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.

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.

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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.

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 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.

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?

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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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

How New Business Start-up Expenses are Handled on your Tax Return

RogerRossmeisl

The post How New Business Start-up Expenses are Handled on your Tax Return appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Start-up Expenses

Business Meal and Vehicle Expense Recordkeeping DOs and DON’Ts

RogerRossmeisl

Tax law “establishes higher substantiation requirements” for these and certain other expenses, The post Business Meal and Vehicle Expense Recordkeeping DOs and DON’Ts appeared first on Roger Rossmeisl, CPA.

California Main Street Small Business Tax Credit II Begins 11/1/21

RogerRossmeisl

The post California Main Street Small Business Tax Credit II Begins 11/1/21 appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Main Street Small Business Tax CreditCalifornia Assembly Bill No.

10 Facts About the Pass-Through Deduction for Qualified Business Income

RogerRossmeisl

The post 10 Facts About the Pass-Through Deduction for Qualified Business Income appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa QBI Qualified Business Income

Claiming a Theft Loss Deduction if Your Business is the Victim of Embezzlement

RogerRossmeisl

In order to claim a theft loss deduction, a taxpayer must prove: The amount of the loss, The post Claiming a Theft Loss Deduction if Your Business is the Victim of Embezzlement appeared first on Roger Rossmeisl, CPA.

Who in your Business Can Be Hit with the “Trust Fund Recovery Penalty”?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Trust Fund Recovery PenaltyThere’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees.

Tax Depreciation Rules for Business Automobiles

RogerRossmeisl

The post Tax Depreciation Rules for Business Automobiles appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Business Vehicle Depreciation

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Plan Ahead for the 3.8% Net Investment Income Tax

RogerRossmeisl

Net Investment Income Tax appeared first on Roger Rossmeisl, CPA. Tax Automobile Dealership CPA Firm automotive cpa Net Investment Income Tax NIITHigh-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax.

IRS Releases It’s “Dirty Dozen” Scam List for 2021

RogerRossmeisl

The post IRS Releases It’s “Dirty Dozen” Scam List for 2021 appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa IRS Dirty Dozen

IRS 2021 “Dirty Dozen”- Personal Information Cons

RogerRossmeisl

The post IRS 2021 “Dirty Dozen”- Personal Information Cons appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa IRS Dirty Dozen Phishing Scams Ransomware Social Media Scams

IRS 2021 “Dirty Dozen” – Pandemic-Related Scams

RogerRossmeisl

The post IRS 2021 “Dirty Dozen” – Pandemic-Related Scams appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa Economic Impact Payment Theft EIP Theft IRS Dirty Dozen IRS IP PINs Unemployment Fraud

IRS 2021 “Dirty Dozen” – Preying on Unsuspecting Victims

RogerRossmeisl

The post IRS 2021 “Dirty Dozen” – Preying on Unsuspecting Victims appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa IRS Dirty Dozen

IRS 2021 “Dirty Dozen” – Persuading Taxpayers into Unscrupulous Actions

RogerRossmeisl

The post IRS 2021 “Dirty Dozen” – Persuading Taxpayers into Unscrupulous Actions appeared first on Roger Rossmeisl, CPA.

What IRS Auditors Know About Your Business Industry

RogerRossmeisl

The post What IRS Auditors Know About Your Business Industry appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs ATG Audit Technique Guide Automobile Dealership CPA Firm automotive cpa

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.

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Update on California Classic Car Smog Exemption Bill AB 220

RogerRossmeisl

The post Update on California Classic Car Smog Exemption Bill AB 220 appeared first on Roger Rossmeisl, CPA. Automotive AB 220 Automobile Dealership CPA Firm automotive cpa Classic Car Smog Exemption

Which are the Most Private Browsers?

RogerRossmeisl

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

Payroll Provisions of the American Rescue Plan Act

RogerRossmeisl

The post Payroll Provisions of the American Rescue Plan Act appeared first on Roger Rossmeisl, CPA. Automotive Current Events Small Business Tax Briefs American Rescue Plan Act ARPA Automobile Dealership CPA Firm automotive cpa

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.].

Reporting M&A Transactions to the IRS

RogerRossmeisl

The post Reporting M&A Transactions to the IRS appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Form 8594 M&A Transactions

Does Your Dealership’s CPA Know the Auto Industry?

RogerRossmeisl

or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. Today, The post Does Your Dealership’s CPA Know the Auto Industry? appeared first on Roger Rossmeisl, CPA.

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PPP Loan Tax Consequences

RogerRossmeisl

The post PPP Loan Tax Consequences appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa PPP Loan

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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.].

Understanding How to Report Large Cash Transactions (Form 8300)

RogerRossmeisl

The post Understanding How to Report Large Cash Transactions (Form 8300) appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Form 8300 Large Cash Transactions

Cash in on Depreciation Tax Savers

RogerRossmeisl

The post Cash in on Depreciation Tax Savers appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs §179 Automobile Dealership CPA Firm automotive cpa Bonus Depreciation

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Ghost Employees and Other Payroll Scams

RogerRossmeisl

The post Ghost Employees and Other Payroll Scams appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa Ghost Employees Payroll ScamsGhost employees and other payroll scams are trouble for employers.

Not your father’s CPA firm: position your firm for the future workforce

ThomsonReuters

Progress in technology, changes in policy, and changes public opinion are a few of the factors that impact CPA firms and how they work within their team and with clients. . Beginning with your clients, how can your firm provide value to its customers?

Understanding the Passive Activity Rules

RogerRossmeisl

The post Understanding the Passive Activity Rules appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Passive Activity RulesAre you having difficulties understanding the passive activity rules?

Working with an Existing Auto Dealer for the First Time

RogerRossmeisl

The post Working with an Existing Auto Dealer for the First Time appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa

Temporary Relief for Employers Using Automobile Lease Valuation Rule

RogerRossmeisl

The post Temporary Relief for Employers Using Automobile Lease Valuation Rule appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm Automobile Lease Valuation Rule automotive cpa Notice 2021-7

Is Your Business Vulnerable to Identity Theft?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Fraud Briefs Automobile Dealership CPA Firm automotive cpa Identity TheftAccording to data company Dun & Bradstreet, business identity theft increased more than 250% in the first half of 2020.

Three steps to energizing your CPA firm staff after a year of change

ThomsonReuters

CPA firms are understandably exhausted after the past year, however, there is a tremendous opportunity for the accounting profession to reflect, reset, and energize staff with a fresh perspective infused with learnings from the 2020 tax season.

SBA Releases Interim Final Rules Regarding PPP Second Draw Loans

RogerRossmeisl

The post SBA Releases Interim Final Rules Regarding PPP Second Draw Loans appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa CAA 2021 PPP Loans

Working with a First-Time Auto Dealer

RogerRossmeisl

The post Working with a First-Time Auto Dealer appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa(Run Time: 1 min, 40 sec) Working with a first-time auto dealer is an important job. One reason is because everything is new.