Going Concern

NOVEMBER 8, 2024

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

Florida 98

Florida Mississippi audit auditor 98

Going Concern

JANUARY 9, 2025

The post Top Remote Accountants of the Week | January 9, 2025 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.

Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

JANUARY 23, 2025

The post Top Remote Accountants of the Week | January 23, 2025 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.

Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

FEBRUARY 13, 2025

The post Top Remote Accountants of the Week | February 13, 2025 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.

Account 52

Account accountant accounted Real Estate 52

Nancy McClelland, LLC

DECEMBER 18, 2024

It’s not just tax pros that struggle with “busy season”… it’s also bookkeepers and CAS practices that have to tie out the annual financial statements in QBO to effectively hand off the books to tax pros — which y’all know is my passion when teaching and in our ‘Ask a CPA’ subscription.

quickbooks 52

quickbooks Tax bookkeeping Non-Profits 52

Going Concern

MARCH 13, 2025

The post Top Remote Tax and Accounting Candidates of the Week | March 13, 2025 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.

Real Estate 52

Real Estate Tax Account accountant 52

SMBAccountant

MAY 17, 2024

Per the Small Entity Compliance Guide published by the Financial Crimes Enforcement Network, companies created or registered to do business before January 1, 2024, will have until January 1, 2025 to file their initial BOI reports. Audit preparation and compliance require organized documents.

accounting software 130

accounting software Legal tax return financial statements 130

Going Concern

JANUARY 6, 2025

Happy snowy Monday and welcome to the first Monday Morning News Brief of 2025! While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. It’s going well so far (not sarcasm): you love to see it Alright, some news.

Account 52

Account accountant accounted audit 52

Going Concern

MARCH 21, 2025

Top Remote Tax and Accounting Candidates of the Week | March 20, 2025 Firm Watch National accounting firm to exit uptown for new Ballantyne office, training center [ Charlotte Business Journal ] CliftonLarsonAllen, one of Charlotte’s largest accounting firms, is moving its office to Ballantyne Village.

Technology 52

Technology Non-Profits audit CPA 52

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

income tax 110

income tax Tax accounting standards financial statements 110

Withum

MARCH 4, 2025

It is the most significant update to the financial reporting model since GASB Statement No. 34: Basic Financial Statements and Managements Discussion and Analysis for State and Local Governments was issued approximately twenty-five years ago. The requirements of GASB Statement No. Earlier application is encouraged.

financial statements 52

financial statements Government accounting and finance accounting standards 52

Withum

MARCH 18, 2025

Doug Pallotta , CPA and Partner in Charge of the San Francisco office Annis significant contributions to the accounting industry include financial statement audits, revenue recognition, business combinations, complex financial instruments, and stock-based compensation.

CPA 59

CPA cpas public accounting Illinois 59

CPA Practice

SEPTEMBER 12, 2024

The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 1, 2025. The Internal Revenue Service has issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).

Tax 106

Tax income tax tax return financial statements 106

Going Concern

NOVEMBER 4, 2024

The Netherlands Authority for the Financial Markets (AFM) asked all large accountant firms to investigate the practice. EY expects the investigation to be complete in 2025 but admitted that it has taken longer than expected. His 1966 paper Financial Ratios as Predictors of Failure has been cited more than 10,000 times.

Account 105

Account accountant accounted auditor 105

CPA Practice

NOVEMBER 1, 2024

And earlier this week, one of the scaling new heights, people said, you know, Randy in 2025 we’d really like you to do a session on reporting tools, and it’s like, oh my, as my friend George Takei would say, oh my, there’s that’s a big request. And, you know, as it turns out, the financial statements are, you know, pretty straightforward.

Technology 111

Technology Account accountant accounted 111

Basis 365

DECEMBER 9, 2024

As 2025 approaches, preparing your business budget should be a top priority. A well-crafted budget is more than just a financial planits a roadmap for navigating the fiscal year. However, effective budgeting starts with a strong foundation of accurate financial data. Why Start Budgeting for 2025?

Account 52

Account accountant accounted bookkeeping 52

CPA Practice

NOVEMBER 25, 2024

His term begins July 1, 2025, and extends through June 30, 2030. With over 35 years of professional experience auditing, reviewing, and preparing local government financial statements, he brings both a technical and practical understanding of the role accounting plays in advancing transparency and accountability in government.”

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

CPA Practice

DECEMBER 6, 2024

So not only do they have leverage against copilot in their platforms, which they also said that by the end of 2025, that they would deliver a lot of the copilot integrations, which today, as of the day were recording this, they didnt have those, but also within their own systems, the private AI models. You can also do link deep editing.

Technology 98

Technology Account accountant accounted 98

Dent Moses

DECEMBER 8, 2022

If you have an applicable financial statement (AFS) which one qualifying option is audited financial statements, any item(s) below $5,000 per invoice or item may be expensed. It decreases to 80% in 2023 and drops to 20% after 2025. Without an AFS, say you have a tax return or compilation, the limit is $2,500.

Real Estate 98

Real Estate financial statements tax return audit 98

Withum

SEPTEMBER 16, 2024

Following are the common reporting oversights to be aware of: Cash Non-interest-bearing cash should NOT be treated and disclosed as an investment in the financial statements or on Form 5500 Schedule 4i, Schedule of Assets Held (at End of Year). Effective starting December 29, 2025. Other Notable SECURE 2.0 Some exceptions apply.

CPA 124

CPA audit Real Estate income tax 124

Going Concern

FEBRUARY 6, 2025

The post Top Remote Accountants of the Week | February 6, 2025 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.

Real Estate 52

Real Estate Account accountant accounted 52

CTP

MARCH 24, 2025

For example, if a customer purchases an item in December 2024, but your business is not able to actually deliver it to the customer until January 2025, you will receive the deduction for tax year 2025the later of the two dates. However, this changes when you opt for the NIMS method.

Tax 52

Tax financial statements Account accountant 52

Withum

MARCH 22, 2022

The SEC will require registrants to disclose certain climate-related information, including information about climate-related risks that are reasonably likely to have material impacts on the business or consolidated financial statements and Greenhouse Gas (GHG) emissions metrics, which could help investors assess those risks. .

financial statements 81

financial statements audit Government public accounting 81

Cherry Bekaert

SEPTEMBER 22, 2023

Fair value reporting provides investors with a better view of an organizations financial position and digital asset exposures, allowing them to make more informed decisions regarding investments.

Account 105

Account accountant accounted accounting standards 105

Cherry Bekaert

MAY 9, 2024

The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. Earlier application is encouraged.

financial statements 95

financial statements Government Manufacturing accounting and finance 95

Cherry Bekaert

OCTOBER 25, 2023

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. Effective Dates and Transition Method: Effective prospectively for all joint venture formations formed on or after January 1, 2025.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

CPA Practice

MAY 16, 2024

The changes are intended to align them with the AICPA standards pertaining to quality management, and related financial statement audit and non-audit standards. 23, along with the quality management standards, is effective for engagements performed in accordance with the SSAEs beginning on or after December 15, 2025.

audit 69

audit financial statements 69

CPA Practice

MARCH 8, 2023

The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI). AFSI is a company’s net income or loss reported on its applicable financial statements (AFS), such as a Form 10-K filed with the SEC, including tax and accounting adjustments.

income tax 111

income tax Tax financial statements corporation tax 111

CPA Practice

SEPTEMBER 7, 2023

I think we heard overwhelmingly from investors that allocate capital based on the use of financial statements that this will provide them better information to make their decisions.” This means 2025 adoption for calendar year-end companies. I think this [standard] moves the needle there.

accounting standards 98

accounting standards financial statements Account accountant 98

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

FEBRUARY 12, 2024

The effective date of this reporting standard varies, with public business entities needing compliance for annual periods commencing after December 15, 2024, while other entities have until annual periods starting after December 15, 2025. Early adoption is permissible for unaudited annual financial statements.

income tax 105

income tax Tax accounting standards financial statements 105

Withum

MAY 28, 2024

The new guidance is aimed at improving the consistency of financial reporting for business combinations and reducing complexity in accounting for contract assets and contract liabilities. It is expected to provide more useful information to investors and other financial statement users.

Account 69

Account accountant accounted accounting standards 69

Cherry Bekaert

JUNE 20, 2024

More than 20 years after issuing Statement No. 103, Financial Reporting Model Improvements (GASB 103). More than 20 years after issuing Statement No. 103, Financial Reporting Model Improvements (GASB 103). The requirements of GASB 103 are effective for fiscal years beginning after June 15, 2025.

financial statements 64

financial statements Government accounting and finance accounting standards 64

Menzies

JUNE 5, 2024

For example, Groups with a year end of 31 December 2024 will need to register with HMRC by 30 June 2025. Conclude on whether disclosure should be made in the Group financial statements documenting the approach to Pillar 2 Most importantly, consider whether your existing tax strategy is practical and effective. WHAT IS PILLAR 2?

Finance 59

Finance Tax chartered accountant accounting and finance 59

ThomsonReuters

AUGUST 2, 2023

’s DMT and IIR rules beginning January 1, 2024, and adding UTPR rules in 2025. Middle East : Instead of adopting Pillar 2.0, the United Arab Emirates (UAE) implemented a Federal Corporate Tax Law on June 1, 2023, which sets the corporate tax rate in the UAE at 9%. Australia: Australia will implement Pillar 2.0’s

corporation tax 98

corporation tax Tax financial statements Government 98

CPA Practice

MAY 28, 2024

The Governmental Accounting Standards Board (GASB) has issued guidance designed to improve key components of the financial reporting model—the blueprint for governmental financial reports. GASB Statement No. Statement 103 is available on the GASB website, www.gasb.org. Earlier application is encouraged.

Government 52

Government financial statements accounting standards Account 52

Going Concern

OCTOBER 14, 2024

Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” That financial year runs until the end of June 2025.

Account 59

Account accountant accounted audit 59