CPA Practice

MARCH 6, 2024

The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements under section 7508A. AICPA Submits Comments to Treasury on Tax Issues of OECD Pillar Two The AICPA submitted comments to the U.S.

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Cherry Bekaert

OCTOBER 10, 2023

Let Us Guide You Forward Reach out to Cherry Bekaert’s Tax Credits and Incentives Advisory team if you have any questions about your eligibility for R&D tax credits and how to apply.

Tax 115

Tax Start-ups Sales 115

Cherry Bekaert

JUNE 7, 2023

In the latest episode of our Technology podcast, Chris Delcambre , Tax Partner, welcomes members from Cherry Bekaert’s Tax Credits & Incentives Advisory practice, Martin Karamon , Melinda Young and Vivian Kohrs , to discuss how companies can turn challenges into opportunities through intentional and timely planning.

Technology 98

Technology Tax Government 98

Accounting Today

SEPTEMBER 7, 2023

The Federal Accounting Standards Advisory Board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

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Cherry Bekaert

MARCH 28, 2024

Treasury Department issued IR-2024-61 , the anticipated final regulations for its elective payment election or direct pay provisions under Internal Revenue Code (IRC) Section 6417. IR-2024-61 Updates On March 5, 2024, the U.S. These regulations cover an entirely new regime of monetization in the federal tax realm.

Tax 59

Tax income tax tax return Government 59

CPA Practice

FEBRUARY 5, 2024

AICPA’s recommendations include the following: Effective date of final regulations should be postponed Certain advisory rights connected with a restricted gift should not create a DAF A fund established at a single charity (for the sole benefit of that organization) over which a donor has advisory privileges with respect to use and/or investment of (..)

cpas 59

cpas Tax 59

Withum

FEBRUARY 9, 2024

Treasury Department (Treasury) released proposed regulations for donor advised funds (DAFs) under section 4966 (REG-142338-07) which includes updated proposed interpretive guidance surrounding excise tax on taxable distributions from a DAF.

Non-Profits 64

Non-Profits Tax Account accountant 64

CPA Practice

JULY 27, 2023

Advisory, Advisory, Advisory. What does advisory mean to you and your firm? And while smaller firms know they should deliver tax advisory services, they struggle with how to get started, the fees they should charge , and capacity issues. Interest by tax accountants in learning more about advisory is strong.

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CPA Tax tax planning tax return 97

Cherry Bekaert

JANUARY 18, 2024

2024-9 providing taxpayers with timely information concerning accounting method changes and the treatment of specified research and experimental (SRE) expenditures under Section 174 and Section 460. Taxpayers may not be able to change certain positions on the return that were inconsistent with various sections.

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tax return Tax Account accountant 89

Cherry Bekaert

APRIL 18, 2023

On the surface, it may seem like a simple accounting method change, but Section 174: Amortization of Research & Experimental Expenditures has complex implications and rules, particularly for technology companies, as it relates to research and software development costs.

Technology 72

Technology Tax Account accountant 72

Cherry Bekaert

MARCH 13, 2023

Authors: Andre Kohn, Senior Associate, Tax Credits & Incentives Advisory and Bill Haberson, Manager, Tax Credits & Incentives Advisory On February 21, 2023, the Internal Revenue Service (IRS) released a new Form 7205 requiring documentation for the Energy Efficient Commercial Building Deduction.

Construction 52

Construction Tax Government 52

CPA Practice

OCTOBER 11, 2023

The survey – conducted every two years by the AICPA & CIMA’s Private Companies Practice Section (PCPS) and CPA.com, the AICPA’s business and technology arm – is the profession’s largest practice management benchmarking tool. That rate eclipses the 4.2%

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accounting firms Account accountant accounted 119

CPA Practice

FEBRUARY 28, 2024

As such, EisnerAmper, a leading global business advisory firm, is pleased to introduce its Cybersecurity eBook. The Cybersecurity eBook features sections on: Types of Cybersecurity – Software, cloud, Internet of Things.

Education 64

Education 64

ThomsonReuters

JUNE 15, 2023

For more information, see EBIA’s Health Care Reform manual at Section XII.C (“Coverage of Preventive Health Services”) and EBIA’s Group Health Plan Mandates manual at Section XIV.C (“Required Preventive Health Services Coverage”). See also EBIA’s Self-Insured Health Plans manual at Section XIII.C.1

Government 98

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Cherry Bekaert

MARCH 14, 2023

For tax years beginning in 2022, Internal Revenue Code Section 174 (Sect. Join leaders from the Cherry Bekaert Tax Credits & Incentives Advisory team as we answer these questions and cover: Define research and experimentation and software development qualifying expenses Discuss what is not considered Sect.

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tax return Tax Account accountant 52

CPA Practice

APRIL 22, 2024

Chamoun, CPA – Cherry Bekaert Advisory LLC | Taxation International Committee Michael Chandler II, CPA – George Bagley & Company LLC | Taxation Individual Committee Jennifer M. Tony Boras, CPA – Crowe LLP | Governmental Report Review Committee Elizabeth D. Buffardi, CPA, CFP(R) – Crescendo Financial Planners | Media Expert Amy M.

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Cherry Bekaert

APRIL 3, 2023

In the latest episode of the Tax Beat Podcast, Brooks Nelson , Partner and Strategic Tax Leader, and Sarah McGregor , Tax Director, are joined by Ron Wainwright , Tax Credits & Incentives Advisory Partner, and Brian Dill , International Tax Leader.

Real Estate 75

Real Estate tax planning Tax 75

Cherry Bekaert

APRIL 2, 2024

Host Amy Dosik , Not-For-Profit Tax Practice Leader at Cherry Bekaert is joined by special guests Martin Karamon , Tax Credits and Incentives Advisory Leader, Timothy Doran , Energy Tax Credits and Incentives Director, and David Mohimani, Tax Credits and Incentives Manager, to talk about the direct pay program for not-for-profit entities.

Tax 59

Tax 59

CPA Practice

OCTOBER 12, 2023

To help remedy the profession’s pipeline issues, the AICPA in the past year convened the National Pipeline Advisory Group , a multi-stakeholder group that is exploring data-driven approaches to address the talent shortage. The number of unique CPA Exam candidates declined from 72,271 in 2021 to 67,335 in 2022.

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CPA Practice

JANUARY 19, 2024

Jump to a section: 1. Or is it CAS (Client Advisory Services)? Or is it CAAS (Client Accounting and Advisory Services)? Or is it CAAS (Client Accounting and Advisory Services)? Whitehouse noted that Dossani is also on the board of the ITA and is driving much of the growth and direction within the group’s CAS section.

accounting firms 78

accounting firms Account accountant accounted 78

Cherry Bekaert

APRIL 4, 2023

Contact Us The post Tax Credits & Incentives Advisory Services appeared first on Cherry Bekaert. As a key benefit to growing businesses, Cherry Bekaert can provide support for your organization’s tax credits and incentives requirements. utilizing energy-efficient technologies, LEED® certification, etc.) businesses.

Tax 75

Tax payroll tax Real Estate payroll 75

ThomsonReuters

APRIL 20, 2023

For more information, see EBIA’s Health Care Reform manual at Section XII.C (“Coverage of Preventive Health Services”) and EBIA’s Group Health Plan Mandates manual at Section XIV.C (“Required Preventive Health Services Coverage”). See also EBIA’s Self-Insured Health Plans manual at Section XIII.C.1

Legal 98

Legal Government Tax Account 98

CPA Practice

APRIL 27, 2023

Section 174 of the Internal Revenue Code underwent significant changes in recent years, with the Tax Cuts and Jobs Act (TCJA) requiring mandatory capitalization and amortization of Section 174 “research and expenditure” costs for tax years beginning on or after Jan. By Scott Ibbotson. In 2017, Congress passed the TCJA.

Tax 98

Tax income tax Manufacturing Finance 98

Cherry Bekaert

FEBRUARY 6, 2023

Cherry Bekaert’s Bill Harbeson, Tax Credits & Incentives Advisory Manager, joined the IDI Distributor R-Value podcast to discuss the details of the Section 179D Energy-Efficient Commercial Building Deduction (Sect. 179D) and benefits it could potentially have for your construction company.

Tax 63

Tax Construction 63

CPA Practice

JUNE 28, 2023

Whitehouse’s resume includes roles at Top 100 and niche accounting firms, accounting software developers, consulting and advisory practices, and private industry. Brian Terrell, Managing Partner, BTerrell Group, LLP; and Kim Austin, Global Director of Strategic Accounting Partnerships at Avalara.

Technology 98

Technology CPA accounting software accounting firms 98

Cherry Bekaert

FEBRUARY 14, 2023

Department of the Treasury (the Treasury) and Internal Revenue Service (IRS) issued Notice 2022-61 , Prevailing Wage and Apprenticeship Initial Guidance Under Section 45(b)(6)(B)(ii) and Other Substantially Similar Provisions (Notice 2022-61). Notice 2022-61 provides guidance for this exception. More Questions?

Construction 75

Construction Tax 75

Going Concern

FEBRUARY 17, 2023

A bill for an act relating to certified public accountants; amending standards for required education and experience; amending Minnesota Statutes 2022, section 326A.03, BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 2022, section 326A.03, This section is effective July 1, 2023.

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CPA Practice

NOVEMBER 10, 2023

Howard’s extensive knowledge and commitment to the profession during his tenure on multiple committees has been instrumental in advancing the interests of the forensic and valuation services area,” said Barbara Andrews, director of forensics and technology advisory services for the AICPA & CIMA. “He Nowlin, Jr.,

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forensic accounting CPA accounting and finance chartered accountant 69

Cherry Bekaert

FEBRUARY 6, 2023

The new changes went into effect on January 1, 2023, nearly tripling the Section 179D deduction for qualified buildings and expanding the types of buildings eligible. Increased Maximum Deduction Originally, Section 179D was equal to the lesser of $1.80 Private institutions (i.e.,

Construction 40

Construction Real Estate Hospitality Tax 40

ThomsonReuters

APRIL 6, 2023

For more information, see EBIA’s Health Care Reform manual at Section XII.C (“Coverage of Preventive Health Services”) and EBIA’s Group Health Plan Mandates manual at Section XIV.C (“Required Preventive Health Services Coverage”). See also EBIA’s Self-Insured Health Plans manual at Section XIII.C.1

Tax 52

Tax Account accountant accounted 52

CPA Practice

MAY 7, 2023

More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income for property owners across the U.S. Helping your clients plan ahead to take advantage of the Augusta rule is a great tool in your tax advisory bag! throughout the year.

Real Estate 110

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CPA Practice

NOVEMBER 16, 2023

Aprio, LLP , the fastest-growing business advisory and accounting firm in the U.S., We are grateful for the Aprio volunteers who worked to restore a critical trail so our 45,000 visiting school children can explore and interpret a new section of woodlands in the Chattahoochee River ecosystem.

Non-Profits 52

Non-Profits Alabama New York Education 52

Withum

FEBRUARY 2, 2024

Plan sponsors, acting as named fiduciaries under ERISA section 402(a), are responsible for the design, implementation, amendment, and termination of the plan. Contact Us For more information on this topic, please contact a member of Withum’s Self-Insured Health Plan Advisory Services Team.

Healthcare 52

Healthcare Legal Government Technology 52

CPA Practice

APRIL 26, 2024

FASB staff also noted that the PCC will hold a liaison meeting with AICPA Private Companies Practice Section (PCPS) Technical Issues Committee (TIC) in May 2024, and a town-hall style forum at the AICPA ENGAGE Conference in June 2024.

accounting standards 52

accounting standards Government financial statements audit 52

Cherry Bekaert

OCTOBER 6, 2023

Notice 2023-63 Provides Clarity on Capitalization and Amortization of Research Costs On September 8, 2023, the Internal Revenue Services (IRS) released Notice 2023-63 (the Notice), Guidance on Amortization of Specified Research or Experimental (SRE) expenditures under Internal Revenue Code Section 174.

Tax 52

Tax payroll payroll tax accounting and finance 52

CPA Practice

NOVEMBER 7, 2023

Howard’s extensive knowledge and commitment to the profession during his tenure on multiple committees has been instrumental in advancing the interests of the forensic and valuation services area,” said Barbara Andrews, director of forensics and technology advisory services for the AICPA & CIMA. “He Nowlin, Jr.,

forensic accounting 59

forensic accounting CPA accounting and finance chartered accountant 59

Going Concern

MARCH 15, 2024

Tax alert: What the new guidance for Section 174 means for businesses [ Atlanta Business Journal ] The $78 billion H.R. 7024 bill’s impact on businesses relying on R&D and R&E credits is multifaceted, intertwined with the complex interplay between Section 41 and Section 174. Talent shortage? Never heard of her.

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