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AICTP’s Roadmap to Tax Planning: 10 Keys to Growing Your Accounting Advisory Services

CTP

CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. Become a Certified Tax Planner!

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IRS launches Operation Hidden Treasure and the implications for CPAs

ThomsonReuters

Cryptocurrency’s slow adoption is reflected in adoption by firms and CPAs. Conservative estimates expect 18-21 million taxpayers will need to consider crypto when filing their 2020 tax returns. Taxpayers can no longer plead ignorance on their cryptocurrency tax obligations with the new page 1 question.

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State CPA Society News & Updates – Dec. 2023

CPA Practice

The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning. The webinar, which will take place over Zoom, on January 24, 2024. The webinar is free for West Virginia Society of CPAs members, who can register here.

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Supply Chain Nearshoring: Finance and Tax Considerations

Cherry Bekaert

It is crucial that there is a cross-functional approach to supply chain decisions, incorporating tax advisers and legal experts to identify any potential tax liabilities and ensure they are mitigated. Cross-functional teamwork can help companies manage risks while optimizing their operations.

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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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Accounting advisory: What you need to know

ThomsonReuters

From tax planning and strategy to counsel on tax-related legislation, accounting advisory includes a variety of engagements in which clients rely on an accounting professional’s unique knowledge and experience. Hear how Rick Sager CPA, Owner of Sager & Associates, CPAs, used Practice Forward to get paid for his expertise.

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Don't Forget Sales Tax When It Comes to Year-End Planning for Your Clients!

TaxConnex

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. Look out for our December webinar for an additional CPE credit!)

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