CPA Practice

OCTOBER 14, 2024

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of Oct. Candidates may nominate themselves, or may be nominated by their peers, colleagues, or others in the accounting profession.

Education 128

Education tax preparation public accounting Gaming 128

TaxConnex

NOVEMBER 21, 2024

We’ve pulled info from a variety of sources that indicate the answer is yes – with ecommerce leading the charge, as online accounted for almost five times the number of Black Friday sales in 2020 compared with 2010. Technology has always impacted holiday shopping but the seems to grow every year: Amazon accounted for more than 17.7%

Sales 147

Sales Retail Tax online accounting 147

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 accountant accounted Account 134

TaxConnex

SEPTEMBER 17, 2020

Texas , even as a pandemic rages and wanes, is also enjoying a bump in sales tax revenue for fiscal 2020: $34.10 Total sales tax revenue for the three months ending in August 2020 was down 2.7 Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections. billion, up 0.2.

Oklahoma 244

Oklahoma Texas Kansas Tennessee 244

RogerRossmeisl

JULY 27, 2021

Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions This is the minimum amount you must withdraw from your retirement accounts. Roth IRAs don’t require withdrawals until after the death of the owner. You can withdraw more than the minimum required amount.

Tax 246

Tax CPA accounted Account 246

RogerRossmeisl

OCTOBER 6, 2021

The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than others. Those found through account reconciliation ran for a median. These methods can significantly lower fraud durations and losses.

audit 246

audit CPA accounted Account 246

CPA Practice

OCTOBER 16, 2024

The board of directors of the Association of International Certified Professional Accountants has appointed Mark Koziel, CPA, CGMA, as the organization’s next CEO. He began working in the profession at a large accounting firm, Lumsden McCormick, based in Buffalo, New York. These are transformative times for our profession.

accounting and finance 105

accounting and finance CPA New York Finance 105

Going Concern

JULY 17, 2024

INSIDE Public Accounting is due to release their Top 500 list soon and in the meantime, they’ve asked a very important question: Will 2024 show another big boost in compensation? Since 2020, staff pay has increased by 15.7 The post Just How Much Have Accounting Salaries Increased in the Last Five Years?

accountant salary 129

accountant salary accountant accounted Account 129

CPA Practice

OCTOBER 24, 2024

23—ANDERSON, INDIANA — An Anderson accountant has been sentenced to federal prison for the theft of almost $1 million from the Anderson company where he was employed. According to court documents, for nearly six years, Wills was employed as an accountant and director of administration for an Indiana business.

Indiana 52

Indiana accountant accounted Account 52

RogerRossmeisl

MARCH 25, 2021

If so, be aware that a law was recently enacted that makes significant changes to retirement accounts. You can keep making traditional IRA contributions if you’re still working Before 2020, traditional IRA contributions weren’t allowed once you reached age 70½.

CPA 246

CPA Account accountant accounted 246

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. That rate eclipses the 4.2%

accounting firms 119

accounting firms accountant accounted Account 119

RogerRossmeisl

DECEMBER 28, 2020

Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions can have a major impact on the size of your nest egg at retirement. The contribution limit for 2020 is $19,500. Employees age 50 or older.

CPA 246

CPA Tax Account accountant 246

RogerRossmeisl

MAY 30, 2022

Government Accountability Office, the proportion of businesses adding cyber coverage increased from 26% in 2016 to 47% in 2020. These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. According to the U.S.

CPA 246

CPA Government Account accountant 246

CPA Practice

DECEMBER 5, 2024

The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies.

CPA 119

CPA cpas management accounting management accounts 119

Accounting Today

FEBRUARY 5, 2025

Total undergraduate accounting enrollment for fall 2024 was 257,278 students, the highest reported since fall 2020 and just shy of the pre-pandemic fall 2019 enrollment.

accountant 96

accountant accounted Account Education 96

RogerRossmeisl

DECEMBER 12, 2020

According to data company Dun & Bradstreet, business identity theft increased more than 250% in the first half of 2020. In a more typical year, crooks use stolen business identities to file fraudulent tax returns, apply for credit and empty bank accounts. businesses — for this remarkable number. Is your business vulnerable?

tax return 242

tax return CPA Tax Account 242

CPA Practice

APRIL 12, 2023

A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement. According to the Association of International Certified Professional Accountants, the number of U.S. Has the CPA license entered a death spiral?

accountant 136

accountant accounted Account Education 136

CPA Practice

SEPTEMBER 5, 2023

Accountants are part of an evolving industry where 82% of accountants agree that client expectations have widened. Clients may still need your services, but they want an accountant to go the extra mile for them. Sage found that 67% of accountants prefer cloud-based accounting. Joseph Graziano, CFP®.

accountant 135

accountant accounted Account accounting and finance 135

Going Concern

JUNE 24, 2022

Kristy Illuzzi, CPA, CGMA of International Federation of Accountants (IFAC) on why the Great Resignation is affecting the profession so acutely : I think the Great Resignation is interesting in that it has impacted almost every sector of our economy and every profession in some way, and it’s no different in the accounting industry.

accountant 115

accountant accounted Account CPA 115

Going Concern

OCTOBER 17, 2023

The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. Says the AICPA, bachelor’s degree completions in accounting dropped 7.8% 65,035 total accounting degrees completed for 2021-22.

accounting degree 124

accounting degree accountant accounted Account 124

RogerRossmeisl

NOVEMBER 7, 2020

IRS issued Notice 2020-71 which contains the special per-diem rates for taxpayers to use, after 9/30/2020, to substantiate ordinary and necessary business travel expenses.

payroll tax 190

payroll tax CPA payroll Government 190

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.

accountant 98

accountant accounted Account income tax 98

CPA Practice

AUGUST 19, 2024

In addition to ongoing security and compliance needs, accounting firms face unique challenges when recruiting and retaining employees, offshoring, and increasing operational efficiencies. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

accounting firms 116

accounting firms Indiana cpa firm accountant 116

Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms accountant accounted Account 52

CPA Practice

JUNE 12, 2023

There is perhaps no industry in which this dynamic is more apparent than accounting; 75% of accounting processes are largely manual, according to a recent Deloitte survey of accounting professionals. This demonstrates the potential impact that automation can have — and is already having — on the day-to-day lives of accountants.

accountant 122

accountant accounted Account accounting and finance 122

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

Going Concern

NOVEMBER 14, 2023

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting. Say what now?

accountant salary 110

accountant salary accountant accounted Account 110

Acterys

DECEMBER 20, 2024

AI includes various components such as machine learning algorithms, deep learning, and robotics, which are increasingly being utilized in accounting and finance applications. Back in 2020, IDC forecasted that the global data volumes will reach 175 trillion gigabytes or 175 zettabytes. applications.

accounting and finance 130

accounting and finance Technology accounting software Finance 130

CPA Practice

OCTOBER 28, 2024

Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. Under his leadership, Intuit has transformed from a tax and accounting platform to the global financial technology platform.

quickbooks 104

quickbooks accounting and finance New York Education 104

Going Concern

FEBRUARY 14, 2023

Of the 216 accounting firms that participated in the 2022 ATAWW Survey, 97% allowed their talent to choose where they work, while 94% offer flexibility in when people are working. It’s remarkable to note that this result was up from 38% in 2020. We’re gonna need their names and HR contacts, thanks.

accounting firms 115

accounting firms accountant accounted Account 115

SMBAccountant

AUGUST 4, 2020

Austin, TX – August 4, 2020 — The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Shannon Bloom, of Melbourne, FL, the globally preferred Certified Fraud Examiner (CFE) credential.

Education 246

Education Legal Government Account 246

Airbase

FEBRUARY 3, 2023

But when businesses were forced to pivot quickly in the spring of 2020 in response to the onset of the COVID-19 pandemic, some unexpected developments occurred. In a McKinsey study, executives reported that prior to 2020, they would have predicted that implementing new business operations technology would take about 672 days.

Spend Management 130

Spend Management accountant Account accounted 130

CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S. and 8.4%, respectively.

accountant 112

accountant accounted Account cpas 112

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manage their finances efficiently. Contact us today for all you tax and accounting needs.

accountant 130

accountant accounted Account accounting and finance 130

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Are there still remote accounting jobs?

accounting firms 111

accounting firms accountant accounted Account 111

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?

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accountant accounted Account accounting degree 126

Xero

APRIL 6, 2023

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. They tell us more about the misconceptions they face, how their side projects complement their day-to-day roles, and why they love the accounting industry.

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accountant accounted Account accounting and finance 109