CPA Practice

OCTOBER 22, 2024

The American Institute of CPAs submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) requesting guidance for cannabis businesses in advance of the impending transition away from engaging in a trade or business that subjects them to section 280E.

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TaxConnex

NOVEMBER 2, 2023

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Both of these changes can directly impact your clients’ sales tax responsibilities.

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ThomsonReuters

FEBRUARY 6, 2025

In the fast-paced world of accounting and tax preparation, every minute counts. As an accountant or CPA, youre often juggling multiple clients, deadlines, and tasks, which can lead to overwhelming stress and burnout. Delegate responsibilities to speed up workflows Take control of your time this tax season 1. Jump to 1.

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CPA Practice

OCTOBER 14, 2024

TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts.

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TaxConnex

NOVEMBER 21, 2023

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax. Adding new employees, locations, or warehouses. Change of staff.

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CPA Practice

OCTOBER 16, 2024

Gannon, CPA, MST, CVA — Managing Director, Forensic, Litigation and Valuation Services, Smolin, Lupin & Co., Leone, CPA — Audit Senior Manager, Deloitte, Morristown Eric Mannino, CPA — Audit Senior, WilkinGuttenplan, East Brunswick Jenna M. McDonough, CPA — Tax Supervisor, WilkinGuttenplan, East Brunswick Matthew J.

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CPA Practice

NOVEMBER 22, 2024

CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

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CPA Practice

APRIL 9, 2024

By Oren Koren Tax season is underway, which means cyber criminals are hard at work. With the plethora of highly sensitive personal and financial data being shared between firms and clients, it’s the perfect time for bad actors to strike, especially as the April 15th deadline inches closer and CPAs push to get more done with less time.

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CPA Practice

NOVEMBER 7, 2024

This article explores actionable strategies CPAs, accountants, and tax professionals can recommend to clients to optimize A/R processes, maintain strong cash flow, and enhance overall financial stability. Use this checklist to help your clients tidy up their financials and mitigate potential A/R headaches as they close the books.

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Ace Cloud Hosting

JANUARY 10, 2024

During tax season, CPAs face numerous responsibilities; as they deal with clients directly, they must ensure a proper workflow. A laptop should have all the features that enhance work flexibility.

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Withum

MAY 7, 2025

We also added a Chicago office on May 1, 2025, with the merger with the Lincolnshire, IL firm CTM CPAs and Business Advisors. Last year, I, along with Pat, Bill and Jim, were also on Forbes first-ever Top 200 CPAs in America list. To learn more, the entire Best-In-State CPAs list is available on Forbes.

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CPA Practice

MAY 8, 2024

By Dr. Sangeeta Chhabra There is no question about how CPAs have evolved in their role over the past couple of decades, but what has really been behind it and, more importantly, how do you they get there? Traditionally, a CPA took the crucial responsibility of performing tasks like tax compliance, audit, and bookkeeping.

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BuildYourFirm

APRIL 14, 2020

Join host Hugh Duffy as he talks with Corey Lord, Lord CPAs. Join host Hugh Duffy as he talks with Corey Lord, Lord CPAs. 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. The two discuss how he got started in this unique niche.

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CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

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AdviceForTaxpreparers

SEPTEMBER 8, 2020

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department.

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CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

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CPA Practice

NOVEMBER 10, 2023

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. However, there has been a slight pickup of pre-CPAs, which has been encouraging.

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CPA Practice

JUNE 13, 2024

Hale is the Tax Practice Leader at BDO USA’s Tampa and Orlando offices, where she oversees compliance and quality control. She is a member of the FICPA, AICPA and Community Association Institute and serves on the FICPA’s CIRA Committee, Young CPAs Committee and Women in Leadership Committee. Boston, Abu Dhabi and Tampa.

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CPA Practice

APRIL 19, 2024

Forbes this week released its inaugural list of America’s Top 200 CPAs , nine of whom were recently recognized by CPA Practice Advisor. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations.

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CPA Practice

APRIL 16, 2025

The report analyzes insights from nearly 200 CPAs representing approximately 4,600 high-income clients and dozens of in-state business leaders, offering a critical pulse on the tax, workforce and business trends.

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CPA Practice

AUGUST 20, 2024

Top 20 accounting firm EisnerAmper and fellow top 100 firm Krost CPAs are combining in a deal that is expected to close next month. Krost’s eight partners and more than 100 professionals will join New York-based EisnerAmper as part of the transaction. Krost has offices in Los Angeles, Woodland Hills, and Pasadena, CA.

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Going Concern

JANUARY 1, 2025

The AICPA’s admonishment of honest CPAs to adhere to Circular 130 when it was being flouted for 2 years by fraudsters with no repercussions. DEI IS B T Tax deadlines (3/15 & 4/15) are no longer reasonable Work life balance/Compensation Offshoring of staff level work Cost of service. People need to go to prison.

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

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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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CPA Practice

AUGUST 27, 2024

The executive committee of HBK voted to split leadership roles of its two entities, HBK CPAs & Consultants and HBKS Wealth Advisors, giving each its own top executive, the firm said on Aug. In addition, Jeremy Hartzell will join Angelo’s executive team as chief operating officer of HBK CPAs & Consultants.

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RogerRossmeisl

OCTOBER 8, 2020

or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. I’m Roger Rossmeisl, a senior partner with Kho & Patel CPAs with offices in Southern California. Today, The post Does Your Dealership’s CPA Know the Auto Industry? appeared first on Roger Rossmeisl, CPA.

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Accounting Today

NOVEMBER 13, 2023

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

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CPA Practice

DECEMBER 5, 2024

Following the November presidential election, CPA business leaders have a much more positive outlook about the U.S. The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies.

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LSLCPAs

JANUARY 9, 2025

Yet, for many individuals and businesses, poor accounting practices lead to unnecessary stress, missed opportunities, and even costly tax consequences. If youve ever felt overwhelmed by your financial records or rushed to prepare your tax return at the last minute, this.

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Bharmal&Associates

JANUARY 19, 2022

Not according to the tax law. If you rent to residential and commercial tenants, the tax code classifies the building as residential only if 80 percent or more of the gross annual rent is from renting dwelling units. Premier Orange County CPAs. Why the difference? A motel and apartment building are both rental real estate.

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CPA Practice

NOVEMBER 6, 2024

For every dollar they paid in, they would get tax deductions of about $4.50. Now that longtime accountant, Herbert Lewis, is heading to federal prison for his role in promoting and selling illegal tax shelters. I think this thing is the best safe tax savings tool I have seen in a long time; probably ever. million in restitution.

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Accounting Today

OCTOBER 1, 2024

This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?

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CPA Practice

MAY 24, 2023

The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process. In addition, taxpayers and their preparers must often obtain records from third parties to properly determine their tax liability.

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Accounting Today

MAY 7, 2024

For CPAs who aspire to practice in Tax Court, the ability to review a case that has been litigated by a fellow CPA is a useful educational tool.

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Ace Cloud Hosting

DECEMBER 22, 2024

As tax season 2025 approaches, the bustling months ahead bring not just opportunities for CPAs but also heightened vulnerabilities to cyber threats. In todays digital age, where sensitive financial data.

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LSLCPAs

JANUARY 16, 2025

The IRS has announced disaster tax relief for individuals and businesses in Southern California impacted by wildfires and straight-line winds beginning January 7, 2025. Taxpayers that have been impacted now have until October 15, 2025, to file various federal tax returns and make payments. Who Qualifies for Disaster Tax Relief?

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Accounting Today

OCTOBER 1, 2024

The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.

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