CPA Practice

JUNE 27, 2024

A new initiative, Controllers for a Cause Scholarship Fund, seeks to support the CPA pipeline with scholarships for students sitting for the CPA Exam. Financial and corporate controllers are often CPAs with public accounting backgrounds.

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Going Concern

NOVEMBER 10, 2023

The one that contains this quote: From the CAQ report “Increasing Diversity in the Accounting Profession Pipeline: Challenges and Opportunities” The EY survey report continues: CPAs bring desirable skills to C-level executive roles. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs.

CPA 104

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Going Concern

OCTOBER 25, 2023

As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. decrease in unique candidates, and a 3.6%

CPA 128

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Going Concern

JULY 1, 2022

Clever CPAs who get in on the ground will not only open themselves up to nearly unlimited billing potential (yay), they’ll be helping cannabis businesses navigate the as-yet murky waters of legit marijuana business. So how do CPAs get into this niche? percent THC (THC is the stuff that gets you high for the squares out there).

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cpas CPA Legal cpa firm 72

CPA Practice

DECEMBER 20, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Honkamp added Nigl Accounting, based in Oshkosh, WI, in December 2021. In November 2022, Honkamp acquired Vaassen, Pluemer CPAs in Platteville, WI, and the Cedar Falls, IA office of Gosling & Co. Louis metro area to its team.

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cpa firm CPA Iowa Wisconsin 104

CPA Practice

JULY 8, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—recently announced that Larry J.

CPA 52

CPA Maryland Georgia Illinois 52

CPA Practice

AUGUST 29, 2023

Rapid technological advancement and innovation present an enormous opportunity for the accounting profession to reimagine its role as trusted business advisors, and the Digital CPA (DCPA) conference connects CPAs and firm leaders with insights, business model strategies and tools to transform their practices to maximize the opportunity.

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Going Concern

AUGUST 17, 2022

That’s how many licensed CPAs there are in the United States as of August 24, 2021 per NASBA. This only counts CPAs in 54 of the 55 licensing jurisdictions, Hawaii is not included in the data. Nearly 20 years ago, the number of licensed CPAs was 639,628 (2003) and 646,520 by 2006. Ooooh, foreshadowing!

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cpas Hawaii CPA accounting firms 75

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

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.

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cpas cma Real Estate accounting and finance 98

Going Concern

JANUARY 4, 2023

According to the AICPA , a traditional four-year undergraduate program is not adequate for obtaining the requisite knowledge and skills to become a CPA. As of this past Sunday, you can sit for the CPA exam in the state of Illinois with 120 units (you still need 150 to sit, cue The Price Is Right losing horn sound here).

Illinois 95

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CPA Practice

JUNE 12, 2023

Seven aspiring CPAs representing six Indiana universities were selected for this year’s Indiana CPA Educational Foundation Scholarship. This scholarship provides financial assistance to Indiana CPA Society (INCPAS) student members pursuing their accounting degree and entry into the CPA profession.

Indiana 52

Indiana CPA cpas accounting degree 52

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.

accounting firms 139

accounting firms CPA Technology accountant 139

CPA Practice

JUNE 6, 2023

The Illinois CPA Society (ICPAS) has announced its third class of Strategy Academy graduates. I look forward to seeing the graduates leverage their new skills and mindsets to help their clients to drive greater profitability and long-term business success.”

Illinois 52

Illinois CPA cpas accounting and finance 52

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.

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accounting firms CPA Technology accountant 135

CPA Practice

FEBRUARY 10, 2023

from April 2021 through December 2022. “I With a membership of more than 19,000, the Institute’s mission is to protect the value of the CPA license, promote the accounting profession, educate and enrich the professional excellence of the members it serves, and innovate through forward-thinking leadership.

Florida 59

Florida cpas public accounting CPA 59

Going Concern

APRIL 19, 2024

Evergrande, once one of China’s biggest property developers, ran up more than $300 billion of liabilities before it defaulted in 2021. CPAs Have a Branding Problem for the Younger Generation [ CPA Journal ] By Jason L. The post Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs?

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xendoo

AUGUST 2, 2021

How much does a CPA cost in 2021? Do you really need a CPA as well as a bookkeeper? . What Does a CPA Cost? How much does a CPA cost? How much does a CPA cost? The typical rate for a CPA is $40 per hour, according to the U.S. The Difference Between a CPA and a Bookkeeper. What is a CPA?

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Going Concern

APRIL 21, 2022

“In my view, the future of the CPA profession is at risk,” writes Yigal Rechtman, CPA, CFE, CITP, CISM in a letter to the editor published by The CPA Journal. For example, every startup would benefit immensely from having a CPA among its founders. An exclusive brand. With a 40% pass rate, this is a tough sell.

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CPA Practice

OCTOBER 17, 2024

between 2021 and 2022, after steady decreases of 1-3% since 2015-16. Here’s how to attract them to accounting: Make the education requirements for CPAs less onerous and expensive. Smith School of Business, and holds his CPA license. expect to leave the profession in the next 12 months.

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Technology accountant Account accounted 124

CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. for the fiscal year ended June 30, 2021.

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Going Concern

JULY 29, 2024

Here they talk about the changing face of accounting firms : While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to pivot due to the small pool of potential hires in the meantime. The percentage of non-CPA professionals was 50.3%

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CPA accountant Account accounted 116

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

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CPA auditor Tax accountant 105

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

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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. in the 2021-22 school year, while those earned at public schools decreased 3.3%.

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accountant Account accounted cpas 112

CPA Practice

DECEMBER 22, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Honkamp added Nigl Accounting, based in Oshkosh, WI, in December 2021. In November 2022, Honkamp acquired Vaassen, Pluemer CPAs in Platteville, WI, and the Cedar Falls, IA office of Gosling & Co. Louis metro area to its team.

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cpa firm CPA Iowa Wisconsin 52

CPA Practice

AUGUST 16, 2023

The federal agency launched Operation Hidden Treasure in 2021, for example, to root out taxpayers who fail to report income from cryptocurrency transactions on their federal tax returns. The IRS is looking for unreported assets,” said Lucas Rihely, a tax partner at H2R CPA. That’s really what the purpose of all this is.”

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cpas Real Estate tax return Tax 98

Going Concern

AUGUST 5, 2024

billion in 2021-22, excluding extensions, with KPMG, EY and PwC all recording substantial revenue falls, which contributed to a wave of layoffs. The reality, in the area of tax law, is that “our profession generally likes certainty,” CEO Barry Melancon, CPA, CGMA, said on a recent AICPA Town Hall.

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cpas double entry bookkeeping accountant Account 59

RitaKeller

MAY 17, 2021

They are changing the CPA Exam again. July 1, 2021 is when this shift in the Exam will take place. From Accounting Today: As the accounting profession evolves to meet today’s needs, the Uniform CPA Examination is also evolving to reflect these industry changes. It is shifting to put an increased focus on technology.

CPA 45

CPA cpas Technology Account 45

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. Jay Weinstein “TKO really gets it.

Illinois 104

Illinois cpa firm cpas accounting firms 104

CPA Practice

FEBRUARY 3, 2023

Reduced Tax Credits One possible reason a smaller tax refund or larger tax bill may be heading your way is both the child tax credit and the child and dependent care tax credit have been reduced for 2022, doing away with the increases they received from the American Rescue Plan Act of 2021. Find an Illinois CPA at www.icpas.org/findacpa.

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Tax Illinois tax return cpas 119

Going Concern

SEPTEMBER 12, 2023

We should have written about this months ago but didn’t get around to it, there’s some new news so let’s get to the backstory and what’s happening next with the various CPA bodies of Canada. TL;DR: CPA Ontario and CPA Quebec want to break up with CPA Canada. Y’all are familiar with those.

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CPA Practice

JULY 6, 2023

Mourer, CPA, PLLC, in Rochester, N.Y. Hays: Hays is the founder and CEO of Hays CPA LLC, in New York, N.Y. Huether: Huether is a principal at Sheehan & Company, CPA, PC in Brightwaters, N.Y. Huether received an Emerging Leader Under 40 Award in 2021, presented by the NYSSCPA. DeCandido, CPA, PLLC, in New York, N.Y.

New York 52

New York cpas accounting and finance CPA 52

xendoo

SEPTEMBER 28, 2021

If you want to make sure that you and your small business are ready for the 2021 tax season, then it is essential to remain well organized throughout the year. Due to the unprecedented challenges of 2020, the IRS extended the traditional income tax filing deadline to May 17, 2021. CPAs charge more, due to their expertise.

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tax preparation Tax income tax bookkeeping 52

Going Concern

APRIL 12, 2024

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. Lenexa accountant’s office goes dark, leaving clients concerned with looming deadline [ KCTV5 ] This guy’s CPA license was revoked by the Kansas Board of Accountancy last year.

CPA 105

CPA auditor Tax audit 105

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. CPAs rev up for a new tax season [ Journal of Accountancy ]. CLA Acquires Ohio-Based CPA Firm Gilmore Jasion Mahler [ CPA Practice Advisor ]. ” Employment. GAAP, and labor market uncertainty.

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cpa firm CPA New Hampshire Ohio 52

Going Concern

MARCH 22, 2024

She made general manager at 29 with a CPA [ eFinancialCareers ] Many young professionals begin to eye managerial posts as they approach their 30s – but Shanny Lee (CPA, Aust.) But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

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Minnesota cpas audit CPA 113