Why Project Management is Needed in CPA Firm IT

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Women Need to Rise as CPA Firm Partners

Accounting Web

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Finding/Retaining Staff and Challenges Working With the IRS Are Top PITAs for CPA Firms, Says AICPA Survey

Going Concern

Small firms think ‘challenges when working with the IRS’ is a bigger PITA than trying to find and retain talent according to the results of the 2022 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey released by the AICPA this week.

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. Additionally, the firm ranked No. 1 in the fastest-growing firms list. Pasadena, CA.

Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.

Why CPA Firms Need a Top-Notch Website

CPA Practice

In today’s world, where everything and anything can be found on the internet, even if your current clients are talking up your firm to their friends and colleagues, chances are that before those prospects shoot you an email or pick up the. Firm Management

The new normal for CPA firms? Maybe not

Accounting Today

A Great CPA Firm

RitaKeller

The above quotation from Jon Gordon, of course, made me think of the many CPA firms I know and have known over the many years I have been working with the CPA profession. As this year begins, think about the culture in your firm. “A culture of greatness doesn’t happen by accident. It happens when a leader expects greatness and each person in the organization builds it, lives it, values it, reinforces it and fights for it.” ” – Jon Gordon.

A Story Of Life In A CPA Firm

RitaKeller

I actually like the title because I think one of my strengths is that I have lived in and observed CPA firms for forty years! I am in my 17th year daily blogging about the inside workings of CPA firms. “The way I see it is if you want the rainbow, you gotta put up with the rain.” ” – Dolly Parton. I was pleased when I was asked by Sons of CPAs to be part of their podcast. They have titled it, Real Life in the Accounting Profession.

Should I stay or should I go? What it means to move your CPA firm to the cloud

Accounting Today

Tax prep software Technology Tax practice Cloud computing Tax season

It Is Inside Every CPA Firm – Flashback Friday

RitaKeller

I have observed that inside almost every CPA firm there is a certain amount of unnecessary drama. How about your firm? “Solve drama. Don’t create it.” – Dan Rockwell, @Leadershipfreak. Here is a flashback post about six rules for keeping your work-life drama-free

Three ways small CPA firms can support mental health

ThomsonReuters

From a small CPA firm perspective, the intensity of the workload during this extended tax season is like nothing we’ve seen before, compounding already heightened stress levels. For some small CPA firms, you may have known your clients and staff many years.

Starting your own CPA firm: Tips from 2 success stories

ThomsonReuters

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Starting your own CPA Firm: Don’t be afraid of a niche.

3 Approaches to Valuing a Business

RogerRossmeisl

The expert also must consider whether adjustments are warranted to account for the differences between the subject company and comparable firms. The post 3 Approaches to Valuing a Business appeared first on Roger Rossmeisl, CPA. Valuing a private business is a complex endeavor.

Los Angeles Based CPA Firm Announced New Principal, Stacey R. Korman, CPA, MST

KROST

KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST. Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments.

Autonomous Ride-Hailing Will Displace Industry Incumbents

RogerRossmeisl

The post Autonomous Ride-Hailing Will Displace Industry Incumbents appeared first on Roger Rossmeisl, CPA. Automotive Technology ARK Invest Automobile Dealership CPA Firm automotive cpa Autonomous Ride-Hailing

Does Your CPA Firm Need to Restart?

RitaKeller

I have observed that many accounting firm really do need to hit the restart button. I recently read a great article via Accounting Today about Sensiba San Filippo , one of the largest CPA and business consulting firms in Northern California. Everyone at all levels of the firm had to address three fundamental questions: 1. If you were a client, what would you want in a CPA? If you were just graduating from college, would you want to work at your firm?

Ways You Can Stop Tracking Links

RogerRossmeisl

The post Ways You Can Stop Tracking Links appeared first on Roger Rossmeisl, CPA. Technology Automobile Dealership CPA Firm automotive cpa E-Mail Safety Naomi Brockwell

It Is Inside Every CPA Firm

RitaKeller

When doing presentations to CPA audiences, I will often ask, “You don’t have any drama inside your firm, do you?” What does that say about your firm? You might even change it into a No Drama policy to officially adopt for your firm. “Solve drama. Don’t create it.” ” – Dan Rockwell, @Leadershipfreak. ” Sad to say, this would get a big laugh from the audience.

IRS Releases Updated Cost Segregation Audit Techniques Guide

RogerRossmeisl

The post IRS Releases Updated Cost Segregation Audit Techniques Guide appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Audit Techniques Guides Automobile Dealership CPA Firm automotive cpa Cost Segregation Cost Segregation Studies IRS Audit Techniques Guides

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Should You Outsource Your Accounting to a CPA Firm? Pros and Cons

LSLCPAs

Introduction Deciding to hire a CPA firm versus hiring a person to do your bookkeeping and accounting is an important decision! The post Should You Outsource Your Accounting to a CPA Firm?

Highlights from the Latest ACFE Fraud Report

RogerRossmeisl

The post Highlights from the Latest ACFE Fraud Report appeared first on Roger Rossmeisl, CPA. Fraud Briefs ACFE Asset Misappropriation Association of Certified Fraud Examiners Automobile Dealership CPA Firm automotive cpa Financial Statement Fraud

Don’t Discount the Key Person Discount

RogerRossmeisl

In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. The post Don’t Discount the Key Person Discount appeared first on Roger Rossmeisl, CPA.

Why small CPA firms should care about fraud

ThomsonReuters

But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”, Paul Miller, CPA from Business by Design , and I are joined by Brian Fox, Founder of Confirmation, part of Thomson Reuters.

Why What an S Corp Shareholder Receives and Reports is Different

RogerRossmeisl

The post Why What an S Corp Shareholder Receives and Reports is Different appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Flow-Through Income S Corporation

Learn How CPA Firms View a Gap in Your Resume

AdviceForTaxpreparers

All Blog Posts Career Advice Interviews Uncategorized career cpa gap job resumeMany accountants go into a death spiral when discussing during an interview why they left or got fired. Newsflash: no one cares. Here is the bottom line, on resume gaps and more. click to keep reading.].

Valuing Synergies

RogerRossmeisl

The post Valuing Synergies appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Synergistic Value Valuing Synergies

What Factors into the Cost of Capital?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Valuation Cost of CapitalValuation experts often use discounted cash flow (DCF) techniques to determine the value of a business or estimate economic losses.

KROST Quarterly Magazine: The Hospitality Issue, Vol 4, Issue 4, is Now Available!

KROST

We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions.

When Subsequent Events Count

RogerRossmeisl

The post When Subsequent Events Count appeared first on Roger Rossmeisl, CPA. Automotive Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Valuation Foreseeable Event Subsequent Events Unforeseeable Event

Defer Tax with a Like-Kind Exchange

RogerRossmeisl

The post Defer Tax with a Like-Kind Exchange appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs §1031 Exchange Automobile Dealership CPA Firm automotive cpa Like-Kind Exchange

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Management Fees, It’s Time To Review

KROST

Feature Jean Hagan Restaurant News Restaurant Newsletter California restaurant accountants Corporate Staff Labor Shortage Los Angeles CPA Firm los angeles tax firm Los Angeles Tax Planning Management Fees Pasadena CPA Pasadena CPA Firm.

Work in a CPA Firm Tax Department? Plan for Change.

AdviceForTaxpreparers

All Blog Posts Career Advice Office Skills Advice accountant cpa fired tax seasonMany current and future tax CPAs think they can control the flow of their careers when in most cases they are merely in the eye of the hurricane. But that doesn't mean you're without options. click to keep reading.].

The Cost Approach to Valuing a Business

RogerRossmeisl

The post The Cost Approach to Valuing a Business appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Valuation Cost ApproachThe cost (or asset-based) approach to valuing a business focuses on the balance sheet.

Factors To Consider When Choosing a Business Entity

RogerRossmeisl

The post Factors To Consider When Choosing a Business Entity appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Business Entity

Taking Advantage of the WOTC (Work Opportunity Tax Credit)

RogerRossmeisl

The post Taking Advantage of the WOTC (Work Opportunity Tax Credit) appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Work Oppotunity Tax Credit WOTC

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Which OEMs Will Survive the End of the ICE Age?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Automotive Technology Automobile Dealership CPA Firm automotive cpa Chinese Vehicles Electric Vehicles EVs Sandy Munro

How Entrepreneurs Expenses are Claimed on Tax Returns

RogerRossmeisl

The post How Entrepreneurs Expenses are Claimed on Tax Returns appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Startup Costs

Which are the Most Private Browsers?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Technology Automobile Dealership CPA Firm automotive cpa Browser Safety Naomi Brockwell

Possible Tax Consequences of Guaranteeing a Loan to your Corporation

RogerRossmeisl

The post Possible Tax Consequences of Guaranteeing a Loan to your Corporation appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Guaranteeing Loans

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Taking Marketability Discounts on Controlling Interests

RogerRossmeisl

The post Taking Marketability Discounts on Controlling Interests appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Marketability Discounts

California AB-150 Provides SALT Cap Work-Around

RogerRossmeisl

The post California AB-150 Provides SALT Cap Work-Around appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs AB-150 Automobile Dealership CPA Firm automotive cpa SALT Cap

Infrastructure Law Sunsets Employee Retention Tax Credit Early

RogerRossmeisl

The post Infrastructure Law Sunsets Employee Retention Tax Credit Early appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Employee Retention Tax Credit ERTC IIJA 2021 Infrastructure Investment and Jobs Act 2021

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