CPA Practice

JULY 30, 2024

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?

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RogerRossmeisl

JANUARY 14, 2024

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.

CPA 252

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RogerRossmeisl

SEPTEMBER 29, 2024

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).

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RogerRossmeisl

JANUARY 21, 2024

The post Treasury and IRS Issue Guidance on the Qualified Alternative Fuel Vehicle Refueling Property Credit appeared first on Roger Rossmeisl, CPA.

CPA 240

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RogerRossmeisl

APRIL 24, 2024

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.

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RogerRossmeisl

JULY 22, 2024

(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.

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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. 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.

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RogerRossmeisl

APRIL 30, 2024

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.

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RogerRossmeisl

APRIL 30, 2024

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 237

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RogerRossmeisl

JANUARY 1, 2024

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.

CPA 248

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RogerRossmeisl

AUGUST 11, 2024

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.

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Accounting Today

APRIL 23, 2024

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

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RogerRossmeisl

AUGUST 11, 2024

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.

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CPA Practice

JUNE 6, 2024

This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPA Firm 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.

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RogerRossmeisl

FEBRUARY 18, 2024

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.

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RogerRossmeisl

AUGUST 11, 2024

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.

CPA 219

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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. 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.

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CPA Practice

JANUARY 16, 2024

[ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] The Alabama Society of CPAs was formed in 1919 and adopted its recent bylaws on June 25, 1975, with the last revision completed on March 1, 2018.

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CPA Practice

JANUARY 9, 2024

If employee retention isn’t already a priority focus for your CPA firm, 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.

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Going Concern

SEPTEMBER 5, 2024

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.

Real Estate 105

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CPA Practice

NOVEMBER 28, 2023

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.

Texas 97

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RogerRossmeisl

OCTOBER 13, 2024

The post IRS Accelerates Work on Employee Retention Tax Credit Claims appeared first on Roger Rossmeisl, CPA. The IRS understands the vital importance of Employee Retention Tax Credits payments for struggling small businesses, and we are continuing to make important progress on one of the most complex tax.

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Going Concern

AUGUST 29, 2024

With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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Going Concern

OCTOBER 3, 2024

Sign up now to view the complete candidate list and connect with potential hires.

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Going Concern

SEPTEMBER 19, 2024

The post Top Remote Accountants of the Week | September 19, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

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CPA Practice

JANUARY 2, 2024

MaloneBailey, LLP Welcomes Howie Tang, New Audit Partner MaloneBailey, LLP, a global, mid-market, public accounting firm based in Houston, Texas, recently announced that Howie Tang, CPA has joined the firm as an Audit Partner. Tang brings more than 13 years of public accounting and audit experience with large regional CPA firms.

Illinois 114

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CPA Practice

JUNE 24, 2024

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?

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CPA Practice

MAY 18, 2023

But modest starting salaries , horrible work/life balance (especially in public accounting), and time-consuming and strict requirements to obtain CPA licensure have resulted in declining student interest in accounting careers—thus creating a talent shortage in the profession.

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CPA Practice

AUGUST 19, 2024

With over 30 years of experience in all facets of the IT industry and holding some of the industry’s most prestigious technical certifications, Chris has a proven record of success cultivating and improving the technology experience for CPA Firms. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor.

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RogerRossmeisl

JANUARY 1, 2024

cents per mile in 2024. These include gas, tires, The post The Standard Business Mileage Rate Goes Up Slightly in 2024 appeared first on Roger Rossmeisl, CPA. The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents for 2023).

CPA 100

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CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Where, at first, these effects were mostly felt in communication and research, the turn of the century and the first decade of the 2000s saw firms more rapidly embrace suites of integrated tax, accounting and firm management systems.

Technology 124

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RogerRossmeisl

JUNE 26, 2024

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.

CPA 166

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Withum

MARCH 30, 2024

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum. The post BBD Joins Its Practice With Withum appeared first on Withum.

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CPA Practice

DECEMBER 12, 2023

San Diego-based full-service CPA firm RBTK has joined top 20 accounting firm Eide Bailly, according to a Dec. The merger will expand Fargo, ND-based Eide Bailly’s footprint in California and enhance the firm’s service offerings in the construction industry. 8, 2024. 5 news release.

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Cherry Bekaert

APRIL 8, 2024

Advancements to Tableau will be on full display at the Tableau Conference 2024, and Cherry Bekaert is thrilled to announce its sponsorship of this highly anticipated event on April 29 – May 1 at the San Diego Convention Center. Tableau also works with independent CPA firms to perform platform audits. Why Cherry Bekaert?

Technology 109

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Accounting Today

FEBRUARY 21, 2024

Acquirers are very selective because so many firms are looking for a deal.

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Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users.

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