CPA Practice

MARCH 26, 2024

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. We represent the voice of the CPA profession at the Arizona Capitol,” says Yandle.

Arizona 64

Arizona cpas CPA Louisiana 64

RogerRossmeisl

APRIL 17, 2024

Here’s how a fairness opinion from an independent business valuator can help protect against post-deal legal claims. However, fairness opinions don’t address legal or structural fairness, nor do they constitute an endorsement or a guarantee of a particular transaction.

Legal 202

Legal CPA 202

Anders CPA

DECEMBER 7, 2023

You’ll also learn how to compare your metrics to others in the legal industry. Request a Free Consultation The post RECORDED WEBINAR: Financial Metrics for the Legal Industry appeared first on Anders CPA. Overall, you’ll leave understanding where a law firm can utilize financial metrics to improve and grow their firm.

Legal 52

Legal CPA 52

RogerRossmeisl

APRIL 17, 2024

Preliminary digging If you receive a fraud tip, you’ll need to assess its validity by conducting preliminary interviews — even if you plan to eventually turn the investigation over to legal and fraud experts. To help avoid unnecessary legal complications, keep details.

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CPA Practice

MARCH 25, 2024

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. We represent the voice of the CPA profession at the Arizona Capitol,” says Yandle.

Arizona 52

Arizona cpas CPA Louisiana 52

Summit CPA

JULY 6, 2023

The Virtual CPA Success Show: Episode 84 Jamie and Joey welcome Sharon Toerek, founder of Legal + Creative , an intellectual property lawyer who helps marketers and agencies with brand protection and trademark issues.

Legal 52

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CPA Practice

JUNE 21, 2023

Artificial intelligence has been the focus of significant discussion within many professions, among them accounting, tax and legal. Furthermore, about half (52%) of all respondents believe that generative AI should be used for legal and tax work. How are these professionals facing this new technology with regards to risk and benefit?

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Legal tax accountant Tax Account 122

ThomsonReuters

MARCH 8, 2024

It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? To move forward and truly grow your CPA firm, you first have to know exactly where and who your firm is.

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cpa firm CPA Technology Tax 96

CPA Practice

OCTOBER 31, 2023

recruitment and/or hiring tool, then carefully review the contract to understand what, if any, indemnities or other protections you’re getting from a vendor to understand your legal risks should a legal challenge to your use of A.I. While internal information technology resources may be able to help monitor and audit the A.I.

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Legal audit payroll Technology 116

RogerRossmeisl

JULY 16, 2023

Probate is a court-supervised legal process intended to make sure a deceased person’s assets are properly distributed. However, going through probate typically means red tape, legal fees and your financial affairs becoming public information. The post Benefits of a Living Trust for Your Estate appeared first on Roger Rossmeisl, CPA.

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Legal CPA Tax 246

Going Concern

APRIL 12, 2024

Tax The Employee Retention Credit: New IRS Initiatives Raise Legal Considerations for Employers [ CPA Journal ] Employers and their advisors should carefully consider recent IRS initiatives concerning the Employee Retention Credit (ERC). His longtime CPA suddenly stopped answering his calls. appeared first on Going Concern.

CPA 104

CPA auditor Tax audit 104

RogerRossmeisl

FEBRUARY 18, 2024

However, there may be ethical and legal implications of using these applications. The post Generative AI Can Help Prevent, Detect and Investigate Fraud appeared first on Roger Rossmeisl, CPA. Gen AI can also help reduce, uncover and combat fraud. Traditional fraud detection engines rely on rules to detect suspicious activity.

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Legal CPA Technology 191

RogerRossmeisl

FEBRUARY 13, 2024

Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety C corporations for tax and legal purposes — except QSBC shareholders are potentially eligible to exclude from federal income tax 100% of their stock sale gains. That translates into a 0% federal income tax rate on QSBC stock sale profits!

Tax 198

Tax income tax Legal CPA 198

Summit CPA

OCTOBER 18, 2023

A conversation with Legal & Creative founder Sharon Toerek. It’s a reactive approach, and there are lots of reasons agencies take it, says Sharon Toerek, intellectual property lawyer and founder of Legal and Creative. A lot of digital agencies treat lawyers like firefighters that they only call when the building is in flames.

Legal 52

Legal Account accountant accounted 52

RogerRossmeisl

FEBRUARY 18, 2024

Typically, the valuator and client sign an engagement letter, which serves as a legally binding contract that helps the parties understand such parameters as the: Company being valued, Percentage or number of shares to appraise, Effective valuation date, Standard of value (such as fair market value, fair value or. The post Ready, Set, Value!

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Legal CPA 180

Going Concern

JULY 13, 2022

We’ve now learned that the government is sending subpoenas to CPA firms that referred clients to Alliantgroup and is seeking client tax returns as part of the investigation. The letter does advise however that clients are welcome to consult with their own attorneys to better understand their rights in this legal matter.

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cpa firm CPA tax return Government 137

CPA Practice

NOVEMBER 21, 2023

Stivers has had prior legal trouble over his actions as an accountant. He was a certified public accountant from 1989 until his CPA license was revoked in October 2015 after he pleaded guilty in Tennessee federal court in a case alleging tax fraud against a state legislator. ©2023 Lexington Herald-Leader.

Kentucky 64

Kentucky CPA Tax tax return 64

Going Concern

JULY 14, 2022

The CPA Evolution project continues to chug along as we inch closer and closer to 2024 and now NASBA and the AICPA are asking informed parties to comment on proposed Blueprints. Finalizing these Blueprints is one of the last steps in the process to launch a redesigned CPA exam that started back in 2020. ” [ JofA ].

CPA 52

CPA cpas Legal Tax 52

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users. Welsh said.

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CPA quickbooks Real Estate auditor 109

CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model. by revenue.

cpa firm 103

cpa firm CPA cpas Account 103

RogerRossmeisl

JULY 16, 2023

Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something — possibly something that will have negative financial and legal implications after the deal is complete. Not if your Seller’s Hiding Something appeared first on Roger Rossmeisl, CPA. The post Good Acquisition?

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forensic accounting financial statements Legal CPA 233

RogerRossmeisl

DECEMBER 15, 2022

As posted to IRS.gov as Tax Tip 2022-117 on 8/2/2022 A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. The post Worker Classification 101: Employee or Independent Contractor appeared first on Roger Rossmeisl, CPA.

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CPA Legal Tax cpa firm 229

Going Concern

MAY 30, 2023

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

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CPA institute of chartered accountants Government chartered accountant 97

Going Concern

JANUARY 6, 2023

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.

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cpa firm CPA New Hampshire Ohio 52

RogerRossmeisl

SEPTEMBER 26, 2022

The list is not a legal document or a literal listing of agency enforcement priorities. The post IRS Announces the “Dirty Dozen” Tax Scams for 2022 appeared first on Roger Rossmeisl, CPA. “Taxpayers.

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Tax CPA Legal Sales 242

Going Concern

JULY 1, 2022

Clever CPAs who get in on the ground will not only open themselves up to nearly unlimited billing potential (yay), they’ll be helping cannabis businesses navigate the as-yet murky waters of legit marijuana business. So how do CPAs get into this niche? “I tell everyone, 7 out of 10 Americans want legal cannabis.

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cpas CPA Legal cpa firm 70

Anders CPA

JANUARY 31, 2024

Reactive 401(k) planning limits your ability to resolve issues before they become larger, costlier and potentially legal problems. 401(k) audit director and practice leader Kim Moore, CPA , discussed ways to increase proactiveness with audit and assurance manager Karen Hill, CPA , on their podcast, 401(k) Audit CPA Success Show.

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audit CPA payroll Education 52

SkagitCountyTaxServices

SEPTEMBER 13, 2023

That means you can legally deduct those mounting start-up business expenses on your tax return. owner=19530343 For when you’re starting for the first time or starting all over again, Steve Padgett The post Padgett & Padgett, PLLC CPA on What “Open For Business” Means To The IRS appeared first on Padgett & Padgett, PLLC CPA.

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CPA tax return accounting and finance Start-ups 78

RogerRossmeisl

FEBRUARY 17, 2023

A solvency expert can help you and your legal counsel determine whether a liquidating business is capable of meeting its interest and repayment obligations. The post Keeping Debtors Honest with a Solvency Opinion appeared first on Roger Rossmeisl, CPA.

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CPA Practice

NOVEMBER 22, 2023

Stivers has had prior legal trouble over his actions as an accountant. He was a certified public accountant from 1989 until his CPA license was revoked in October 2015 after he pleaded guilty in Tennessee federal court in a case alleging tax fraud against a state legislator. ©2023 Lexington Herald-Leader.

Kentucky 52

Kentucky CPA Tax tax return 52

RogerRossmeisl

NOVEMBER 13, 2022

For example, someone who once worked in accounting might retain the ability to make journal entries even after transferring to the legal department. The post Preventing “Privileged User” Fraud and Abuse appeared first on Roger Rossmeisl, CPA. Or employees could collude with hackers.

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Legal CPA Account accountant 237

Anders CPA

OCTOBER 3, 2023

Failure to follow these guidelines, such as acquiring a fidelity bond , passing all discrimination testing and adhering to your contribution schedule to ensure you avoid late deposits, could result in hefty fines, legal liability and even jail time for extreme cases.

audit 52

audit CPA payroll Legal 52

RogerRossmeisl

JUNE 9, 2021

Unfortunately, there aren’t a lot of great legal remedies. Legal contract An insurance policy is a contract. The post Unreliable or Fraudulent Insurance Coverage appeared first on Roger Rossmeisl, CPA. It’s possible that just when you have the greatest need, you’ll find yourself out in the cold.

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Legal CPA 246

RogerRossmeisl

MAY 30, 2022

For example, a valuator might remove extraordinary or unusual items — such as proceeds from a legal settlement or short-term effects of hurricane damage — from a company’s income statement. The post Taking a Red Pen to Financials for Valuation Purposes appeared first on Roger Rossmeisl, CPA. Similarly, to better reflect.

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financial statements Legal CPA 242

Going Concern

MAY 12, 2023

Fired: job search or CPA exam? That backs up what tech executives working directly with legal firms have previously told CNBC, with one saying of his legal and accounting firm clients that the sentiment right now is not that AI replaces lawyers, but “lawyers using AI are gonna replace lawyers. appeared first on Going Concern.

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CPA Account accountant accounted 109

SkagitCountyTaxServices

MARCH 17, 2022

Pointers From Padgett & Padgett, PLLC CPA For Handling Business Debt “Creditors have better memories than debtors.” – Benjamin Franklin. On your team, Steve Padgett (360) 424-1040 Padgett & Padgett, PLLC CPA. And that’s what I want to talk about today… how is that business debt different from personal debt? Let’s jump in.

CPA 91

CPA Real Estate business tax Tax 91

RogerRossmeisl

MAY 30, 2022

Adding a new partner in a partnership has several financial and legal implications. The post Tax Considerations When Adding a New Partner at Your Business appeared first on Roger Rossmeisl, CPA. Let’s say you and your partners are planning to admit a new partner. Here are two issues to consider: First, if there’s a change.

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Tax Legal CPA business tax 241