Withum

JULY 25, 2023

While gift cards are prevalent in many businesses, there continues to be misconceptions on the impact to a business’ financial statements and tax returns when considering how to report income related to the cash received when issuing a gift card, as well as with the redemption of that gift card.

financial statements 97

financial statements tax return E-commerce Tax 97

KROST

NOVEMBER 24, 2020

In the last few months of the year, it is important to consider year-end tax planning opportunities, as many may provide both immediate and long-lasting financial benefits. We have compiled a checklist of additional actions based on current tax rules that may help you save tax dollars if you act before year-end.

tax planning 52

tax planning Tax California income tax 52

Shay CPA

DECEMBER 7, 2022

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Sales tax accounts. State franchise and income tax accounts. File a final corporate tax return.

tax accountant 59

tax accountant Tax tax return Account 59

MyIRSRelief

MARCH 1, 2022

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937]. Top 5 Reasons to hire a tax/accounting firm to service your businesses bookkeeping needs.

bookkeeping services 100

bookkeeping services bookkeeping Real Estate Non-Profits 100

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 65

New Hampshire audit accounting and finance Non-Profits 65

CPA Practice

FEBRUARY 1, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

CPA Practice

JUNE 20, 2023

Is it tax firms only, or, do firms who do CAS (with or without Payroll) need to comply as well? All firms who provide tax prep services for their clients are subject to both because providing paid tax preparation services is called out specifically in both publications.

payroll 98

payroll CPA tax preparation auditor 98

Going Concern

MAY 24, 2024

“Considering we have a state budget just over $50 billion and the multiple errors we identified were in excess of $718 billion, it’s clear this additional level of review is vital to ensure we have accurate financial reporting,” Republican Auditor Scott Fitzpatrick said in a statement announcing the report.

audit 73

audit auditor accounting and finance accounting firms 73

Going Concern

SEPTEMBER 25, 2023

A court probably won’t rewrite a noncompete provision in a partnership agreement that omits the required specified geographic area of non-competition, according to a recent unpublished ruling of the California Court of Appeal. Frazer served clients throughout California and elsewhere. In Frazer, LLP v.

Account 62

Account accountant accounted audit 62

Going Concern

APRIL 8, 2024

Let’s take a moment to extend thoughts and prayers to our brothers and sisters in the final days of the tax season grind. They will be if one California lawmaker gets his way. Grappling With a Dwindling Shareholder Tax Base Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership.

auditor 57

auditor audit Account accountant 57

PANALITIX

AUGUST 9, 2020

This involved extensive travel and a decision to move to California in 1982. Noting that ‘few people can read financial statements’, Glenn focused on highlighting ‘productivity indicators to tell the story of the business and identify trends to influence decision-making and achieve goals’. International Clients.

accounting firms 189

accounting firms Account accountant accounted 189

KROST

APRIL 12, 2022

After many years of public comment on the challenges of presenting GAAP financial statements for small businesses, the AICPA issued the Financial Reporting Framework for Small and Medium-Sized Entities. If the cost of your financial statements is greater than the benefits gained.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52

Going Concern

MAY 6, 2024

Bloomberg Tax drops a scary headline : End of Trump Media’s Auditor Jolts Hundreds of Other Companies The sudden shutdown of what the SEC dubbed a “sham audit mill” will force hundreds of companies, including Trump Media & Technology Group Corp., an AI-focused digital advertising company in California. We’re aware.

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auditor audit Account accountant 80

Cherry Bekaert

FEBRUARY 2, 2024

Carbon reporting suddenly is a “checklist item” for new funds by large investors, mandatory for UN PRI membership, and forced by the State of California and the U.S. With this, California officially created carbon accounting obligations in the U.S. Federal government. affecting thousands of corporations.

accounting and finance 83

accounting and finance California cpa firm CPA 83

Going Concern

FEBRUARY 12, 2024

The extra debt is designed to smooth the costs of Project Everest across more than one financial year. Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck.

auditor 70

auditor Account accountant accounted 70

PYMNTS

MARCH 6, 2019

As Calcbench Co-Founder and CEO Pranav Ghai said of the standard changes late last year, the initiative “will provide a level of visibility into financial statements that previously didn’t exist.” ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006.

Finance 55

Finance accounting standards accounting principles accounting and finance 55

Anders CPA

DECEMBER 7, 2023

Tom (00:06:10) – So a lot of our financial statement conversation, maybe if you are low on revenue, focusing more on how you had fewer hours than what we had forecast or what you needed to have in the bill rate was lower and here is why. Terrell (00:16:54) – Like we don’t do tax work.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52

Anders CPA

DECEMBER 1, 2023

Guillermo (00:14:08) – And so it drives higher retail prices, the excise taxes, the credit card fees, the debit card fees and all that kind of thing. Guillermo (00:16:24) – And then the industry is going through this, as you can imagine, as the first kind of states came on Colorado, Oregon, then eventually California.

Start-ups 52

Start-ups Legal Non-Profits CPA 52