Going Concern

APRIL 19, 2024

CPAs Have a Branding Problem for the Younger Generation [ CPA Journal ] By Jason L. Ackerman, CPA, CFP, CGMA Probably the hottest topic in the profession over the past few years has been the pipeline problem: Firms can’t find qualified individuals to handle the increasingly complex world that CPAs deal with on an ongoing basis.

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CPA Practice

APRIL 8, 2024

With the increasing complexity of tax laws and regulations, tax professionals are constantly facing challenges in keeping up with the ever-changing landscape. CPA Pilot ‘s AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly.

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Going Concern

APRIL 26, 2024

One of the Big Four firms, KPMG, has become the first white-collar British business to employ former prisoners as part of the government’s new pilot programme. Its part of a campaign by the Government urging the UK’s biggest businesses to recruit prison leavers as part of in order to reduce reoffending as well as growing the economy.

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MyIRSRelief

FEBRUARY 1, 2023

Tax anxiety, TAXIETY, comes in different forms of tax problems such as: What is an IRS audit taxiety? An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws.

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TaxConnex

NOVEMBER 15, 2022

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. One of these new areas, is often sales tax. Tax Code and the IRS). This is the sales and use tax.

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MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable.

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TaxConnex

JANUARY 12, 2023

It’s a fair bet, then, that sooner or later you’re going to be selling online into Puerto Rico, which has a sales tax. state with a sales tax has economic nexus thresholds – does Puerto Rico? Such companies must register with the Puerto Rico Department of Treasury and collect and remit Puerto Rico sales tax. Nexus for two years.

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CPA Practice

NOVEMBER 2, 2023

By Diana Crawford, CPA. One of the topics the minds of many tax and accounting professionals is the environment. ESG, as the movement is known, includes the aspects considered when companies invest in environmental, social, and corporate governance policies. Legislation is playing a role in this.

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LSLCPAs

MARCH 16, 2023

Because local governments rely on grants for funding projects not covered by tax revenue, knowing how to land a grant will help you serve your community in the best possible way. The post Effective Grant Management for Local Governments appeared first on LSL CPAs.

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Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

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CPA Practice

MARCH 24, 2023

Founded in 1897, the NYSSCPA offers networking opportunities for CPAs, along with CPE courses and conferences, over 50 committees that cover various specializations, and also publishes the CPA Journal. NYSSCPA currently has 15 chapters throughout the state of New York and is currently governed by a 39-member board of directors.

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TaxConnex

NOVEMBER 22, 2022

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Mark Friedlich, CPA, vice president of U.S. Another cost-effective approach to adding sales and use tax advisory services: partnering with sales and use tax experts.

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CPA Practice

SEPTEMBER 28, 2023

The American Institute of CPAs has submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on October 1, 2023.

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MyIRSRelief

OCTOBER 28, 2022

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. The board uses several methods to collect owed taxes.

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CPA Practice

MARCH 21, 2024

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. Soroban GP challenged this increase in Tax Court. By Julie M. At the end of 2023, the U.S.

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CPA Practice

JUNE 15, 2023

State CPA Societies in Action is a series of articles spotlighting the varied Founded in 1905, the Florida Institute of Certified Public Accountants (FICPA) is the premier association serving CPAs, accountants and financial professionals in the state of Florida.

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CPA Practice

AUGUST 16, 2023

Crypto mining operations—the process of creating new digital coins—have unique tax issues because the rules aren’t clear if miners are taxed as cryptocurrency investors or business owners. There’s different tax implications depending on the answer to that,” Ms. Connolly said. And that’s just the beginning.

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CPA Practice

MAY 10, 2024

AICPA News is a recap of recent announcements from the American Institute of CPAs. Accounting graduates are recruited into the program by accounting firms (businesses and government entities can also sponsor candidates), which agree to employ them. Section 2632(c) provides for the allocation of the GST exemption.

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CPA Practice

MAY 7, 2023

More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income for property owners across the U.S. Tax savings from the Augusta rule are best taken when planned prior to the deduction. throughout the year.

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LSLCPAs

AUGUST 31, 2023

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. There are different tax credits available for these types of purchases made for your primary residential home, and also for businesses.

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CPA Practice

APRIL 17, 2023

As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax strategies.

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Going Concern

DECEMBER 1, 2023

Deloitte Asks Some China Staff to Take Unpaid Leave [ Bloomberg Tax ] Deloitte has asked some China staff to take unpaid leave between December and February, Hong Kong media HK01 reports, citing unidentified people. Some folks aren’t fans of CPAs edging in on their territory it seems. “Yeah, CPAs and the AICPA.

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Going Concern

DECEMBER 8, 2023

Cohen began its professional practice in 1929 and is highly regarded in the Philadelphia area for their experience in audit and tax planning, and compliance. 15, when money will be sent out to county governments and other localities. Cohen & Co., McKonly & Asbury ] The merger will be effective January 1, 2024.

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LSLCPAs

AUGUST 31, 2023

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. There are different tax credits available for these types of. The post Save on Taxes with Federal Energy Saving Credits While You Save the Planet! appeared first on LSL CPAs.

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MyIRSRelief

AUGUST 1, 2022

According to the most up-to-date US Tax Code, all US-based business employers are required to file employment 941 / 940 Payroll Tax forms with the IRS every quarter and year-end at a prescribed date. These tax professionals can be your best friend when it comes to dealing directly with the IRS. Medicare tax.

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CPA Practice

NOVEMBER 6, 2023

The AICPA Leadership Academy was designed to strengthen and expand the leadership skills of promising young professionals while they network with a peer group of talented and motivated CPAs. Participants were selected from public accounting firms of all sizes, business and industry, government and consulting firms.

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ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data.

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CPA Practice

MARCH 8, 2024

The American Institute of CPAs has submitted a letter to the U.S. IRS guidance and regulations have not yet caught up with the wide range of digital asset issues we are seeing today,” says Peter Mills, Senior Manager, AICPA Tax Policy & Advocacy. “It

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CPA Practice

DECEMBER 18, 2023

The American Institute of CPAs has announced that 36 CPAs from around the country have graduated from the AICPA Leadership Academy, a program designed to expose the next generation of CPAs to a strong ethic of leadership and service. The program, now in its 15th year, was held in Durham, N.C., from December 11-14.

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Going Concern

MAY 3, 2024

That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement.

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CPA Practice

JULY 6, 2023

Lee is a current member of the Suffolk Chapter and currently serves on the NYSSCPA’s Audit, Government Accounting and Audit, and Nor-for-Profit committees. London, Vice President: London is the tax partner emeritus at Wiss & Company, LLP. in accounting and tax from St. He has been a member of the Society since 1998.

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CPA Practice

DECEMBER 18, 2023

In a recent letter submitted to the Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) expressed concerns with the timing currently involved with the procedure for business entities organized in the U.S. currently may do. This echoes recommendations submitted by the IRS Advisory Council.

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Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies.

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Going Concern

APRIL 21, 2022

For example, the AICPA’s idea of expanding its membership by opening the certified in financial forensics (CFF) certification to non-CPAs runs counter to the exclusivity of the CPA brand. The proliferation of regulations from federal, state, and local governments requires well-educated individuals to ensure compliance.

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CPA Practice

AUGUST 3, 2023

The American Institute of CPAs & Chartered Institute of Management Accountants, together as the Association of International Certified Professional Accountants, have named Melanie Lauridsen as the new Vice President for Tax Policy & Advocacy, leading the Association’s important tax advocacy mission, effective August 1, 2023.

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inDinero Tax Tips

AUGUST 29, 2023

Don’t Even Try Deducting These 13 Non-Deductible Business Expenses Frequently Asked Tax Deduction Questions Conclusion What Are the IRS Rules for Non deductible Business Expenses? There are many ways businesses can lower their tax liability. For another example, property taxes on your business’s office space are deductible.

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Going Concern

FEBRUARY 16, 2024

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? I’m a professional tax preparer.”

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