CPA Practice

FEBRUARY 21, 2023

20-22, 2023, for CPA Practice Advisor ‘s 13th annual Accounting Thought Leader Symposium. CPA Practice Advisor editor-in-chief Gail Perry, CPA, leads discussion with attendees at the 2023 Accounting Thought Leader Symposium. Roman Kepczyk, CPA, CITP, CGMA. Participants came from across the U.S.

Tax 135

Tax CPA Account accountant 135

Cherry Bekaert

DECEMBER 5, 2023

In this episode of Cherry Bekaert’s GovCon Podcast series on the Small Business Administration’s (SBA) 8(a) Business Development Program, Brynn McNeil and Craig Hunter , assurance partners in Cherry Bekaert’s Government Contracting Industry practice, discuss accounting best practices for 8(a) companies.

Account 97

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SMBAccountant

FEBRUARY 19, 2024

Description/Specs/Works Statement: Review general terms and conditions and note any special provisions or requirements. Whether it's through optimizing tax obligations under the contract, advising on financial best practices, or providing insights into effective cash flow management, their specialized knowledge can be a critical asset.

Government 246

Government accounting principles Legal Account 246

CPA Practice

APRIL 18, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, look at the practice management, billing and collections platform Aiwyn. But that’s this is the general approach they’re making here is to build faster, and then remind and collect faster and make it easier for the for the other side of the transaction.

Technology 115

Technology Account accountant accounted 115

Cherry Bekaert

OCTOBER 17, 2023

They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles. Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. These standards impact emerging small and large businesses alike.

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CPA Practice

APRIL 1, 2024

Meeting these mandates guarantees compliance with regulations like GDPR (General Data Protection Regulator) or POPIA (Protection of Personal Information Act), which must be considered when designing training programs. Familiarity with audit trails, authentication procedures, and session management contributes to overall data safety.

Education 122

Education Legal quickbooks audit 122

ThomsonReuters

FEBRUARY 28, 2024

Advisory practice as a leap of faith Shaul explains she moved her practice away from a compliance-focused shop because she remembers the pain points from the overwhelming workload during tax season — the feast during tax season and the famine for the rest of the year, she says.

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Anders CPA

MARCH 25, 2024

In cash flow management , we call that a target, and it generally needs to be somewhere between 10-30% of annual revenue, depending on the size and type of your law practice and the length of your cash cycle. Setting a cash target for your legal practice is like deciding how much extra fuel to carry in your car.

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CPA Practice

MARCH 21, 2024

The purpose of profits interest awards is generally to give employees the opportunity to participate in the upside of the entity — typically private companies — upon an initial public offering or a sale, or perhaps an incentive to assist the entity to achieve a specific operating metric.

accounting standards 64

accounting standards financial accounting Account accountant 64

RogerRossmeisl

OCTOBER 8, 2020

For the past 35+ years my practice has been serving franchise new vehicle dealerships with their tax, attest and consulting needs. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. we need to talk. we need to talk. appeared first on Roger Rossmeisl, CPA.

CPA 246

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CPA Practice

SEPTEMBER 6, 2023

In just a year, the promise of artificial intelligence has grown from a topic of science fiction movies into practical business applications. Our software vendors are working non-stop to create the tools we need to do our jobs more effectively,” said CPA Practice Advisor Editor-in-Chief Gail Perry, CPA. “We

Technology 122

Technology accounting and finance Tax CPA 122

CPA Practice

JANUARY 3, 2024

Top 15 accounting firm Moss Adams has added 20 new partners, five managing directors, and an executive director across its tax, assurance, and advisory practices and national office. For over 100 years, we’ve supported organizations as businesses advisors and accountants,” Moss Adams Chairman and CEO Eric Miles said in a statement on Jan.

Real Estate 52

Real Estate Kansas tax services Construction 52

TaxConnex

JANUARY 11, 2024

The primer adds general background on sales tax and their current applications across the various states, as well as mentions that taxation of shipping and handling can also vary. Most likely – but it might be wise to have a system to double-check your compliance if your sales are still limited enough for this to be practical.

Sales 200

Sales Tax Utah tax return 200

CPA Practice

APRIL 19, 2024

By Gail Cole One of the most effective ways for an accounting practice to increase revenue and promote client satisfaction is to offer additional services that are essential to client compliance and success. Deepening your knowledge in this area and incorporating these services into your CAS practice will make you a valuable partner.

Technology 69

Technology Tax audit Account 69

CPA Practice

MARCH 7, 2023

Some accounting practices are starting to embrace automation technology by identifying what it would take to successfully implement it (e.g., What do the 2024 CPA Exam changes mean for accounting practices? Many practices are already taking advantage of new perks like remote work to attract talent.

Technology 137

Technology CPA cpas audit 137

Going Concern

SEPTEMBER 7, 2023

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Instead, you should identify your unscalable practices, and then replace them with flexible, sustainable strategies that grow with your business. Take care, though, because growth can be a double-edged sword. A little harsh?

accounting firms 101

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CPA Practice

NOVEMBER 6, 2023

Tax Practice Leader for Markets, where he oversaw all of tax’s geographic business units, working to advance the firm’s tax strategy and differentiate the tax business in competitive markets. Spinelli is Certified Fraud Examiner, Regent, 2004-2006 and a member of the Independent Association of Inspectors General.

Construction 64

Construction Real Estate Tax Florida 64

Withum

DECEMBER 7, 2023

The practical effect of this position is to eliminate the 3.8% Now that the Tax Court has ruled that active management is inconsistent with the exception of self-employment tax, fund managers will have to consider changing their reporting practices. It has one general partner and five limited partners.

Tax 121

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Going Concern

DECEMBER 6, 2023

Despite generous parental leave policies in France, men are reluctant due to workplace culture. The study suggests changing norms around care work to address gender inequalities in accounting firms, emphasizing the need for supportive practices and role models. This oversight is problematic, conceptually and practically.

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CPA Practice

FEBRUARY 28, 2024

Establishing a general prohibition on false or misleading statements concerning registration: The proposed rule would generally prohibit a registered firm and its associated persons from making false or misleading statements concerning the firm’s PCAOB registration status, including the extent of the board’s oversight over the firm’s services.

audit 69

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CPA Practice

JUNE 28, 2023

When a Circular 230 practitioner dies, leaving behind a tax practice, there can be many questions and much uncertainty about the practitioner’s preparations beforehand and the consequences for clients and those responsible for administering the deceased practitioner’s estate.

Tax 98

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CPA Practice

DECEMBER 28, 2023

This machine learning-powered chatbot with the GPT-3 engine at its core has captivated people’s attention with its rapidly evolving ability to interpret questions and commands to produce generally coherent natural-language responses. Image-generating AI can create images in multiple styles, responding to users’ prompts.

accounting firms 119

accounting firms Account accountant accounted 119

CTP

JANUARY 22, 2024

To help guide you, the Office of Professional Responsibility (OPR) publishes a document called Circular 230 that covers “Regulations Governing Practice before the Internal Revenue Service.” To help you answer that question, this blog will explore two key ethical topics: unauthorized practice of law and competence.

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tax planning Tax California Education 52

CPA Practice

FEBRUARY 19, 2024

a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. Based in Atlanta, GA, Borsuk serves as the national sales leader and was formerly the leader of the firm’s Blackline practice. Based in St.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

Airbase

APRIL 4, 2023

Vigilance and careful practices are the first and most important lines of defense. Vigilance and best practices are the first and best line of defense. There are best practices that companies can implement as a first line of defense. Best practices when it comes to updating your vendor details.

Approval Workflows 130

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CPA Practice

MARCH 21, 2024

Soroban Capital Partners (“Soroban”) is an investment firm which converted to a limited partnership from an LLC under Delaware Law with Soroban Capital Partners GP LLC (“Soroban GP”) being the general partner. Since the instructions use “generally,” it inherently implies that there are exceptions.

Tax 122

Tax tax return Delaware accounting and finance 122

Xero

APRIL 2, 2023

Reports: A new version of the General Ledger Summary report is now available. You can drill down into the General Ledger Detail report , choose which accounts to show, customise columns and more. Xero Practice Manager: We’re making it easier to find jobs by client in Xero Practice Manager.

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Withum

OCTOBER 27, 2022

Cyber hygiene, or cybersecurity hygiene, is a term used for observance of leading technology security practices, and it generally applies to businesses and individuals alike. Organizations can maintain their health and prevent data breaches and/or other security incidents by following cyber hygiene best practices and measures.

audit 122

audit Technology 122

Going Concern

FEBRUARY 28, 2024

These PCAOB inspections focus on our quality control standards, technical knowledge of audit, accounting and financial reporting rules, as well as our hiring and training practices. Proposed Rule 2400 aims to achieve the following: Establishing a general prohibition on false or misleading statements concerning registration.

auditor 64

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CPA Practice

NOVEMBER 13, 2023

Reliance on tools – In today’s tax practice environment, members rely on technology to provide services. Since that time, tax practices have expanded into a variety of services including tax representation services. Representation of clients before taxing authorities — The original standard was focused on compliance services.

Tax 59

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Withum

MARCH 14, 2024

The ESG Data Convergence Initiative (EDCI) is a collaborative initiative between Limited Partners (LPs) and General Partners (GPs) based around a set of core ESG metrics designed to create meaningful comparable PortCo benchmarks for private markets. Already Registered?

New York 52

New York 52

Withum

JANUARY 4, 2024

View On-Demand Webinar Learning Objectives: Interpret implementation and general tax updates. Identify 2023 and 2024 payroll and benefits updates, best practices, and recommendations. Identify 2023 and 2024 Forms 1099-MISC and 1099-NEC reporting, best practices, and recommendations.

Healthcare 52

Healthcare Tax payroll tax accounting standards 52

Going Concern

JANUARY 4, 2024

Real Estate Practice). Technology Practice). Driesen consults with clients on various aspects of international tax, providing both technical and practical advice as companies look to expand and operate globally. Automotive & Dealer Services Practice). Financial Services Practice). Financial Services Practice).

Real Estate 56

Real Estate Hospitality Construction audit 56

CPA Practice

MAY 4, 2023

New York’s Attorney General Letitia James said Thursday that eligible TurboTax users will get an email about their settlement and checks should arrive throughout May. An investigation into Intuit’s practices determined the company used several deceptive and unfair practices, limiting tax filers’ participation in the IRS Free File Program.

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income tax tax return Tax Legal 96

Going Concern

MARCH 4, 2024

When he assumes the role on April 1, he’ll be leading a practice that consists of 150 partners and 2,000 professionals. In addition to his work with EY, he also served as a senior leader of supply chain improvement with General Mills. Edwards received his BBA from the University of Notre Dame and an MBA from Indiana University.

Indiana 71

Indiana Account accountant accounted 71

CPA Practice

NOVEMBER 2, 2023

I’ll miss Mint.com – it’s a great app for people getting started in managing their finances,” said Gail Perry, CPA, editor-in-chief of CPA Practice Advisor, and author of Mint.com for Dummies. The Mint team noted the feature set of Credit Karma will be attractive to Mint users, who have generally had higher credit scores and income ranges.

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quickbooks CPA Finance Account 93

CPA Practice

AUGUST 3, 2023

The American Institute of CPAs, representing AICPA & CIMA, has updated its practice aid for accounting and auditing of digital assets, with added material on auditing. The practice aid, Accounting For and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S.

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