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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. At WilkinGuttenplan, she focuses on the real estate industry and high-net-worth individuals. We could not be prouder of these two emerging leaders.

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Letters to the Editor: CPAs Give Their Perspectives on Why No One Wants to Be an Accountant Anymore

Going Concern

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

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Connecting Timekeeping with Practice Management for Law Firms

KROST

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more. KBI is led by KROST Principal Keith Hamasaki, CPA , and Director Ricky Yau, CISSP.

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Now the Profession Is Losing Experienced Accountants Too

Going Concern

Khokhar earlier this year joined JPMorgan Chase as a treasury sales associate in its commercial real-estate banking division. The AICPA often cites that the large pool of retiring Baby Boomers will leave a gaping hole in the supply of experienced CPAs.”

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CBIZ Picks Up Erickson, Brown & Kloster in Colorado

CPA Practice

Cleveland-based top 15 accounting firm CBIZ acquired Erickson, Brown & Kloster, a full-service tax, accounting, and business consulting firm located in Colorado Springs, on Feb. CBIZ’s last major transaction came a year ago when it acquired Indianapolis-based Somerset CPAs and Advisors.

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KROST Business Intelligence – Real-Time Data Insights for Middle-Market Businesses

KROST

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI), offering dynamic insights into realization, staff utilization, project turnaround, and more. KBI is led by KROST Directors Keith Hamasaki, CPA , and Ricky Yau, CISSP. Pasadena, CA.

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How To Fill Out Form 1065

xendoo

You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead. Form 1065 is due three months after the end of the tax year—on the 15th day to be exact. How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form.