CPA Practice

JANUARY 25, 2023

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, has announced that Archambault & Associates has joined the organization, effective January 1, 2023.

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Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations.

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CPA Practice

MAY 2, 2023

He and his staff of 13 offer an array of tax advisory services, tax preparation and compliance, bookkeeping, and outsourced CFO services. We always lead with tax advisory services because we feel that it’s a value-added service,” said Aragon. Eric is president and founder of Aragon Accounting Corporation in Corona, CA.

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CPA Practice

MAY 15, 2024

The awards also let professionals see the technologies and best workflow practices their peers are using, which can help them stay competitive in the constantly-evolving tax and accounting space. But even basic tax planning can make a big difference in reducing future tax liability. Now, on to the results!

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Withum

OCTOBER 18, 2023

With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. In 2023, bonus depreciation decreases to 80% of an asset’s cost basis. What About Estate Planning? million for married couples).

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CPA Practice

AUGUST 16, 2023

With many of you billing in advance for services, the FedNow release on July 20, 2023, of same-day ACH can make a difference in your practice and the cash flow of your clients and is likely to impact our payment systems soon. We have seen the extension of Corvee Tax Planning and Zoho One with AI earlier this year.

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CPA Practice

FEBRUARY 23, 2024

Similarly, tax practices for firms who embrace AI & TAAS will outperform firms that do not adapt to the coming innovation. Here are some examples of how this will manifest: • Accelerating tax preparation. Advanced tax preparation automation will transform preparers into reviewers and free up staff to focus on client service.

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ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

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Going Concern

JUNE 21, 2024

TAX CANDIDATES FTE Tax Manager | Candidate ID # 21914340 Certifications: CPA Education: BS Accounting Experience (years): 10 years accounting and tax experience Work experience: 9+ years in public accounting 4+ years as Tax Manager Led a team of 7 Preparation and review of tax returns Tax planning and advisory services Client niches: SMBs, Healthcare, (..)

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CPA Practice

AUGUST 28, 2024

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “ Instead is truly innovating how taxes are done.

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Snyder

NOVEMBER 14, 2022

What is tax season like for accountants? Will tax filing season be easier in 2023? 5 tax busy season survival tips for CPAs. What is tax season like for accountants? Tax season can be one of the most stressful times for accountants. Will tax filing season be easier in 2023? Consider this.

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CPA Practice

MARCH 19, 2024

Marriage The first question that a lot of newlyweds ask themselves and/or their tax preparer is – “Can we still file as single?” If you are legally married, the answer is no, and you may not want to anyway given the potential tax implications. Jamie Scott is a partner at The Bonadio Group.

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Going Concern

JANUARY 4, 2024

The class of 2024 is 44% smaller than that of 2023 when 36 people at Moss Adams earned their stripes. Tax Credits & Incentive Services). Sund assists clients with asset-related tax planning and helps them assess the impact of tangible property regulations on their business. International Tax Services).

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CPA Practice

NOVEMBER 9, 2023

Intuit Accountants offers a range of products and services to help tax and accounting professionals stay ahead of the curve. State Tax Analysis and Projections – Expands capabilities that include primary state returns, in addition to federal returns.

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CPA Practice

AUGUST 31, 2023

What we’re now realizing is that the transition from pension to 401(k) didn’t come with the education that most needed to understand how to ensure they’re fully prepared for the retirement phase of life. Similar catch-up contributions are also available for IRAs. She was recognized as a 2021 CPA Practice Advisor “40 Under 40” Professional.

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Nancy McClelland, LLC

DECEMBER 23, 2022

You can imagine why so many of us were concerned about this imminent change — statements from the AICPA, NATP, National Taxpayers Union Foundation and other professional organizations made it clear that the burden on the beleaguered IRS and tax preparers was simply unreasonable, and the timeframe for implementation too short.

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ThomsonReuters

NOVEMBER 15, 2023

What is the maximum charitable deduction for 2023? In 2023, monetary donations can constitute up to 60% of your Adjusted Gross Income (AGI). The threshold for appreciated assets, such as stocks, remains at 30% of your AGI for both 2022 and 2023. What is the standard deduction in 2023?

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ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. For the tax year 2022 (the tax return filed in 2023), you may be eligible to exclude up to $112,000 of your foreign-earned income from your U.S. income taxes.

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Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. Here’s a good video of how MindBridge works in action: 15) Tax Planning.

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ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Up-to-the-minute reporting promotes client engagement with tax planning and advisory services around their crypto assets. Transaction matching.

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Going Concern

JUNE 21, 2024

Here’s a sampling of this week’s candidates to save you a click: FTE Tax Manager | Candidate ID #21914340 Certifications: CPA Education: BS Accounting Experience (years): 10 years accounting and tax experience Work experience: 9+ years in public accounting 4+ years as Tax Manager Led a team of 7 Preparation and review of tax returns Tax (..)

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Cherry Bekaert

OCTOBER 3, 2024

The TCJA also eliminated the miscellaneous itemized deduction, which typically includes investment management and tax preparation fees. This deduction will return if the TCJA sunset moves forward as planned. Child Tax Credit With the TCJA sunset, the child tax credit will also revert to $1,000, as opposed to the current $2,000.

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Going Concern

AUGUST 23, 2024

1, 2023, and Aug. Subsequently, we also saw a decline of 35 percent in the number of [certified public accountant] examinees from 2019 to 2023,” Galang said during a conference focused on the local accounting industry. What to know: Harris didn’t release a new tax plan. The firm also added 21 clients in that time.

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