Going Concern

NOVEMBER 8, 2024

Second, the firm failed to timely file its annual reports on PCAOB Form 2 for 2021, 2022, and 2023, in violation of PCAOB Rule 2201, Time for Filing of Annual Report. Lovesac to settle accounting violation suit brought by SEC for $1.5 million [ Furniture Today ] The SEC complaint, filed in the U.S.

Florida 98

Florida Mississippi audit auditor 98

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.

cpas 90

cpas cpa firm California CPA 90

CPA Practice

JULY 8, 2024

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants. AICPA Recognizes Six Individuals with 2024 Outstanding Young CPA Award The AICPA & CIMA recently recognized six practicing CPAs under the age of 40 with the 2024 AICPA Outstanding Young CPA Award.

cpas 122

cpas North Carolina Illinois Texas 122

CPA Practice

AUGUST 3, 2023

For the last two years, the American Institute of CPAs (AICPA) has diligently and consistently advocated on behalf of taxpayers and CPAs to the Internal Revenue Service (IRS) and the Department of the Treasury regarding unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims.

cpas 98

cpas cpa firm payroll tax CPA 98

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. The firm added Nigl Accounting, based in Oshkosh, WI, in December 2021. Most recently, Schowalter & Jabouri merged into the firm in December 2023.

Iowa 105

Iowa cpa firm cpas CPA 105

CPA Practice

APRIL 9, 2024

Reid, ranked as one of the top 20 accounting firms on Long Island, has partnered with Tampa, FL-based accounting platform Crete Professionals Alliance. Reid, with offices in Long Island, New York City, and Boca Raton, FL, is a full-service tax and accounting firm founded in 1992. Reid is Crete PA’s sixth such partner.

cpas 59

cpas cpa firm accounting and finance CPA 59

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?

cpa firm 52

cpa firm CPA accounting careers Technology 52

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. A public accountant from the firm will be on contract until December to help Sturgis get caught up with their finances.

Account 59

Account accountant accounted South Dakota 59

CPA Practice

SEPTEMBER 27, 2023

The American Institute of CPAs (AICPA) is supporting new bipartisan, bicameral legislation establishing the accounting profession as a STEM career pathway and supporting long-standing efforts to diversify the future accounting workforce. In the House of Representatives, H.R. 1705, the STEM Education in Accounting Act.

Account 104

Account accountant accounted cpas 104

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.

Tennessee 111

Tennessee cpa firm Account accountant 111

Going Concern

APRIL 4, 2025

Orlando pet supply store, accounting firm file for Ch. CPA Firm Ciuni & Panichi Files Official Notice of Data Breach [ JD Supra ] On April 1, 2025, Ciuni & Panichi, Inc. Several older CPAs have retired and sold or closed their businesses, but they are not being replaced quickly enough.

Tax 52

Tax cpas Alabama Gaming 52

KROST

JANUARY 30, 2023

LOS ANGELES, CA [January 30, 2023] — Los Angeles-based CPA firm, KROST CPAs & Consultants, welcomes Grant K. Miller, CPA, EA, as Principal of Tax. The post Press Release: KROST Welcomes Grant Miller as Principal of Tax appeared first on KROST.

Tax 79

Tax cpa firm cpas CPA 79

CPA Practice

NOVEMBER 13, 2023

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm.

Texas 85

Texas public accounting cpa firm Account 85

CPA Practice

MAY 22, 2024

Barry Melancon, CPA, CGMA, has announced that he will to retire on December 31, 2024, from his role as president and CEO of the American Institute of CPAs and CEO of the Association of International Certified Professional Accountants. He was awarded the International Accounting Forum and Awards 2023 Lifetime Achievement Award.

Louisiana 124

Louisiana cpas accounting and finance CPA 124

Going Concern

FEBRUARY 16, 2024

The author’s research found that conflict surrounding work-life balance practices, and perceptions of unfair treatment with regard to their application within a CPA firm, were directly correlated to employee turnover intentions. Vacancies fell across all accounting firms in the UK in 2023, but the decrease was less dramatic, at 23%.

Real Estate 105

Real Estate Iowa audit public accounting 105

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 Account accountant accounted 98

Going Concern

JANUARY 3, 2024

Here’s a better source on generative AI and risks to CPA firms from the esteemed Journal of Accountancy. From the above JofA article: Unlike you, ChatGPT and other generative AI tools have not been formally educated and trained in the practice of public accountancy and are not licensed CPAs. You know what, never mind.

Account 115

Account accountant accounted Real Estate 115

Going Concern

FEBRUARY 3, 2023

Louis accounting firms say demand drives surge in hiring for non-CPA professionals [ St. Louis Business Journal ] At Anders CPAs + Advisors, the number of non-CPA professionals at the firm increased 57% from 2022-2023. The number of non-CPA professionals employed by the St.

cpas 111

cpas quickbooks accounting and finance North Carolina 111

CPA Practice

FEBRUARY 2, 2023

Top 10 accounting firm CBIZ, which provides financial, insurance and advisory services, has acquired the non-attest assets of Indianapolis-based Somerset CPAs and Advisors, effective February 1, 2023. Concurrent with this transaction, Mayer Hoffman McCann P.C.,

accounting firms 85

accounting firms Account accountant accounted 85

CPA Practice

FEBRUARY 5, 2024

David Wurtzbacher – 2023 “20 Under 40” Influencer Founder & CEO Ascend LLC www.ascendtogether.com Recent Career Highlights Having raised private equity capital from Alpine Investors, I formally began building a management team in January 2023, and striking our first partnerships with exceptional firms.

cpa firm 52

cpa firm cpas CPA Account 52

Going Concern

JANUARY 8, 2024

Tax professionals charged an average of $218 for new clients in 2023, a 25% jump from $174 in 2021, the National Association of Tax Professionals found in its 2023 Tax Fee report. Here’s some news from the AICPA via CPA Journal : Firms had a strong fiscal 2022, but number of accounting majors drops sharply.

Tax 105

Tax Account accountant accounted 105

Going Concern

JANUARY 6, 2023

Wooooo it’s the first Footnotes of 2023! Challenges And Opportunities For Accounting Departments In 2023 [ Forbes ]. CPAs rev up for a new tax season [ Journal of Accountancy ]. As part of the transaction, all Arnold Group team members joined KPMG when the acquisition closed on January 1, 2023.

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

E-commerce 52

E-commerce Technology Texas accounting and finance 52

CPA Practice

APRIL 26, 2023

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

CPA Practice

OCTOBER 20, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education accounting and finance 52

CPA Practice

OCTOBER 19, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education accounting and finance 52

CPA Practice

AUGUST 28, 2024

as they promise to dramatically improve client services, firm management, small business accounting and many other areas of operations. This inefficiency cripples productivity and limits CPAs’ ability to focus on higher-value tasks. This inefficiency cripples productivity and limits CPAs’ ability to focus on higher-value tasks.

Technology 124

Technology accounting firms Account accountant 124

Going Concern

MARCH 22, 2024

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

Minnesota 113

Minnesota cpas audit CPA 113

Going Concern

MARCH 1, 2024

On June 6, 2023, the PCAOB issued for public comment a proposal ( PDF ) that would amend PCAOB auditing standards related to the auditor’s responsibility for considering a company’s NOCLAR, including fraud. The previous public comment period closed August 7, 2023, and all comments are available on the PCAOB website.

audit 111

audit Nebraska auditor chartered accountant 111

CPA Practice

JUNE 19, 2023

Clearly the career track for CPAs in the corporate world offers more glamorous and lucrative opportunities, and the sophistication and competitive nature of business finance often presents more challenges to maximize profitability that in turn yield performance opportunities for ambitious youngsters. Or is something else going on?

Government 98

Government Account accountant accounted 98

Going Concern

OCTOBER 14, 2024

Bring in the CPAs! NL Times reports : Exam fraud has been committed at PwC in the Netherlands, the accounting and consultancy firm reported this in its annual report for 2023 and 2024. The Netherlands Authority for the Financial Markets (AFM) asked all major accounting firms to conduct such an investigation.

Account 59

Account accountant accounted audit 59

CPA Practice

JANUARY 16, 2023

CPA firms said they expected to hire more new accounting graduates — 36 percent in 2022 compared to 28 percent in 2021. CPAs are becoming strategic advisors who must understand how to leverage technology to solve business problems. In 2023, more firms are expected to outsource work and engage global talent.

West Virginia 98

West Virginia Illinois forensic accounting CPA 98

CPA Practice

FEBRUARY 27, 2023

Daniel Garigen, who holds a 40% stake in Dansa D’Arata & Soucia CPAs LLP, has accused managing partner Eric Soucia of financial and workplace misconduct in a lawsuit filed this month in New York Supreme Court that seeks to force Soucia to give up control of the company. Visit www.buffalonews.com.

cpa firm 52

cpa firm CPA Non-Profits cpas 52

Going Concern

MARCH 15, 2024

Bill to let state agencies bypass State Auditor and hire private CPAs tabled [ RadioIowa ] A bill that would have let state agency budgets be audited by private CPA firms rather than the State Auditor’s Office has stalled in the Iowa House. in that time.

auditor 116

auditor cpas audit Iowa 116

CPA Practice

JANUARY 10, 2024

LeaseCrunch optimizes lease accounting processes for CPA firms by automating calculations and the required deliverables. The solution allows firms to streamline operations, save time, reduce errors, lower costs and simplify compliance with the new lease accounting standards. The transaction closed in the fourth quarter of 2023.

cpa firm 52

cpa firm CPA accounting standards Technology 52

Going Concern

SEPTEMBER 30, 2022

Starting in 2023, the barrier to entry will be lower—from a percentage standpoint, at least. It will take some time to get guidance on exactly how the changes will be applied and how they will affect projects being placed in 2023 and beyond,” Diaz said. “So

Tax 110

Tax Gaming Real Estate Start-ups 110

Going Concern

SEPTEMBER 29, 2023

The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. Prism didn’t issue a conclusion on the earnings report for the first half of 2023, citing multiple uncertainties.

auditor 111

auditor audit New York CPA 111