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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. Companies, not just CPA firms, are struggling to fill senior accountant roles and jobs for accountants with three to five years of experience. This has been my challenge with Minnesota.

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AICPA Releases Guidance on Changes to State Licensure Requirements

CPA Practice

The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted. For more information, please visit the AICPA’s resource page on protecting CPA mobility.

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Promotion Watch ’23: The Baker Tilly Partner Bench Is Now 44 People Deeper

Going Concern

With their leadership, I look forward to our continued journey creating the advisory CPA firm of the future, today.” Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Drysdale, CPA Tax – Private Client Services (Dallas, Texas) Heather M. Groppoli, CPA Assurance (Minneapolis, Minnesota) Sheanne M.

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If You Are Missing The Office

RitaKeller

I enjoyed my time with PWB CPAs & Advisors in Minnesota this week. Of course, I wasn’t there in person but speaking to their entire team (via Teams) about CPA firm communication was still a joy for me. Another week has passed by so quickly and things are changing at that same quick base.

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Does the 150 Hour Rule Provide Value to the Profession or to Students as Future CPAs? No, Says Professor

Going Concern

Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. This has been my challenge with Minnesota. The result is 26.4

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Offering Virtual CFO Services in the Cannabis Industry with Guillermo Rodriguez

Anders CPA

Guillermo (00:02:04) – And like most CPAs, I think I had the opportunity to go into industry or public accounting when I graduated college and I decided to go into industry and got my CPA. Visit our website SummitCPA.Net to get more tips and strategy for achieving modern CPA firm success.