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9 min read CEOs are supposed to be creative visionaries with specialized knowledge in their industries, and that's great for carving out a niche and unique value proposition for your business
C Corporations are a common choice for many businesses, offering a range of tax benefits that can lead to significant savings. This article will answer some of the most frequently asked questions about C Corporation tax savings. What is a C Corporation? A C Corporation is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.
The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.
The Department of the Treasury and the Internal Revenue Service have issued two items of guidance on the excluded entity restriction of the section 30D clean vehicle credit, as amended by the Inflation Reduction Act. Under the excluded entity restriction, vehicles are not eligible for the clean vehicle credit if the battery contains battery components manufactured or assembled or applicable critical minerals extracted, processed or recycled by a foreign entity of concern (FEOC).
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.
The Institute of Management Accountants is rolling out a new Financial and Managerial Accounting Associate certification that requires no prerequisites like a college degree.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks, in conjunction with the UN COP28 climate change conference.
The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks, in conjunction with the UN COP28 climate change conference.
In today's digital age, online reviews hold immense power and influence over the success of small construction companies. With easy access to social media, Google reviews, and review websites, customers can easily voice their opinions and experiences with your business online. Most people searching for a local construction company - whether they need a plumber, painter, or general contractor, will check their online reviews before deciding.
It's the most wonderful time of the year…for many people. For many, the whirlwind months of November and December are a time for reflection, celebration, gatherings, and anticipation. Still, this time of year also marks the return of tax return season — and consequently, many accountants are likely already feeling the pressure.
The Public Company Accounting Oversight Board (PCAOB) has doled out a record $20 million in total fines to audit firms and individual auditors so far in 2023, almost doubling the previous high mark of $11 million set last year. PCAOB Chair Erica Williams had warned audit firms that strengthening enforcement would be one of the regulator’s top priorities during her tenure, saying the PCAOB “will not hesitate to hold wrongdoers accountable for breaking the rules.
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.
Building a business that has longevity is a process that requires patience, diligence, and dedication. More specifically, establishing a company that is an enjoyable place to work, profitable, and sustainable will put you, as a business owner, in a position to achieve your long-term goals. Below are some actions you can take to ensure your business meets all three factors mentioned.
Jump to: What is Form 4562? Form 4562 instructions Is Form 4562 required every year? What is listed property for depreciation? What does a depreciation schedule look like? Section 179 and expensing property Running a company is expensive. Therefore, helping business clients save money and reduce their tax burden by expensing property they’ve purchased for their company and claiming deductions for depreciation or amortization of assets is critical.
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.
Attending conferences and investing in ongoing training can be a great way for small business owners and the self employed to keep current on industry developments, ensure ongoing professional development and improve their skills. It also allows for networking opportunities and occasionally includes trips to exotic locations, which can be a welcome change in environment from working at your office.
The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. Professionals can earn up to 14 hours of free CPE during this 2-day annual, virtual conference. Additionally, EAs can receive up to 3 hours of CE credit. Register now and mark your calendar for Ensuring Success, to ensure you meet your year-end CPE requirements.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
…for charity. It was an honor to volunteer for a great cause at the Pie A Partner event in Washington, D.C. earlier this month! Whether we volunteer or donate, I encourage us all to give back to our communities this #GivingTuesday. pic.twitter.com/CnZ7ZLtWRU — Tim Ryan (@Timothy_F_Ryan) November 28, 2023 According to some pics we found, the event benefits “various charities” including Sunflower Bakery , DC Scores , and N Street Village.
The IRS's Western Cyber Crimes Unit based in Los Angeles took the lead for the agency and worked with the U.S. attorney's office for the Western District of Washington, which is based in Seattle, on the case.
The friends thou hast, and their adoption tried, grapple them to thy soul with hoops of steel. These are the words of Polonius in Hamlet Act I, Scene III, along with other pithy words of wisdom. I thought of this verse while I was reading an obituary of Charles T. Munger, who passed away November 28, 2023, at age 99, one month short of his 100th Birthday.
Experience seamless and comprehensive accounting with QuickBooks Hosting – your all-in-one solution for accounting operations anywhere and anytime. Today’s business landscape is competitive and dynamic. Businesses must rapidly adapt and.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Ask any entrepreneur, and they’ll tell you strategy and planning are essential when it comes to running a business. One of the first things you need to plan for is your business start up costs. In this article, we’ll walk you through how to estimate costs in theory and practice with a real-world example. We’ll also identify what the IRS officially regards as startup costs, so you can strategically time your expenses to maximize tax efficiency.
Insightful Accountant is hosting their last Future Forward virtual conference of the year on December 5-6, and I’m delighted to be presenting an exciting topic that resonates with the theme of Niches, Trends, and Predictions for 2024. I love this particular webinar series, as it’s a fabulous opportunity to connect with peers, get the latest industry updates, and explore best practices, new tech, and other developments in accounting.
Congratulations to our newest class of (soon to be accredited) Chartered Professional Accountants: Amy Cao Brian Alenton Brittney Lyons Edmund Ting Ekjot Singh Jane Guo Jeff Hinds Joyce Luo Justin Semkuley Karen Mak Kaylie Foskett Kiran Ghangus Liam McAllister Matthew Gazley Meng Sun Nav Gill Noah Lubberding Omar Castro-Garcia Phoebe Huynh Sam Choi Sam Raeisi Satinder Singh Stephen Kamyszek Tommy Tang We’re proud of your hard work, grit and determination.
Insightful Accountant is hosting their last Future Forward virtual conference of the year on December 5-6, and I’m delighted to be presenting an exciting topic that resonates with the theme of Niches, Trends, and Predictions for 2024. I love this particular webinar series, as it’s a fabulous opportunity to connect with peers, get the latest industry updates, and explore best practices, new tech, and other developments in accounting.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
For many, blockchain is a bit like the Internet in the early ’90s: advanced, exciting, but slightly confusing. Does blockchain technology have the power to potentially revolutionize real estate? Many believe that the use of this technology could transform both investing in real estate and the operational transactions associated with owning real estate.
The financial portion of a lawsuit is often high-stakes. This is especially true in cases of divorce, breach of contract, securities fraud, tax fraud, money laundering, and white collar criminal defense.
Are you curious about the ins and outs of the cannabis industry and how your firm can offer services? In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton and Jody Grunden interview one of their own, Guillermo Rodriguez , Virtual CFO and Cannabis Industry leader for Summit Virtual CFO by Anders. Together, they take a deep dive into the world of cannabis.
Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution from Wolters Kluwer designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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