CPA Practice

FEBRUARY 14, 2024

More than 80% of businesses are currently planning to increase overall investment in workforce development in 2024, according to a new survey from RGP, a global consulting firm. The survey explored the key market factors that are shaping workforce investment decisions for U.S. businesses in the year ahead.

Finance 115

Finance 115

Cherry Bekaert

NOVEMBER 21, 2023

If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us. View all Government Contracting Podcasts Questions? Contact Us The post Effective Operational & Financial Performance: Budget Considerations During Year-End appeared first on Cherry Bekaert.

Government 52

Government Finance 52

Withum

FEBRUARY 20, 2024

Contractor facilities—including design, development, networks, supply chains and personnel—have been used by threat actors as cyber pathways to access government program organizations and systems to steal, alter and impact systems for their own objectives. As such, the CMMC program was developed and then updated.

Government 78

Government Start-ups Technology 78

MyIRSRelief

APRIL 22, 2024

Consult a Tax Professional: Get advice tailored to your situation. Consult with a Tax Professional: Get help to understand your tax obligations and potential penalties. It’s advisable to consult with a tax professional to explore the best options tailored to your specific circumstances. Q: What are common 941 tax issues?

Tax 130

Tax payroll tax tax return payroll 130

Menzies

APRIL 18, 2024

The rules exist to ensure that in circumstances where a worker or contractor meets the definition of an employee, that worker pays broadly the same income tax and National Insurance contributions to that of a PAYE employee. Construction is another target area due to the use of contractors. What is IR35?

chartered accountant 64

chartered accountant income tax Entertainment Construction 64

CPA Practice

APRIL 1, 2024

Top 200 accounting firm Stambaugh Ness has acquired Left Brain Professionals, a Westerville, OH-based accounting and advisory firm serving government contractors, effective April 1. In conjunction with the acquisition, Stambaugh Ness has launched an Outsourced Accounting Services (OAS) for Government Contractors practice area.

Government 52

Government accounting system accounting firms Tax 52

Cherry Bekaert

APRIL 19, 2023

Government Property Management System is one of the six systems covered by the Department of Defense’s (DoD) Contractor Business Systems. Contact Us The post Contractor Business Systems Series: Part 6 – Property Management System appeared first on Cherry Bekaert. View all Government Contracting Podcasts Questions?

audit 74

audit Government accounting system Account 74

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

accounting standards 105

accounting standards cost accounting Account accountant 105

Basis 365

SEPTEMBER 14, 2022

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. It is only half of the job to provide your consulting services. These four accounting tips will increase your consulting company's profitability.

Non-Profits 98

Non-Profits bookkeeping Account accountant 98

MyIRSRelief

FEBRUARY 23, 2024

Consultation: Schedule consultations with prospective tax professionals to discuss your situation and evaluate their suitability for your needs. Steps to Obtaining Professional Representation: Research: Take the time to research and vet potential tax professionals, EA, CPA, Lawyer.

tax return 130

tax return Tax CPA accounting and finance 130

Withum

FEBRUARY 20, 2024

A proposed environmental, social, and corporate governance (ESG) ruling will impose new reporting requirements for government contractors. Which Contractors Are Subject to the New ESG Reporting Requirements? million and $50 million are considered “significant” federal contractors and must report on Scope 1 and 2 emissions.

Government 52

Government Transportation Non-Profits Maine 52

Cherry Bekaert

JANUARY 25, 2023

Stay Connected An Earned Value Management System (EVMS) refers to the software, processes, tools, templates and management controls a contractor uses to accomplish their earned value management activities in accordance with the guidelines established by the Electronics Industry Alliance (EIA) Standard 748.

audit 75

audit Government accounting system Account 75

xendoo

SEPTEMBER 7, 2022

Whether you are running your own freelancing business or are looking to hire an independent contractor for your company, you’ve probably heard of a 1099 form. . When it comes to independent contractors, you’ll typically deal with the 1099-NEC. What Is an Independent Contractor? 1099 Form Independent Contractor Requirements.

bookkeeping 94

bookkeeping Tax income tax Legal 94

inDinero Tax Tips

FEBRUARY 28, 2022

How Classifying Employees As Independent Contractors Benefits Your Business. There are numerous benefits to classifying employees as independent contractors. On the one hand, there are the quantifiable tax benefits from hiring independent contractors as opposed to employees. Tax Services. Business Intelligence.

Tax 97

Tax Non-Profits bookkeeping tax services 97

Withum

NOVEMBER 17, 2022

1099’s report non-employee compensation to vendors who provide services such as independent contracting, consulting, attorney services, rents, royalties, commissions and much more. The answer is YES if you made any payments of at least $600 to any non-corporate vendors or contractors.

CPA 118

CPA accounting system Start-ups Tax 118

Going Concern

SEPTEMBER 13, 2022

Alvarez , Consulting – Government Contractor Solutions (Washington, DC). Amspaugh , Consulting – Public Sector (Indianapolis). Bergman , Consulting – Public Sector (St. Bowsher , Consulting – Public Sector (Indianapolis). Boyd , Consulting – Government Contractor Solutions (Washington, DC).

Real Estate 52

Real Estate Washington Healthcare Tax 52

Cherry Bekaert

AUGUST 9, 2023

If you have any questions specific to your situation, we are available to discuss your situation with you.

audit 97

audit auditor Government public accounting 97

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The IRS now also requires executive approval for employees and contractors who download data onto external hard drives or USB drives.

auditor 67

auditor Account accountant accounted 67

MyIRSRelief

AUGUST 1, 2023

The trucking industry is a complex ecosystem that relies on the efforts of both independent contractors (1099 drivers) and traditional employees (W-2 drivers) to keep goods moving across the nation. 3 Tracking and Reporting Income: Trucking companies need to accurately track and report income for independent contractors.

payroll tax 130

payroll tax Tax payroll audit 130

Anders CPA

MAY 23, 2023

Are your remote workers classified as employees or as independent contractors? If your remote workers are independent contractors, then you are not responsible for withholding payroll taxes from their earnings, they would instead be responsible for managing their own taxes.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

CPA Practice

FEBRUARY 27, 2024

There may be many more to take advantage of – consult a certified public accountant before filing your returns this tax season: Start-Up & Organizational Costs: The costs of forming a legal business entity, like registration fees and licenses, add up. Here are a dozen deduction tips, provided by the Illinois CPA Society.

Real Estate 116

Real Estate Illinois CPA Non-Profits 116

Going Concern

OCTOBER 2, 2023

Denying talks of a sluggish market, the firm’s consulting division – Deloitte Consulting, Monitor Deloitte and Deloitte Digital – grew by 19%. The contractor was also awarded a contract to spray sanitiser during the COVID-19 pandemic. The contractor approached the accountant to clear the bills.

North Dakota 98

North Dakota Account accountant accounted 98

Steve Feinberg

DECEMBER 5, 2022

Andrew Davis and Josh Baurle, founders The Prestige Journal, said “ Appletree is a great accounting and consulting firm that fits the culture of our team and clients, while bringing additional resources.”. Specialties include growing companies nationwide such as creators, contractors, marketing agencies, and creatives with 1-50 employees.

bookkeeping 98

bookkeeping payroll tax services accounting firms 98

Anders CPA

DECEMBER 18, 2023

To help the construction industry understand the changing tax landscape and prepare for year-end, Anders partnered with Construction Industry CPAs and Consultants (CICPAC) to publish a 2023 Tax Planning Opportunities for the Construction Industry report.

Construction 59

Construction tax planning Tax cpas 59

xendoo

JANUARY 25, 2021

(Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors). Statement of Payments Made to Independent Contractors). January 31 Copy B to the contractor. Sole Proprietor, Independent Contractor). February 29. Form 1099-MISC Filing. for a calendar tax year). Individual Tax Filing.

Tax 98

Tax income tax tax return corporation tax 98

Withum

MARCH 29, 2023

Whether you are pursuing a new contract or have extensive experience in the industry, having the proper contractor business systems in place can ensure that your business is on the path to profitability and compliance. Who must comply, and what must the contractor comply with? Compliance is a broad topic.

Non-Profits 69

Non-Profits Government accounting system accounting standards 69

Withum

AUGUST 4, 2023

The applicable amount from the consultant’s analysis or the NCM. Fringe benefits are allowances and services provided by the contractor to its employees as compensation in addition to regular wages and salaries. Total employer contributions to defined contribution pension plans (whether paid, earned, or otherwise accrued).

cpas 52

cpas audit Maine Government 52

CPA Practice

DECEMBER 22, 2023

Excessive or frequent invoices received from a vendor for services that are not necessary or did not occur, frequent discounts issued to certain vendors or customers and unusual fraternizing with vendors or contractors may be indicative of corruption. Furthermore, these policies and procedures should be regularly enforced.

Expense Reimbursements 117

Expense Reimbursements payroll general ledger financial statements 117

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. In ISN I, the contractor was an S corporation located in Maryland.

income tax 88

income tax Tax tax return Connecticut 88

TaxConnex

OCTOBER 13, 2020

In addition to states taxing downloaded software, a few states now tax custom software and many of the consulting services that are used to implement the software when sold. Contractors owe tax on all the items of material they purchase. For example, a contractor must pay the tax on all the construction materials they purchase.

Sales 185

Sales South Dakota Tax Hawaii 185

Cherry Bekaert

MAY 2, 2023

Generally, the Federal Acquisition Regulation (FAR) does not apply to prime contractors when they are seeking to award a subcontract. Size Appeal of Syscom, Inc. In Size Appeal of Syscom, Inc. SIZ-6195 (March 7,2023), OHA was asked to determine whether an 8(a) joint venture was small.

Government 86

Government Michigan Legal Start-ups 86

Cherry Bekaert

APRIL 5, 2023

Contractors with the Federal Acquisition Regulation (FAR) Clause 52.216-7, Allowable Cost and Payment included in their cost reimbursable and time & materials (T&M) contracts are required to submit an Incurred Cost Submission (ICS). View all Government Contracting Podcasts Questions?

audit 73

audit Government 73

CPA Practice

FEBRUARY 6, 2024

This is just tax jargon for whether you are an employee or an independent contractor. Independent contractors will receive a 1099-NEC for their work. If you are doing limited consulting engagements and earn more than $600 in any calendar year, you will receive a 1099-NEC. 1099-R: First year of RMDs?

Tax 111

Tax income tax tax return tax preparation 111

Steve Feinberg

SEPTEMBER 7, 2023

For home service contractors, completing your workload, attracting new clients, and keeping up to date with all the applicable codes and licensing your business needs can already be a monumental task. Adding bookkeeping on top can be more than most contractors are willing or able to handle. Bookkeeping helps you do just that.

bookkeeping 52

bookkeeping bookkeeping services bookkeeping software accounting and finance 52

Cherry Bekaert

JANUARY 18, 2023

In this episode of Cherry Bekaert’s Government Contracting podcast series, John Ure and Carol Marin , Tax Partners in Cherry Bekaert’s Government Contractor Industry practice join James Kahrs , a Business Development Director in the Firm’s GovCon practice. View All Podcasts from this Series.

Government 75

Government Tax 75

Anders CPA

OCTOBER 25, 2023

Using her expertise, she consults, designs, and implements solutions, making sure her clients not only adopt the cloud environment but also understand and are trained to maximize its full potential. Julia graduated from Southern Illinois University – Edwardsville with a B.S. in Computer Management and Information Systems.

Real Estate 97

Real Estate Illinois Missouri Construction 97

CPA Practice

JUNE 10, 2023

This includes providing the authority to hire security consultants, external technical expertise, and work with knowledgeable service providers to assist with the technical components which are most likely beyond the technical knowledge and understanding of the WISP leader.

Education 111

Education CPA cpa firm tax return 111