CPA Practice

AUGUST 16, 2024

The IRS on Thursday announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program on Sept. 31, and the IRS will inform applicants if they’re accepted into the program in February 2025. General program information and the 2025 application details are available on the CAP webpage.

Tax 105

Tax accounting principles tax return financial statements 105

SMBAccountant

MAY 17, 2024

Are you a small business owner seeking expert guidance on accounting practices? Navigating the complexities of financial management is crucial to the success of any business. Financial Statements Once accounting software has been implemented, it is important to understand the different financial reports.

accounting software 130

accounting software Legal tax return financial statements 130

CPA Practice

OCTOBER 18, 2024

The Greater Washington Society of CPAs (GWSCPA) recently announced its list of board members and nominations for the 2024/2025 year. She manages the accounting department and ensures the timely and accurate preparation of monthly financial statements for the Association.

CPA 110

CPA Non-Profits cpas Washington 110

Cherry Bekaert

OCTOBER 25, 2023

The SEC staff’s view is that equity-classified share-based awards with employees are not subject to Accounting Series Release (ASR) No. 268, Presentation in Financial Statements of “Redeemable Preferred Stocks” solely due to a provision in the instrument designed to satisfy the employer’s statutory withholding requirements.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

CPA Practice

DECEMBER 11, 2023

Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes. AI-powered algorithms will analyze large datasets and identify anomalies and potential risks more precisely, leading to more accurate and reliable financial statements. Predictions 3-10 are “By 2024.”

Technology 124

Technology E-commerce audit accounting principles 124

CPA Practice

AUGUST 23, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on Wednesday that addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. 1, 2025, and early adoption is permitted.

Account 52

Account accountant accounted accounting standards 52

Withum

FEBRUARY 1, 2023

Pass-Through Entity Level Tax The TCJA limited the deduction of state and local taxes for individual taxpayers to a flat $10,000 for tax years 2018 through 2025. NADA is optimistic that the bill will Pass. Dealerships who lease property are required to recognize the assets and liabilities that arise from such leases on the balance sheet.

accounting and finance 52

accounting and finance income tax Tax CPA 52