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What Would You Like to See Tested on the CPA Exam?

Going Concern

With the completely redesigned CPA exam only 514 days away, there’s been a lot of discussion around the proposed Blueprints and questions about whether or not this content aligns with CPA Evolution’s stated goal of maintaining the relevance of the CPA credential. CPAs don’t need both. It’s 1 or the other.

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CPAs Should Get Into Weed, Says CPA Into Weed (As a Business, That Is)

Going Concern

The growers and sellers of these products, having been empowered to do so in daylight rather than the shadows of your nearest high school parking lot, are just as in need of skilled CPAs as any other business. This recent Journal of Accountancy article. So how do CPAs get into this niche? You love to see it!

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

By Samantha Schafer, CPA. 147 ensured that these critical costs incurred by cannabusinesses be classified as deductibles for income tax purposes. That’s why if cost accounting wasn’t a major priority for these owners prior to IRC Sec. Thinking that only dispensaries have to worry about taxes to their cannabusiness?

Tax 111
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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

Here’s some news from the AICPA via CPA Journal : Firms had a strong fiscal 2022, but number of accounting majors drops sharply. Accounting firms had a good fiscal 2022 with median growth rate of 9.1% Journal of Accountancy wrote up Jason Staats’ talk at Digital CPA. Beardo guy is getting lit.

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Gaining More Value with Virtual Accounting

AccountingDepartment

Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. They might hand over a spreadsheet and a box of receipts and then the CPA does all the work. Gain More Expertise.

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Accountant Vs. Controller: What's the difference?

Basis 365

Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Each CPA can also manage other bookkeepers and understand how to complete their bookkeeping tasks.

Account 97
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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

9 focusing on its financial and cost accounting controls, it said Thursday in its 10-K. The agency said in 2020 that assumptions the company used from 2013 to 2019 were potentially not compliant with Cost Accounting Standards, regulations that govern cost accounting requirements for government contracts.

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