Preston Knight, CPA

Discover why accounting is a hot career path: strong demand, great pay, and opportunities for growth. Dive into insights from Master in Accounting grads on navigating audits to fintech leaps. #accounting #news #finance https://lnkd.in/e_tMPkER

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The first 2023 tax year deadline is almost down and the end is in sight! While many 🇨🇦 accounting pros are wrapping up personal income tax preparation work today, we know lots of you still have a few more deadlines to make 💼 We've got you - we're here to cheer you on every step of the way! 🎉 🙌 #KeepCalmAndTaxOn

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

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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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Are you looking for ways to grow your firm by hiring new talent? If so, you may have experienced difficulty finding candidates who are recent CPA graduates or new CPAs. Learn what’s working for others in this recent article from CPA Business Advisors, Inc.: CPAs Provide Six Ways to Replenish the Talent Pipeline. https://lnkd.in/enE2AZF4

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Below is a link to an article that discusses how a pilot program that was developed to offer a flexible and affordable way for CPA candidates to complete additional credits required for the CPA license has received early positive reviews. The program addresses issues with the cost of the fifth year of college being a barrier for potential CPA candidates, and ability for CPA firms to attract and retain new CPA professionals. https://lnkd.in/gkxXYkNe

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Questions about implementing #taxtechnology? Jody Padar , The Radical CPA has answers. Check out this Step-by-Step Tax Tech Implementation Guide (no forms to fill out. Just click to open): Learn how to start with the most critical features, integrate seamlessly with existing tax software, and ensure a smooth transition with comprehensive training and support. https://okt.to/EDkHuJ

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Weinstein Spira, like many accounting firms, experiences high workloads near tax filing deadlines. As a solution, we've introduced the Tax Preparation Coordinator (TPC) role. In this blog, Hailey Dexter, a current TPC, explains how this role improves our tax team's efficiency. 📖 Read more here: https://bit.ly/3y5raiC #accountingfirm #houstoncpa #tpcrole #tax

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You’re not alone in the struggle to retain top talent; many accounting firms are struggling, too. While you can’t control whether someone decides to stay or leave, you can control your firm’s environment. Learn more, on the blog: https://bit.ly/3vCcAhX #accountingandaccountants #staffingshortage #accountingfirms

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LBMC Shareholder and State and Local Tax Leader Jay Hancock and Senior Manager Leigh Ann Vernich, CPA opine as the Franchise Tax Bill moves forward and share what that would mean for your business. As of April 25, 2024, the Tennessee General Assembly has enacted pivotal changes to the state's franchise tax system, impacting how businesses will calculate their taxes moving forward. 🔹Elimination of the Alternative Base: Starting from tax years ending on or after January 1, 2024, franchise taxes will only be calculated based on the net worth measure. This simplifies the tax calculation process for all businesses. 🔹Refund Opportunities: Businesses that previously paid franchise taxes based on the alternative base may now be eligible to seek refunds for those payments from the Tennessee Department of Revenue. These updates represent a significant shift in Tennessee's tax policy, aiming to streamline the process and potentially reduce tax liabilities for many businesses. Stay informed and consider consulting with your tax advisors to understand how these changes may benefit your business. #TaxUpdate #TennesseeBusiness #FranchiseTax #LBMC

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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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I did a bold thing this past weekend. I took a bold step towards completing one of my major Q2 goals: the near completion of my new course, Redefine Your Career Brand™. Despite the challenges, including a 2+ hours delay due to inclement weather in Atlanta, we powered through 6 hours of production, successfully capturing 5 modules, 14 lessons and 16 videos. The average length of each lesson is 5 to 8 minutes. But this is just the beginning. Over the next month, as my videography team handles the editing, I'll be crafting a comprehensive workbook to accompany the course and help participants implement the frameworks shared, constructing funnels, automating processes, and preparing the launch materials. Yes, it means fewer Zzz’s and indulgences for me, but the impact this course will have makes every sacrifice worthwhile. What is my why? As a black woman and an immigrant, I’ve faced numerous challenges in the corporate world, often feeling the need to dilute my value and mask my authenticity in an effort to belong and succeed. This was a survival tactic and it wasn’t sustainable. I learned the hard way when I found myself on the floor of my master bathroom fighting for my life. I refuse to watch others suffer in silence.  I am determined to equip others that are often “othered” and who are experiencing challenges navigating their careers with authenticity, who are having difficulty advancing and creating success as they define it for themselves with the tools they need to live their bold potential and build careers that not only delivers positive impact, but provides joy and fulfillment. I want to leave my working world better than I found it. I believe when we are empowered to step into our careers with the courage and confidence to be who we are, we are more likely to share our authentic ideas, our perspectives and solutions that can not just inspire a better working world but create a better world.

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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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Is your Employee Benefit Plan audit-ready? 🔍 Discover the critical factors to consider when choosing the right auditor with insights from Stacie Newnam, CPA, QKA. From experience to timeliness, ensure your Form 5500 filing is accurate and compliant. Trust PBMares, an AICPA Employee Benefit Plan Audit Quality Center member, for expert guidance and unmatched service. 💼💡 https://bit.ly/3xwRK40 #EmployeeBenefitPlan #AuditorSelection #PBMaresInsights

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