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Now the Profession Is Losing Experienced Accountants Too

Going Concern

The New York resident found accounting work monotonous, with little room for creativity or growth, and maximum salaries weren’t as high as he would have liked. The AICPA often cites that the large pool of retiring Baby Boomers will leave a gaping hole in the supply of experienced CPAs.”

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Connecting Timekeeping with Practice Management for Law Firms

KROST

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more. KBI is led by KROST Principal Keith Hamasaki, CPA , and Director Ricky Yau, CISSP.

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5 Reasons Offering Advisory Services Will Help You Escape the Accountant’s Trap

CPA Practice

A construction worker starts a contracting business. By offering advisory services, you can upsell existing tax, accounting, or bookkeeping services to advisory services. tax, accounting, or bookkeeping). Adam Lean is the founder of The CFO Project , a community of 300+ bookkeepers, CPAs and accountant.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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Understanding the §179D Tax Deduction for Humans, Part 1

Going Concern

Who qualifies for tax deductions under IRS Section 179D? Certainly not anyone at Going Concern, as our office is a Herbert Hoover-era shack powered only by burning garbage and the tears of overworked CPAs. Your standard CPA or tax accountant is almost certainly going to miss something, or worse, claim more than you should.”.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

The declining birth rate also plays a role into the low supply of accountants, according to Henry Grzes, lead manager for tax practice and ethics with the American Institute of CPAs. “It This survey reflects many of the challenges that professionals in CPA firms of all sizes are currently facing.

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Business Tax Credits to Lower Your Tax Bill

xendoo

An experienced tax professional can identify which credits you’re eligible for and even file them for you. This guide goes over business tax credits that could save you money on taxes. You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant.