Going Concern

FEBRUARY 7, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The accounting software company surveyed 2,000 U.S. As he usually does, U.S.

cpas

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll

TaxConnex

FEBRUARY 28, 2023

Kentucky is the latest in terms of taxing specific services. Businesses without a sales and use tax account must apply for one. Kentucky has also released a “Sales Tax Facts” sheet detailing some now-taxable services. The Bluegrass State looks to expand sales tax on what it calls high-growth services.

Kentucky

Going Concern

JANUARY 20, 2023

Kentucky’s largest accounting and advisory firm* announced on Tuesday they will be relocating their primary office in Louisville to the fancy PNC Tower at 101 South 5th Street this coming spring. did not fact check this, just going to trust the press release because if you can’t trust accounting firms who can you trust ya know?

Kentucky

CPA Practice

JULY 8, 2024

TNS) The IRS announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, 2024. 2023 contributions to IRAs and health savings accounts for eligible taxpayers. By Janie Slaven, The Times-Tribune, Corbin, Ky.

Kentucky

CPA Practice

APRIL 9, 2024

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.

payroll tax

TaxConnex

DECEMBER 14, 2023

Professional services” comprise legal work, medical care, accounting and other services from licensed specialists. Ditto Kentucky , which as of this year applied its sales and use tax to more than 30 additional service categories, including bodyguarding, repo work and interior decorating and design.

West Virginia

CPA Practice

OCTOBER 23, 2023

Top 40 accounting firm LBMC, which is based in Brentwood, TN, is merging in Louisville-based CPA firm Strothman & Co. team further enhances our service offerings and allows us to expand our Kentucky presence, where we currently serve over 100 clients across the state.” Financial terms of the deal were not disclosed.

Kentucky

PYMNTS

MARCH 18, 2020

The card, which is directly connected to client accounts, lets clients instantly change their digital currency balances to fiat that they can spend at merchants around the globe. CoinZoom has officially rolled out an exchange and a CoinZoom Visa card, according to an announcement.

Kentucky

CPA Practice

NOVEMBER 21, 2023

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. Stivers has had prior legal trouble over his actions as an accountant. The charges are punishable by up to three years in prison each.

Kentucky

TaxConnex

APRIL 19, 2022

Accounting and consulting firm BDO has an excellent article on this.). Other states such as Georgia , Kentucky and Wyoming have floated sales tax incentives or exemptions for such things as data center equipment purchases or the costs of electricity. As often happens with sales tax, the answer depends from state to state.

Sales

TaxConnex

JUNE 9, 2022

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Kentucky has enacted multiple tax changes , including expansion of the services subject to sales and use taxes. Time for a renovation?

Sales

Katz,Sapper&Miller

APRIL 9, 2017

JC Wilkinson, a director in Katz, Sapper & Miller’s Business Advisory Group, will present at the Kentucky Society of Public Accountants Spring Business Conference.

Kentucky

CPA Practice

NOVEMBER 28, 2023

The firm will operate as Dean Dorton and provide accounting, business advisory, and professional services to clients from offices in North Carolina, Indiana, Ohio, and Kentucky. Established in 1946, VonLehman is a full-service CPA and business advisory firm with offices in Kentucky, Ohio, and Indiana.

North Carolina

CPA Practice

NOVEMBER 22, 2023

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. Stivers has had prior legal trouble over his actions as an accountant. The charges are punishable by up to three years in prison each.

Kentucky

MyIRSRelief

MAY 24, 2023

When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.

North Carolina

CPA Practice

OCTOBER 5, 2023

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

CPA

MyIRSRelief

MAY 24, 2023

When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.

North Carolina

ThomsonReuters

AUGUST 29, 2023

million in penalties and conducted more than 500 child labor investigations affecting nearly 2,900 minors in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee. From fiscal year 2020 through 2022, the division assessed employers more than $2.8

South Carolina

PYMNTS

JANUARY 13, 2020

The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account. According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe.

B2B

CPA Practice

AUGUST 26, 2024

For too long, accountants and their clients have been operating out of alignment. Collaborative Accounting is the path, and this eBook will start you on your journey. Do you want more time for the deeper advisory work that matters to you and to your clients but aren’t sure how to get there?

Rhode Island

CPA Practice

OCTOBER 23, 2024

See how top accounting firms have reduced Days Sales Outstanding (DSO) and saved time by modernizing their payment workflow. Discover time-tested tips for accelerating your Accounts Receivable (A/R) cycle and getting paid faster. Learn exactly where and how to automate your client touchpoints to improve relationships quickly.

Rhode Island

CPA Practice

SEPTEMBER 9, 2024

Taxpayers can securely log into their IRS Online Account or use IRS Direct Pay to submit a payment from their checking or savings account. The Payments page on IRS.gov provides complete tax payment information, how and when to pay, payment options, and more. 1, 2024, to make their estimated tax payment.

West Virginia

Going Concern

OCTOBER 20, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.

CPA

TaxConnex

JANUARY 26, 2023

Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Crystal ball time.

Sales

PYMNTS

OCTOBER 29, 2020

Unemployment numbers don't take into account the people who have simply stopped looking for a job. During the week ending Oct. The federal program that pays benefits to gig workers, freelancers, contractors and part-timers is scheduled to lapse at the end of the year without additional congressional aid.

Rhode Island

CPA Practice

JANUARY 17, 2024

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

North Dakota

PYMNTS

JUNE 14, 2020

Nistor and the other defendants, including the owner of a car wash, pled guilty in the Eastern District Court of Kentucky. The ringleader was reportedly a Bucharest-based car wash owner, Bogdan-Stefan Popescu, who would transfer the illicit funds out of bitcoin and into bank accounts under the names of friends and family.

Kentucky

MyIRSRelief

JULY 3, 2023

Certified Public Accountants (CPAs): CPAs are licensed accountants with expertise in tax matters. Tax Attorneys: Tax attorneys are lawyers who specialize in tax law. They are qualified to represent clients in tax-related matters and provide legal advice during an audit.

audit

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

Rhode Island

RitaKeller

JULY 15, 2021

Last week we did a road trip (the first one since COVID) and visited Lincoln’s birthplace in Kentucky (and Jefferson Davis’ birthplace, also in Kentucky). Now, think back on the history of your accounting firm. At Gettysburg, you, of course, think of Lincoln. Here’s the memorial at Lincoln’s birthplace.

Kentucky

CPA Practice

SEPTEMBER 27, 2024

Top 200 accounting firm Barnes Dennig and Indianapolis-based Greenwalt CPAs are combining, effective Jan. The combined firm will have about 215 employees and five offices in three states: Ohio, Indiana, and Kentucky. 1, 2025, expanding services for clients of both organizations.

cpas

PYMNTS

JUNE 27, 2016

Reports Thursday (June 23) said OnDeck has launched its Accountant Advisor Program , a service that helps professionals accountants arrange financing for their SME clients. While the tool initially launched in March , reports said OnDeck expanded this aspect of its operations this month across Kentucky, Florida and Alabama.

Account

TaxConnex

DECEMBER 29, 2022

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. Government Accountability Office of just how well states had done since Wayfair four years before: 33 states had reported $23 billion in remote sales tax revenue in 2021. Conveniently popular’.

Sales

Going Concern

SEPTEMBER 19, 2024

According to INSIDE Public Accounting , ATA will retain majority control and no leadership shakeups are expected. According to ATA’s website, the firm has 25+ partners and 200+ staff in multiple offices across Tennessee, Kentucky, Arkansas, and Mississippi. “In It appears this is the first accounting firm in their portfolio.

Mississippi

PYMNTS

MARCH 10, 2020

With a nod toward the “ fake account ” scandals that have dominated headlines over the past few years, Waters stated it was not clear whether Wells Fargo is “ready to be ‘America’s bank.’”. Andy Barr, Republican of Kentucky, asked if Scharf, who has a long tenure in senior banking roles, might see Wells as being too big to manage. “No,

North Carolina

Katz,Sapper&Miller

SEPTEMBER 30, 2019

17-18 in Sandusky, OH, the conference brings together the Indiana, Michigan, Ohio, and Kentucky chapters of The ESOP Association to discuss current topics pertinent to the ESOP community. Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will present at the Fifth Annual Great Lakes Regional ESOP Conference. Taking place Oct.

Kentucky