Going Concern

SEPTEMBER 1, 2023

Talent Accounting Research Seeks to Find Solutions for Talent Shortage [ EIN Presswire ] The Center for Accounting Transformation, in collaboration with CPA Trendlines, is undergoing Staffing Strategies Research to understand how to address the talent shortage and identify workable solutions for firms and organizations of all sizes.

Account 100

Account accountant accounted audit 100

Going Concern

APRIL 5, 2024

CPA licensure program off to ‘promising’ start [ Journal of Accountancy ] 38 people huh? The Experience, Learn & Earn (ELE) program, a pilot program designed to help accounting graduates earn required academic credits for CPA licensure, has received early positive reviews.

auditor 81

auditor audit Oklahoma CPA 81

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. According to a lobbyist for the Iowa Society of Certified Public Accountants, fewer CPA firms are willing to audit government agencies.

Real Estate 102

Real Estate Iowa audit CPA 102

Ronika Khanna CPA,CA

APRIL 5, 2024

The deadline to file tax returns is quickly approaching, resulting in various degrees anxiety for some taxpayers and accountants. The most effective starting point is to evaluate your tax situation and prepare a checklist of the documentation that you will need with respect to your specific tax situation.

Tax 52

Tax tax return Education accounting and finance 52

CPA Practice

SEPTEMBER 11, 2023

Universities are exempt from paying taxes on that type of real estate revenue. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school. Nonprofit hospitals are not exempt.

Real Estate 115

Real Estate Tax Education Hospitality 115

CPA Practice

APRIL 6, 2023

The $80 billion in IRS funding over 10 years was ushered in under the Inflation Reduction Act — massive climate, energy, tax, and healthcare legislation passed along Democratic party lines last year.

audit 111

audit Tax tax return Healthcare 111

Cherry Bekaert

AUGUST 25, 2023

Once an estimate of benefit is established, it is often beneficial to consult with the business’s CPA to see if the amending the returns is worth the financial outlay. There are a few important things to remember when claiming the ERC tax credit. Qualification does not immediately generate benefit.

Pennsylvania 88

Pennsylvania Government tax return Tax 88

CPA Practice

MARCH 6, 2024

The Solopreneur Accelerator Program Just in time for tax season, Lettuce unveiled its Solopreneur Accelerator program, offering the first 1,000 solopreneurs who join a tailored business assessment to enhance profitability in 2024. To participate, register by March 31 at [link].

tax return 52

tax return Tax Healthcare tax services 52

CPA Practice

SEPTEMBER 12, 2023

Universities are exempt from paying taxes on that type of real estate revenue. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school. Nonprofit hospitals are not exempt.

Real Estate 95

Real Estate Tax Education Hospitality 95

Cherry Bekaert

SEPTEMBER 15, 2023

Once an estimate of benefit is established, it is often beneficial to consult with the business’s CPA to see if amending the returns is worth the financial outlay. For any schools that operate as a non-profit, there is no need to amend the 990 or other previous year tax filings. Lastly, remember to mail only the completed form.

Education 93

Education Government Non-Profits Tax 93

CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. For businesses structured as corporations, being an S Corp can help them avoid paying taxes at the corporate and shareholder levels.

New Hampshire 115

New Hampshire Tax tax return income tax 115

CPA Practice

MARCH 8, 2023

Survey respondents operate in nearly a dozen different industries, including: Telecommunications Oil and gas Insurance Finance Healthcare Construction Manufacturing Lodging and Hospitality Beverage alcohol Retail Business professional services The data included in this blog post represents the findings specific to enterprise companies.

Tax 105

Tax Technology accounting and finance tax return 105

CPA Practice

JULY 11, 2023

James is one of the firm’s leading experts in accounting for income tax, including accounting for mergers and acquisitions, in accordance with ASC 740. He has served clients in various industries, including healthcare, retail, manufacturing, technology and professional services. James is a graduate of Youngstown State University.

Real Estate 52

Real Estate West Virginia Construction Manufacturing 52

Snyder

FEBRUARY 12, 2023

From their side, the employer is responsible for: Paying their share of payroll taxes; Depositing tax dollars withheld from the employees’ paychecks; Preparing reconciliation reports; Accounting for the payroll expense; Filing payroll tax returns.

payroll tax 52

payroll tax payroll Tax income tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

1099-MISC Items such as rent payments, royalties, attorney settlements (as mentioned above, not payments for legal services ), and medical healthcare payments will still be reported on Form 1099-MISC , though the form has been redesigned and the boxes renumbered.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

1099-MISC Items such as rent payments, royalties, attorney settlements (as mentioned above, not payments for legal services ), and medical healthcare payments will still be reported on Form 1099-MISC , though the form has been redesigned and the boxes renumbered.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Anders CPA

JANUARY 23, 2023

Maddox, CPA in tax, Merella Schandl, MHA, CPMSM, CPCS in health care and Stephanie H. Jones, CPA in audit and assurance to principals at the firm. in Workforce Development and Training from Southern Illinois University, Carbondale before achieving her Master’ in Healthcare Administration from Lindenwood University.

Missouri 19

Missouri Real Estate Illinois public accounting 19

CPA Practice

DECEMBER 21, 2023

To help companies and individual taxpayers understand their planning options, Grant Thornton LLP, one of America’s largest professional services firms, has released 2024 tax-planning guides for businesses and individuals. Make up a tax shortfall with increased withholding.

tax planning 59

tax planning Tax Real Estate accounting and finance 59

LyfeAccounting

AUGUST 10, 2021

The tax code was written to provide for the average taxpayer, rather than to incentivize them. The government wants to make sure that this person has access to jobs, affordable housing, healthcare, and so forth. Therefore, the tax code does not incentivize the average taxpayer as much.

Real Estate 52

Real Estate Tax tax return tax preparation 52

ThomsonReuters

FEBRUARY 8, 2022

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. One significant trend sweeping the tax profession is the rise of value-added services. 3) Boost your firm’s reputation.

Tax 105

Tax Entertainment payroll bookkeeping 105

inDinero Accounting

JANUARY 9, 2023

Unlike a bookkeeper, a certified public accountant (CPA) can represent your business in a tax audit if your CPA is also an Enrolled Agent (EA) with the IRS. Accountants’ specialized knowledge can support your startup business in many ways.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

Becoming a certified public accountant (CPA) takes years of higher education (150 credit hours) and success in an exam as well as continuing education requirements. HIPAA insurance (in healthcare). Getting into legal troubles. Holding back your growth. Losing out on funding or contracts. Wrong or missing data for the big decisions.

Account 52

Account accountant accounted accrual accounting 52