TaxConnex

SEPTEMBER 17, 2020

Online sales tax revenue compared to the same period in 2019 increased $140 million between April and July. Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections. Online sales accounted for $166,000 in online sales tax in June. billion, up 0.2. percent over FY19.

Oklahoma 244

Oklahoma Texas Kansas Tennessee 244

Going Concern

JULY 11, 2023

The Wall Street Journal wrote today about recent disclosures made by Advance Auto Parts, Joby Aviation, and Germany’s Evotec that specifically point to a lack of accounting staff as a contributor to or sole factor causing certain material weaknesses. We have engaged a leading public accounting firm to support this work.

Account 139

Account accountant accounted financial statements 139

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology Account 139

TaxConnex

NOVEMBER 3, 2020

percent) from the same period in 2019. Sales tax accounted for the largest decline, falling $918 million, or 23 percent. percent less than in September 2019. Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. billion (3.5 billion in September, 6.1

Sales 246

Sales Tax Wisconsin Vermont 246

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

CPA Practice

JUNE 6, 2023

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession. re increasingly becoming the face of public accounting and financial management.

CPA 134

CPA Account accountant accounted 134

CPA Practice

FEBRUARY 13, 2023

a follow-up to the initial SECURE Act of 2019, may give the Roth 401(k) option more juice. It combines several elements of traditional 401(k) plans with Roth IRA features in designated accounts. Contributions benefit from tax-deferred growth within the account. Now new legislation dubbed SECURE Act 2.0, SECURE Act 2.0

Account 122

Account accountant accounted income tax 122

Going Concern

JANUARY 3, 2023

Pay extra close attention to accounting firm press releases this year, they will be packed with claims of record applicants, excess hiring, and huge numbers of incoming interns. From Why So Many Accountants Are Quitting published in the Wall Street Journal last Wednesday: More than 300,000 U.S. People want to work here.”

Account 116

Account accountant accounted accounting and finance 116

Going Concern

NOVEMBER 2, 2022

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming. From Is There Really a Shortage of Entry Level Accountants? OK ready for the prophetic bit?

Account 126

Account accountant accounted accounting degree 126

CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

tax accountant 126

tax accountant business tax Tax Account 126

CPA Practice

MARCH 31, 2023

Technology continues to be a driver of growth for today’s successful accounting practices, and professionals know it, with a recent survey showing that 86% of respondents agree that technology will play a significant role in the growth and expansion of their practices in the next year. The survey was sponsored by Intuit Inc.,

Technology 128

Technology quickbooks Account accountant 128

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 116

public accounting Account accountant accounted 116

CPA Practice

JULY 16, 2024

Accounting is no exception. While some pundits say accounting has a dim future in the digital world of tomorrow, technologies such as cloud-based data management, process automation and advanced analytics are actually poised to further elevate accountants in new and empowering ways. Go to Part II of this two-part series.]

Technology 124

Technology accounting firms Account accountant 124

CPA Practice

FEBRUARY 8, 2024

By Mike Fouts The accounting profession is at a crucial moment in which there’s massive potential to enhance productivity, elevate client experiences, and prevent burnout. As financial first responders, accountants often find themselves under immense pressure that is only amplified by the busy tax season.

Technology 111

Technology accounting firms Account accountant 111

RogerRossmeisl

NOVEMBER 13, 2022

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. From tax years 2010 to 2019, audit rates of individual tax returns decreased for all income levels, according to the GAO.

audit 198

audit tax return CPA Tax 198

CPA Practice

MARCH 17, 2023

They’re not missing something, either (minus a few thousand dollars in their bank accounts). And stats from a 2019 U.S. But the problem persists elsewhere too, and women know it: 62% of women in advertising and 60% in accounting also said they aren’t being equally valued, according to Glassdoor.

Account 121

Account accountant accounted accounting and finance 121

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

Account 116

Account accountant accounted CPA 116

Going Concern

DECEMBER 5, 2023

Related research: In 2019, Academic Researchers Tried to Answer the Question ‘Is Accounting a Miserable Job?’ The post Science Has Finally Explained Why Accountants Are Good With Numbers: Because They’re Cynical and Negative appeared first on Going Concern. ’ Go forth and be negative, friends.

Account 116

Account accountant accounted 116

Withum

MAY 7, 2024

The Internal Revenue Service (IRS) again postponed Required Minimum Distribution (RMD) rules for certain taxpayers owning inherited retirement accounts. Prior to 2020, beneficiaries of inherited retirement accounts were generally able to withdraw the balance of these accounts over their lifetime.

Account 98

Account accountant accounted income tax 98

Going Concern

MAY 9, 2023

So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on. Ten to fifteen years ago, as soon as we graduate from Accountancy school, we would be employed by accounting firms or other local corporations. The salary.

cpas 122

cpas Account accountant accounted 122

CPA Practice

AUGUST 23, 2023

Partnering with an outsourced accounting firm can not only help leadership recapture lost time, but also increase financial efficiency and improve data accuracy – providing real-time insights and expertise that will embolden organizations’ missions and allow them to maximize their impact with limited resources.

Account 98

Account accountant accounted accounting and finance 98

Going Concern

OCTOBER 18, 2022

CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. look how excited 5 out of 8 of these people are.

Account 105

Account accountant accounted Texas 105

CPA Practice

AUGUST 29, 2024

As more than 75% of Certified Public Accountants reached retirement age in 2019 and fewer recruits are entering the field due to demanding education and work experience requirements, the talent gap is widening—the U.S. is lacking 340,000 accountants alone. based companies between Q1 2022 and Q1 2024.

Account 98

Account accountant accounted public accounting 98

Accounting Today

AUGUST 12, 2024

The SEC charged electric vehicle company Ideanomics and three of its executives with fraud for misleading the public about its financial performance from 2017 and 2019.

Account 89

Account accountant accounted 89

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 105

tax preparation Gambling Account accountant 105

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Shout-out to NPR for continuing to stay on top of the accounting shortage. Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. Find it, and other ICPAS insights, here.

audit 105

audit auditor Account accountant 105

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account 105

Account accountant accounted Real Estate 105

CPA Practice

APRIL 4, 2024

The charges identified Kroger as a professor of business and accounting, but does not specify where. According to the indictment, Kroger and a business partner identified only as “Individual A” set up a Wyoming-based company called Lone Star Municipal Finance Company LLC in October 2019.

Real Estate 74

Real Estate Account accountant accounted 74

MarkFriedlich

APRIL 1, 2020

In Wolters Kluwer’s 2019 survey of tax and accounting professionals, we found that technology has helped firms the most within the areas of profitability and efficiency, but it is […]. The post 5 Metrics to Measure for Peak Performance appeared first on Tax & Accounting Blog.

Tax 150

Tax Technology Account accountant 150

CPA Practice

MAY 2, 2024

By Michael Stavola, The Wichita Eagle (TNS) A former Wichita Police Department associate accountant had a first appearance in court this week on charges accusing her of stealing money from the city. One of the charges accuses her of stealing $25,000 to $100,000 sometime between May 20, 2019, and March 9, 2023.

Account 98

Account accountant accounted 98

Bharmal&Associates

OCTOBER 23, 2020

The stretch IRA strategy involves keeping as much money as possible in your traditional IRA or Roth IRA while you’re still alive and then leaving the account to your spouse or a younger beneficiary, who keeps the inherited account rolling for as long as possible and keeps collecting the tax benefits. Thus, the term “stretch IRA.”.

cpas 147

cpas Maine Tax Account 147

TaxConnex

SEPTEMBER 29, 2020

percent over August 2019 – not even counting $9.6 Critics say the latter failed to account for local sales taxes in the state’s complex sales tax system. The state’s largest categories of general fund tax revenue, individual and corporate incomes taxes and sales taxes, all rose in August. Sales taxes were up 8.2

Sales 246

Sales Tax Alabama Texas 246

AdviceForTaxpreparers

SEPTEMBER 8, 2020

My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. For example, you might decide to go on your Facebook, Linkedin or Reddit account and make the following statement.

tax preparation 246

tax preparation Tax cpa firm tax return 246

CPA Practice

NOVEMBER 15, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor. With your hosts, Randy Johnston and Brian Tankersley, Randy Johnston 00:10 welcome to today’s accounting Technology Lab. In other accounting Technology Labs, we’ve talked about the privacy of data.

Technology 106

Technology Account accountant accounted 106

Going Concern

AUGUST 1, 2022

Despite accounting firms changing their Twitter logos to rainbows for the month of June, a shocking number of LGBT accountants are straight up leaving the profession because they feel they don’t belong. This is very bad news considering how shallow the talent pool is to begin with. EY is not in the top twenty at all.

Account 111

Account accountant accounted accounting firms 111

Accounting Today

MAY 23, 2024

The private equity giant acquired the accounting software firm in 2019.

accounting software 119

accounting software Account accountant accounted 119

Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

Government 98

Government Account accountant accounted 98