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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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New National Research on CPA Pipeline Challenges Underway

CPA Practice

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.

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State CPA Society News & Updates – Dec. 2023

CPA Practice

The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning. The Mississippi Society of Certified Public Accountants (MSCPA) has published the details of the MSCPA Annual Convention. The webinar, which will take place over Zoom, on January 24, 2024.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

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.

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

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.

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Rand Paul holding up U.S.-Taiwan tax legislation

Accounting Today

The Kentucky senator plans to block legislation to reduce double taxation for those involved in U.S. and Taiwan cross-border investment.