via The Guardian : A new report by the accountancy firm KPMG has found that the economy has enjoyed a better start to the year than it had thought, and is now expected to grow by 0.3%

Account 52

Account accountant accounted audit 52

Going Concern

OCTOBER 13, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. It will not meet CPAB’s target for an audit firm to have significant findings in less than 10 per cent of its 2023 examined audits. The same firm also failed to meet the target in 2022.

audit 114

audit Washington Non-Profits Sports 114

Accounting Today

JULY 18, 2022

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Sports 70

Sports audit Account accountant 70

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks 130

quickbooks payroll Technology audit 130

KROST

FEBRUARY 9, 2021

Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments. As an AICPA certified Fundamental Client Accounting Advisor, Stacey leads KROST’s Client Accounting Service (CAS) division. About About Stacey.

cpa firm 81

cpa firm CPA Entertainment Sports 81

KROST

FEBRUARY 23, 2022

Did you know that we provide Client Accounting Services (CAS)? CAS can be a cost-effective way to have high-level financial reporting without having to hire a team of Certified Public Accountants and accounting professionals. At its core, CAS is a shift from traditional compliance-based accounting to a 360-advisory mindset.

Account 52

Account accountant accounted Entertainment 52

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

auditor 106

auditor audit accounting firms accounting and finance 106

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S.

auditor 103

auditor audit Virginia Technology 103

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 103

audit Colorado CPA Texas 103

Going Concern

SEPTEMBER 14, 2023

Despite the proposed audit and consulting split falling apart and leaving a $500 million dollar hole in the firm’s pocket, they still had “one of the most successful years in the history of the organization with record global revenues and continued significant growth.” As we all know, EY had a tough year. in US dollars). .”

audit 106

audit Sports Tax Technology 106

PYMNTS

MAY 16, 2018

Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. Around 20 states have already passed laws or have pending legislation around online gaming and sports wagering. Caveat Emptor.

Sports 40

Sports Gambling Gaming Legal 40

Withum

FEBRUARY 1, 2022

The SportsTech sector has some notable companies that went the SPAC transaction route including DraftKings, Rush Street, and Genius Sports. billion deal closed in December 2020 Genius Sports – $1.5 This accounted for gross proceeds of $162.4 DraftKings – $3.3 billion deal closed in April 2021. billion in 2021.

audit 69

audit Sports Technology financial statements 69

Going Concern

JUNE 9, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Big 4 Should scandal plagued PwC take the lead and split its advisory unit off from auditing? PwC’s brand had already taken another drubbing earlier in the day at the Senate consultants inquiry.

audit 87

audit auditor Virginia accounting and finance 87

CPA Practice

JUNE 6, 2023

The New Jersey Society of Certified Public Accountants (NJCPA) will host its 2023 Convention & Expo, themed “Breaking Through,” at the Borgata in Atlantic City June 13-16.

New Jersey 52

New Jersey CPA cpas Washington 52

Withum

NOVEMBER 1, 2022

The clear excitement of investors presents new challenges and opportunities for accounting and consulting services to tackle a multitude of issues surrounding the industry, from controls surrounding tournament integrity to wealth management services for prosperous athletes. Author: Michael Pahira , CPA | mpahira@withum.com. Contact Us.

Entertainment 72

Entertainment Gaming Sports audit 72

Going Concern

JULY 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. News Battle accountancy firm urges others to offer opportunities to Ukrainian professionals after successful placement [ SussexWorld via Yahoo! Six new search filters, including Part I.A

audit 91

audit Tax Manufacturing Government 91

Ronika Khanna CPA,CA

DECEMBER 9, 2021

Sending a diamond bracelet to a customer who has purchased something from you once, will very likely be audited and disallowed. It is best practice to indicate the nature of the business purpose on the receipt for the gift or as a memo in your accounting software.

Entertainment 52

Entertainment tax return audit auditor 52

KROST

JANUARY 26, 2021

Paren Knadjian ( Practice Leader, M&A, and Capital Markets ), Stacey Korman, CPA ( Principal ), Sossi Bekarian, CPA ( Senior Manager ), and Jeff Kamin, CPA ( Manager, Accounting, ERTC ) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. Accounting , Sports & Entertainment.

Entertainment 61

Entertainment CPA Manufacturing accounting and finance 61

CTP

FEBRUARY 29, 2024

American gaming has boomed since sports betting and online gambling were legalized. So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. Gamblers are self-employed professionals.

Gambling 105

Gambling Tax Account accountant 105

PYMNTS

AUGUST 8, 2019

PwC first began its review in June, reports said, with its Head of Audit Hemione Hudson telling the publication that the company aims to “ensure we achieve a return that allows continual investment in and focus on quality.” If a company’s books aren’t properly examined, people’s jobs, pensions or savings can be at risk.”.

auditor 40

auditor audit Sports Retail 40

KROST

FEBRUARY 16, 2021

Accounting , Sports & Entertainment. Stacey Korman is the Accounting Principal at KROST. Stacey has extensive experience in assurance , advisory , and accounting services, with an emphasis on middle-market companies and high net worth individuals. Stacey Korman, CPA, MST, Principal. Philip Clark, CFP®, Director.

CPA 52

CPA Real Estate Tax Entertainment 52

inDinero Tax Tips

AUGUST 29, 2023

This goes for concert tickets, sporting events, or other forms of entertainment for clients. You want to save every dollar that is rightfully yours, but on the other hand, there’s always the looming question of “What if I get audited?” However, you’ll notice a common theme throughout this list. Personal expenses are not deductible.

Tax 95

Tax Entertainment Real Estate bookkeeping services 95

PYMNTS

DECEMBER 14, 2018

A survey released this week from AppZen showed that vertical — which is comprised, at least in part, by accountants and financial advisors, among others — have expenses rejected most often upon their submission.

Sports 46

Sports Technology Expense Management Manufacturing 46

Withum

MAY 24, 2022

Take for example pick-up trucks and full-size sport utility vehicles. Mundane steps such as taking a physical inventory, surprise audits on behalf of the lender, and observing appropriate documentation when it is required, should not be forgotten or overlooked. per gallon as when it was $2.50 per gallon?

Sports 52

Sports audit Sales Start-ups 52

PYMNTS

FEBRUARY 19, 2020

We’re referring to transport, of course – and tourism , sporting events and one-off gatherings that are now shuttering. In accounting terms, that means eyeing possible write-downs of assets, and “write-ups” of liabilities. In one example, perhaps an extreme one, government takeovers may be in the offing.

Hospitality 56

Hospitality Real Estate auditor Sports 56

ThomsonReuters

JANUARY 14, 2022

Searches on the topic of health insurance ranged from the taxation of employer-paid premiums to flexible spending accounts, health savings accounts, and medical savings accounts. . Searches also included questions regarding appeals, audits, and who is a “responsible person.” Health insurance.

payroll 94

payroll payroll tax Tax Education 94