LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? What are CPA Services? What is a CPA? Tax Services .

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CPA Practice

AUGUST 10, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Additionally, Graham Dyer will serve as Grant Thornton’s chief accountant and partner-in-charge of the firm’s Accounting Principles Group, effective immediately.

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ThomsonReuters

FEBRUARY 8, 2024

Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions. What are the main accounting assumptions?

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Shay CPA

MARCH 29, 2023

Does thinking about filing your taxes put some tension on your shoulders? By giving you a heads-up in some key areas, we can make filing your tech company’s 2022 taxes gets a whole lot easier — and less stressful. He teed up a few tips to help you avoid unwelcome surprises as you navigate your 2022 tech company tax filings.

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CPA Practice

MARCH 20, 2024

The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos.

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Anders CPA

MAY 13, 2024

A net income sheet that has more ups and downs than an amusement park usually means one thing: The company’s bookkeeper is not using GAAP – generally accepted accounting principles. If this period crosses over two years, it can even impact tax liabilities, causing a company to under-pay one year and then over-pay the next.

Transportation 52

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Shay CPA

MARCH 22, 2023

As part of the Tax Cuts and Jobs Act (TCJA), there was a change to Section 174 that directly impacts the R&D tax credit many startups take. As a result, this change affects your 2022 tax filings. Additionally, if you live in a state that imposes a Capital Base Tax (e.g., New York), this also impacts that base rate.

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CPA Practice

DECEMBER 19, 2023

The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos.

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Basis 365

FEBRUARY 1, 2023

Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Each CPA can also manage other bookkeepers and understand how to complete their bookkeeping tasks.

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Withum

JANUARY 12, 2024

This promotes transparency and compliance with accounting standards and regulations, such as Generally Accepted Accounting Principles (Accounting Standards Codification 805) or International Financial Reporting Standards, which mandate specific guidelines for the treatment of assets, liabilities, and goodwill in an acquisition.

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Withum

JANUARY 24, 2023

Whether it be seeking a bank loan, meeting regulatory requirements, or preparing for sale or initial public offering, all avenues lead to CPA-audited, reviewed or compiled annual financial statements. Delays in providing account schedules, requesting underlying support, or answering auditor inquiries will lead to delays in the audit timeline.

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CPA Practice

SEPTEMBER 12, 2023

The alliance also addresses assisting companies with their compliance with accounting principles generally accepted in the United States (U.S. Bitwave’s sub-ledger offering brings a thoughtful approach to supporting the complex nature of digital asset-based transactions.

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CPA Practice

FEBRUARY 13, 2023

Professionals on the Move is a round-up of recent staff promotions and hires, from around the accounting profession. Martin to Lead CohnReznick’s Boston and Greater Massachusetts Offices CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Kevin P. Martin, Jr.

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Preparing tax returns.

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SkagitCountyTaxServices

JUNE 8, 2022

So if you want to talk through your particular landscape, Padgett & Padgett, PLLC CPA is in your corner, right here: app.acuityscheduling.com/schedule.php?owner=19530343. Speaking of which: reminder that second quarter estimated taxes are due next week on 6/15/22.). Principles. Padgett & Padgett, PLLC CPA.

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Shay CPA

DECEMBER 19, 2023

including complying with the required financial reporting and taxes. Again, we shared our tax and financial reporting expertise. Specifically, Shrimanker touched on the tax implications of the different entity types those companies might choose (e.g., The post ShayCPA Looks Back on 2023 appeared first on Shay CPA.

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Shay CPA

SEPTEMBER 13, 2023

They’re in the weeds with your accounting systems, overseeing everything from balancing your books to maintaining tax compliance. A controller will almost always be a certified public accountant (CPA). Long story short, a controller’s primary area of expertise is accounting. appeared first on Shay CPA.

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Going Concern

JULY 1, 2022

Marking a Half-Century of Capital Markets Integrity [ Barron’s ] Former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation John J. GAAP, or generally accepted accounting principles. Brennan writes: The bedrock of that reporting regime is U.S.

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CPA Practice

DECEMBER 11, 2023

Source: [link] Personalized Tax Compliance and Advisory Services : AI will enable accountants to offer clients personalized tax compliance and advisory services. AI-powered platforms will help individuals and businesses comply with complex tax regulations, optimize tax strategies, and minimize tax liabilities.

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KROST

APRIL 12, 2022

Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles. Rebecca Hickle, CPA , Manager.

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Basis 365

MARCH 30, 2023

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. CPA firm : CPAs are generally going to be the most expensive option. Basis 365 : Accrual accounting is at the core of what we do.

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Ryan Lazanis

JULY 11, 2023

A staff accountant primarily serves as a key financial advisor and strategist, overseeing crucial aspects of financial management and various accounting procedures. Advanced degrees and designations such as a Master’s in Accounting, CPA, or an MBA can give candidates an edge. Why Join Us?

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SkagitCountyTaxServices

JUNE 2, 2022

I’d also enjoy hearing if there’s another way my team and I here at Padgett & Padgett, PLLC CPA could serve you and your business. We’re here for more than just “books” and taxes: app.acuityscheduling.com/schedule.php?owner=19530343. Pros and cons of cash accounting. owner=19530343.

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Withum

FEBRUARY 1, 2023

Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

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Going Concern

JUNE 17, 2022

Hot (pun intended) on Reddit today: NASBA, AICPA, Prometric Expand International CPA Examination Testing Locations [ NASBA ] NASBA, AICPA, and Prometric announce qualified Uniform CPA Examination candidates applying to participating jurisdictions will have the option of testing at any international location where the CPA Exam is currently offered.

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Shay CPA

OCTOBER 11, 2023

Revenue recognition is a separate beast, and one that requires you to adhere to generally accepted accounting principles (GAAP). The post Understanding MRR vs. Recognized Revenue: A Guide for Startups appeared first on Shay CPA. Your investors usually won’t accept MRR alone. Sound good? Get in touch.

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CPA Practice

SEPTEMBER 5, 2023

The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S. generally accepted accounting principles (GAAP) for nongovernmental entities and generally accepted auditing standards (GAAS), respectively.

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ThomsonReuters

FEBRUARY 1, 2024

Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. Enter Generally Accepted Accounting Principles, more commonly known as GAAP. One obvious difference is that most U.S.

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Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities. You really should review this periodically as laws and tax code do change.

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Anders CPA

SEPTEMBER 13, 2022

Many owners find they will have to increase the value of their business before they transition, or they risk not netting enough money after taxes and fees. Businesses are often sold based on “recast” or “proforma” financial results, such as cash flows or EBITDA (earnings before interest, taxes, depreciation, and amortization).

Non-Profits 52

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PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

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Snyder

AUGUST 10, 2022

” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. Increasing COGS means decreasing net income which is beneficial for income tax purposes but means less profit for the shareholders.

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Shay CPA

JANUARY 31, 2024

When it comes to your accounting, employing a few tools and keeping key facts in mind can make your life a whole lot easier. That’s true for this year and when the time comes to handle your 2024 tax filings. Our team of accountants has some recommendations for your tech startup. Your accountant can provide guidance here.

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Ryan Lazanis

JUNE 8, 2023

Accounting forums are digital communities usually populated by firm owners, CPAs, tax specialists, and other financial experts. All kinds of accounting topics, from taxes to software recommendations and business strategies can be discussed. They are capping membership at 500 members.

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AccountingDepartment

DECEMBER 28, 2021

You might want to make changes before the new fiscal year or tax year starts. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. Gain More Expertise.

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Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

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Going Concern

OCTOBER 5, 2023

We’ve scoured the archives of time-tested accounting wisdom to share with you these 10 valuable insights. Legend has it… As we explored the accounting myths of old, we stumbled onto an ancient tome—the EAAP (Eternally Accepted Accounting Principles.) Just don’t go in blind.

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