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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Fortunately, several tools and strategies offered in the U.S. Contributions arent deductible.

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Investing in the Future with a 529 Education Plan

RogerRossmeisl

These plans, named for the Internal Revenue Code section that provides for them, allow prepayment of higher education costs on a tax-favored basis. You don’t get a federal income tax deduction for a contribution, but the earnings on the account aren’t taxed while the funds are in the.

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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Accounting roles must evolve to allow for this shift.

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Why the ProAdvisor Academy is the Educational Shift We’ve Needed

IgniteSpot

I’ve been working in accounting long enough to know that the way we learn and grow in this profession has needed an update for a while.

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

Owners of Public Accounting firms are always telling their clients to work on their business and not in their business, yet many times do not take their own advice. It is possible to run an Accounting Firm and never do tax returns or financial statements! Our CEUs count toward the Certified Public Accountant (CPA) program.

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Accounting Groups Call for More Competitive Pay for Government CPAs

CPA Practice

State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. But accountants who do government work face unique challenges that require more specialized solutions.

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Accounting Software Vulnerabilities: A Wake-up Call for Construction Companies

Withum

A recent alert from Maryland-based cybersecurity firm Huntress highlights a concerning vulnerability for construction companies using on-premise accounting and project management software with default login credentials.