CPA Practice

NOVEMBER 25, 2024

The New Jersey Society of Certified Public Accountants (NJCPA) has awarded 10 of its members $750 each towards their CPA Exam fee costs. Gonzalez, Rutgers University-New Brunswick Sahil Khosla Zoe Lopez Dov Vernik Chaya Yarmush “The lottery is a wonderful way to assist young professionals in route to becoming CPAs. 1, 2024, and Nov.

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Accounting Today

FEBRUARY 2, 2024

The Illinois CPA Society and its CPA Endowment Fund have begun accepting scholarship applications for the 2024-2025 academic year.

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Going Concern

JANUARY 1, 2025

The AICPA’s admonishment of honest CPAs to adhere to Circular 130 when it was being flouted for 2 years by fraudsters with no repercussions. AICPA creating more barriers to entry; not for the people, poor CPA exam procedures Pay gaps at intermediate experience levels. As well as hurting CPA culture in process.

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CPA Practice

NOVEMBER 18, 2024

A pilot program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure now allows accounting graduates unaffiliated with a participating accounting firm or employer to sign up, as long as they are employed full time. Registration for the Spring 2025 semester is currently open until Jan.

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CPA Practice

OCTOBER 10, 2024

CPA Practice Advisor wants to highlight those in the accounting and tax communities who have begun or are in the process of mobilizing efforts to help those impacted by Hurricane Helene. Florida Institute of CPAs FICPA hosted a webinar on Oct. [Updated on Oct. 10; originally posted on Oct. This column will be continually updated.

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Going Concern

AUGUST 23, 2023

It is of particular interest to professors, accounting department chairs, other assorted academics, and any accounting profession meteorologists who are tracking the perfect storm of pipeline problems and a completely revamped CPA exam debuting in just a few months. Now, we’re facing the CPA Evolution’s arrival in 2024. hours to 15.5

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Going Concern

FEBRUARY 1, 2024

Fresh press release for you straight from the source: Aiming to aid accounting students and increase the pipeline of future certified public accountants (CPAs), the Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, are now accepting scholarship applications. James A.

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CPA Practice

SEPTEMBER 10, 2024

Fort Smith, AR-based Landmark CPAs will be adding new offices in Jonesboro and Conway, AR, after it merges in Garland & Greenwood CPAs on Jan. Landmark CPAs said the merger will enhance its capabilities, expand its geographical reach, and provide new opportunities for staff and clients.

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CPA Practice

NOVEMBER 5, 2024

7, 2025, have a 3.2 Sophomore college applicants must have at least three accounting credits completed by the end of the fall 2024 semester and a total of six accounting credits by the end of the spring 2025 semester, while junior or senior college applicants must have at least 12 accounting credits by the end of the spring 2025 semester.

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Going Concern

JUNE 13, 2024

They did say the salary bump will put accounting “on par with other business majors” though: EY US will increase early career compensation as part of a total rewards package that recognizes the value of a certified public accountant (CPA) career path. ” The program is administered by Hult International Business School.

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Going Concern

SEPTEMBER 22, 2023

Up until now, most accountant shortage discussion has been focused on students choosing other fields, CPA exam numbers lower than they’ve been in almost two decades , and boomers retiring from accounting en masse. Perhaps there are earlier mentions of the boomer exodus, I don’t feel like digging them up.

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CPA Practice

DECEMBER 6, 2024

The AICPA has closely monitored recent developments in the courts regarding the Beneficial Ownership of Information (BOI) reporting requirements that are due on January 1, 2025. Following the recent Texas Top Cop Shot, Inc., The AICPA will continue an open dialogue with FinCEN in the hopes that our questions and concerns will be addressed.

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CPA Practice

FEBRUARY 16, 2023

T he American Institute of CPAs (AICPA) submitted a letter to the House Ways and Means Committee and Senate Finance Committee requesting immediate consideration of the treatment of section 174 research and experimental expenditures, as well as numerous expired tax provisions.

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CPA Practice

JULY 1, 2024

The American Institute of CPAs Foundation has awarded $691,000 in academic scholarships to 127 students for the 2024–2025 academic year through the AICPA Legacy Scholars Program. The 2024–2025 recipients for these programs will be announced later this year. The AICPA John L. This award is $5,000.

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CPA Practice

MAY 24, 2024

The American Institute of CPAs (AICPA) submitted comments to the Internal Revenue Service (IRS) containing 189 recommendations regarding the 2024-2025 Guidance Priority Plan.

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CPA Practice

DECEMBER 18, 2023

In a recent letter submitted to the Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) expressed concerns with the timing currently involved with the procedure for business entities organized in the U.S.

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CPA Practice

DECEMBER 2, 2024

As we move into 2025, accounting firms face a significant challenge: a growing talent gap caused by many experienced CPAs and professionals retiring. Here are a few practical tips for striking this balance and driving talent success into 2025 and beyond. By Amy Gallagher, Managing Director, UHY.

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CPA Practice

MAY 10, 2024

The Florida Institute of Public Accountants (FICPA), Nova Southeastern University (NSU) and three South Florida accounting firms – Berkowitz Pollack Brant, Kaufman Rossin and PAAST – have launched a new partnership that will assist future certified public accountants (CPAs) on their path to licensure.

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CPA Practice

SEPTEMBER 27, 2024

Top 200 accounting firm Barnes Dennig and Indianapolis-based Greenwalt CPAs are combining, effective Jan. 1, 2025, expanding services for clients of both organizations. The combined firm will have about 215 employees and five offices in three states: Ohio, Indiana, and Kentucky.

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CPA Practice

OCTOBER 21, 2024

Melancon Professional Accounting Research Fellowship will be awarded in 2025. The AICPA Foundation’s current scholarship program offers educational funding for accounting students at all stages, from high school seniors to graduate students to CPAs pursuing their doctorate in accounting. The inaugural Barry C.

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CPA Practice

NOVEMBER 14, 2024

The American Institute of CPAs and the Chartered Institute of Management Accountants are launching a new initiative, the AICPA & CIMA Global Women to Watch recognition, to honor women who have made significant contributions to the accounting profession and their peers.

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CPA Practice

JUNE 12, 2024

By increasing the starting salaries of CPA-track professionals to market-leading compensation levels, we are continuing to recognize the trust placed in the profession, reward the valuable skills accountants bring and ensure a strong pipeline of CPAs for generations. EY said last September that it had invested $1.4

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CPA Practice

FEBRUARY 1, 2023

You can either schedule it for December 31, 2024, or delay taking the distribution until no later than April 1, 2025. The Act reduces this three-year requirement to two years, effective for plan years beginning in 2025. Illinois CPA Society member Daniel F. Rahill, CPA/PFS, JD, LL.M.,

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Cherry Bekaert

APRIL 30, 2024

may be down around 340,000 CPAs going into 2025. A Flexible, Cost-Effective Solution To Combat Talent Shortage Fortunately, there is a solution available — one that can help organizations plug the qualified CPA labor gap, minimize risk, and restore confidence in the financial markets in the process.

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Going Concern

JANUARY 12, 2024

Partners at the accounting and consulting firm were told at the end of October that Ball would receive a one-year extension to lead EY until June 2025, according to people familiar with the matter. Also today, Victor Smith and William Tomasello, both Atlanta-area CPAs, pleaded guilty to conspiracy to defraud the United States.

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CPA Practice

JUNE 13, 2024

Rahill, CPA/PFS, JD, LL.M., Proactive Planning in Uncertainty Like the increased estate and gift tax exemption limits noted above, many other favorable tax changes are also set to expire under the TCJA at the end of 2025. Rahill, CPA/PFS, JD, LL.M., Rahill, CPA/PFS, JD, LL.M., By Daniel F. million for individuals and $27.22

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Going Concern

NOVEMBER 8, 2024

They don’t even have time to sit for their CPA exam because they’re working so many hours.” 29, alleged that former CFO Donna Dellomo and former controller Yoon Um, both CPAs, failed to properly record the cost of shipping finished products from Lovesac’s distribution center to its end customers.

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CPA Practice

JANUARY 16, 2023

There are several ways accounting professionals and organizations can benefit from upskilling and reskilling online — whether to prepare for the CPA exam, build cutting-edge analytic capabilities, or create a new talent strategy. In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025. She enrolled in a U.S.

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CPA Practice

DECEMBER 23, 2024

Some services are a natural fit for CPAs. And although they might not be a part of their expected line-up, they are so closely integrated in business operations that it would almost be a disservice not to offer them.

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CPA Practice

OCTOBER 5, 2023

It’s time to gather everything, fill out a painful spreadsheet and write a check to my CPA. Evaluate Medicare thresholds I work with several retired CPAs, and for some reason, the IRMAA letters they get drive them up a wall. So, as we evaluate our client planning for year-end, we are thinking about 2025 premiums. in February.

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CPA Practice

OCTOBER 9, 2024

The American Institute of CPAs has submitted comments to the Department of the Treasury and the Internal Revenue Service on the proposed rules regarding dual consolidated losses and the treatment of certain disregarded payments. Extension of transition relief to no earlier than the tax years beginning on or after January 1, 2025.

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cpas Tax 81

CPA Practice

MAY 2, 2023

Annual Replacement Employment for accountants and auditors in the US was 114,730 between 2020-2021, projected to rise to 129,627 by 2025-2026. The baby boomer generation retiring at a rapid pace is leaving a significant gap in the accounting industry, and firms are struggling to replace experienced professionals.

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CPA Practice

AUGUST 28, 2024

Beginning in 2025, individuals aged 60 to 63 will be able to contribute an additional catch-up contribution of $10,000 to 401(k)s and similar plans each year. Rahill, CPA/PFS, JD, LL.M., However, IRS Notice 2023-62 established a two-year extension, delaying implementation until January 1, 2026.

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CPA Practice

OCTOBER 7, 2024

CPA Practice Advisor wants to highlight those in the accounting and tax communities who have begun or are in the process of mobilizing efforts to help those impacted by Hurricane Helene. Florida Institute of CPAs FICPA hosted a webinar on Oct. This column will be continually updated. 18 and in Tallahassee, FL, on Oct.

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Going Concern

NOVEMBER 21, 2024

The ELE is described by the AICPA as “an integrated education and experience program for individuals to earn up to 30 of the 150 credit hours of required education for CPA licensure at a significantly reduced cost.” Figures from the 2023 AICPA Trends report showing the decline in CPA candidates by year. ” Uh-oh.

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CPA Practice

DECEMBER 2, 2024

Dixon Memorial Award and Jonathan Horn Distinguished Service Award The American Institute of CPAs (AICPA) recently recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. Sansone, CPA, was presented with the Arthur J. Dixon Memorial Award and Annette Nellen, CPA, CGMA, Esq.,

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CPA Practice

OCTOBER 24, 2024

according to the 2025 Internship Rankings from career resource website Vault.com. 11), and Lumsden McCormick CPA (No. PKF O’Connor Davies, Weaver, BMSS, Wipfli, Plante Moran, and Lumsden McCormick CPA are the top six firms in Vault’s 2025 Best Accounting Internships. Lumsden McCormick CPA 7. 5), BMSS (No.

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