RogerRossmeisl

JUNE 5, 2022

(This is Blog Post #1222). The post A Compensation Plan That Rewards Top Talent appeared first on Roger Rossmeisl, CPA.

CPA 246

CPA 246

Menzies

JUNE 5, 2022

Menzies LLP - A leading chartered accountancy firm. The Crypto space is growing at a rapid rate and whether you believe this is the next generation of technology or you think it is a ‘bubble’, you have more than likely heard of cryptocurrency, Bitcoin & NFT’s. But what does it all mean? And are there tax consequences you should be aware of? In this article we will look to provide an explanation of the tax implications that may arise for those involved with Cryptoassets.

income tax 52

income tax Tax chartered accountant Non-Profits 52

RogerRossmeisl

JUNE 5, 2022

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.

accounted 246

accounted Account accountant CPA 246

Intuitive Accountant

JUNE 5, 2022

Top ProAdvisor 100 and owner of The Bottom Line discusses her continual pursuit of excellence in today’s ever-changing accounting landscape.

Account 52

Account accounted accountant 52

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account

RogerRossmeisl

JUNE 5, 2022

Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported. Beginning this year, the threshold has dropped significantly for the filing of Form 1099-K, “Payment Card and Third-Party Network Transactions.” Businesses and workers in certain industries may receive more of these forms and some people may even get them based on personal transactions.

CPA 245

CPA business tax Tax 245

Intuitive Accountant

JUNE 5, 2022

With Intuit's Spreadsheet Sync, you now have a seamless sync and can avoid manual errors. Liz Scott spins you through the process.

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52

Intuitive Accountant

JUNE 5, 2022

While accounting professionals strive at things like numbers, local and state regulations, and analyzing reports, there is one area they can conquer. Client Hub founder Judie McCarthy explains.

Account 52

Account accounted accountant 52

RogerRossmeisl

JUNE 5, 2022

Valuing a private business is a complex endeavor. But, when all is said and done, valuation analyses boil down to three general approaches. 1. Market approach Under this approach, valuators derive pricing multiples from public or private comparable transactions. These pricing multiples are then applied to the subject company to derive its value. For example, an expert might calculate a median price-to-earnings multiple of 4.5 based on a sample of six comparable transactions.

CPA 241

CPA Account accounted accountant 241

RogerRossmeisl

JUNE 5, 2022

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated taxes without triggering the penalty for underpayment of estimated tax. Four methods The required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under each of the following four methods: Under

Tax 240

Tax CPA business tax 240

RogerRossmeisl

JUNE 5, 2022

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a rundown of some of them. Medical expenses. If the individual qualifies as your “medical dependent,” and you itemize deductions on your tax return, you can include any medical expenses you incur for the individual along with your own when determining your medical deduction.

Tax 235

Tax tax return CPA 235

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Finance

RogerRossmeisl

JUNE 5, 2022

Supply chain issues continue to hurt many U.S. businesses — possibly in more ways than you think. Not only do supply shortages and delays make it difficult for companies to ramp up business and recover from the pandemic slowdown, but they also make some fraud schemes easier to perpetrate. For example, criminals might advertise hard-to-get goods, then ship defective products — or no products at all — to unsuspecting buyers.

CPA 233

CPA 233

RogerRossmeisl

JUNE 5, 2022

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity out of your IRA. When distributions are taken directly out of traditional IRAs, federal income tax of up to 37% in 2022 will have to be paid. State income taxes may also be owed.

income tax 223

income tax CPA Tax 223

RogerRossmeisl

JUNE 5, 2022

Preventing, detecting, and investigating occupational fraud requires a deep understanding of the types of schemes, potential financial losses, emerging threats and risk mitigation strategies. To that end, the Association of Certified Fraud Examiners (ACFE) has published its “Report to the Nations,” the preeminent source for occupational fraud statistics and trends, every two years since 1996.

CPA 221

CPA financial statements cpa firm 221

RogerRossmeisl

JUNE 5, 2022

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership income than was distributed to you from the partnership in which you’re a partner. Why does this happen? It’s due to the way partnerships and partners are taxed. Unlike C corporations, partnerships aren’t subject to income tax.

tax return 217

tax return Tax income tax CPA 217

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Finance

RogerRossmeisl

JUNE 5, 2022

In mergers and acquisitions (M&As), there are some buyers who are willing to pay a premium above the fair market value of the business on a controlling basis. This premium typically is the result of cost-saving or revenue-building synergies that a specific buyer can potentially gain by acquiring the seller’s business. When selling a business, it makes sense to find a buyer who’s willing to pay the highest possible price.

CPA 189

CPA cpa firm 189

RogerRossmeisl

JUNE 5, 2022

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to a Roth IRA at a lower tax cost. Traditional vs. Roth Here’s what makes a traditional IRA different from a Roth IRA: Traditional IRA.

income tax 130

income tax CPA Tax Account 130