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State CPA Society News & Updates – June 2023

CPA Practice

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

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Listicle of the Day: INSIDE Public Accounting’s Top 500 Firms For 2022

Going Concern

By comparison, the 400th firm on the Top 400 list — Delaware’s Santora CPA Group — came in with a little more than $8 million. Close to 100 acquisitions (of both traditional CPA firms and non-CPA firms) were reported by this group, pushing the overall growth rate to 15.6%, up from 8.3%

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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

Soroban Capital Partners (“Soroban”) is an investment firm which converted to a limited partnership from an LLC under Delaware Law with Soroban Capital Partners GP LLC (“Soroban GP”) being the general partner. Here’s what it is, how it happened, and why it matters. The Tax Court’s ultimate decision could be appealed to the U.S.

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1031 Exchange Explained: How to Pay Zero Tax on Real Estate Gains

LyfeAccounting

Or, you can put your 1031 money in a Delaware Statutory Trust or “DST”. If you’re looking for credible CPAs to help you with this, contact us today. An optional but highly recommended cost is to hire a CPA or tax attorney. So consider the costs to hire a competent CPA or attorney that specializes in 1031 exchanges.