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By Monte Swain, PhD, CMA, CPA, CGMA. Invest your time and effort into stacking the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) letters behind your name. When I learn that someone has “CPA” or “CMA” behind their name, I immediately know a lot about that individual.
Fodera, CPA , retired partner from Baker Tilly US LP, received the Lifetime Leader Award, which recognizes an outstanding NJCPA member who is credited with extraordinary contributions to the accounting profession over the course of their career. Vaccaro, CPA — Manager, Forvis Mazars US, Iselin Emerging Leaders Michael Caro, Jr.,
Following the November presidential election, CPA business leaders have a much more positive outlook about the U.S. The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies. projection last quarter.
However, in 2025, many CPA firms will be dealing with a challenge that is far from new: attracting skilled talent. Meanwhile, the talent shortage in public accounting is worsening as more baby boomers retire, and fewer young professionals enter the field and pursue the CPA designation.
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth.
Greensburg, IN-based accounting firm RBSK Partners has acquired fellow Indiana firm Hash CPA Group, based in Franklin. John Seale “We are excited to bring the talented team at Hash CPA Group into the RBSK Partners family,” John Seale, managing partner at RBSK Partners, said in a statement. Financial terms of the deal weren’t disclosed.
Succession planning is a crucial element in the strategic management of any organization, and CPA firms are no exception. Prioritizing succession planning can help you improve your talent management while building a sustainable future for your CPA firm. By Steve Saah.
The CPA Exam remains broken. Off the top of my head, I definitely don’t remember FAR pass rates this low in the 18 years (yikes) I’ve been paying attention to the CPA exam. Ninja CPA’s list of pass rates going back to 2006 confirms that my memory is accurate for once. Um, what is this?
Succession planning is a crucial element in the strategic management of any organization, and CPA firms are no exception. Prioritizing succession planning can help you improve your talent management while building a sustainable future for your CPA firm. By Steve Saah.
Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown
Protecting data does not and should not result in a massive disruption to our business model, but instead, should be viewed as an opportunity to get to better know our clients and help them by delivering new services that in the past were never associated with a CPA firm.
The post From Flights to Meals: A Guide to Business Travel Tax Deductions appeared first on Roger Rossmeisl, CPA. But youll need to show that expenses were reasonable. Your tax home isnt necessarily where you maintain your family.
The post Beware of Overly Optimistic Projections Used to Value a Business appeared first on Roger Rossmeisl, CPA. Although both experts applied the income and market approaches, their value conclusions were widely disparate. The shareholders expert.
The post Saving for College: Tax Breaks and Strategies Your Family Should Know appeared first on Roger Rossmeisl, CPA. Theyre treated as taxable gifts to the child, but theyre eligible for the annual gift tax exclusion ($19,000 in 2025). If you contribute more than the.
Withum is excited to announce that Jonathan Schnatz , CPA, CFF, most recently a Senior Special Agent of the Internal Revenue Service (IRS) Criminal Investigation (CI) Division, has joined the firm as a Principal of Withums Forensics, Investigations, and White-Collar Criminal Defense Team.
Speaker: Amy Vetter, CEO of The B3 Method Institute
As a CPA, consultant and entrepreneur, Amy will share insights and best practices from her own experience starting and growing an advisory services practice on her own and as a Partner in accounting, and from her 10+ years of advising thousands of firm leaders on how to grow and scale their businesses.
A Look at Resum Fraud appeared first on Roger Rossmeisl, CPA. You can help protect against such losses by spotting dishonest resums early in. The post Are Your Job Candidates Honest?
The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. Let us know if you like this new feature using the. Read more »
Hot off Ohio’s governor signing into law a bill that introduces a bachelor’s only pathway to CPA licensure in that state , a pair of Illinois representatives have introduced a bill that would do the same for aspiring CPAs in their state. And the Illinois CPA Society is cheering it on.
In other words, The post Drive Down Your Business Taxes with Local Transportation Cost Deductions appeared first on Roger Rossmeisl, CPA. Your work location The most important feature of the local transportation rules is that your commuting costs arent deductible.
As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities.
appeared first on Roger Rossmeisl, CPA. Allowable food and beverage costs IRS regulations clarify that food and beverages are all related items whether theyre characterized as meals, snacks, etc. Food and beverage costs. The post When Can You Deduct Business Meals and Entertainment?
The post How Inflation Will Affect Your 2024 and 2025 Tax Bills appeared first on Roger Rossmeisl, CPA. This is up from the 2024 amounts of $14,600 for single taxpayers, $29,200 for married couples filing jointly and $21,900 for heads of household. The highest tax rate. For 2025, the highest.
The post Treasury Announces Suspension of BOI Reporting appeared first on Roger Rossmeisl, CPA. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the.
The post Maximize Your Year-End Giving with Gifts that Offer Tax Benefits appeared first on Roger Rossmeisl, CPA. The exclusion amount is adjusted for inflation annually, and in 2024 is $18,000. It covers gifts that an individual.
Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. "Offer payroll and do it yourself,” they said. It’ll be fun!” Spoiler alert: It was not fun. However, many don’t really want to.
The post Your Guide to Medicare Premiums and Taxes appeared first on Roger Rossmeisl, CPA. The monthly premium for the current year depends on your modified adjusted gross income (MAGI), as reported on your Form 1040 for two years earlier. MAGI is the adjusted gross income (AGI) number on your.
The post Why Your Business Needs to Protect Against Executive Fraud appeared first on Roger Rossmeisl, CPA. So the more proactive you are about preventing and detecting occupational fraud at the highest levels, the better. 3 factors You might start by.
The post Understanding the Work Opportunity Tax Credit appeared first on Roger Rossmeisl, CPA. To satisfy a requirement of the WOTC, a pre-screening notice must be completed by the job applicant and the employer on or before the day a job.
The post Help Protect Your Employees’ 401(k) Plan Savings from Fraud appeared first on Roger Rossmeisl, CPA. But there may be limits to this protection if, for example, the provider determines that you (the sponsor) or employees (participants) opened the door to a security breach. Your plans documents.
Speaker: Rita Keller - President of Keller Advisors, LLC
For some, the transition will be easy. For others, it will be a significant challenge. No matter where you are in the process, you need to be aware of the challenges and opportunities.
The post How Your Business Can Prepare For and Respond to an IRS Audit appeared first on Roger Rossmeisl, CPA. Small businesses are also unlikely to see a rise in audit rates in the near future, as the IRS is prioritizing more complex returns for higher-wealth entities. For example, the tax agency has announced that one focus area.
The post Don’t Overlook the Cost Approach When Valuing a Private Business appeared first on Roger Rossmeisl, CPA. However, its important to recognize that the amounts reported.
The post The Amount You and Your Employees Can Save for Retirement is Going Up Slightly in 2025 appeared first on Roger Rossmeisl, CPA. The catch-up contribution limit for employees age 50 or over who participate in 401(k) plans and the other plans mentioned above will remain $7,500 (the same as in 2024).
The post How Your Business Can Fight ATM Skimming appeared first on Roger Rossmeisl, CPA. Alternatively, they might use hidden cameras focused on the keypad or even a “dummy” keypad.
Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner. Our CEUs count toward the Certified Public Accountant (CPA) program. Attendance of this webinar will earn (1) CLE toward your CPA license.
The post You Don’t Have to Be in Business to Deduct Certain Vehicle Expenses appeared first on Roger Rossmeisl, CPA. The changes resulted from the Tax Cuts and Jobs Act (TCJA), which could also affect your tax benefit from medical and charitable miles. Before 2018, if you were an employee, you.
The post Operating as a C Corporation: Weigh the Benefits and Drawbacks appeared first on Roger Rossmeisl, CPA. The corporations profits are taxed at the corporate level and then any dividends distributed to shareholders are taxed again at the individual level. This can result in a.
appeared first on Roger Rossmeisl, CPA. To the extent that public stock data is used to value private businesses, a discount may be warranted to reflect the lack of marketability. Marketability discounts are well established. The post Can Marketability Discounts Apply When Valuing Controlling Business Interests?
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.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. Are you ready to elevate your accounting processes for 2025?
appeared first on Roger Rossmeisl, CPA. TCJA made tax rules worse Old rules: Before the TCJA rules kicked in in 2018, if an activity. The post Is Your Money-Losing Activity a Hobby or a Business?
The post In 2025, the Social Security Wage Base is Going Up appeared first on Roger Rossmeisl, CPA. One is for Old Age, Survivors and Disability Insurance, which is commonly known as the Social Security tax, and the other is for Hospital Insurance, which is commonly known as the Medicare tax.
CPA Practice Advisor has opened the nomination period for one of its most prestigious awards. The Most Powerful Women in Accounting Awards , now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession.
The post Know the Risks Before Outsourcing Business to Contractors appeared first on Roger Rossmeisl, CPA. This action subjects the company that hired the contractor to bribery and.
Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker
Your CFO vs. your CPA Statement of Cash Flows vs. Cash Flow Statements, and which one is more important to your business April 6th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT Join Wayne Spivak, experienced CFO and corporate finance expert, for an insightful discussion on managing cash flow and company profitability.
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