Kenneth Zongor

Under ASC 842, companies are required to capitalize most leases on a balance sheet and report them as right of use assets and lease liabilities. Classifying leases does NOT have to be complicated. Download this handbook to see how easy it is with a lease classification tool → https://lnkd.in/e2r2VKkU #leaseaccounting #accounting #finance #asc842 #fasb

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#FEW24 Panel Preview: How Plant Finance Teams Can Best Prepare Themselves for Coming Tax Provisions and Reform. Featuring Pinion, Christianson CPAs & Consultants, and Foss & Company View full agenda at https://shorturl.at/bkwSX

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#FEW24 Panel Preview: How Plant Finance Teams Can Best Prepare Themselves for Coming Tax Provisions and Reform. Featuring Pinion, Christianson CPAs & Consultants, and Foss & Company View full agenda at https://shorturl.at/bkwSX

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If you have a financial audit or review coming up, we can help you get ready. Avoid extra time and cost from your CPA firm and make sure your books are ready. We can review trial balance and accounting records, adjust journal entries, prepare auditor schedules, and more. #audit #business #finance

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RSM's Q2 Middle Market survey shows that executives intend to boost productivity-enhancing capital expenditures over the next six months. However, 65% of executives indicated a concern about the cost of capital. Fact is, business owners and executives should know their financing options well ahead of seeking capital and funding sources. Learn more at www.cxmloans.com and (securely and privately) model different lending scenarios to meet your future needs. #businesscapital #businessgrowth #lending #capital #banklending #middlemarket

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📊 Get the inside scoop on Silicon Valley Bank's collapse with "Accounting ARC: SVB." Terry Sherrill, CPA, joins us in dissecting the factors that led to the downfall and what financial pros can do to prevent similar failures. Listen now! #FinanceInsights #AccountingARC https://lnkd.in/g5RXXSGg

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On November 20, 2023, the Treasury Department announced a significant update to the regulations governing the Coronavirus State and Local Fiscal Recovery Fund (SLFRF). The interim final rule amends the definition of 'obligation', offering enhanced flexibility and clarity for recipients in utilizing SLFRF funds. Notably, this update maintains the eligible use categories and existing deadlines, providing stability while empowering recipients to maximize the impact of their funds. Key highlights include: - Impacts on $350 billion in federal projects making investments in water, sewer, and broadband infrastructure - Provides clarification on the definition of “obligation” in the Treasury’s rules governing the use of Coronavirus State and Local Fiscal Recovery Funds The intricacies of compliance, reporting, and regulatory requirements demand not just attention to detail but also a deep understanding of the landscape. We specialize in demystifying federal financial assistance and management, ensuring you stay compliant and efficient. Let us help you navigate the complexities with confidence and precision. Permalink: https://hubs.li/Q02BqGS90 💡Visit Summit Consulting, LLC's website to learn more about how we can help. l www.summitllc.us #SLFRF #TreasuryUpdate #CommunityEmpowerment

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If you’re unfamiliar with FAS/ASC accounting rules—as many pension actuaries who deal with small plans are—have we got a webcast for you! We’ll discuss the basic components of ASC 715-20 and ASC 715-30 and how to address unusual issues that may come your way during this upcoming webcast. https://lnkd.in/dUPKJdhU

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Non-public businesses with fiscal year ends beginning after Dec. 15, 2022, (or interim periods during 2023) should begin preparing for the adoption of Financial Accounting Standards Board ASC Topic 326 by developing policies and procedures. Read more in this article by Brittany DiPaolo, CPA of Wiss

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The Apex team is gearing up for the 2024 Tax Reporting & Withholding Conference hosted by The Tax Reporting Group. Our very own Matthew Turtoro will be speaking on May 7 from 1:30 to 2:30 p.m. ET in a session on NRA basics along with Jake Braun and Christopher Liguori. Don’t miss this opportunity to level up your tax reporting knowledge. Register for the event here: https://lnkd.in/e33mWfF2 #TaxConference #TaxReporting #TaxCompliance

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Accountants recommend widening the tax base for state revenue boost. Read more on the link.

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CPA Trendlines: How Life Cycle Changes Your Marketing: Startups have different needs than mature businesses, so the messaging must be different. By August J. Aquila Price It Right: How to Value Accounting Services Go PRO for members-only access to more August J. Aquila. http://dlvr.it/T6kWtZ #CPA #tax #accounting

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CPA Trendlines: How Life Cycle Changes Your Marketing: Startups have different needs than mature businesses, so the messaging must be different. By August J. Aquila Price It Right: How to Value Accounting Services Go PRO for members-only access to more August J. Aquila. http://dlvr.it/T6kWt2 #CPA #tax #accounting

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Avoid this common mistake when addressing Technical Accounting matters: The tendency to oversimplify complex accounting matters. Rushing to provide quick answers or applying standard solutions without fully understanding the nuances and specific context can lead to significant errors. Misinterpreting accounting standards and their implications not only risks financial misstatements but also compliance issues that can impact the entire organization. Key Takeaway: Take the time to thoroughly analyze each situation. Delve into the details, consider all relevant guidance, and don’t hesitate to seek expert advice when needed. Accurate and compliant financial reporting is not just a regulatory requirement but a cornerstone of trust and transparency in business. #Accounting #Finance #TechnicalAccounting #FinancialReporting #Compliance #ExpertAdvice #ProfessionalGrowth

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Episode 3 - Is accounting like what they show in the movies? In this episode, we had the honor of interviewing Lisa Simpson, the Vice President of the AICPA. Lisa brings a wealth of knowledge and experience to the table, providing unique perspectives to accounting that you may have not thought of before. Throughout the interview, Lisa shared insights into the changes of accounting, discussing how the profession has adapted to embrace digital technologies and data analytics. We also explored practical tips for managing personal finance, including budgeting and saving for the future for Gen Z. Check out the episode here! (Available on most platforms) https://lnkd.in/gJVJ6CgN

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🏢 🥊 🎶 From riding elevators with some celebrities on the way to an audit - like Harry Helmsley, Smokin' Joe Frazier, and Billy Joel - to serving as a tax accountant - The Florida CFO Group partner Barry Katz, shares his experiences and strategic insights spanning public accounting to entrepreneurial ventures with partner, Phil Nahajewski. 🔑 KEY TAKEAWAY🔑 📈 Strategic plans and advice, driven by teamwork and focused efforts, are key to boosting profitability and increasing shareholder value. Missed the live session? ▶ Catch the replay here: https://lnkd.in/eCE4ENYK Here's what you will learn in this talk: 🔹 Strategic thinking and decision-making in small and midsize businesses is critical. From mission statements to competitive analysis, it's about thinking like an owner and aligning actions with goals. 🔹 Enhance your business strategically - from developing intelligent pricing strategies to effective compensation committees. Simplify where possible and focus on boosting profitability and shareholder value. 🔹 Be competitively strategic as well. Understanding your product lines, monitoring KPIs, and building credibility with stakeholders are crucial aspects of staying competitive in the market. 🔹 Use essential KPIs like cash cycles, inventory management, and turnover rates. Tracking these metrics helps in setting and achieving growth and cash goals. 🗓 Join us next week Wed. June 19 at 8:15 AM on LinkedIn Live (for 15 min) for another insightful Coffee Talk with the M&A CEO, Deane Baron - click ATTEND: ➡ https://lnkd.in/eV39uHyj #CFOInsights #StrategicThinking #BusinessGrowth

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The Avantax team loves spreading the news far and wide about the value of CPAs and wealth managers working together - and what better place to share that message than AICPA Engage?! Thanks to all who stopped by our booth to learn more about tax-intelligent financial planning. #AvantaxCommunity #ENGAGE24 #WealthManagement

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In this episode of The Financial Executive Podcast, Julie Bell Lindsay, CEO at the Center for Audit Quality, talks about embracing your mistakes instead of hiding them, adapting to change both personally and professionally, and being honest about what we know and don’t know. Listen here: https://bit.ly/45kIpt7 #financialexecutivesinternational #cfochicago #feichicago

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