RogerRossmeisl

NOVEMBER 12, 2023

Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a traditional IRA or 401(k) account but if you’re under age 59½, such distributions are not only taxable but also are generally subject to a 10% penalty tax. There are exceptions to the 10% early withdrawal penalty, but they don’t cover many types of emergencies.

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Tax CPA accountant Account 130

Going Concern

NOVEMBER 12, 2023

Fresh off the rumor mill via the tip box: Forvis, in its laughable quest for global domination (WE DONT WANT TO BE THE BIG 4), is going to announce another merger/acquisition this week, presumably to leapfrog GT and BDO in the Americas or establish significant footing overseas. FORV/S (ugh why’d I type that) currently sits at #8 on the IPA Top 100 with $1.7 billion in revenue.

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Missouri auditor Gaming audit 130

RogerRossmeisl

NOVEMBER 12, 2023

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax. Basic details The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees and self-employed workers — one for Old Age, Survivors and Disability Insurance, which is commonly known as the Social Security tax,

Hospitality 130

Hospitality CPA Tax business tax 130

Insightful Accountant

NOVEMBER 12, 2023

When was the last time Intuit asked 'you' for your QBOA Company ID? Well that's too often!

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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RogerRossmeisl

NOVEMBER 12, 2023

The survival of many companies depends on relationships between key customers or vendors (or both). When one of these relationships is disrupted, for whatever the reason, one party may incur financial damage — perhaps even leading to its demise. And business valuation professionals often evaluate this lost value as a source of economic damages. Going, going, gone.

CPA 100

CPA 100

Insightful Accountant

NOVEMBER 12, 2023

Welcome to the first part of our three-part series, "Navigating the AI Wave in Accounting." If you're new to the world of artificial intelligence (AI), this is your go-to series for a practical understanding of the fundamentals.

accountant 52

accountant Account accounted 52

Insightful Accountant

NOVEMBER 12, 2023

Welcome to the first part of our three-part series, "Navigating the AI Wave in Accounting." If you're new to the world of artificial intelligence (AI), this is your go-to series for a practical understanding of the fundamentals.

accountant 52

accountant Account accounted 52

RogerRossmeisl

NOVEMBER 12, 2023

Although most tax preparers are ethical and help ensure their clients file timely and accurate tax returns, a small percentage abuse their position of trust. They may, for example, engage in fraudulent activities that harm taxpayers. The IRS has warned about tax “promoters,” which the agency defines as entities that “undermine voluntary compliance by marketing improper methods to reduce the amount of taxes legally owed.

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Tax tax preparation tax return Legal 130

RogerRossmeisl

NOVEMBER 12, 2023

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it out for part of the year. The tax implications of these transactions can be complicated. It depends on how many days the home is rented and your level of personal use. Personal use includes vacation use by you, your family members (even if you charge them market rent) and use by non-relatives if a market rent isn’t charged

Tax 100

Tax CPA 100

RogerRossmeisl

NOVEMBER 12, 2023

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle. Depreciation is built into the cents-per-mile rate First, be aware that separate depreciation calculations for a passenger auto only come into play if you cho

Tax 100

Tax CPA business tax 100

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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