Accounting Today

JULY 29, 2025

With this acquisition, Sage now sports a full expense management solution, which Dan Miller, Sage executive vice president of financials and ERP, said had long been a major pain point for customers considering how time-consuming and manual it could be. All rights reserved. The financial terms of the deal were not disclosed.

Expense Management

Going Concern

NOVEMBER 1, 2024

An auditor’s objectivity, both real and perceived, is critical to the business of accounting firms, which typically also have consulting and tax operations. He succeeds Chris Martin, who has taken on a leadership role within the firm’s tax practice, the firm announced. That Worries Some Regulators.

audit

Going Concern

JANUARY 24, 2025

Tax MicroStrategy Suddenly Has a Tax Problem, and Needs Help From Trumps IRS [ Wall Street Journal ] If you think MicroStrategys business model is wild, wait until you see its tax issues. In an unusual twist, it could have to pay federal income taxes on those paper gainseven if it never sold a single bitcoin.

audit

Going Concern

FEBRUARY 7, 2025

AI Americans trust AI more than a CPA to do their taxes, according to new research [ Fortune ] Only 2 in 5 Americans are confident about their tax filing game, according to a new survey from Invoice Home. Nearly 43% of respondents say they would trust artificial intelligence for help more than tax professionals like CPAs.

cpas

Going Concern

JANUARY 17, 2025

Werfels decision to quit on Inauguration Day sidesteps a looming confrontation between the tax agency chief and the incoming administration. Lyon, who runs the auditing firms national economics and statistics tax policy services economics group, previously served as deputy assistant secretary for tax analysis during the George W.

South Carolina

CPA Practice

JULY 15, 2025

Toy prices increased at the fastest pace since early 2021, while the costs of household furnishings and sports equipment climbed by the most since 2022. 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.

Technology

RogerRossmeisl

NOVEMBER 13, 2022

In addition to money laundering, tax evasion and terrorist funding, NFTs are being used to commit fraud and steal from unsuspecting asset buyers. Snapshot view In their simplest form, NFTs are immutable digital assets — often related to art, sports, music, digital culture and avatars — linked to the blockchain, the digital ledger.

Sports

KROST

NOVEMBER 22, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Alan Lo. CPA, MAcc & Randall Poe. The post Cashflow Strategies for the Sports & Entertainment Industry appeared first on KROST.

Entertainment

CPA Practice

AUGUST 1, 2024

Top 25 accounting firm Carr, Riggs & Ingram (CRI) CPAs and Advisors has added ProSport CPA—a New Kent County, VA-based firm that specializes in tax and accounting services within the sports and entertainment niche—to CRI’s family of companies.

CPA

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune. They’re reported on the “Other income” line of your 1040 tax return. You must separately keep.

Gambling

CPA Practice

AUGUST 19, 2024

By Mark Luscombe, CPA, JD, LLM. athletes have received financial assistance to help them devote their time to training for the games from family, friends, sponsors, international or national sports organizations, their national Olympic committee, or even GoFundMe appeals. taxed Olympic medal winners on the value of the medals won.

Tax

BuildYourFirm

APRIL 14, 2020

Guest Bio: Corey Lord, Lord CPAs CEO. Corey is the CEO and a Client Ally at Lord CPAs. Corey took over Lord CPAs from his father in. 2010 and has since transformed the firm from a traditional tax-focused firm to an advisory and consultancy firm for craft food and beverage businesses. He is a licensed CPA in Michigan.

Michigan

KROST

OCTOBER 26, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Client Accounting Service Strategies for Success in the Sports & Entertainment Industry” by Stacey R. The post Client Accounting Service Strategies for Success in the Sports & Entertainment Industry appeared first on KROST.

Entertainment

MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

tax services

CPA Practice

JUNE 5, 2023

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. What is the jock tax?

income tax

Anders CPA

OCTOBER 2, 2023

Schindler, CPA has been named to St. About Dan Schindler Dan’s unwavering dedication to his clients has followed him from his first year at the firm as a tax intern through his journey to partner. The post Anders Tax Partner Dan Schindler Named a Best Accountant by St. Louis Small Business Monthly’s Best Accountants list.

Tax

KROST

NOVEMBER 9, 2023

The post Understanding the Complexities of Tax for Professional Athletes appeared first on KROST.

Sports

Withum

JUNE 4, 2025

Withum is proud to announce that the San Francisco Business Times has named Harman Dhanda , CPA, to its quarterly Next Generation in Accounting List. Harman, a Tax Manager with over five years of experience, specializes in tax leadership within the Firms sports tech industry and digital assets sector.

Sports

Anders CPA

JULY 26, 2022

The Missouri Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Missouri, the tax-free holiday starts at 12:01 a.m. During this period, qualified purchases are exempt from sales tax. WHAT ITEMS ARE EXEMPT FROM SALES TAX? WHICH STATES DOES THIS APPLY TO?

Missouri

CPA Practice

SEPTEMBER 30, 2024

The Internal Revenue Service has issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions. Sales of other livestock, such as those raised for slaughter or held for sporting purposes, or poultry, are not eligible. 1, 2023, and Aug.

Tax

CPA Practice

FEBRUARY 19, 2025

The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep.Dina Titus, D-Las Vegas.

Nevada

Going Concern

FEBRUARY 2, 2023

” To put things into perspective for the normies who may not understand that accountants’ work is critical to the entire foundation of our financial system, he likens accountants to referees, the order-keepers of sports: “We may not always like the referees, but sports is a free-for-all without them,” he said.

Sports

ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

Gambling

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. Contact us today for all you tax and accounting needs.

accounted

CPA Practice

JUNE 13, 2023

Last Friday, the IRS’s Chief Counsel’s office released a memo stating that donations made to nonprofit NIL collectives are not tax exempt. Sports Illustrated first reported the development. THE Foundation tweeted in response to the IRS ruling, saying all donations through its website “remain tax deductible.” “Our

Ohio

CPA Practice

FEBRUARY 6, 2023

Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits. Under new federal tax credits, SUVs, trucks and vans can cost up to $80,000 and still qualify for a $7,500 credit.

Tax

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

CPA Practice

MAY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday? By Gail Cole.

Sales

CPA Practice

FEBRUARY 1, 2024

Under the so-called “Augusta rule,” homeowners can avoid any tax consequences for certain short-term rentals. Let’s start with this basic tax premise. Conversely, you can offset this tax liability with deductions for related expenses, including mortgage interest, property taxes, insurance, repairs, utilities, etc.,

Tax

CPA Practice

JANUARY 10, 2024

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. This can result in much lower gross winnings and, therefore, lower taxes owed.

Gambling

CPA Practice

NOVEMBER 27, 2023

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. Instead and Instead Pro offer seamless Augusta Rule savings estimation to help plan, calculate, document and file a return.

tax planning

CPA Practice

SEPTEMBER 17, 2024

Donations include classroom essentials, office supplies, arts and craft materials, educational products, books, backpacks, party goods, cleaning supplies, sporting goods, software, and much more. In return for their donations, they receive significant tax deductions. Donors include leading American companies.

Tax

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Rules for tax-free shopping can vary from state to state. So, just because something is tax-exempt in one state doesn’t mean it will be in another. Does Summer Camp Qualify for a Childcare Tax Credit?

Sales

CPA Practice

JULY 6, 2023

If the organization that is running the project qualifies as a 501(c)(3) organization under the tax code, the full amount of your contributions is generally tax- deductible within generous annual limits. However, other types of tax-deductible contributions may go in a different direction. That’s a relatively common scenario.

Tax

CPA Practice

MAY 26, 2023

With additional reporting by CPA Practice Advisor staff. On Thursday, May 25, Governor Ron DeSantis of Florida signed a bill to approve legislation that provides six sales tax holidays in the state. The bill also establishes numerous new permanent Florida sales tax exemptions.

Florida

xendoo

NOVEMBER 1, 2021

You might not be thinking about taxes until closer to the deadline, but planning your eCommerce tax deductions is a year-round process. If you run an online business, investing in tax-deductible business expenses can reduce your tax burden and increase your profits. Property taxes. Homeowner’s insurance.

Tax

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks