CPA Practice

NOVEMBER 11, 2024

Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever. The trend: tech (both AI and non-AI) is taking the pain out of tax prep. Your firm can connect all types of standard and non-standard data sources! There is a lot of buzz about AI and the profession.

accounting firms 111

accounting firms Technology accountant accounted 111

Basis 365

NOVEMBER 26, 2024

If you’re looking to generate more profit to fund operating expenses, pay your team more, offer better benefits, and fuel growth—while still keeping more profit for yourself—it’s time to focus on key financial and pricing drivers. Here are actionable strategies to help you improve your gross profit margins and achieve your goals.

Non-Profits 59

Non-Profits Technology Tax tax planning 59

CPA Practice

NOVEMBER 19, 2024

The CMA demonstrates your talent for financial analysis, budgeting, profitability, risk management, and strategic planning. Earning Potential: Certified accounting and finance professionals typically earn more than their non-certified peers. Organizations value professionals who can wear multiple hats.

cma 122

cma CPA accounting and finance management accounts 122

ThomsonReuters

NOVEMBER 14, 2024

Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. AI-powered algorithms build upon historical data, as well as external and non-financial data, to construct predictive models.

accounting firms 52

accounting firms accountant accounted Account 52

RogerRossmeisl

DECEMBER 15, 2024

Tax planning objectives Youll eventually sell shares you acquire by exercising an NQSO, hopefully for a healthy profit. Have most or all of that profit taxed at lower long-term capital gain rates. The post Unlocking the Mystery of Taxes on Employer-Issued Non-Qualified Stock Options appeared first on Roger Rossmeisl, CPA.

Non-Profits 246

Non-Profits Tax tax planning CPA 246

ThomsonReuters

OCTOBER 18, 2024

Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies.

Non-Profits 52

Non-Profits financial statements Legal tax return 52

Accounting Seed

NOVEMBER 15, 2024

Which products bring in the highest profits? Nearly half of finance teams expect AI will help flag anomalies and potential risks. Grow faster with accurate financial insights Good financial reports should help you solve your most pressing business questions: How many new hires can we afford? Are we too dependent on a few big clients?

Technology 59

Technology accounting and finance general ledger NetSuite 59

Ronika Khanna CPA,CA

JULY 17, 2025

Journal entries can be perplexing for small business owners/non accountants, or accountants/bookkeepers in the early stages of their careers. Since you have the reversing entry, only the work done for $2,500 will be reflected on January’s profit and loss. Reversing journal entries, sound even more complicated.

quickbooks 52

quickbooks Non-Profits bookkeeping Sales 52

ThomsonReuters

NOVEMBER 25, 2024

Only by creating a thorough, transparent ESG compliance process can companies dedicated to ESG principles forge that essential bond of trust with stakeholders upon which sustainable profitability is built.

Government 99

Government Non-Profits Legal California 99

CPA Practice

DECEMBER 10, 2024

Defined strategy and planning are key to a successful and profitable CAS practice. Defined client niches are key to promoting standardization and efficiency and, ultimately, increasing profitability. Practices with a formal CAS business plan report nearly $10,000 more in median average annual client revenue. 30 at 1 p.m.

Non-Profits 111

Non-Profits CPA public accounting Tax 111

Accounting Insight

JUNE 6, 2025

This shift transforms compliance from a task to a strategic advantage that will also benefit non-MTD mandated clients still in Self-Assessment, positioning firms as forward-thinking advisors and data-driven partners. Consistently, the evidence points to tech-led firms being more resilient and profitable in changing markets.

Tax 66

Tax Technology Non-Profits income tax 66

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

Non-Profits Technology audit accounting system 52

Accounting Insight

OCTOBER 25, 2024

The three profits included in accounting textbooks: gross profit, operating profit and net profit are a good start for accountancy students. Limiting them to just three types of profit is intended to avoid overburdening young accountants at the beginning of their studies. They introduce the other profits gradually.

Non-Profits 98

Non-Profits accountant accounted Account 98

CTP

APRIL 21, 2025

As a result of recent court cases, athletes have gained the ability to receive a financial profit anytime their name, image, and likeness (or NIL) is used. NIL collectives can be set up as non-profit or for-profit organizations. For a for-profit collective, a major part of tax planning is going to be entity selection.

tax planning 52

tax planning Tax Non-Profits Sports 52

Basis 365

APRIL 15, 2025

To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows. Indirect Method : Begins with net income and adjusts for non-cash items like depreciation and changes in working capital.

accrual accounting 64

accrual accounting accounting and finance Non-Profits financial statements 64

CTP

APRIL 21, 2025

Whether your NIL collective qualifies as a nonprofit or is set up as a for-profit organization, working with a Certified Tax Planner is the best way to ensure that most of your funds go to student athletes and less goes to the IRS. Even if you dont get that tax exemption, there are still many ways to lower your tax bill.

Tax 52

Tax Non-Profits Sports income tax 52

Dent Moses

JUNE 4, 2025

This structure offers significant legal protections and is favored by companies planning to reinvest profits or eventually go public. Unlike S corporations or LLCs, a C corp pays corporate income tax on its profits. A C corporation is a legal structure for a business that is taxed separately from its owners.

Tax 52

Tax Non-Profits Alabama Legal 52

Withum

JUNE 27, 2025

In the current M&A environment, especially among private equity and institutional investors, historical profitability alone is no longer sufficient. Yet, many sellers enter the market unprepared for the level of financial scrutiny demanded by today’s sophisticated buyers. Key Benefits of a Sell-Side QoE Report 1.

Non-Profits 52

Non-Profits Tax 52

Withum

JULY 3, 2025

Common Tax Pitfalls for Law Firm Partners to Avoid Misclassifying Income: Partners must accurately classify their income, distinguishing between guaranteed payments and profit distributions. Failing to stay informed about changes can lead to missed opportunities for tax savings or inadvertent non-compliance.

Tax 69

Tax Non-Profits tax planning Legal 69

Withum

JULY 17, 2025

Will the US company be financed by the non-US parent company? Will any employees from the non-U.S. You will need to consider the extent of their activities to avoid establishing a taxable presence for the non-U.S. You will need to consider the extent of their activities to avoid establishing a taxable presence for the non-U.S.

Non-Profits 52

Non-Profits accounting and finance payroll Delaware 52

Withum

JULY 17, 2025

Instead of receiving management fees in cash, the management company can enter into a waiver agreement to contribute cash as GP commit into the partnership to receive a profit interest or carried interest. For S corporations, all income derived from New York sources for both resident and non-resident shareholders.

tax planning 52

tax planning Tax Non-Profits New York 52

Withum

MARCH 17, 2025

Visit Resource Center Transfer Pricing Enters the Equation Multinational companies with purchases or sales through non-U.S. Missteps can lead to misstated financials, compliance issues, or unexpected hits to profitability. Advance Pricing Agreements or APA).

financial statements 95

financial statements Manufacturing Non-Profits Tax 95

CTP

JANUARY 22, 2025

If the LLC is taxed as a sole proprietorship and is just doing a profit and loss statement, the business may need an employable spouse or relative to qualify them for an HRA. Partnerships could also make this work if they have at least one W-2 employee who is a non-owner.

Tax 89

Tax Expense Reimbursements Non-Profits Account 89

ThomsonReuters

JULY 10, 2025

Minimum effective tax rate: Multinational profits face a 15% floor. Expect overlapping rules and phased retirements of old taxes. Mission intel Non-compliance is not an option. Non-compliance is costly. Navigating the terrain: Legislative landmarks Key laws and terms to know Lei Complementar No. Beware of penalties.

Tax 52

Tax Non-Profits Technology audit 52

Accounting Today

JUNE 17, 2025

Tax tools IRS Tax preparation E-Commerce Non-profits Sales tax State of Illinois Tax cuts MORE FROM ACCOUNTING TODAY Tax Tax pro coalition urges Treasury to stabilize IRS amid layoffs A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

E-commerce 82

E-commerce Technology tax preparation Illinois 82

Shay CPA

APRIL 28, 2025

Penalties for Non-Compliance: While enforcement measures are still being finalized by NYC regulators, failure to meet these requirements may result in penalties. These credits can be particularly helpful for startups that may not be profitable initially, as they reduce future tax liabilities when the business grows.

New York 52

New York payroll New Jersey CPA 52

Accounting Seed

JANUARY 7, 2025

Accrued Expenses: What are They and How to Report Them?

accounting system 59

accounting system accountant accounted Account 59

ThomsonReuters

OCTOBER 23, 2024

And in countries that require real-time reporting, non-compliance can prevent the business from operating in those regions altogether. If taxes are calculated incorrectly and are being overpaid, for example, the company may be inadvertently leaking revenue. Indirect taxes are an important part of this digital conversation.

Technology 52

Technology Tax Non-Profits audit 52

Xero

NOVEMBER 28, 2024

At Xeinadin Sittingbourne, our team of 30, mostly Xero-certified advisors, supports small and medium businesses across various industries, including construction, healthcare, and non-profits.

Non-Profits 95

Non-Profits bookkeeping Technology Healthcare 95

Withum

JULY 9, 2025

National Association of Black Accountants NABA is a non-profit membership organization dedicated to empowering Black professionals in accounting, finance and related business fields. The Robert Benjamin Award was created to honor Robert Benjamin, a co-founder and visionary leader of NABA.

public accounting 66

public accounting Non-Profits accountant accounted 66

Anders CPA

FEBRUARY 28, 2025

To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

CPA Practice

DECEMBER 3, 2024

Sage is working closely with customers to deliver on its vision to help organizations drive productivity, accuracy, and compliance, helping SMBs to focus on growth and profitability. Streamlined operations in these industries directly contribute to improved profitability and business growth.

general ledger 59

general ledger Non-Profits accounting and finance Finance 59

Reckon

FEBRUARY 20, 2025

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. Under the old way, if you returned $416 or less in taxable income, you retained the tax exemption status and provided a non-lodgement form to the ATO. What does self-review mean for Not For Profits?

Non-Profits 52

Non-Profits income tax Tax Government 52

Accounting Today

JUNE 13, 2025

Financial Cents introduces advanced reporting features bohlam - stock.adobe.com Accounting practice management software provider Financial Cents announced a new reporting suite to help firm owners manage their team performance, revenue generation and profitability more precisely.

Technology 82

Technology tax planning audit tax preparation 82

Nancy McClelland, LLC

JANUARY 12, 2025

Lots of small business owners pay what are known as “quarterly estimated taxes” to the IRS and their state department of revenue throughout the year — as a replacement or in addition to W-2 withholding, in order to pay tax on their self-employed or pass-through company’s profit. No worries — the IRS did.

Tax 52

Tax tax return accountant accounted 52

Going Concern

NOVEMBER 21, 2024

Participating employers are expected to support their employees, examples of which may include, but are not limited to: flexible work schedule tuition reimbursement mentoring to help program participants work toward their CPA license The program is open to all employer types, including not-for-profit, businesses and government entities.

CPA 58

CPA Education New Jersey Non-Profits 58

Withum

JUNE 20, 2025

Digital Service Taxes and other extraterritorial or discriminatory taxes such as the OECD’s Pillar Two Under-Taxed Profits Rule). Section 899 would also modify the BEAT rules for non-publicly held U.S. Under the proposed code section, the U.S. Treasury would issue guidance to identify the countries with unfair foreign taxes.

Tax 72

Tax Non-Profits income tax 72