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11 CPAs Honored by AICPA and CIMA

CPA Practice

The American Institute of CPAs and Chartered Institute of Management Accountants honored eleven CPAs during AICPA & CIMA ENGAGE 2023 in Las Vegas this week. The awards highlight CPA efforts in a specific accounting specialty area, excellence in volunteer efforts or significant contributions to the accounting profession.

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How Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

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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Five Tax Strategies Retirees Should Consider Before Dec. 31

CPA Practice

A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results. The fourth quarter is for tax planning, not tax reporting. I realize that I’m in the minority in thinking that tax planning is fun. However, if you fall into the 10% or 12% income tax bracket, you pay 0% capital gains.

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Bharmal & Associates, Inc. Receives First Reviews on Clutch, Maintains Perfect 5.0-Star Average on the Platform

Bharmal&Associates

From individual tax planning services to complex corporate consulting engagements, we are ready to be your full-service CPA firm. Clutch’s office is a few steps away from the Washington Monument in the District of Columbia. Premier Orange County CPAs. Star Average on the platform.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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Selling Your Business? Personal Goodwill Can Reduce Your Tax Burden

CPA Practice

Goralka, Kiplinger Consumer News Service (TNS) Most people, including many experienced attorneys and CPAs, are surprised to learn that an individual owner, shareholder or member can individually own a corporation’s or limited liability company’s bundle of rights commonly known as goodwill. ABOUT THE AUTHOR: John M.

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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat.