inDinero Tax Tips

MARCH 2, 2023

Cryptocurrency tax rules can be complicated and confusing, but you definitely need to report your crypto gains. Here’s a look at what happens if you don’t report cryptocurrency on taxes — along with answers to common crypto tax questions. What Happens if You Don’t Report Cryptocurrency on Taxes?

Tax 52

Tax income tax South Dakota tax return 52

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

Delaware 52

Delaware Nevada Tax Sales 52

Going Concern

DECEMBER 22, 2023

PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. and Mexico. As CIO, Ms.

auditor 106

auditor audit accounting firms accounting and finance 106

ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

Tax 40

Tax tax return income tax Real Estate 40

Cherry Bekaert

MARCH 9, 2023

persons for nonwillful compliance failures to file reports of foreign bank and financial accounts, is assessed against each report that is required to be filed and is not assessed against each bank account required to be reported. Foreign Bank and Financial Accounts Report (FBAR) A U.S. Originally, the U.S.

financial accounting 96

financial accounting Account accountant accounted 96

Going Concern

AUGUST 5, 2022

Meet the accountants who may become the new power brokers of taxes. [ Meet the accountants who may become the new power brokers of taxes. [ needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S. dOnt GEt a RaISe YoU’LL pAy 30% tAx!!!!

Account 97

Account accountant accounted audit 97

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. In 2011, Delaware garnered $860 million in taxes and fees from out-of-state business entities incorporated under its laws. With so few taxes, how does Delaware rake it in?

Delaware 64

Delaware Wyoming Nevada Oregon 64

Going Concern

JULY 1, 2022

Marking a Half-Century of Capital Markets Integrity [ Barron’s ] Former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation John J. GAAP, or generally accepted accounting principles. What baffles me is I work for the government.”

Tax 57

Tax Account accountant accounted 57

Going Concern

APRIL 15, 2024

Without explicitly referring to PwC’s actions in Australia, it said “Public trust in the accountancy profession continues being buffeted by recurring high-profile corporate failures and ethical lapses in firms.” “A How businesses should measure assets and liabilities is one of the trickiest issues in accounting. You made it!

audit 62

audit Account accountant accounted 62

Going Concern

MARCH 3, 2023

EY US launches Center for Government Modernization [ PR Newswire ] Side note: why are they still using Ernst & Young in press releases? Ernst & Young LLP (EY US) today launched the EY Center for Government Modernization (the Center), an initiative of the EY US Government & Public Sector.

South Carolina 101

South Carolina Texas audit accounting and finance 101

Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. However, FASB Concepts Statements are nonauthoritative.

accounting standards 83

accounting standards accounting and finance income tax financial accounting 83

Shay CPA

JANUARY 31, 2024

When it comes to your accounting, employing a few tools and keeping key facts in mind can make your life a whole lot easier. That’s true for this year and when the time comes to handle your 2024 tax filings. Our team of accountants has some recommendations for your tech startup. These are all very general, though.

quickbooks 52

quickbooks Account accountant accounted 52

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 95

tax preparation CPA payroll tax Illinois 95

Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. The Project On Government Oversight is planning a conference on what to do about it. Attorney Nick Brown.

Illinois 93

Illinois CPA audit tax return 93

Going Concern

APRIL 5, 2024

Finance ] Aitzarelys Negrón, certified public accountant (CPA) and founder of Strategies and T.E.A., said, “I had been working at a [major] accounting firm since 2015 before being laid off in the fall of 2020. The aim is to provide real-time visibility and traceability of blood products throughout the healthcare system.

auditor 84

auditor audit Oklahoma CPA 84

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Account 71

Account accountant accounted accounting software 71

CPA Practice

OCTOBER 20, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. South Africa, for instance, has committed to reach net-zero carbon emissions by 2050, introducing its first carbon tax in July 2021.

audit 52

audit accounting and finance auditor accounting principles 52

CPA Practice

OCTOBER 19, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. South Africa, for instance, has committed to reach net-zero carbon emissions by 2050, introducing its first carbon tax in July 2021.

audit 52

audit accounting and finance auditor accounting principles 52

ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Other ESG matters may not have any material effect on the financial statements. Then there’s the tax implications. The Rise of ESG.

auditor 59

auditor Account accountant accounted 59

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. If you work with individuals and businesses with financial interests abroad, Form 8938 may be required. Generally, any U.S.

Real Estate 40

Real Estate tax return Tax tax preparation 40

Going Concern

JULY 29, 2022

is in the midst of a long-awaited overhaul of the audit and accounting industry, which will bring with it a new regulator to replace the FRC called the Audit, Reporting and Governance Authority. It’s designed to ensure that large companies making big “book” profits get taxed at a minimum rate of 15%. Joe Manchin (D-W.Va.)

audit 116

audit Account accountant accounted 116

Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

income tax 93

income tax Tax financial statements accounting standards 93

inDinero Accounting

JUNE 29, 2023

Along this journey, influential organizations such as FASB and International Accounting Standards Board have played a major role in establishing and maintaining GAAP standards across different jurisdictions and industries worldwide. But what are these components that make up this essential system?

accrual accounting 98

accrual accounting accounting principles accounts payable accounting standards 98

CPA Practice

MAY 30, 2023

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. The AICPA Governing Council last week passed a resolution supporting the Pipeline Acceleration Plan.

CPA 116

CPA cpas accounting degree audit 116

Going Concern

NOVEMBER 18, 2022

US Audit Board Urged to Aid ESG Validation With Updated Rules [ Bloomberg Tax ]. For the IRS to-do list: Build trust with Congress, use clearer language with taxpayers [ Journal of Accountancy ]. Why Crypto Taxes Get Complicated (Especially for Institutions) [ CoinDesk ]. McDonnell allegedly is also a licensed attorney.

Technology 79

Technology audit auditor accounting and finance 79

PANALITIX

MAY 31, 2021

Management accounting. Financial Accounting. To analyze and report (usually to management who may or may not be ‘financially literate’) on financial transactions that impact business performance. Another group of Accountants will specialize but Venture Away from Accounting. Description.

Account 130

Account accountant accounted Non-Profits 130

SkagitCountyTaxServices

JUNE 8, 2022

Now … for Mount Vernon businesses of a certain growth rate (or of a particular model), the move from “cash accounting” to “accrual accounting” is an important step in the journey. Speaking of which: reminder that second quarter estimated taxes are due next week on 6/15/22.).

accounting principles 82

accounting principles accounting standards accrual accounting Education 82

ThomsonReuters

FEBRUARY 8, 2024

Emily Hildebrand , CPA, Tax and Accounting Senior Specialist Editor for Thomson Reuters, further explained, “This assumption requires that books and records be maintained for each distinct economic entity and cannot be co-mingled with owner records, or the records of other entities. Any entity (i.e.,

Account 96

Account accountant accounted accounting principles 96

Going Concern

AUGUST 11, 2023

to Kansas City when a Fresno tax processing center closed in September 2021 have not been found, the report from the government watchdog said. The missing cartridges contain a mix of tax information about individuals and businesses. At least 8,500 microfilm cartridges that were supposed to be transferred from Fresno, Calif.,

Account 85

Account accountant accounted Tennessee 85

Accounting Insight

AUGUST 8, 2023

Signals in the accounts: The accounts provide very interesting red signals; for example, when the level of indebtedness in a balance sheet is very high, it is more likely that the company can have accounting frauds in the future. Subsidiaries in tax havens where there is no requirement to disclose accounting information 3.

Account 52

Account accountant accounted auditor 52

Going Concern

AUGUST 10, 2023

Yesterday EY filed a data breach notification with the Maine attorney general that says 30,210 Bank of America customers may have (probably) had their personal information — including debit or credit card numbers and government ID numbers — acquired in the MOVEit breach. These files may contain your personal data.

Maine 85

Maine Government tax services financial accounting 85

Going Concern

MAY 12, 2023

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Despite a nationwide accountant shortage and a challenging labor market, Koenigsman said the firm doesn’t expect to have too much trouble finding talent. 1, 2024, the Financial Accounting Foundation said.

CPA 109

CPA Account accountant accounted 109

Going Concern

APRIL 8, 2024

Let’s take a moment to extend thoughts and prayers to our brothers and sisters in the final days of the tax season grind. In total this means that around 390 audits for the last two financial years are yet to be finalised. Our study is based on the latest data on US financial accounts collected by the Federal Reserve System.

auditor 57

auditor audit Account accountant 57

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo., who started working at the facility in Kansas City last June and is transitioning to become a tax examiner.

audit 69

audit Kansas auditor bookkeeping jobs 69

Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

auditor 99

auditor audit Entertainment Real Estate 99

Going Concern

MARCH 22, 2024

PwC chairman refuses to share tax leaks scandal investigation with Australian parliament [ The Guardian ] PwC’s global chairman, Bob Moritz, has refused to comply with a request from the Australian parliament to share a copy of an investigation used to contain the tax leaks scandal to Australia. This S**t Is Still Going On?

Minnesota 95

Minnesota cpas audit CPA 95