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Citing Rising Costs, Accounting Firms Plan to Increase Fees in 2025

Going Concern

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. We know Big 4 and mid-tiers have this pricing thing down. Or at least half-in.

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

Thinking that only dispensaries have to worry about taxes to their cannabusiness? Entrepreneurs, processors, and cultivators in the cannabis industry may be subject to taxation, and it’s important for them to understand the complexities around their tax implications. Do they have to pay tax on all gross revenue? Think again.

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The Difference between Bookkeeping and Accounting

SMBAccountant

- “What is my estimated tax payment? There are different types of accountants which specialize in different areas. Forensic accountants research financial transactions to uncover fraud. Managerial accountants work to collect and compile data used to make management decisions. to review performance and profitability.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

The Research and Development (R&D) Tax Credit is a federal incentive designed to promote innovation in the design, development and improvements of processes, products and services. It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S.

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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. increase from $167 two years ago. In Sanders v.

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PKF O’Connor Davies Welcomes Massachusetts-based Archambault & Associates

CPA Practice

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, has announced that Archambault & Associates has joined the organization, effective January 1, 2023. In addition, the firm has experience consulting with law firms, executors and trustees on estate, trust and gift tax matters impacting clients.

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CPA Exam Tip: Don’t Choose TCP Just Because It Has an Insanely High Pass Rate Right Now

Going Concern

TLDR: Don’t choose Tax Compliance and Planning (TCP) as your discipline just because of its high pass rate. If you have working eyes, you’ll see Tax Compliance and Planning (TCP) has an obscenely high pass rate; 82.36% for Q1 and 75.67% for Q2. And contains cost accounting which so many people struggle with.

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