AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. by Bill Meador, CPA, JD. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. Accounting and CPA Puns. Short Accounting and CPA Jokes. Miscellaneous.

tax preparation 212

tax preparation Account accountant accounted 212

Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Audit committee disclosures increase, right along with workload [ Journal of Accountancy ]. The same thing year after year, you say?

public accounting 93

public accounting audit Account accountant 93

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

Real Estate 101

Real Estate Iowa audit CPA 101

CPA Practice

AUGUST 3, 2023

These claims, when audited by the IRS, could result in drastic reductions of the improperly obtained credits, costing the business significantly. The hearing included testimony from several tax practitioners, including a CPA who expressed great concern about the level of fraud in the program.

cpas 98

cpas cpa firm payroll tax CPA 98

TaxConnex

APRIL 20, 2021

And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. Why should sales tax be any different?

Sales 139

Sales Tax tax return income tax 139

Going Concern

JANUARY 5, 2024

CPA Tom Janney Announces Retirement [ WJLE ] Local stories like these are so cute. Longtime local CPA Tom Janney has announced his retirement from the tax and accounting side of Janney & Associates, CPAs, PC, a business he started in 1992 but sold to another firm fourteen months ago. Happy trails, Tom!

tax return 103

tax return Virginia accounting and finance audit 103

Going Concern

JANUARY 13, 2023

Audit Committee Composition Changing Amid Expanded Scope and Emerging Risks, According to New Report from Deloitte and the Center for Audit Quality (CAQ) [ PR Newswire ]. provides insight into shifting oversight priorities and practices related to audit committee composition.

audit 98

audit Account accountant accounted 98

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . One of these expanded service areas is audit. . But what exactly does offering auditing services entail? What’s the difference between accounting vs auditing?

audit 59

audit auditor Account accountant 59

CPA Practice

MARCH 1, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss Stanford Tax , which leverages AI to understand your clients’ prior year tax data, features broad integration options, and can import data from thousands of clients in under 10 minutes. SPEAKERS Brian F. Tankersley, CPA.CITP, CGMA, and Randy Johnston.

Technology 111

Technology Tax Account accountant 111

TaxConnex

OCTOBER 4, 2022

You then need to create a billing process to apply tax to your invoice, manage your sales tax-exemption certificates and prepare and file sales tax returns. Your staff can be trained for the specific sales tax needs of your company, and you’ll have an in-house resource for future questions. Outsourcing.

Sales 130

Sales Tax tax return Colorado 130

Going Concern

MARCH 22, 2023

After a frantic search, the Trump Organization settled on the firm of Whitley Penn, LLP (“Whitley Penn”) based out of Fort Worth, Texas to perform audit services, compilation services and tax preparation services, including the preparation of an SOFC for the year 2021. Let’s see what her beef is. ” SO.

New York 107

New York South Carolina Texas CPA 107

xendoo

OCTOBER 11, 2021

Like many other business owners, you might have considered using professional CPA services. Partnering with a certified public accountant is a great way to avoid tax woes and maximize the profitability of your business. With this in mind, we’ve outlined 5 questions to ask when looking for a CPA.

CPA 52

CPA bookkeeping tax return accounting and finance 52

Going Concern

FEBRUARY 9, 2024

However, the professional services firm refused, after claiming the report contained privileged and confidential information. These thieves attempt to steal client data and tax preparers’ identities, creating the potential for them to file fraudulent tax returns for refunds.

Technology 82

Technology Colorado audit cpa firm 82

Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

auditor 98

auditor audit New York CPA 98

Going Concern

AUGUST 4, 2023

Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season. Today, Johanna remains a full-time partner at the firm, and her son, Dalton Sweaney, CPA, is now the managing partner.

cpa firm 92

cpa firm CPA accounting firms accounting and finance 92

Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse. in 2018 to 34.7%

Iowa 52

Iowa auditor cpa firm CPA 52

CPA Practice

MAY 1, 2023

Innovative CPA firm leaders rely on HubSync’s all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Modern Client Experience.

cpas 40

cpas Tax cpa firm Technology 40

Snyder

AUGUST 12, 2022

Among the primary functions of accounting are to prepare and analyze: Financial audits Forecasting Financial planning and long-term budgeting Tax returns Performance optimization. But if you work in a very tax specific area, you might think of hiring both professionals for accounting and bookkeeping needs. In the U.S.

bookkeeping 98

bookkeeping Account accountant accounted 98

CPA Practice

OCTOBER 20, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education audit 52

CPA Practice

OCTOBER 19, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education audit 52

CPA Practice

JUNE 7, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Black Ore Tax Autopilot, an AI tax prep system for CPAs, which features complete 1040 tax preparation automation. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor. And we don’t want to Brian F.

Technology 64

Technology Tax Account accountant 64

ThomsonReuters

JULY 13, 2023

This means source documents are bookmarked and organized into a standardized work paper index that follows the order of the tax return. Preparers don’t have to painstakingly assemble tax work papers thanks to automated scan-and-organize functionality. Interested in learning more about tax workflow automation?

Tax 97

Tax Technology accounting firms income tax 97

ThomsonReuters

JUNE 15, 2022

Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner. Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors.

Tax 98

Tax Technology audit tax preparation 98

CPA Practice

JUNE 8, 2023

The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. However, with the rapid evolution of technology, navigating the high-density workloads brought in annually by tax season can improve.

Technology 98

Technology Tax cpas cpa firm 98

Going Concern

AUGUST 25, 2023

The CONNECT event, held every five years since 2003, allows GCAS employees to stay current with the trends and best practices of the accounting and auditing industry, with intentional application to the needs of the Seventh-day Adventist Church. The event also allows networking and team-building opportunities for GCAS professionals.

tax preparation 91

tax preparation CPA payroll tax Illinois 91

CPA Practice

JULY 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss models for technology governance. Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. Use the podcast player below to listen.

Technology 98

Technology Government audit quickbooks 98

CPA Practice

JULY 27, 2023

Similarly, the same is true for Advisory, Audit, Wealth Management, Litigation Support, or any other areas where you routinely provide services. Here are some of them: Tax Preparation and Filing : This is often the most time-consuming task in an accounting firm, especially during the tax season.

Technology 98

Technology audit Education accounting and finance 98

Going Concern

JUNE 10, 2022

The Chrisleys were found guilty of tax evasion, and Peter Tarantino was found guilty of filing two false corporate tax returns on behalf of the Chrisleys’ company. Everyone feels like KPMG is fourth,” the Audit Associate told us, ranking EY third, PWC second and Deloitte first.

auditor 57

auditor accounting and finance audit CPA 57

AdviceForTaxpreparers

AUGUST 12, 2014

However, new accountants soon find out that the firm grapevine provides unwritten rules to be followed as well. One example is in the area of the billable hours (the time each person charges to the job for preparing and reviewing the tax return or audit) that a staff should put on his timesheet.

tax return 138

tax return Account accountant accounted 138

CPA Practice

JANUARY 12, 2024

Randy Johnston and Brian Tankersley, CPA, discuss technologies presented at the the 2023 Thomson Reuters Synergy user conference. Intro: Welcome to the technology lab presented by CPA Practice Advisor with your hosts, Randy Johnston and Brian Tankersley. Use the podcast player below to listen. SPEAKERS Randy Johnston, Brian F.

Technology 40

Technology Account accountant accounted 40

CPA Practice

DECEMBER 29, 2023

Randy Johnston and Brian Tankersley, CPA, talk about the technology changes and new products they expect to see in the coming year. Intro: Welcome to the technology lab presented by CPA Practice Advisor with your hosts, Randy Johnston and Brian Tankersley. Use the podcast player below to listen. SPEAKERS Randy Johnston, Brian F.

Technology 59

Technology quickbooks cpa firm CPA 59

CPA Practice

AUGUST 16, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss client data security and the new FTC Safeguards Rule: IRS Pub 4557. Part of the reason I personally am so adamant that CPA firms subscribe to at least Microsoft 365 Business Premium, is you get the Advanced Threat Protection and data loss prevention capabilities.

Technology 96

Technology tax return Tax Start-ups 96

Ryan Lazanis

APRIL 4, 2022

This will ensure that you only admit the right small businesses into your accounting firm. 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. If you’re just starting your own cpa firm, you may not have any, but add some later when you do get them. Processing payroll.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

CPA Practice

OCTOBER 27, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, have a chat about firm technologies, and which upgrades they see as beneficial to firms, allowing them to accomplish more even if facing talent shortages. I had the good pleasure of being in multiple CPA firms in the very, very recent past.

Technology 59

Technology Start-ups audit quickbooks 59

CPA Practice

OCTOBER 25, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, have a chat about firm technologies, and which upgrades they see as beneficial to firms, allowing them to accomplish more even if facing talent shortages. I had the good pleasure of being in multiple CPA firms in the very, very recent past.

Technology 59

Technology Start-ups audit quickbooks 59

Ryan Lazanis

AUGUST 22, 2022

Important categories to evaluate when choosing a workflow management software for your CPA firm. Helpful features that could benefit accounting firms’ productivity to make sure that tasks are delegated and completed on time. It’s nice to have an audit trail of the discussion and to be able to collaborate in-app versus in-email.

Account 105

Account accountant accounted quickbooks 105