Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The legal side of your entity type relates to your legal protection or future equity expectations for the business. You really should review this periodically as laws and tax code do change. Sources Carbajo, Marco.

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Going Concern

OCTOBER 20, 2023

The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. Brentwood-based LBMC, a business consulting and financial services firm, will welcome Louisville-based accounting firm Strothman & Co under its family of companies.

CPA 103

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Going Concern

SEPTEMBER 29, 2023

And CPAs in this space know what that means in terms of legal exposure. Rapid growth is great news for accounting firms. But when it takes place in situations of significant information asymmetry between companies and investors, CPA firms should beware.

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KROST

MAY 11, 2022

Requires filing of an income tax return. Requires filing of a gift tax return. Any appreciation in Trust B is subject to income or capital gains tax by the beneficiaries when the beneficiaries sell the appreciated assets. Requires a separate tax return. Requires a separate tax return.

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CTP

NOVEMBER 16, 2023

And forget about tax research software and a legal library – at the end of the day most small tax business owners just can’t afford “big firm” resources. But tax planning is fun! Finding good classes is a challenge, not to mention finding the time to attend classes.

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Going Concern

JUNE 10, 2022

The jury also convicted Todd and Julie Chrisley and their accountant, Peter Tarantino, of a number of tax crimes, including conspiring to defraud the IRS. The Chrisleys were found guilty of tax evasion, and Peter Tarantino was found guilty of filing two false corporate tax returns on behalf of the Chrisleys’ company.

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Going Concern

JUNE 23, 2023

Office Hours: CPA Firms Shift Toward More In-Person Collaboration and More Square Footage [ INSIDE Public Accounting ] Three years after accounting professionals were forced home by COVID and then back to the office, at least part of the time, firms are beginning to settle into a new normal. million in additional restitution.

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ThomsonReuters

JUNE 15, 2023

The right software allows your firm to: Update tax returns as soon as regulatory changes are implemented. The software acts like a spell-checker for tax returns, alerting your staff to conflicts such as missing data and incorrect numbers. The software automatically updates behind the scenes.

Technology 92

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Snyder

AUGUST 12, 2022

Among the primary functions of accounting are to prepare and analyze: Financial audits Forecasting Financial planning and long-term budgeting Tax returns Performance optimization. If your business already has a bookkeeper, but you begin to struggle with legal financial questions, it might be time to hire an accountant.

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CPA Practice

JANUARY 12, 2024

But one of the one of the major things I think that needs to be said about it is that the major the major AI initiative that TR is chasing is the is incorporating sure preps document and information ingesting process on the front end of a tax return. And so they’re trying to use automation technology. Randy Johnston 11:39 Yeah.

Technology 40

Technology Account accountant accounted 40

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. Some observers estimate that in five years, 20% of CPA firms will be private equity–sponsored.

CPA 99

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Going Concern

AUGUST 4, 2023

Less than 1% of firms can find enough staff [ Accounting Today ] Relatively few CPA firms are able to find enough employees to fill their ranks and are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven’t graduated college, according to a new survey.

cpa firm 95

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Going Concern

JANUARY 13, 2023

million criminal penalty for its conviction on felony tax fraud and other charges, a stinging rebuke and the maximum possible punishment. With baby boomers reaching retirement age and fewer accounting graduates choosing to enter public accounting, the pool of talent available to CPA firms is shrinking at both ends.

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