Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. But what about the books of the auditor?

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CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

Texas 114

Texas Georgia accounting and finance Virginia 114

Going Concern

APRIL 26, 2024

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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LSLCPAs

DECEMBER 17, 2021

The Financial Accounting Standards Board FASB rejected the Pennsylvania Institute of CPA’s (PICPA) request for a two-year extension of the lease accounting standard’s due date. The post FASB Votes Against Extending the Lease Accounting Standard Due Date appeared first on LSL CPAs.

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Going Concern

FEBRUARY 26, 2024

National Review wins for best headline : The PCAOB has released EY Canada’s latest inspection report, they got a D : Big Four accounting firm Ernst and Young had multiple deficiencies in half the audits inspected by the Public Company Accounting Oversight Board in the United States in 2022. deficiencies).

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CPA Practice

JULY 12, 2023

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting profession. in accounting. Wei is a member of the Accounting and Auditing, the Quality Control and Peer Review, and the SEC committees at the NYSSCPA. in accounting and economics, and his M.B.A.

Pennsylvania 52

Pennsylvania Maryland New York accounting and finance 52

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. We are thrilled to be collaborating with Google to offer our student customers enhanced digital bank accounts,” Luvleen Sidhu , BankMobile’s co-founder and CEO, said on Monday (Aug. Six additional U.S.

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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. 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.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

JUNE 5, 2023

The Society will award the $5,000 scholarship each year to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts. The Delaware Society of Certified Public Accountants (DSCPA) is offering the Delaware Ethics for CPAs course. Check out DSCPA.org for more information or to register online.

CPA 111

CPA Delaware Oklahoma Massachusetts 111

Going Concern

JULY 8, 2022

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Accountant sentenced to prison for role in doctor-bribery scheme [ Press-Telegram ]. She misappropriated $384,363.28 between October 2012 and March 2016.

North Carolina 52

North Carolina Account accountant accounted 52

Withum

SEPTEMBER 25, 2023

Learn how Withum helped a healthcare client optimize realtime reporting, internal controls, scalability and automation while improving efficiencies within their finance department. They have an exclusive partnership with healthcare networks in New Jersey and Pennsylvania. Download a PDF of this case study.

Healthcare 52

Healthcare Technology accounting and finance New Jersey 52

TaxConnex

JANUARY 27, 2022

According to TaxConnex’s recent market survey of 100 top finance professionals, most respondents (79%) say their growth plan for the next 12 months involves hiring employees out of state (as well as acquiring customers or otherwise increasing the number of states in which they’ll need to collect and file sales tax). Long term, U.S.

Sales 162

Sales E-commerce Tax Florida 162

Going Concern

MAY 5, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. The gap widens again at the upper levels. Pajamas forever!

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CPA Practice

AUGUST 15, 2023

She is a Certified Public Accountant licensed to practice in California and North Carolina with many years of experience as a tax preparer using Drake Tax®. Ann is a graduate of the Wharton School at the University of Pennsylvania. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

Tax 52

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PYMNTS

JULY 26, 2020

trillion in accounts receivable data from industries in North America. Among its top competitors are Florida-based Cortera, Universal Credit Services in Pennsylvania and Colorado’s Advantage Credit, according to Owler.com. Ansonia, which specializes in transportation, logistics, and invoice receivables, said it has more than $1.3

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Transportation Pennsylvania Florida accounting and finance 66

PYMNTS

MARCH 26, 2020

Challenger bank NorthOne revealed its own SMB coronavirus support initiative, announcing that it will waive all account fees for SMBs most affected. Pennsylvania Offers State-Level Support. SMBs in supplement to separate measures, like the British Business Bank Coronavirus Business Interruption lending Scheme.

Pennsylvania 69

Pennsylvania Wyoming Kansas Colorado 69

CPA Practice

OCTOBER 23, 2023

The interim report highlights four small businesses leveraging SSBCI funding, including a consultancy supporting the Latino community in Pennsylvania, a woman-owned telehealth startup in Maryland, and a Tribal LLC in Alaska. In Wichita, Kansas, SSBCI helped fund WorkTorch – a pioneering career platform for service workers.

Kansas 98

Kansas Michigan Vermont Manufacturing 98

Going Concern

MARCH 15, 2024

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. Accounting giant renews lease in downtown S.F. —

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Xero

SEPTEMBER 21, 2022

Marisa Poster and brothers, Teddie and Levi Levenfiche, all of whom worked long hours in finance and were particularly reliant on coffee and energy drinks, grew tired of the inevitable comedown. . After graduating from the University of Pennsylvania , Teddie moved into the world of management consulting while Levi turned to real estate.

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Going Concern

OCTOBER 7, 2022

Big 4 accounting firms reap record-high revenues [ The Korea Times ]. The big four accounting firms in Korea posted all-time-high annual revenues last year, due mainly to double-digit year-on-year growth rates recorded in M&As and consulting services. Accounting Firm’s Counterfeit Claim Fails in Similar Name Suit [ Bloomberg Law ].

Illinois 94

Illinois CPA audit tax return 94

inDinero Accounting

DECEMBER 5, 2023

The IRS defines a qualified trade or business as any field other than the following: Health Law Engineering Architecture Accounting Actuarial science Performing arts Consulting Athletics Financial services Brokerage services Farming Hotels Motels Restaurants Finally, businesses reliant on the reputation of an owner or employee, don’t qualify.

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PYMNTS

FEBRUARY 24, 2020

Separate research from Coveware found companies paid an average of $84,116 to recover their files in Q4 2019, reports said, adding that public entities accounted for about one-tenth of 2019’s cases. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Tax 65

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PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. New scrutiny has hit a Pennsylvania public transport authority, SEPTA, with sources telling The Philadelphia Inquirer that allegations of fraud have led to involvement by the Federal Bureau of Investigation.

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B2B Pennsylvania accounting and finance Transportation 62

CPA Practice

AUGUST 31, 2023

Add the retirement conversation to your advisory agenda : Often, clients don’t know what to expect from their accountant or an advisory relationship. Advise your client throughout the year on strategies such as estimated tax payments, early withdrawals from retirement accounts, and the max income limits to qualify to contribute to a Roth IRA.

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PYMNTS

NOVEMBER 4, 2019

. $600,000 was reportedly stolen by a Canadian bookkeeper , who was found to have taken advantage of the fact that the company’s president, Robert George, signed blank checks for the bookkeeper to make payments in accounts payable and payroll. 777 million was stolen from U.K. 777 million was stolen from U.K.

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PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Time will tell.

Pennsylvania 76

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PYMNTS

MAY 1, 2018

To make the deliveries possible, Mast’s team journeys to local farms and bakeries to pick up the products before bringing them to consumers within three counties in Pennsylvania. Beyond consumers, Doorstep Dairy also delivers to commercial accounts such as coffee shops and delis. They’re going to tell somebody about it. The Road Ahead.

Pennsylvania 44

Pennsylvania Gambling accounting and finance Retail 44

CPA Practice

JULY 18, 2023

Pennsylvania : Charges for the shipping and handling of taxable goods are generally subject to Pennsylvania sales tax whether separately stated or included in the sale price. She’s on a mission to uncover unusual tax facts and make complex laws and legislation more digestible for accounting and business professionals.

Sales 98

Sales Retail Tax West Virginia 98

Snyder

JUNE 9, 2022

States with flat income tax : Colorado Illinois Indiana Kentucky Massachusetts Michigan North Carolina Pennsylvania Utah. Step 1: Collect accounting records. The biggest challenge here is to reconcile this data with reports from your checking bank account. This is when online accounting tools can really help.

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PYMNTS

NOVEMBER 14, 2016

The Bureau’s research embraced data from millions of general credit card accounts, accounting for roughly 25 percent of the U.S. Such decision making, of course, leads to longer times to pay off the debt, and consumers spend more time paying off interest.

Pennsylvania 46

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PYMNTS

SEPTEMBER 7, 2016

An ongoing lawsuit in Pennsylvania accuses McDonald’s and its payroll card issuer, JPMorgan Chase, of similar claims seen in the Oregon suit. Proponents say payroll cards offer a way for underbanked employees to get paid, access funds and manage their finances. The issue of payroll cards has surfaced in other states, too.

payroll 40

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LyfeAccounting

JULY 7, 2021

There are only 2 states that do not have exemptions – New Jersey and Pennsylvania. The post How to Pay Less in Property Taxes | Property Tax Reduction Explained by CPA appeared first on Small Business Accounting & Finance Blog. That’s a lot of exemptions! We’re just a call away!

Tax 52

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PYMNTS

JANUARY 10, 2017

Consumers who can’t maintain a minimum checking account balance pay monthly fees. The rollout will be small, limited to seven states: New Jersey, New York, Pennsylvania, Maryland, Washington, Oregon and Iowa. Being poor is expensive. It may not even loosen it up much if SNAP enrollees don’t sign on.

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PYMNTS

MARCH 6, 2019

Over a million people fall into default on their students loans each year (default is defined as failure to make a payment for a year, such that the account is turned over to a third-party debt collector) – and by 2023, it is estimated that some 40 percent of borrowers will fall into default. Defaulting on a student loan is serious business.

Pennsylvania 46

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