CPA Practice

APRIL 9, 2024

With a shrinking sales tax base, widespread cuts to other funding sources (income taxes and property taxes), dwindling federal pandemic aid and the growing use of sales tax holidays, states will need to increase sales tax rates, implement new fees and extend sales taxes to new areas.

Sales 110

Sales Tax Minnesota Tennessee 110

CPA Practice

MAY 15, 2024

CPA Practice Advisor ‘s Readers’ Choice Awards , now in their 20th year, give our readers the chance to spotlight the technologies they most respect and trust to provide client services, manage their firms, and help their clients run their businesses. Thank you to the more than 5,500 readers who participated in voting this year.

Technology 69

Technology accounting firms cpas Account 69

Withum

FEBRUARY 10, 2023

Considerations for Income Tax Treatment Once valuation of assets has been determined, the treatment for tax purposes should be considered. There are different tax treatment considerations that arise when dealing with the bankruptcy of an exchange or a token that has become worthless.

Tax 59

Tax income tax CPA auditor 59

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 109

tax return Virginia accounting and finance audit 109

Going Concern

JANUARY 26, 2024

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. This allows auditors to shift attention to more complex and strategic work, like interpreting results and offering experience-based insights to clients.

Account 118

Account accountant accounted audit 118

ThomsonReuters

MAY 12, 2022

What is a sales tax audit? A sales tax audit determines whether a business has collected and paid the correct amount of sales tax owed to the state for taxable transactions. Auditors examine financial documents and compare total sales revenue with sales that resulted in the collection of sales tax.

audit 105

audit Sales Tax auditor 105

Withum

NOVEMBER 3, 2022

At the same time, at the advice of its consultant, management also changed the firm’s auditor. In past years, the annual audit was performed by a CPA who was an income tax practitioner. Authors: Carley Appleby | cappleby@withum.com and Ashleigh Hall , CPA, Partner | ahall@withum.com. Contact Us.

Employee Expense Reimbursement 52

Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

Going Concern

APRIL 14, 2023

The firm had a contract to perform the 2022 year-end audit for $26,135, but in order to complete it, the CPAs had to spend a lot of time doing extra accounting work that the previous town employees had failed to do, it was stated. At a February meeting, CPA Paul Johnson explained the reasons for the increase.

Tax 103

Tax auditor audit accounting firms 103

Withum

APRIL 27, 2022

The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. . Further, many essential schedules are not provided to the auditors timely.?Accurate Asha can be reached at aganesh@withum.com.

general ledger 119

general ledger audit auditor accounting and finance 119

CPA Practice

FEBRUARY 6, 2024

CPA firms of all sizes and practice types could choose to recruit entry-level hires into the program. The program is also open to companies, not-for-profits, and government employers who hire CPA-track staff. As a result, state CPA society collaboration in the event increased from 35 state CPA societies in 2022 to 46 in 2023.

cpas 59

cpas CPA accounting careers Education 59

Going Concern

SEPTEMBER 2, 2022

Our firm now has the capacity to provide a much more diverse range of business and personal services than ever before, and our growing team of talented professionals leverages new and emerging skills to help our clients succeed,” said Robert Lange, III, CPA and Managing Partner of CLH. Accounting Firm M&A.

North Carolina 88

North Carolina Tax Idaho audit 88

Going Concern

APRIL 15, 2022

More Predictions about the Profession’s Future [ The CPA Journal ] Writes Yigal Rechtman, CPA, CFE, CITP, CISM: The current impediments to growth are mostly driven by the perception of prospective entrants to the CPA profession. For example, every startup would benefit immensely from having a CPA among its founders.

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

MAY 6, 2022

ICYMI | Exploring the Gender Gap [ The CPA Journal ] Previous research has established that women suffer from the impacts of the “gender gap” in the middle to late stages of their career. The authors posit that one significant factor driving the gender gap in the accounting profession originates with the Uniform CPA Examination.

auditor 52

auditor audit CPA Real Estate 52

CPA Practice

APRIL 25, 2024

With a shrinking sales tax base, widespread cuts to other funding sources (income taxes and property taxes), dwindling federal pandemic aid and the growing use of sales tax holidays, states will need to increase sales tax rates, implement new fees and extend sales taxes to new areas.

Sales 52

Sales Tax Minnesota Tennessee 52

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. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.

North Carolina 52

North Carolina Account accountant accounted 52

CPA Practice

APRIL 22, 2024

With a shrinking sales tax base, widespread cuts to other funding sources (income taxes and property taxes), dwindling federal pandemic aid and the growing use of sales tax holidays, states will need to increase sales tax rates, implement new fees and extend sales taxes to new areas.

Sales 52

Sales Tax Minnesota Tennessee 52

Going Concern

OCTOBER 9, 2023

The new findings will be published and shared to bring awareness of, and renew focus on, the most relevant and effective strategies to promote the CPA credential and ensure its sustainability and relevance moving forward. The tax was due from U.S. owners based on their ownership, regardless of whether they got a distribution.

Account 69

Account accountant accounted Iowa 69

Anders CPA

DECEMBER 6, 2022

As a part of this process, taking a close look at all tax liabilities and implications is an important step. When considering a business purchase or sale opportunity, many will consider the federal income tax implications but overlook the state and local sales taxes. What Can I do to Manage Sales Tax Liability?

Tax 52

Tax Manufacturing income tax auditor 52

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Working with external auditors. According to Pilar Garcia, CPA , Tax and Accounting Executive Editor for Thomson Reuters, “AI, especially generative AI, can propel the accounting profession forward like no other technological advancement since Excel.

Account 59

Account accountant accounted tax preparation 59

CPA Practice

OCTOBER 20, 2023

The role of accountants and auditors is crucial to accuracy and transparency in this type of financial reporting to help attract investors and maintain their trust. Andre Bredell is the Executive of Quality and Standards at SAPRO , a global workforce solutions firm specializing in advisory, assurance and tax.

audit 52

audit accounting and finance auditor accounting principles 52

CPA Practice

OCTOBER 19, 2023

The role of accountants and auditors is crucial to accuracy and transparency in this type of financial reporting to help attract investors and maintain their trust. Andre Bredell is the Executive of Quality and Standards at SAPRO , a global workforce solutions firm specializing in advisory, assurance and tax.

audit 52

audit accounting and finance auditor accounting principles 52

Going Concern

OCTOBER 11, 2022

note: the following is penned by Bob Jennings CPA, EA for his Taxspeaker.com newsletter. As a 40+ year licensed CPA (Indiana) I long ago figured out that I did not need to be a CPA to work with small businesses. Both are much more useful than being a CPA for the businesses that generate 44% of American GDP. June 17, 2019.

Education 90

Education Account accountant accounted 90

MyIRSRelief

APRIL 22, 2024

Benefits: Expert Guidance: Professionals handle all communication with the tax authorities, reducing the stress of direct dealings. Better Outcomes: Experienced representatives can negotiate more effectively and understand what the auditors are looking for. What Should I Do About Unpaid Back Taxes in Corona, CA?

Tax 130

Tax payroll tax tax return payroll 130

Going Concern

JANUARY 19, 2023

Burnell did not report any of the money he received from victims in 2011 or 2012 on his income tax returns. Burnell only reported income from gambling winnings in 2011 and 2012 – estimated to be more than $1 million – all of which was offset by gambling losses. million, a portion of the proceeds of the charged criminal conduct.

Tax 64

Tax tax return Gambling tax preparation 64

FraudFiles

NOVEMBER 5, 2020

Are you a CPA who wants to become an expert witness? As a CPA, you don’t have to focus on litigation work to become an expert witness. As a CPA, you don’t have to focus on litigation work to become an expert witness. Many accountants and auditors are comfortable with the process until it involves testifying.

audit 52

audit CPA income tax auditor 52

CPA Practice

AUGUST 11, 2023

The agency is devoting additional resources to the problem, including hiring specially trained auditors to process ERC claims and ensure the claims are legitimate. Increased scrutiny will include audits and support from the Criminal Investigations division to identify fraudulent claims, and prosecute when warranted.

New Jersey 98

New Jersey tax preparation Tax auditor 98

Snyder

MARCH 6, 2023

From the first financial documents required with the rise of corporations in the 1800s and the formal recognition of accounting as a profession in 1896 to the skyrocketing of its demand with the advent of the income tax in 1913. As you can see, many factors influenced the development of accounting.

forensic accounting 52

forensic accounting Account accountant accounted 52