RogerRossmeisl

MARCH 23, 2025

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Heres what you need to know as you assess your 2024 tax situation. appeared first on Roger Rossmeisl, CPA. The post Do You Have an Excess Business Loss?

income tax

CPA Practice

JULY 24, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. Click here to access this free whitepaper. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC. All rights reserved.

Technology

CPA Practice

JULY 29, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC. All rights reserved.

Technology

CPA Practice

JUNE 5, 2025

Thanks for reading CPA Practice Advisor! OBannon Technology June 5, 2025  Review of Power Automate – The Accounting Technology Lab Podcast – June 2025 Randy Johnston and Brian Tankersley, CPA, review Microsofts Power Automate, one of the robotic process automation tools available from Microsoft 365.

Texas

CPA Practice

JULY 15, 2025

Thanks for reading CPA Practice Advisor! CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000). OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

Technology

CPA Practice

JUNE 26, 2025

Perfect storm threatens industry laggards ​ The research indicates that success in the evolving tax and accounting landscape will depend not just on adopting AI technology, but on developing comprehensive strategies that address both technological implementation and workforce development challenges.​ Thanks for reading CPA Practice Advisor!

Technology

CPA Practice

JUNE 25, 2025

Thanks for reading CPA Practice Advisor! Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S. OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

management accounting

RogerRossmeisl

DECEMBER 15, 2024

However, as a household employer, its critical to understand your tax obligations, commonly called the nanny tax. If you hire a household employee who isnt an independent contractor, you may be liable for federal income tax and other taxes (including state tax obligations).

Tax

CPA Practice

JULY 7, 2025

AICPA and NASBA Recognize Top CPA Exam Performers with Elijah Watt Sells Award The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) congratulate this year’s winners of the Elijah Watt Sells Award. Yoshioka has applied for his CPA licensure in the U.S.

cpas

RogerRossmeisl

FEBRUARY 23, 2025

Business gain and loss tax basics The federal income tax character of gains and losses from selling business assets can fall into three categories: Capital gains and losses.

Sales

CPA Practice

JUNE 30, 2025

OBannon The Sales Tax Sisters, Mary Thomas (Attorney and CPA) and Stephanie Thomas (CPA), are excited to announce their partnership with Roundtable Labs to launch The Sales Tax Hive , a new roundtable community designed exclusively for bookkeepers, accountants, and finance professionals navigating the complexities of sales and use tax.

bookkeeping

RogerRossmeisl

JULY 3, 2025

This means that companies you work with typically don’t withhold income taxes, Social Security, or Medicare taxes from your pay. Instead, you’re responsible for tracking and paying these taxes yourself. The post How Working in the Gig Economy Affects Your Taxes appeared first on Roger Rossmeisl, CPA.

Tax

CPA Practice

JUNE 12, 2025

Thanks for reading CPA Practice Advisor! helps meet the growing needs of CPA firms by leveraging his experience to provide strategic technology assessments, planning, visioning and coaching. CPA Practice Advisor has products that deliver powerful content to you in a variety of forms including online, email and social media.

Technology

CPA Practice

JUNE 6, 2025

Thanks for reading CPA Practice Advisor! OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. To explore the Resource Center, visit ADP.com/AccountantResourceCenter. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC.

Technology

CPA Practice

JUNE 18, 2025

Thanks for reading CPA Practice Advisor! View more articles from Mary Girsch-Bock > CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. He officially joined the firm on May 12, 2025. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC. All rights reserved.

Technology

CPA Practice

JUNE 30, 2025

Δ Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. Email This field is for validation purposes and should be left unchanged. Δ © 2025 Firmworks, LLC.

Technology

CPA Practice

JUNE 20, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. million in COVID-19 relief loans in Pennsylvania. million in COVID-19 relief loans in Pennsylvania.

Pennsylvania

Going Concern

NOVEMBER 8, 2024

They don’t even have time to sit for their CPA exam because they’re working so many hours.” Tax Steps companies should take now to prepare for major tax legislation in 2025 [ EY ] Whether you call it the “Super Bowl of Tax” or “Taxmageddon,” one thing is clear: Congress is all but certain to consider major tax legislation in 2025.

Florida

CPA Practice

NOVEMBER 26, 2024

Notice 2024-85 , which was issued earlier today by the IRS, also announces that for calendar-year 2024, the IRS won’t assert penalties under section 6651 or 6656 for a TPSO’s failure to withhold and pay backup withholding tax during the calendar year.

E-commerce

RogerRossmeisl

APRIL 27, 2025

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent of passive income from other sources, if any. The post Are You a Tax-Favored Real Estate Professional?

Real Estate

Withum

NOVEMBER 25, 2024

Individual Income Tax Rates TCJA lowered the individual income tax rates and if TCJA expires the rates are set to go from 10%, 12%, 22%, 24%, 32%, 35%, and 37% to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Notably, the top individual income tax rate will increase from 37% to 39.6%.

Tax

CPA Practice

JULY 22, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. More information about Smart Intake can be found here. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC.

Technology

CPA Practice

JULY 22, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. The AICPA and CIMA Business Resilience Toolkit is available at [link]. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC.

Technology

CPA Practice

OCTOBER 29, 2024

The IRS noted that these groups aren’t subject to the corporate income tax, but instead income is “passed through” onto the income tax returns of the individual or corporate owners and taxed at their income tax rates.

income tax

CPA Practice

JUNE 18, 2025

AICPA Announces Retirement of Carl Peterson, Longtime Advocate for Small CPA Firms The American Institute of CPAs (AICPA) recently announced that Carl Peterson, vice president of small firm interests, will retire June 30. Peterson also served as a key liaison with state CPA societies and facilitated small firm roundtables nationwide.

accounting and finance

CPA Practice

JULY 8, 2025

Thanks for reading CPA Practice Advisor! OBannon Taxes July 7, 2025  What GenAI Means for the Future of Tax Work From flagging regulatory risks to modeling tax scenarios in real time, GenAI is changing the expectations around what’s possible—and what’s expected—in tax planning and compliance.

Technology

CPA Practice

JULY 1, 2025

Thanks for reading CPA Practice Advisor! OBannon Auditing June 25, 2025  PCAOB Permanently Bars Repeat Rule-Breaker Michael Studer, CPA, was permanently barred on June 24 and his firm, Michael T. Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S.

Technology

Anders CPA

DECEMBER 24, 2024

You can reference this economic nexus by state chart for the most up-to-date information regarding economic nexus thresholds for sales and use tax. Economic nexus for income tax purposes is limited by P.L. Key Definitions and How it Affects Your Business appeared first on Anders CPA.

South Dakota

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware

CPA Practice

JUNE 25, 2025

OBannon LeaseCrunch, a provider of cloud-based accounting software for CPA firms, today announces its rebrand as Crunchafi. The new identity signals a renewed commitment to providing purpose-built solutions that reduce friction, automate complex tasks and empower CPA firms with actionable financial insights.

cpa firm

CPA Practice

JULY 9, 2025

Thanks for reading CPA Practice Advisor! OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC. © 2025 Firmworks, LLC. All rights reserved.

Technology

CPA Practice

JULY 1, 2025

audit, tax and advisory firm, today announced its next Management Committee, effective July 1, 2025. audit, tax and advisory firm, today announced its next Management Committee, effective July 1, 2025. ” Thanks for reading CPA Practice Advisor! This team will be bold, and focused on helping our clients and people succeed.”

Technology

CPA Practice

JUNE 11, 2025

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accounting firms

Withum

JUNE 23, 2025

There are additional considerations with either method, such as fiscal year-end entities with calendar year-end partners, state and local income tax deductibility, and distributions in excess of basis. It is always advisable to consult with a tax advisor before implementing your payment plan.

income tax

Withum

JUNE 23, 2025

Pennsylvania has embarked on a significant tax reform journey by reducing its corporate net income tax (“CNIT”) rate. Author: Pam Wood , CPA | pwood@withum.com Contact Us For more information on this topic, please contact a member of Withum’s Law Firms Services Team.

Pennsylvania

CPA Practice

JUNE 17, 2025

This list ranks the top CPA firms by the number of SEC-registered hedge funds audited. Thanks for reading CPA Practice Advisor! OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

auditor

CPA Practice

JULY 14, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. She received her B.A.

West Virginia