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.

accounting principles 105

accounting principles accounting standards income tax Tax 105

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?

Account 96

Account accountant accounted accounting principles 96

SMBAccountant

FEBRUARY 19, 2024

Whether it's deciphering the financial implications of contract sections, managing cash flow effectively, or ensuring that all financial reporting aligns with both Generally Accepted Accounting Principles (GAAP) and specific contractual obligations, a professional accounting partner can provide the necessary guidance and support.

Government 246

Government accounting principles Legal Account 246

Cherry Bekaert

MAY 16, 2023

Contributors: John Ford | Senior Consultant, Government Contracting Industry Practice Tony Konkol | Manager, State & Local Tax Practice As a general rule, corporations are responsible for paying Federal and state taxes on the income they earn. This allows S corporations to avoid double taxation on the corporate income.

income tax 88

income tax Tax tax return Connecticut 88

CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. An offshore account manager is who will oversee the offshore accountant’s day-to-day activities.

Tax 98

Tax Account accountant accounted 98

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.

accounting principles 111

accounting principles accounting standards income tax Tax 111

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.

Technology 59

Technology Tax CPA accounting principles 59

ThomsonReuters

AUGUST 25, 2023

What is tax depreciation? What are the differences between book and tax depreciation? What is book-to-tax reconciliation? Managing book and tax depreciation with software Depreciation. Tax depreciation is a depreciation expense listed by a business client on their tax return for a given tax period.

Tax 52

Tax tax return accounting principles Account 52

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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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.

Account 131

Account accountant accounted accounting principles 131

Withum

SEPTEMBER 8, 2022

The Report of the independent registered public accounting firm provides their opinion that the financial statements were in conformity with U.S. generally accepted accounting principles [GAAP], that the company maintained effective internal controls, that the audits were conducted in accordance with standards of the U.S.

accounting principles 119

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inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

accrual accounting 98

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CPA Practice

APRIL 21, 2023

CGMA | Wealth Strategist, Wintrust Wealth Management Women to Watch Awards Women to Watch Awards are presented in two categories—Experienced Leader and Emerging Leader—to recognize women who have made significant contributions to the accounting profession, their organizations, and to the development of women as leaders. McKeever Jr.

Illinois 98

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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.

Tax 52

Tax accounting principles accounting and finance income tax 52

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government Account accountant accounted 190

CPA Practice

APRIL 22, 2024

and Sales Tax Institute Emerging Leaders Amy Sexton | Manager, Wipfli LLP Kelsey Straub, CPA | Audit Senior Manager, Deloitte & Touche LLP Lester H. Accounting Principles Committee Melissa A. Gomez, CPA | Global Chief Financial Officer and Partner, Mischief USA and No Fixed Address Inc. McKeever Jr.

Illinois 116

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SMBAccountant

SEPTEMBER 23, 2020

This provides value to your company and isolates the costs for tax purposes. Tax Versus Book Depreciation Tax and book depreciation can be two different amounts. Many cash basis books record depreciation on a tax basis to make tax prep easier. The intent is to show a cost for usage of the item over the useful life.

Government 170

Government Account accountant accounted 170

FusionCPA

NOVEMBER 2, 2020

If you are not experienced in bookkeeping or using real estate CPAs , it is recommended that you spend a great deal of time becoming familiar with the capabilities of your QuickBooks Online account before you get started.

quickbooks 98

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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.

Real Estate 75

Real Estate accounting standards financial statements accounting principles 75

Basis 365

FEBRUARY 1, 2023

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Financial Expertise Controllers have more experience than accountants.

Account 97

Account accountant accounted bookkeeping 97

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.

Technology 124

Technology audit E-commerce accounting principles 124

ThomsonReuters

SEPTEMBER 2, 2021

What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Current income tax expense.

income tax 52

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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.

Tax 57

Tax Account accountant accounted 57

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 100

Government Account accountant accounted 100

ThomsonReuters

APRIL 18, 2023

Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. GAAP) is paramount for accounting professionals and all of those involved in financial reporting. Principle of Sincerity: A company’s financial health must be honestly represented in its accounting.

accounting principles 52

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SMBAccountant

SEPTEMBER 23, 2020

This provides value to your company and isolates the costs for tax purposes. Tax Versus Book Depreciation Tax and book depreciation can be two different amounts. Many cash basis books record depreciation on a tax basis to make tax prep easier. The intent is to show a cost for usage of the item over the useful life.

Government 100

Government Account accountant accounted 100

Basis 365

JULY 28, 2023

Tech products often involve complex sales arrangements, such as subscription-based models, multi-element accounts, and bundled services. Determining when and how to recognize revenue becomes complicated, requiring careful adherence to accounting principles.

Technology 52

Technology Account accountant accounted 52

SkagitCountyTaxServices

JUNE 8, 2022

Now … for Mount Vernon businesses of a certain growth rate (or of a particular model), the move from “cash accounting” to “accrual accounting” is an important step in the journey. Speaking of which: reminder that second quarter estimated taxes are due next week on 6/15/22.). Principles.

accounting principles 80

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Basis 365

JUNE 22, 2022

eCommerce businesses must comply with all sales taxes (state and federal taxes). What should you look for in an eCommerce accountant? These companies need outsourced accountants who can understand capital requirements and growth strategies. An accounting firm will have someone on your account 24 hours a day.

Account 52

Account accountant accounted accounting principles 52

Basis 365

APRIL 18, 2023

Expertise and Specialization Bookkeeping is a specialized skill that requires expertise and knowledge of accounting principles, tax regulations, and financial reporting standards. CFOs understand the importance of accurate bookkeeping in maintaining financial integrity and compliance with regulatory requirements.

bookkeeping services 94

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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. Specify the desired number of years of experience and any specific areas such as financial reporting or tax preparation. Why Join Us?

accounting jobs 40

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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 two helped the founders think through establishing operations in the U.S.,

quickbooks 52

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ThomsonReuters

JULY 8, 2021

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance. Watch the entire episode.

Technology 98

Technology accounting and finance general ledger accounting principles 98

ThomsonReuters

APRIL 6, 2023

Additionally, crediting accounts receivable by $250,000 means a decrease in the accounts receivable by the same amount. GAAP for accounts payable and receivable The Generally Accepted Accounting Principles (GAAP) are a set of rules specific to the United States that are designed to provide oversight for accounting practices.

accounts payable 52

accounts payable Account accountant accounted 52

Withum

JANUARY 24, 2023

As navigating an audit from a company perspective is a time-consuming process, companies should plan to utilize accounting managers, senior accountants, or outsourced consultants who have a strong knowledge of generally accepted accounting principles (“GAAP”) in order to successfully navigate the audit process in an efficient manner.

audit 69

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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.

audit 59

audit cpas auditor accounting principles 59

ThomsonReuters

JUNE 9, 2023

To combat this alarming rate of departures from the tax & accounting profession, employers need to focus on creating an inclusive culture where all voices are valued and respected. For related information on this topic, learn about how tax and accounting firms can develop an ESG narrative.

Account 98

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