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from May to November of 2024. The post Understanding the Work Opportunity Tax Credit appeared first on Roger Rossmeisl, CPA. According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0%
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. The new requirement for.
Effective for plan years beginning January 1, 2024, SECURE 2.0 The post Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies? appeared first on Roger Rossmeisl, CPA. One provision in the law is that eligible employers will soon be able to provide more help to staff members facing emergencies.
Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Or an audit senior in Washington, DC getting $87,000 from a regional firm and a senior manager in tax with a salary of $160,000 at a top 10 CPAfirm in Atlanta.
This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPAFirm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common.
Batch Extensions from HubSync : Helps CPAfirms prepare extensions in bulk. Beyond that, there are other audit tools to consider: Audit Intelligence Analyze : Thomson Reuters is creating an Audit Intelligence Suite, and this is the first product delivered in conjunction with Synergy 2024.
If employee retention isn’t already a priority focus for your CPAfirm, you may want to make it one — and soon. Many employers are worried about staff retention going into 2024. The latest Salary Guide From Robert Half reports that the CPA is a credential in high demand. That may not sound like a significant percentage.
Here’s some news from the labor market that’s both good and bad for CPAfirm leaders and other employers of accounting and finance talent. The upside for CPAfirms is that retaining talent should be a little easier, at least for the near term. Does your firm offer jobs, or careers? What might they be looking for?
CPAfirm leaders outlining staffing plans for the coming year can’t help but worry if they will hit their hiring goals. This concern is not misplaced: Research for the 2024 Salary Guide From Robert Half found that organizations in both public and corporate accounting are grappling with an accountant shortage.
ACCOUNTING CANDIDATES FTE Accounting | Candidate ID # 22574493 Certifications: EA in process Education: BA Business Experience (years): 20+ years accounting experience Work experience (detail): Currently Accountant & Office Manager at a CPAfirm Full cycle accounting, reconciliations, financial reporting AP/AR, payroll processing and quarterly (..)
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Tennessee Society of CPAs (TSCPA) is pleased to award $280,000 in scholarships through the TSCPA Educational & Memorial Foundation to 128 Tennessee accounting students.
But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. The reason?
Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. I’ve known quite a few of them for a lot of years.
ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)
As reported via IR-2024-240 on 9/18/2024 The Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit (the tax credit related to the installation of EV chargers).
According to the Treasury, the US government has provided auto dealers with >$580 million in advance payments for consumer electric vehicle (EV) tax credits since 1/1/2024. The post Treasury Has Issued Auto Dealers >$580 Million in Advance EV Tax Rebates This Year appeared first on Roger Rossmeisl, CPA.
TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. The post Tax Tips When Buying the Assets of a Business appeared first on Roger Rossmeisl, CPA. If you’re buying a business, you want the best results possible after taxes.
As reported in IR-2024-46 Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced on 2/21/24 plans to begin dozens of audits on business aircraft involving personal use.
(As appearing in IR 2024-186) IRS reminds car dealers and sellers to be aware of phishing scams The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations of the business. The IRS urges car dealerships to be extra.
As posted to the Munro Live YouTube Channel on 4/24/2024 (Run Time 18 min, 42 sec) Sandy Munro and Armin von Czarnowski demonstrate how steer-by-wire works and examine the components that make it possible in the Cybertruck. The post How Tesla Cybertruck’s Steer-by-Wire System Works appeared first on Roger Rossmeisl, CPA.
Starting in 2024 newly formed, corporations, limited liability companies (LLCs), limited partnerships, and other entities that file formation papers with a state’s Secretary of State’s office (or similar government agency) must file a report with the U.S.
Meteorologists warn that the 2024 hurricane season could break records, possibly surpassing 2020, the worst hurricane season on record. The post A Business Valuator is a Must-Have When Filing a Business Interruption Claim appeared first on Roger Rossmeisl, CPA.
Brown Plus Welcomes New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the addition of four new team members to its office in Camp Hill, Pennsylvania: Devin Brown, CPA, MBA, rejoins Brown Plus as an Audit Senior Manager. We’re excited to welcome Devin back to Brown Plus!
The post Top Remote Accountants of the Week | December 5, 2024 appeared first on Going Concern. With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
Specifically, for 2024, once these assets are operating, you can deduct 60% of the cost in the first year they’re placed in service. The post Business Website Expenses: How They’re Handled for Tax Purposes appeared first on Roger Rossmeisl, CPA. The costs fall under the standard rules for depreciable equipment. This favorable.
To see 2024 survey results, check out this post. Dan Priest is the new Chief AI Officer at PwC, one of the worlds largest consulting firms, where he works with companies across industries as they adopt this burgeoning technology both into their day-to-day operations and future business models.
TAX CANDIDATES FTE Senior Tax Accountant | Candidate ID #23560436 Certifications: EA in process Education: BBA Accounting Experience (years): 7+ years in public accounting Work experience (detail): Tax manager with a CPAfirm Client account clean up Prepared 500+ returns in 2024 tax season Reviewed 200+ returns Client niches: Manufacturing, Hospitality, (..)
As appearing in IR-2024-198 Businesses urged to proactively resolve erroneous claims to avoid penalties, interest, audits As the Internal Revenue Service intensifies work on the Employee Retention Tax Credit (ERTC), the agency today shared five new warning signs being seen on incorrect claims by businesses.
The AICPA Code of Professional Conduct has had robust protections in place regarding outside investment in CPAfirms for more than 25 years. Only licensed CPAfirms can provide attest services, with clearly defined firewalls required for investors taking a piece or outright control of an entity that provides only non-attest services.
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.
The post Top Remote Accountants of the Week | November 7, 2024 appeared first on Going Concern. Sign up now to view the complete candidate list and connect with potential hires. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The post Top Remote Accountants of the Week | November 27, 2024 appeared first on Going Concern. With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
The program runs through March 22, 2024. The post IRS Launches New Webpage with FAQs on ERTC Voluntary Disclosure Program appeared first on Roger Rossmeisl, CPA. The program is part of the IRS’ continuing efforts to combat questionable ERTC claims.
This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPAFirm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common.
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. In March 2024, a federal court ruled that the BOI reporting requirements of the CTA was unconstitutional. Click this link to see the original post. A bipartisan bill (H.R.
The post Top Remote Accountants of the Week | September 5, 2024 appeared first on Going Concern. Sign up now to see the complete candidate list and connect with potential hires. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22) and the U.S. For 2024, a participant who earned $150,000 or more in 2023 is a highly compensated employee.
Houston-based accounting and advisory firm abip CPAs & Advisors and San Antonio-based accounting firm Brehm, Havel & Co. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. will merge effective Jan.
Estimating the value of these agreements has become more complicated in light of a controversial new final rule issued by the Federal Trade Commission (FTC) that will ban noncompetes for most employees and independent contractors, starting in September 2024. Some are required as a condition of employment or upon termination of employment.
TAX CANDIDATES FTE Tax Senior | Candidate ID #23636747 Certifications: EA Education: BS Experience (years): 5 years tax experience Work experience (detail): All in public accounting 5 tax seasons preparing returns for HNWIs and SMBs 300+ returns per season, 50-50 individuals, businesses Client-facing with S-Corps, partnerships, trusts Business development (..)
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