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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.

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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

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California Medical Worker Minimum Wage Increase Beginning June 1, 2024

LSLCPAs

California Senate Bill 525 requires certain healthcare employers in California to raise essentially all staff, including clerical and support staff, to a new minimum wage starting June 1, 2024. The post California Medical Worker Minimum Wage Increase Beginning June 1, 2024 appeared first on LSL CPAs.

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Friday Footnotes: KPMG Hires Ex-Prisoners; Notes From PwC’s All-Hands; Why CPAs Are Leaving | 4.26.24

Going Concern

Accountant Shortage PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] Accounting firm business models need to change to retain and attract CPAs amid the worst talent shortage in recent history, the Pennsylvania Institute of Certified Public Accountants (PICPA) asserts in a new survey.

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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. The findings provide invaluable insights the CPA profession and its stakeholders cannot ignore while trying to counter the persistent decline in the number of individuals pursuing the CPA credential.

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Seize the Opportunity Around California and the SEC’s New Carbon Reporting Requirements

Cherry Bekaert

By proactively embracing California and the SEC’s new carbon reporting rules, businesses can not only achieve compliance but also contribute to a more sustainable and resilient future. There are tangible business benefits to measuring and reporting emissions,” says Gabriela Payne, Senior Manager, Risk & Accounting Advisory Services.

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AICPA Foundation Awards $400,000 in Accounting Doctoral Scholarships

CPA Practice

The American Institute of CPAs (AICPA) Foundation has granted fellowships to 25 minority doctoral students as part of the AICPA Fellowship for Minority Doctoral Students. This initiative aims to enhance racial and ethnic diversity and inclusivity among accounting educators in colleges and universities.

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