CPA Practice

MAY 7, 2024

After filing season, we were going to conduct an assessment of our inventory to figure out the best way to proceed. Unfortunately, there are a lot of ineligible claims in our inventory, and who is suffering from that? Because of the suspicious nature of some ERC claims, the IRS last May alerted business owners about ERC scams.

audit 124

audit Tax Government 124

CPA Practice

APRIL 24, 2024

The IRS issues several variations of its math error notices, of which the most common are: Notice Number Description CP11 We made changes to your return because we believe there is a miscalculation. CP12 We corrected one or more mistakes on your tax return. You owe money on your taxes as a result of these changes.

tax return 111

tax return Tax income tax cpas 111

CPA Practice

MAY 16, 2024

Thanks to the widespread distribution efforts, 7,780 accounting students, graduates, and young professionals under the age of 35 who were pursuing or had pursued accounting degrees and careers—including CPAs and non-CPAs—completed the survey, including 3,287 full- or part-time students. Personal time commitments to study for the exam.

CPA 118

CPA cpas accounting degree Illinois 118

Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. 2017 We managed to archive the tweet here. Clever and fun!!! Emma Stone took home Best Actress for La La Land.in

Start-ups 122

Start-ups public accounting Gaming Account 122

Going Concern

MARCH 27, 2024

Are we quickly headed toward a world where entire teams from manager on down are in another country? For the TLDR gang who can’t be bothered to read articles, here’s a screenshot of the article we’re going to discuss. And does this mean clients will get a break on fees since the talent is so much cheaper?

accounting firms 117

accounting firms Account accountant accounted 117

Going Concern

FEBRUARY 25, 2024

Why does it feel like the people who make it to partner are better at schmoozing than accounting? This doesn’t explain the partners who are terrible at both yet made it to the top anyway. We’ll assume they slept with and/or blackmailed the right people on the way up. Quite the revelation!

Account 117

Account accountant accounted Gaming 117

CPA Practice

APRIL 15, 2024

We want to thank Gov. 15 and by the Florida Senate on March 5, the legislation allows licensed CPAs who are at least 65 years of age to apply to the Florida Board of Accountancy (BOA) to place their license into retired status. On April 15, Florida Governor Ron DeSantis signed CS/HB 813 – Certified Public Accountants by Rep.

Florida 115

Florida cpas CPA public accounting 115

CPA Practice

APRIL 16, 2024

My generation is more focused on maintaining that work-life balance,” said Kowal, who works at accounting firm EisnerAmper in Philadelphia. “A Ha Pham, who graduated from college in 2019, knows what those hours can be like. That added to the workload for those who remained. She resigned about 10 months ago. “I

accounting firms 134

accounting firms Account accountant accounted 134

Going Concern

APRIL 4, 2024

As we race toward a glorious future in which AI handles all the most boring accounting tasks and frees up professionals to do more critical thinking, let’s remember we’re living in Oz and have yet to meet the Wizard face-to-face. Seattle Seahawks fans win no matter who their team is facing on the field.

Technology 116

Technology E-commerce Account accountant 116

Going Concern

MAY 13, 2024

This time, Deloitte sent a team of dozens of young consultants who got to work triaging complaints from fed-up recipients of Measure 110 grants. We have further clarified that this responsibility provides the foundation for an objective and independent audit. As such, we made changes to address this concern.

Oregon 94

Oregon Account accountant accounted 94

Going Concern

APRIL 20, 2024

We observed many of them raising prices, implementing thorough onboarding procedures that would immediately eliminate the pain in the ass clients who can’t fill out basic paperwork in a timely manner, and best of all (for them, not the clients), tax preparers across the board were turning away clients left and right.

Tax 107

Tax tax preparation cpas Account 107

Going Concern

FEBRUARY 19, 2024

Anecdotally, we’ve heard several stories of this happening at accounting firms recently. We wrote it up in the hopes the person would step forward and allow us to donate the f**k to give they are lacking. In our 2022 survey, the percentage who admitted ghosting prior to 2021 was considerably lower, at 68%.

Kansas 104

Kansas cpas accounting firms Account 104

CPA Practice

MARCH 26, 2024

Danny Werfel “There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns,” IRS Commissioner Danny Werfel wrote in a statement. “We We want taxpayers to claim these refunds, but time is running out for people who may have overlooked or forgotten about these refunds.

tax return 122

tax return Tax Massachusetts 122

Going Concern

JANUARY 5, 2024

Our 2024 Predictions For the Accounting Profession survey is still open and we invite you to share your thoughts on what lies ahead. Not only do we care about the future, we also asked what issue is currently affecting the profession but not talked about nearly enough or even at all. We should have waiting lists for new clients.

cpas 117

cpas CPA bookkeeping services tax return 117

Going Concern

MAY 16, 2024

When was the last time we covered Deloitte’s yearly Gen Z and Millennial survey? This is its thirteenth year and we’ve been around for almost 15 so…you know what, who cares. In the past we’ve always made fun of these declarations that millennials and Gen Z strongly value purpose over a paycheck.

Technology 106

Technology accounting and finance public accounting Account 106

CPA Practice

MAY 6, 2024

We extend our sincere gratitude to this year’s donors and volunteers for helping students achieve their dreams through our scholarship program.” Scholarships are funded 100% through donations to the MassCPAs Educational Foundation. We are deeply grateful to our individual and firm donors who share our vision.

Massachusetts 69

Massachusetts Account accountant accounted 69

CPA Practice

MAY 10, 2024

Duncan Freer, who sells weighted blankets and sleep masks on Amazon, expects his profit margin to slide to 8% from 20% as a result of the new fees. When we announced these new fee changes in December, we estimated that sellers will on average see an increase of $0.15 Making matters worse for merchants, shoppers are trading down.

E-commerce 109

E-commerce Sales Account accountant 109

Going Concern

APRIL 10, 2024

Some not so good news coming out of University of Warsaw this month: people who work remotely, even part-time, are less likely to get raises and promotions. And it’s male WFHers who miss out most. This research is the first of its kind post-COVID, surely academia will be investigating the matter further for many years to come.

Account 67

Account accountant accounted 67

Going Concern

OCTOBER 20, 2023

On Thursday the IRS announced a special withdrawal process to help those who may have filed an Employee Retention Credit (ERC) claim and are worried they may not be entitled to it. We want to give these taxpayers a way out. Those who received a refund check, but haven’t cashed or deposited it, can still withdraw their claim.

payroll 109

payroll audit Tax 109

Anders CPA

MARCH 5, 2024

Julie Hiblovic , an Audit and Assurance Partner, who serves as a board member and treasurer for Memory Care Home Solutions, nominated the organization for our 2024 Charity of Choice. Last year we had 678 entries , and our 2024 goal is 750! We suggest a $10 donation per entry, or more if you are charitably inclined.

cpas 98

cpas Education audit Legal 98

CPA Practice

NOVEMBER 10, 2023

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. Talent shortage and a declining number of CPAs is being actively addressed As of May, 2023, more than 300,000 U.S.

Ohio 115

Ohio cpas CPA Non-Profits 115

Going Concern

JANUARY 1, 2024

We almost used a “woman in a photobooth wearing 2024 glasses next to a guy with a mustache on a stick” image for this post but realized prior to publication that was too millennial even for us. Happy New Year and congratulations to everyone who finished their CPE or got married just under the wire. We’re tired.

109

109

CPA Practice

APRIL 18, 2024

8007 , the Disaster Tax Lookback Parity Act of 2024 , in a letter to Representatives George Murphy (R-NC) and Jimmy Panetta (D-CA), who are original sponsors of the bill. As a result, under current law, taxpayers affected by a major disaster often have less time to make a refund or credit claim than those who are not affected.

Tax 82

Tax cpas 82

Going Concern

NOVEMBER 7, 2023

When all’s said and done we’re talking at most 2.4 PwC UK chair Kevin Ellis said they decided cutting people was better than delaying or canceling new hire offers: This was partly a matter of “fairness” in not cutting off opportunities for people starting their careers and who have not yet been trained, said Ellis.

audit 109

audit Start-ups accounting firms Tax 109

SchoolofBookkeeping

APRIL 26, 2024

Because who wants professionals taking care of pesky details when you can fumble through it together, right? Who are these "Experts?" Well we all know that a certification, or accreditation does not equate to being an "expert" in anything. But don't worry, this isn't your grandma's bookkeeping service.

quickbooks 98

quickbooks bookkeeping Account accountant 98

CPA Practice

OCTOBER 19, 2023

However, the IRS warned that those who willfully filed a fraudulent claim, or who helped or conspired in that type of conduct, will not be exempted from possible criminal investigation and prosecution. “The We want to give these taxpayers a way out. They want to withdraw the entire amount of their ERC claim.

payroll 122

payroll audit Tax 122

CPA Practice

MARCH 15, 2024

To help those who were misled, the IRS has made a limited-time offer available to employers through March 22 to correct improper claims at a sharp discount. Employers who improperly claimed ERC can avoid penalties and interest – and even get a discount on repayments if they apply by March 22, 2024, to the ERC Voluntary Disclosure Program.

Tax 117

Tax tax return audit Start-ups 117

Xero

MARCH 21, 2024

At Lime Licensing Group we concentrate on Intellectual Property first, and get that in the right hands at the outset. At Lime Licensing Group we have around 50 different media channels that can work. We never sell franchises over zoom or the telephone alone.

bookkeeping software 118

bookkeeping software Legal Technology bookkeeping 118

CPA Practice

MAY 2, 2024

Shauna Marie Dickman, who appeared in Sedgwick County District Court on Tuesday morning, has been charged with two counts of felony theft, an April 2 complaint filed by the Sedgwick County District Attorney’s Office shows. The other accuses her of stealing $1,500 to $25,000 sometime between Aug. 2, 2021, and March 9, 2023.

Account 98

Account accountant accounted 98

Canopy Accounting

MARCH 8, 2024

In the spirit of International Women's Day, we continue to recognize and celebrate the contributions of women in the tax and accounting industry. This year, we're highlighting a new group of trailblazers who are redefining success, breaking barriers, and shaping the future of our field.

Account 105

Account accountant accounted Tax 105

Going Concern

OCTOBER 25, 2023

Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year. 2021 to 2022 that’s a 6% decrease in new CPA candidates, a 6.8%

CPA 127

CPA accounting degree cpas Start-ups 127

CPA Practice

MAY 22, 2024

First, interns who have converted to full-time employees are much quicker to onboard and train because they have already gone through many of those processes during their internship. Second, interns who become employees are retained at higher rates than other hires: 75.5% of non-intern employees.” of non-intern employees.”

public accounting 61

public accounting accounting firms Account accountant 61

CPA Practice

MARCH 12, 2024

We work with retirees to help maximize income, minimize taxes and plan their estate. Below are the six most common mistakes we see retirees make when seeking to minimize their lifetime tax burden. We will use their story to illustrate, and help you prevent, some of the following mistakes. Meet John and Linda. of your AGI.

tax return 111

tax return Tax Washington tax planning 111

CPA Practice

MARCH 8, 2024

Of course, whatever happens depends in large part on who controls Congress and the presidency. So we thought we’d review the 10 largest individual tax expenditures rounded up by the staff of the nonpartisan congressional Joint Committee on Taxation. Charitable contributions for filers who itemize on Schedule A of the 1040.

Tax 111

Tax income tax Washington Start-ups 111

Shay CPA

MAY 15, 2024

To help you pinpoint the right job titles and responsibilities for your first few designated hires, we have a few tips. Bringing on someone who specializes in payroll can help you overcome obstacles and stay compliant. This way, you get someone who can help with planning and predicting your company’s trajectory.

Finance 52

Finance Technology accounting and finance payroll 52

Cherry Bekaert

APRIL 9, 2024

In the first episode of our NIL podcast series, Anthony Kocheron, an associate in Cherry Bekaert’s Government and Public Sector Advisory practice, is joined by Mit Winter, an attorney at Kennyhertz Perry who specializes in college sports law and has an extensive knowledge of NIL and its effects on college athletic departments.

Sports 111

Sports Government 111

Xero

NOVEMBER 5, 2023

Today, we are thrilled to introduce you to two remarkable bookkeepers, Katie McCool and Deb Mirisch from Beam Bookkeeping , based in Newcastle and Maitland, NSW and expanding into other locations in the near future. We couldn’t be prouder of our team. As an outcome, we have a happy team and clients with balanced lives and books.”

bookkeeping 102

bookkeeping Education 102