LyfeAccounting

JULY 23, 2021

This is the number one way real estate investors accumulate wealth and that is the 1031 exchange. The 1031 exchange specifically comes from Section 1031 in the Internal Revenue Code, and it allows real estate investors to defer paying taxes on real estate gains. What is a 1031 Exchange.

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LSLCPAs

JULY 13, 2021

The post Real Estate Investors and Owners may be eligible for Energy-Efficient Home Tax Credit appeared first on LSL CPAs.

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CPA Practice

JANUARY 30, 2024

Syracuse, NY-based accounting firm Bowers CPAs & Advisors has expanded its presence in Rochester after combining with Kasperski Dinan & Rink CPAs on Jan. Financial terms of the deal weren’t disclosed.

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Going Concern

SEPTEMBER 1, 2022

The numbers don’t lie: of 658,267 actively licensed CPAs in 53 of the 55 licensing jurisdictions, less than 1% are Black (2020 data), a number that has remained largely unchanged in 40 years. The post Letters to the Editor: CPAs Give Their Perspectives on Why No One Wants to Be an Accountant Anymore appeared first on Going Concern.

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CPA Practice

JUNE 10, 2024

Let’s say you’re a real estate professional. You need to have 750 hours a year of aggregated time in real estate activities to qualify as a real estate professional in the eyes of the IRS. They ask for documentation to show that you spent 750 hours on real estate-related tasks during the year in question.

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CPA Practice

AUGUST 16, 2023

For federal tax purposes, the IRS treats digital assets as “property,” and therefore transactions involving virtual currency are subject to the same general tax rules that apply to property transactions involving stock or real estate. NFTs also are included in the IRS question on tax forms related to digital assets.

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RogerRossmeisl

OCTOBER 30, 2023

179 deductions can also be claimed for real estate qualified improvement property (QIP), up to the maximum allowance. The post Update on Depreciating Business Assets appeared first on Roger Rossmeisl, CPA.

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CPA Practice

JUNE 11, 2024

Let’s say you’re a real estate professional. You need to have 750 hours a year of aggregated time in real estate activities to qualify as a real estate professional in the eyes of the IRS. They ask for documentation to show that you spent 750 hours on real estate-related tasks during the year in question.

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Anders CPA

APRIL 17, 2024

University of Missouri alumnus and longtime supporter Craig Campbell, CPA/CGMA , Tax Partner at Anders CPAs + Advisors, was selected as a Citation of Merit recipient for 2024 by the University of Missouri’s Robert J. Trulaske, Sr. College of Business. This represents the most prestigious award that the college bestows.

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Going Concern

JANUARY 20, 2023

What about commercial real estate? MCM CPAs & Advisors LLP has, to my knowledge, never been mentioned on this website in the 14 years we have existed. Louisville has so many incredible areas for commercial real estate, but I’m excited that we reaffirmed our commitment to the Central Business District.

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CPA Practice

JANUARY 3, 2024

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024.

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CPA Practice

MAY 10, 2024

Thimjon – Ernst & Young LLP | Indiana University Bronze Medal (Tie) • Scott Klamm – Kuhn & Company, CPAs | Northeastern Illinois University • Collin C. Bradley University The Oklahoma Society of CPAs (OSCPA) recently announced that two OSCPA members have been inducted into the Wilton T. Martin – Gorenz and Associates Ltd.

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CPA Practice

NOVEMBER 6, 2023

At WilkinGuttenplan, she focuses on the real estate industry and high-net-worth individuals. 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.

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CPA Practice

NOVEMBER 29, 2023

Emily Murphy, CPA, to Senior Audit Manager: Beginning her public accounting firm with Hood & Strong in 2013, Murphy oversees the audit process for closely held businesses and nonprofit organizations. She is a member of the American Institute of CPAs and the California Society of CPAs.

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TaxConnex

JANUARY 12, 2023

Some of these services are architects and landscape architects; CPAs and tax return specialists; agents, vendors and real estate companies; draftsmen; appraisers of real estate; and engineers and surveyors. Designated professional services and B2B services are taxed at a 4% rate.

Sales 130

Sales Tax Real Estate Manufacturing 130

FusionCPA

NOVEMBER 2, 2020

You need to be careful when it comes to your real estate investment firm accounting. The way that you do your real estate investment firm bookkeeping either hinders or allows you to analyze your business’s financial health.

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Going Concern

DECEMBER 8, 2023

Education: BA in Accounting, MA in Taxation Time zone: ET Salary: $180K Sign up to learn more about Candidate ID #18823206 The post Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23 Tech Stack: RIA Checkpoint, GoSystems, InSource, etc. appeared first on Going Concern.

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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? Year-on-year growth of 16.4%, including 13.3%

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CPA Practice

OCTOBER 16, 2023

Here’s how this home sale strategy can help your clients be more tax savvy while navigating today’s real estate market. For example: Rental real estate is considered like-kind property; real estate investors can exchange rental property for other rental property. Rahill, CPA/PFS, JD, LL.M.,

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CPA Practice

AUGUST 21, 2023

The decision to stay or to move should be made collaboratively among the individuals, their families, and professionals, such as doctors, CPAs, and estate planners who look after the client’s best interests. What are the legal and financial ramifications of selling a home? Can they, or how can they, afford assisted living?

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CPA Practice

JANUARY 2, 2024

Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner. In his role as Audit Partner, effective December 1, Tang will be responsible for leading engagement teams that conduct audits of financial statements and other assurance services for public companies in a variety of different industries.

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Going Concern

MAY 31, 2023

“With their leadership, I look forward to our continued journey creating the advisory CPA firm of the future, today.” Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Badani, CPA Assurance – Financial Services (Irvine, California) Ashley R. Schmittlein Jr.,

Wisconsin 52

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CPA Practice

JUNE 5, 2023

Prior to joining FORVIS, Shekel led the valuation advisory services for professional M&A and accounting firms with a focus on middle-market business development companies, private-equity funds, and real estate entities. Shekel is a registered CPA and Accredited in Business Valuation (ABV). To donate to the Amy A.

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CPA Practice

DECEMBER 19, 2023

CPAs & Advisors (RBC). Founded in 1986, RBC has deep experience providing accounting and business consulting services to its clients, especially those in the construction and real estate industries. Top 30 accounting firm Aprio has expanded into Texas after merging with San Antonio-based Ridout Barrett & Co.

Texas 64

Texas accounting firms Real Estate Construction 64

CPA Practice

FEBRUARY 8, 2024

Founded in 1984, EBK provides tax and accounting services to a diverse mix of businesses, including automotive, wholesale, medical services, real estate, manufacturing, and nonprofit. CBIZ’s last major transaction came a year ago when it acquired Indianapolis-based Somerset CPAs and Advisors.

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CPA Practice

AUGUST 1, 2023

Michelle Freeman, CPA – Women to Watch (Experienced Leader) Award East Tennessee State University – Greeneville, Tennessee Ellen Lipe, CPA, SFO, CMFO – Women to Watch (Emerging Leader) Award Greeneville City Schools – Greeneville, Tennessee The Ohio Society of CPAs or OSCPA recently announced the Power of Change honorees for 2023.

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CPA Practice

MARCH 13, 2023

Dempsey has more than 25 years of experience providing tax compliance and consulting services to medium-sized, closely held businesses and related owners in industries including health care, senior living, retail, manufacturing and distribution, professional services and real estate. BST & Co.

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BuildYourFirm

OCTOBER 28, 2020

Real Estate Leasing (Commercial) – While the residential market is red hot in many parts of the country, the commercial real estate market is very soft, particularly in larger cities and shopping areas. The post Interesting Niches under a COVID Cloud appeared first on Marketing Accounting Firms and CPAs.

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Real Estate Hospitality Technology Entertainment 130

KROST

MAY 23, 2022

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more. ABOUT KROST CPAs & CONSULTANTS. Pasadena, CA. Ricky Yau, CISSP , Director.

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Going Concern

JANUARY 3, 2024

From the above JofA article: Unlike you, ChatGPT and other generative AI tools have not been formally educated and trained in the practice of public accountancy and are not licensed CPAs. It is important to supervise and review the output from generative AI just as you would the work of any other engagement team member. Checkmate, robots.

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CPA Practice

JUNE 13, 2024

Intentionally Defective Grantor Trusts (IDGTs) IDGTs are very effective tools for transferring wealth, especially for appreciating assets like family businesses or real estate. By designating a trust as “intentionally defective,” the grantor separates the income tax responsibility from the estate and gift tax implications.

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CPA Practice

DECEMBER 12, 2023

With their recognition as a leader in the construction industry and the San Diego member firm of Construction Industry CPAs and Consultants (CICPAC), they will be a fantastic addition to Eide Bailly.” The decision to join forces with Eide Bailly was easy as our values align seamlessly,” said Scott Trendel, a partner at RBTK.

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KROST

AUGUST 10, 2021

We are proud to recognize Keith as an integral member of the KROST team and of the Los Angeles minority CPA community. Los Angeles Business Journal Minorities of Influence: CPAs. Keith Hamasaki, CPA, Director. View all our Assurance & Advisory Services on our landing page ».

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Going Concern

MARCH 22, 2024

. “We enter our fiscal 2025 with many of the socio-economic issues we had in fiscal 2024: high inflation and interest rates, tightened lending, uncertainty in the real estate markets, global conflicts.” Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000.

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Going Concern

OCTOBER 25, 2022

It’s 2022 and accounting firms are proudly buying up “real estate” in the metaverse, putting out self-congratulatory press releases about it like it’s supposed to make us think they’re ahead of the curve on technology. ” ( They did ). What’s up with Decentraland now ? billion.

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CPA Practice

MARCH 18, 2024

JHM’s added presence in the Cleveland market will bring Cleveland-area companies additional expertise in construction, manufacturing, not-for-profit, real estate, health care, and governmental sectors, as well as additional layers of advisory services for companies, nonprofits, municipalities, and individuals.

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Going Concern

SEPTEMBER 22, 2023

Khokhar earlier this year joined JPMorgan Chase as a treasury sales associate in its commercial real-estate banking division. The AICPA often cites that the large pool of retiring Baby Boomers will leave a gaping hole in the supply of experienced CPAs.”

Account 113

Account accountant accounted CPA 113