CPA Practice

NOVEMBER 6, 2024

Recorded conversations quoted in court documents illustrate his sales pitch. “I Prosecutors said Lewis wasn’t involved in obtaining the fake appraisals or overinflated deductions, but as a CPA he knew the promised savings were too good to be true. Lewis’s corruption was blatant,” prosecutors said in a sentencing memorandum.

CPA 52

CPA Tax income tax tax return 52

Going Concern

NOVEMBER 8, 2024

In “Offshoring for CPA firms: The hows and whys,” JofA throws out some figures on outsourcing — both foreign and domestic — based on responses from its MAP survey and sticks to the official line about how the CPA talent shortage is forcing these poor firms to look elsewhere for talent.

tax return 110

tax return CPA cpa firm Tax 110

CPA Practice

NOVEMBER 8, 2024

Brian Tankersley, CPA, and Randy Johnston review TaxGPT , an AI-powered tax assistant for accountants & tax professionals. And again, it’s a generative AI tool, so you can feed documents in a situation into it, and then it will reply to things. We’d like to talk about another AI based tax research tool called Tax GPT.

Technology 115

Technology Account accounted accountant 115

CPA Practice

NOVEMBER 24, 2024

Facebook – [link] Twitter – [link] LinkedIn – [link] Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. She returned to school to study accounting at Illinois State University, earned her CPA, and worked for Deloitte in Chicago for several years as a state and local tax accountant. Learn more at [link].

Indiana 98

Indiana CPA Education Illinois 98

RogerRossmeisl

AUGUST 6, 2023

For example, a spouse who owns a business might intentionally limit the opposing expert’s access to documents, facilities or management personnel. A valuation expert who’s involved in the discovery phase can compile a list of key documents and procedures to request from the judge.

CPA 240

CPA accounted Account accountant 240

CPA Practice

NOVEMBER 11, 2024

Batch Extensions from HubSync : Helps CPA firms prepare extensions in bulk. Audit Intelligence Analyze is an AI for risk analysis that automates transaction analysis and enhances audit quality by focusing on high-risk areas while saving 30-120 minutes documenting sample selections. Mangodoc.ai

accounting firms 111

accounting firms Technology Account accounted 111

RogerRossmeisl

MARCH 14, 2021

Plan early to engage a fraud expert to review financial statements and other documents for signs that you could be dealing with a dishonest seller. These include excess inventory, a large number of write-offs, an unusually high number of voided discounts for returns, insufficient documentation of sales.

financial statements 246

financial statements CPA Sales 246

RogerRossmeisl

JANUARY 19, 2022

Paper evidence is generally easy Handling paper documents is relatively easy as long as you approach the task with care. Place any hard documents related to the possible fraud in a secure location. The post To Prove Fraud, You Need to Preserve Evidence appeared first on Roger Rossmeisl, CPA. Don’t make notes.

forensic accounting 246

forensic accounting CPA accounted Account 246

Withum

JANUARY 30, 2025

Understanding your audits scope ensures you prepare the necessary documentation and meet compliance standards. Engage a qualified CPA firm and align on prioritization of financial statement areas for GAAP compliance. Preparing for an audit requires time to review records, resolve discrepancies and gather documentation.

audit 100

audit financial statements auditor accounting principles 100

RogerRossmeisl

JULY 27, 2021

In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. Tax law “establishes higher substantiation requirements” for these and certain other expenses, The post Business Meal and Vehicle Expense Recordkeeping DOs and DON’Ts appeared first on Roger Rossmeisl, CPA.

auditor 246

auditor CPA Tax cpa firm 246

RogerRossmeisl

SEPTEMBER 26, 2022

The list is not a legal document or a literal listing of agency enforcement priorities. The post IRS Announces the “Dirty Dozen” Tax Scams for 2022 appeared first on Roger Rossmeisl, CPA. “Taxpayers.

Tax 243

Tax CPA Legal Sales 243

CPA Practice

NOVEMBER 11, 2024

Over a period of several years, JTC Fair Song CPA Firm, a public accounting firm located in Shenzhen, the People’s Republic of China, repeatedly failed to make required filings in accordance with PCAOB rules, the audit regulator said. 8 for repeated violations of U.S.

audit 111

audit auditor cpa firm public accounting 111

RogerRossmeisl

JANUARY 31, 2021

Preparing a document that defines acronyms and common. The post 4 Tips for Preparing a Fraud Case for Law Enforcement appeared first on Roger Rossmeisl, CPA. Make it easier for everyone to understand what the perpetrator might have done and why it deserves their attention.

CPA 246

CPA accounted Account accountant 246

RogerRossmeisl

MAY 31, 2022

A qualified appraisal is a complex and detailed document. The post Valuable Gifts to Charity May Require an Appraisal appeared first on Roger Rossmeisl, CPA. Keep these definitions in mind. It must be prepared and signed by a qualified appraiser. An appraisal summary is a summary of.

tax return 246

tax return CPA Tax 246

CPA Practice

NOVEMBER 19, 2024

Cohan claimed deductions for various travel and entertainment expenses, but said he was too busy with his hectic career to take the time to document all the expenses. Subsequently, he hired a CPA to try to clean up the mess. Cohan, the “Yankee Doodle Dandy” born on the Fourth of July. The returns were prepared by a professional.

Tax 105

Tax Alabama tax return Construction 105

RogerRossmeisl

JULY 16, 2023

These include excess inventory, a large number of write-offs, an unusually high number of voided discounts for returns, insufficient documentation of sales and increased purchases from new vendors. Not if your Seller’s Hiding Something appeared first on Roger Rossmeisl, CPA. The post Good Acquisition?

forensic accounting 238

forensic accounting financial statements Legal CPA 238

RogerRossmeisl

JANUARY 26, 2022

Tip 2 Gather all documents needed to prepare an accurate return. The post Tips to Speed Tax Return Processing appeared first on Roger Rossmeisl, CPA. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles. Tip 1 Contact us soon for an appointment to prepare your tax return.

tax return 234

tax return Tax CPA income tax 234

Going Concern

JANUARY 22, 2025

According to a license lookup, Jerkins (we can’t stop laughing at that name given the context) received his Tennessee CPA license in 2015. Eventually clients caught on: When clients confronted him about fraudulent withdrawals, Jerkins provided those clients with fraudulent documentation that made the withdrawals appear to be legitimate.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

CPA Practice

NOVEMBER 26, 2024

Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. They do some conditional formatting and then some document routing in there.

Technology 111

Technology Account accounted accountant 111

CTP

OCTOBER 28, 2024

Many large CPA firms offer financial advisory services including family office services for high-net-worth families. Your tax filings and related documentation might be relevant, so you would need to ensure that household payroll tax returns are filed, for example. A detailed trust document will be needed to establish this.

Tax 105

Tax Government Real Estate payroll tax 105

RogerRossmeisl

MARCH 24, 2023

These notices should include contact details, any relevant forms or documentation required and steps in. The post Turn That Fraud Dispute into a Loyalty-Building Opportunity appeared first on Roger Rossmeisl, CPA.

CPA 230

CPA Account accounted accountant 230

CPA Practice

DECEMBER 6, 2024

Brian Tankersley, CPA, and Randy Johnston provide a recap of the 2024 CCH Connections user conference. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Or most non technical documentation, okay? Ai, productivity.

Technology 98

Technology Account accounted accountant 98

RogerRossmeisl

AUGUST 18, 2021

Certified fraud examiners (CFEs) are specially trained in fraud discovery, recognition, documentation and prevention. The post How to Work with a Forensic Accountant appeared first on Roger Rossmeisl, CPA. Forensic accountants are also generally knowledgeable about human behavioral factors and motivations that contribute to the.

forensic accounting 225

forensic accounting Account accounted accountant 225

RogerRossmeisl

JUNE 19, 2023

In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. The post Keep These DOs and DON’Ts in Mind When Deducting Business Meal and Vehicle Expenses appeared first on Roger Rossmeisl, CPA.

auditor 221

auditor CPA Tax business tax 221

CPA Practice

OCTOBER 18, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston review TimeCredit AI, an AI assistant for technical accountants. Tankersley, CPA.CITP, CGMA 00:00 Randy, welcome to the accounting Technology Lab sponsored by CPA practice advisor. But basically what happens then is you can upload documents for processing, I believe, Brian F.

Technology 111

Technology Account accounted accountant 111

CPA Practice

SEPTEMBER 30, 2024

The panelists were challenged with digging into the various definitions of culture – what it is and isn’t – as well as the distinct attributes of culture within the profession, and identifying and documenting how culture reverberates through a firm. That’s just a paper document on a sign on a wall.

CPA 119

CPA North Carolina accountant Account 119

CPA Practice

OCTOBER 30, 2024

The Bonadio Group , a nationally ranked IPA Top 50 CPA firm and the largest independent provider of professional services in Upstate New York, will expand into the Mid-Atlantic region with today’s announcement that it will join with award-winning CPA advisory firm Cover & Rossiter (C&R).

CPA 52

CPA Delaware cpa firm New York 52

CPA Practice

APRIL 9, 2024

The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically. The client then reviews information and electronically signs the consent form which is filed automatically in the firm’s document repository.

cpa firm 122

cpa firm CPA Technology Legal 122

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida 98

Florida Mississippi audit auditor 98

CPA Practice

OCTOBER 24, 2024

The three new resources include: Practice aid : This practice aid provides a high-level overview of certain features unique to QC 1000, including highlighting incremental requirements that QC 1000 imposes on firms that issued audit reports for more than 100 issuers in the prior calendar year.

auditor 126

auditor audit financial statements accounting firms 126

TaxConnex

FEBRUARY 29, 2024

A : Accept You May Not Be Able to do it Alone Many businesses, especially those new to sales and use tax, don’t want to spend a lot of time or money to maintain compliance, but if the internal resources and sales tax knowledge are not there, then relying on a software, CPA, or outsourced sales tax solution may be needed.

Sales 264

Sales Tax audit CPA 264

TaxConnex

NOVEMBER 29, 2022

Consider using a specialist such as a CPA or sales-tax expert. Knowing which documentation to provide and when to provide it is important.?. This initial interview can afford you the chance to influence the scope of the audit and required documentation.?Take It happened. You received a sales tax audit notice from a jurisdiction.

audit 262

audit auditor general ledger Non-Profits 262

RogerRossmeisl

MARCH 5, 2024

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. For 2023, The post If You Didn’t Contribute to an IRA Last Year, There’s Still Time appeared first on Roger Rossmeisl, CPA.

tax return 165

tax return CPA Tax 165

MyIRSRelief

MAY 30, 2024

In this comprehensive guide, we will walk you through the essential steps to prepare your taxes -accurately and efficiently. For professional tax preparation service call 1-877-788-2937.

tax preparation 130

tax preparation Tax CPA income tax 130

MyIRSRelief

JANUARY 2, 2023

You may be able to negotiate a payment plan or offer in compromise settlement with the IRS, or you may need to seek the assistance of a tax representation professional such as an Enrolled Agent, CPA, or Attorney. Gather copies of documents such as receipts, bank statements, and other records that support the information on your return.

Tax 147

Tax tax return payroll tax audit 147

CPA Practice

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm Account accounted 124

Going Concern

JULY 29, 2024

Here they talk about the changing face of accounting firms : While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to pivot due to the small pool of potential hires in the meantime. The percentage of non-CPA professionals was 50.3%

CPA 116

CPA Account accounted accountant 116