RogerRossmeisl

JULY 20, 2021

The post IRS 2021 “Dirty Dozen” – Persuading Taxpayers into Unscrupulous Actions appeared first on Roger Rossmeisl, CPA.

CPA 225

CPA Tax cpa firm Sales 225

RogerRossmeisl

JULY 20, 2021

The post IRS 2021 “Dirty Dozen” – Pandemic-Related Scams appeared first on Roger Rossmeisl, CPA.

CPA 242

CPA Tax cpa firm 242

Going Concern

JANUARY 6, 2023

2024 CPA Exam Blueprints released [ Journal of Accountancy ]. I’m an immigrant and I moved to the UK in 2021. based IPA 100 firm Withum (FY22 net revenue of $425.3 based IPA 200 firm O’Connor & Drew (FY21 net revenue of $22.1 CLA Acquires Ohio-Based CPA Firm Gilmore Jasion Mahler [ CPA Practice Advisor ].

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

RogerRossmeisl

OCTOBER 20, 2024

In 2021, Congress passed the Corporate Transparency Act (CTA). The post Reminder That Initial BOI Reporting for Pre-1/1/24 Entities is Due 1/1/25 appeared first on Roger Rossmeisl, CPA. While certain.

CPA 194

CPA cpa firm business tax Tax 194

RogerRossmeisl

JANUARY 15, 2021

A 1/13/2021 U.S. Treasury Department Press Release reported that the SBA is re-opening the Paycheck Protection Program (PPP) loan portal: to small lenders on 1/15/2021, and to all lenders on 1/19/2021. Background On 12/27/2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law.

payroll 154

payroll CPA cpa firm business tax 154

KROST

NOVEMBER 24, 2021

KROST recognized our new CPA licensees at the CalCPA LA Chapter ABC Networking event on November 18th at the Luxe Hotel on Sunset in Hollywood. Congratulations to: Shelby Anna Brennan, CPA. Hoang Lan N Ho, CPA. Kimberly May Hoang, CPA. Cara Wang, CPA. Kejing Wang, CPA. Huanye Xu, CPA. Jing Yin, CPA.

CPA 52

CPA cpa firm California Education 52

Dent Moses

FEBRUARY 7, 2024

Specifically, there is a real need for more incoming CPA candidates to replace those retiring and to handle increased demand. Let’s look at some statistics: There were 672,587 actively licensed CPAs as of September 1, 2023. 75% of current CPAs will retire in the next 15 years. from the previous year.

CPA 52

CPA cpas Education cpa firm 52

CPA Practice

NOVEMBER 11, 2024

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

audit 109

audit auditor cpa firm public accounting 109

CPA Practice

FEBRUARY 27, 2023

Soucia and his attorney respond that Garigen is making false accusations against Soucia, who owns 60% of the firm, in a bid to take over the company that has grown since the pair bought out the founding partners in 2021. Garigen also raises concerns about Soucia’s personal and workplace conduct.

cpa firm 52

cpa firm CPA Non-Profits cpas 52

Going Concern

JUNE 6, 2024

They’ve conveniently laid the results out in this chart: It’s encouraging to see staff compensation on the board for at least one category of firm. They might be *this close* to figuring out how closely that factor is tied to their talent problems.

accounting firms 120

accounting firms cpa firm accountant Account 120

CPA Practice

AUGUST 12, 2024

Top 200 accounting firm Honkamp merged in Brems Group, a CPA firm with offices in Cedar Rapids and Coralville, Iowa, effective Aug. Dubuque, Iowa-based Honkamp said the new locations in Cedar Rapids and Coralville will increase the firm’s ability to provide CPA and business advisory services to even more clients.

Iowa 105

Iowa cpa firm cpas CPA 105

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users.

CPA 111

CPA quickbooks Real Estate auditor 111

CPA Practice

SEPTEMBER 5, 2024

Top 20 accounting firm EisnerAmper is expanding its presence in the Chicago area by merging in Elgin, IL-based CPA firm Tighe, Kress & Orr. Since receiving private equity backing in 2021, EisnerAmper has completed several M&A deals with smaller firms to expand its footprint throughout the U.S.

Illinois 104

Illinois cpa firm cpas accounting firms 104

Going Concern

AUGUST 11, 2022

That’s a whole extra 100 firms this year from the Top 400 they usually do. Here are your top 25 firms for 2022. We’ve included 2021 INSIDE Public Accounting Top 400 rankings in parenthesis for comparison: Deloitte (1). Cherry Bekaert (not top 25 in 2021). Big 4 firms made up nearly 71.5% Wipfli (20).

public accounting 105

public accounting cpa firm Delaware CPA 105

RogerRossmeisl

JANUARY 9, 2021

In response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic, IRS Notice 2021-07 provides temporary relief for employers and employees using the automobile lease valuation rule to determine the value of an employee’s personal use of an employer provided automobile for purposes of income inclusion, employment tax, and reporting.

CPA 202

CPA Tax cpa firm business tax 202

RogerRossmeisl

NOVEMBER 2, 2021

CAA 2021 Changes Within the Consolidated Appropriations Act of 2021 (signed into law on 12/27/20) was the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA 2020). The post Taking Advantage of the WOTC (Work Opportunity Tax Credit) appeared first on Roger Rossmeisl, CPA. This means.

Tax 211

Tax CPA cpa firm business tax 211

RogerRossmeisl

AUGUST 23, 2022

In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 The post The Auto Industry is Likely to Decline in Enterprise Value appeared first on Roger Rossmeisl, CPA. According to IHS Markit, during the next five years unit auto sales will increase at a 4.7%

CPA 205

CPA Sales cpa firm 205

RogerRossmeisl

NOVEMBER 28, 2021

The post Recent FTB Clarifications on Pass-Through Entity Tax (AB-150) appeared first on Roger Rossmeisl, CPA. For calendar-year taxpayers, that is March 15, 2022. Logistics of PTE Tax Payments / K-1 Recipient Credits Prior to. Logistics of PTE Tax Payments / K-1 Recipient Credits Prior to.

Tax 175

Tax CPA California cpa firm 175

RitaKeller

OCTOBER 25, 2021

The PCPS CPA Firm Top Issues Survey gathers insights from practitioners in firms of all sizes to understand the significant issues facing firms across the country. . “Everybody gets so much information all day long that they lose their common sense.” ” – Gertrude Stein.

cpa firm 59

cpa firm CPA Tax Technology 59

Going Concern

JULY 1, 2022

billion in 2021 and many of the 66 known cannabinoids can be delivered to your someone who isn’t you’s house — legally — with just a click. One CPA on the forefront of cannabis as a specialization has some sage advice for accountants looking to break in to this market: “This niche is in its infancy.

cpas 72

cpas CPA Legal cpa firm 72

RogerRossmeisl

DECEMBER 26, 2021

As posted to the Munro Live YouTube Channel on 11/24/2021 (Run Time 46 min, 32 sec) Regarding the accelerating move to EVs, legendary automotive engineer Sandy Munro believes that OEMs are experiencing Scotoma, aka Paradigm Paralysis. GM promised 20 new EVs by 2023, yet they brought zero to the recent 2021 LA Auto Show.

CPA 179

CPA cpa firm Technology 179

RogerRossmeisl

AUGUST 15, 2021

On 7/16/2021, Governor Newsom signed into law AB-150, which provides a means by which certain pass-through entities (Qualified Entities) can make an election to pay California income tax (at the entity-level) on behalf of their owners, for which their consent must be given. Curiously the IRS has approved.

California 243

California income tax CPA Tax 243

CPA Practice

JUNE 15, 2023

Weirich, PhD, CPA, as the recipient of the 2023 Distinguished Achievement in Accounting Award for his outstanding teaching, research and service throughout his 50-year career. This text has been adopted by numerous universities, CPA firms, and corporations for staff training purposes.

Education 98

Education accountant Account accounted 98

RogerRossmeisl

AUGUST 5, 2021

From June 2020 through June 2021, the U.S. The post How New Business Start-up Expenses are Handled on your Tax Return appeared first on Roger Rossmeisl, CPA. Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched.

Start-ups 238

Start-ups tax return Tax CPA 238

RogerRossmeisl

JANUARY 11, 2021

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the permission of “second draw loans” under the Paycheck Protection Program (PPP) recently authorized by the Consolidated Appropriations Act, 2021 (CAA 2021).

payroll 161

payroll CPA cpa firm business tax 161

RogerRossmeisl

FEBRUARY 21, 2022

In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. The post Don’t Discount the Key Person Discount appeared first on Roger Rossmeisl, CPA.

CPA 207

CPA cpa firm 207

Dent Moses

SEPTEMBER 20, 2024

Earlier this year, we wrote about beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (“CTA”) signed in to law in January 2021. The BOI report filing is not a tax filing, which means CPA firms do not have clear legal authority to prepare these reports for clients.

cpa firm 52

cpa firm Legal CPA Tax 52

CapataCPA

MARCH 18, 2021

Individual Tax Deadline Extended to May 17, 2021 The Internal Revenue Service (IRS) and Treasury Department announced today the 2020 tax year federal income tax filing due date for individuals has been automatically extended from April 15, 2021 to May 17, 2021.

Tax 98

Tax income tax cpa firm CPA 98

TaxConnex

DECEMBER 21, 2021

Hiring is on the minds of many executives as we end 2021. And it’s especially hard to find professionals who know taxes: Finding qualified staff is an enduring, front-burner concern that continues to challenge even CPA firms this year. Teams are leaner than ever as existing employees quit, and new ones are harder to find.

Sales 178

Sales Tax cpa firm CPA 178

RogerRossmeisl

JANUARY 12, 2021

In a Treasury Department Press Release dated 1/8/2021, the Treasury Department and Small Business Administration (SBA) have announced that the Paycheck Protection Program (PPP) will reopen the week of January 11. The post SBA Releases Top Line Overview of First and Second Draw PPP Loans appeared first on Roger Rossmeisl, CPA.

CPA 130

CPA cpa firm business tax Tax 130

CPA Practice

MARCH 15, 2023

The first major deal by a private equity firm to acquire controlling interest in a top 20 accounting firm happened as recently as 2021, when TowerBrook Capital acquired EisnerAmper’s tax and consulting practice for an undisclosed amount. Do they flip to venture capital, or to another CPA firm?

accounting firms 132

accounting firms accountant Account accounted 132

Withum

JANUARY 30, 2024

The study also revealed a correlation between the number of employee benefit plan audits performed by a CPA firm and the quality of the audit work. Planning Opportunity for Plan Sponsors Employee benefit plan sponsors should review the findings from the DOL study and evaluate the qualifications and experience of the plan’s audit firm.

audit 52

audit cpa firm CPA public accounting 52

RogerRossmeisl

APRIL 17, 2021

As posted to Mike Frankovich’s YouTube Channel on 4/15/2021 (Run time: 8 min, 47 sec) If you’re like me, you have trouble understanding why California continues to make it so difficult to engage is what is one of the most quintessential of California pastimes. classic car ownership.

California 216

California CPA cpa firm 216

RogerRossmeisl

JANUARY 10, 2021

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the recent extension and expansion of the Paycheck Protection Program (PPP) as authorized by the Consolidated Appropriations Act, 2021 (CAA 2021).

payroll 130

payroll CPA cpa firm business tax 130

RogerRossmeisl

JULY 11, 2021

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. At that time, the ERTC applied to wages paid after March 12, 2020, and before January 1, 2021.

Tax 131

Tax CPA cpa firm business tax 131

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

cpas 98

cpas cma Real Estate accounting and finance 98

RogerRossmeisl

SEPTEMBER 30, 2021

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports that 2021 is set to be the biggest in M&A history, with the United States accounting for $2.14

CPA 130

CPA audit Sales Account 130