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The accounting profession is undergoing a significant transformation as more non-CPAs acquire CPA firms. While private equity firms buying large CPA practices may make headlines, a more impactful shift is happening beneath the surface. The Trend: Why Are Non-CPAs Buying CPA Firms?
If a worker is classified as an employee, your business must: Withhold federal income and payrolltaxes, Pay the employer’s share of FICA taxes, Pay federal. Make Sure You’re Doing it Right appeared first on Roger Rossmeisl, CPA. The post Hiring Independent Contractors?
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.
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.
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.
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!
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.
Businesses, especially in industries like trucking or hospitality, face additional risks from fraudsters promising to resolve payrolltax issues without proper credentials. The consequences can be severe: stolen identities, drained bank accounts, or unresolved tax liabilities that accrue penalties.
Its called the 100% penalty because the entire unpaid federal income and payrolltax amounts can be assessed personally as a penalty against a responsible person, or several responsible persons. The post Small Business Alert: Watch Out for the 100% Penalty appeared first on Roger Rossmeisl, CPA.
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.
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.
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.
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.
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.
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.”
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.
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. Starts at just $28/month. AI Answering Services is now available to all accounting firms across the U.S.
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.
Many large CPA firms offer financial advisory services including family office services for high-net-worth families. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients. Lastly, charitable giving management is often a major component of family office services.
File a Final Tax Return When dissolving a business, one of the key steps is filing the last federal, state and local tax returns. Any outstanding tax obligations must be paid. If applicable, final payrolltax returns must also be filed and payroll accounts closed, as well as any sales tax.
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.
Thanks for reading CPA Practice Advisor! A former QuickBooks beta tester, Mary has been a featured regular contributor to CPA Practice Advisor since 2002, and she has also been published in The Motley Fool , The Blueprint , and Property Manager.com. He is admitted to the New York State Bar and the U.S. Supreme Court.
Despite a decline in the overall volume of city tax rate changes this year (from 159 in 2024 to 117), most of these changes were increases. Thanks for reading CPA Practice Advisor! CPA Practice Advisor has products that deliver powerful content to you in a variety of forms including online, email and social media.
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. debt on the economy. debt on the economy. To see additional findings from Grant Thornton’s Q2 2025 CFO survey, visit: [link].
TAX CANDIDATES FTE Tax Senior | Candidate ID #23636747 Certifications: EA Education: BS Experience (years): 5 years tax experience Work experience (detail): All in public accounting 5 tax seasons preparing returns for HNWIs and SMBs 300+ returns per season, 50-50 individuals, businesses Client-facing with S-Corps, partnerships, trusts Business development (..)
Jason Bramwell Fort Lauderdale, FL-based accounting firm Alpine Mar has expanded its client offerings to include assurance services after acquiring Elliot Melamed PA, a boutique CPA firm in Coral Springs, FL. Thanks for reading CPA Practice Advisor! Financial terms of the deal weren’t disclosed.
The company is also offering a 100% money-back guarantee for subscribers to its TaxPlanIQ Growth Plan who, over 12 months, complete 12 trainings, present 10 tax plans to verifiable clients or prospects, and participate in five 1:1 tax plan reviews with a TaxPlanIQ Concierge CPA Consultant.
TAX CANDIDATES FTE Tax Senior | Candidate ID #23616387 Certifications: EA Education: BS Accounting, MS Taxation Experience (years): 10+ tax and accounting Work experience (detail): 6+ in public accounting 3 in healthcare industry Full cycle accounting and financial reporting Prepared tax filings for individuals, SMBs, partnerships, nonprofits 30% review (..)
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