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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). Everybody measures the same things, in the same way.

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax
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Here Are the 40 Elijah Watt Sells Award Winners for 2023

CPA Practice

Jack Krause , Georgia, Financial Accounting Standards Board in Norwalk, CT. Hannah Van Meeteren , South Dakota, CliftonLarsonAllen in Des Moines, IA. Bradley Koch , Kansas, Koch CPA, Chartered in Clyde, KS. Will Koehler , Wisconsin, KPMG in Milwaukee. Vineet Kotak , Washington, PwC in Philadelphia.

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AICPA News – July 2024

CPA Practice

Jack Krause (Georgia), a graduate of the University of Iowa with a bachelor’s in accounting and a Master of Accountancy from the University of Georgia, is employed with the Financial Accounting Standards Board in Norwalk, CT.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Wyoming is one of two states (South Dakota is the other) in the U.S. Supreme Court ruling on South Dakota vs. Wayfair. The South Dakota vs. Wayfair case established a new way of looking at the sales tax nexu s from a legal perspective (i.e., that doesn’t have a corporate income tax (neither does Nevada). ?

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax
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What Every Advisor Should Know About the Cannabis Industry

Anders CPA

Guillermo (00:02:54) – So I went into work in the corporate world and my background is in construction and in engineering, and I spent a few years working as a regular accountant and in financial accounting. And so, I was in South Dakota last summer and meeting with a lot of owners.