CPA Practice

AUGUST 30, 2023

And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA.

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CPA Practice

SEPTEMBER 12, 2023

I then looked at the 2023 article “ Top 8 challenges keeping small business owners up at night ,” by Becker’s ASC Review and found these topics. You could send a client survey to identify what they are interested in. Or, ask a search engine. For example, I asked Google, “What keeps mid-sized company owners up at night?”

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CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model.

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RogerRossmeisl

FEBRUARY 5, 2023

On 2/3/2023, the IRS issued Notice 2023-16 guidance that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle tax credits.

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RogerRossmeisl

JANUARY 8, 2023

The credit generally applies to vehicles having >4 wheels that are placed in service from 1/1/2023 – 12/31/2032. The post Unpacking the Clean Vehicle Credits under IRA ’22 appeared first on Roger Rossmeisl, CPA. Who Qualifies You may qualify for.

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RogerRossmeisl

OCTOBER 30, 2023

And due to high inflation, the adjustments for 2023 were big. 179 deductions For qualifying assets placed in service in tax years beginning in 2023, the maximum §179 deduction is $1.16 However, the amounts change every year due to inflation adjustments. Here are the numbers that small business owners need to know.

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CPA Practice

MARCH 31, 2023

Suttle & Stalnaker, PLLC, a full-service certified public accounting and consulting firm with offices in West Virginia, will celebrate 50 years of serving clients in and around the Mountain State in 2023. Through strategic growth and mergers, the firm currently operates offices in Charleston, Morgantown, and Parkersburg.

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RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas.

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CPA Practice

FEBRUARY 5, 2024

Johnson, CPA, EA – 2023 “40 Under 40” Honoree Founding Partner J&F Advisors, PLLC www.jandfadvisors.com Career Highlights Ashley Johnson, a Founding Partner and strategic leader at J&F Advisors, PLLC, is committed to advancing the firm’s mission and elevating it among the top CPA firms in Detroit.

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RogerRossmeisl

NOVEMBER 20, 2023

As reported via IR-2023-193 on 10/19/2023 Special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service announced the details of a special withdrawal process to help those who filed (..)

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RogerRossmeisl

JANUARY 12, 2023

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

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RogerRossmeisl

JUNE 5, 2024

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes.

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RogerRossmeisl

SEPTEMBER 29, 2024

in 2023, up from 5.9% Electric vehicles (EVs) have become increasingly popular. According to Kelly Blue Book estimates, the EV share of the vehicle market in the U.S. To incentivize the purchase of EVs, there’s a federal tax credit of up to $7,500 for eligible vehicles.

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RogerRossmeisl

JANUARY 1, 2024

As reported via IR-2023-230 on 12/6/2023 As part of continuing efforts to combat dubious Employee Retention Tax Credit (ERTC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERTC claims.

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Steve Feinberg

NOVEMBER 29, 2023

That’s why we’re proud to announce that Appletree is the recipient of the Clutch Global and Clutch Champion awards for 2023 in recognition of our commitment to excellence in the small business accounting services field. Clutch stands as the authoritative global marketplace for B2B service providers.

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RogerRossmeisl

SEPTEMBER 4, 2023

As reported in IRS News Release IR-2023-157 The Internal Revenue Service announced that starting 1/1/2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.

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RogerRossmeisl

JANUARY 1, 2024

ERTC Voluntary Disclosure Program On December 21, 2023, the IRS announced a new Voluntary Disclosure Program for businesses who claimed the ERC erroneously. The IRS just put up a new webpage and released FAQs having to do with the recently announced Employee Retention Tax Credit (ERTC) Voluntary Disclosure Program.

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Accounting Insight

FEBRUARY 20, 2023

Several factors contribute to the shortage, like mid-career CPAs changing professions, or early retirements spurred by the pandemic. We’ve gathered three reasons for the shortage of accountants, as well as solutions for CPA firms to consider. But why has the accounting profession become so unattractive?

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CPA Practice

JUNE 29, 2023

Suttle & Stalnaker, West Virginia’s largest locally owned CPA firm, has merged with Huntington-based Somerville & Company, PLLC, effective August 1, 2023. The combination of the strength of both firms will enhance the support of and service offerings to local businesses and organizations.

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RogerRossmeisl

DECEMBER 26, 2021

GM promised 20 new EVs by 2023, yet they brought zero to the recent 2021 LA Auto Show. When a paradigm shifts, success in the old paradigm will block your vision of the future. When a paradigm changes, everything goes back to zero. Your past success means nothing.

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CPA Practice

MAY 4, 2023

Fortune recently released its 26th annual ranking of the 100 best companies to work for , and the business magazine’s list for 2023 includes seven of the top 15 biggest accounting firms in the U.S. The data, collected by the website Great Place to Work, is based on survey responses from more than 1.3 million workers across the country.

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CPA Practice

SEPTEMBER 7, 2023

Enter Financial Cents’ groundbreaking event, WorkflowCon 2023, the inaugural conference designed specifically for accounting and bookkeeping firm owners seeking to revolutionize their workflows. In her keynote presentation, she will delve into the critical role of getting workflow management right to scale your firm.

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KROST

NOVEMBER 10, 2023

PASADENA, CA – The Los Angeles Business Journal (LABJ) recognizes KROST CPAs & Consultants as one of the Top Fastest Growing Private Companies in 2023. The post Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023 appeared first on KROST.

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RogerRossmeisl

FEBRUARY 18, 2024

For 2024, a participant who earned $150,000 or more in 2023 is a highly compensated employee. appeared first on Roger Rossmeisl, CPA. PLESA basics The DOL defines PLESAs as “short-term savings accounts established and maintained within a defined contribution plan.” Here are some more.

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CPA Practice

MARCH 2, 2023

She collaborates closely with the leadership team to develop to implement initiatives that advance the firm’s strategy by unlocking the power of its more than 35,000 professionals, improving employee and partner experiences, and strengthening culture. ©2023 Quartz Media Inc. This article was originally published in Quartz.

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CPA Practice

APRIL 20, 2023

We believe the significant CPA firm publishers will extend the tools you routinely use with AI capabilities in 2023 and beyond. In the last few months, I’ve been reflecting on how your firm could use AI to improve business development, client experience, staff retention & recruitment, and other operations in your CPA Firm.

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CPA Practice

JULY 31, 2023

Valene Faulkner Joins Firm as Manager of Tax Advisory Services Schneider Downs & Co. a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit, and business advisory services to public and private companies, not-for-profit organizations and global companies.

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CPA Practice

SEPTEMBER 25, 2023

Uhl joined BNN in 2022, after spending several years at a Massachusetts- based CPA firm. Robinson earned his bachelor’s degree in accounting and finance, and his master’s degree in accounting from The University of New Hampshire. Douglas Uhl , of Haverhill, MA, has been promoted to Manager in the tax practice.

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Dent Moses

SEPTEMBER 20, 2024

In Q4 of 2023 and Q1 of 2024, congressional leaders and professional associations made efforts to extend the deadline to make the initial and annual filings. 5119) that would extend the reporting deadline by one year passed the House 420-1 in December 2023, before stalling in the senate. Click this link to see the original post.

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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. In November 2022, Honkamp acquired Vaassen, Pluemer CPAs, of Platteville, WI, and the Cedar Falls, Iowa-based office of Gosling & Co. Financial terms of the deal weren’t disclosed.

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CapataCPA

MARCH 30, 2022

The post A New Tax to Target Billionaires in 2023 appeared first on CPA firm in Orange County, CA | CAPATA.

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Going Concern

JANUARY 6, 2023

Wooooo it’s the first Footnotes of 2023! Challenges And Opportunities For Accounting Departments In 2023 [ Forbes ]. As part of the transaction, all Arnold Group team members joined KPMG when the acquisition closed on January 1, 2023. Withum Acquires IPA 200 Firm [ INSIDE Public Accounting ].

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CPA Practice

MAY 9, 2023

But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent. Hiring Survey suggest that skilled professionals are likely to find an abundance of job opportunities, given that many businesses are hiring both for new roles and vacated positions in the first half of 2023.

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Going Concern

JUNE 28, 2023

According to the recently released Thomson Reuters 2023 State of the Tax Professionals Report [ PDF ], talent is no longer firms’ most important priority. RIP workers’ market, we hardly knew ye.

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Going Concern

SEPTEMBER 21, 2023

Immediate Actions: If you have any ongoing financial transactions or impending deadlines, consider consulting with another CPA or CPA firm to ensure matters are handled as timely as possible. CPAs and CPA firms have an obligation to provide certain records. [Ed.

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Going Concern

MARCH 27, 2023

Oh and extensions are the hottest trend in tax for 2023 (no, not the Jersey Shore kind). TaxTwitter — QueenBizzy (@NotAHobbyCPA) March 25, 2023 Friendly reminder that your Tax Pro is exhausted and doing the best they can do. TaxTwitter — Deej, CPA (@DJFochs) March 21, 2023 3 weeks to go and this is me holding the boundaries.

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CPA Practice

NOVEMBER 29, 2023

Dallas private-equity firm Unity Partners acquired NDH last May , providing the accounting firm with capital, strategic, and operational support as NDH looks to expand through organic growth and strategic acquisitions. Stratus Group is the Chicago firm’s first acquisition.

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