Adarius Lester, MAcc

#ICYMI: E. Martin Davidoff presented at the CPA Academy, "IRS Offers In Compromise: A Case Study - Condensed Version," on Thursday, May 2, at 10:30 AM EST. This course discussed the keys to navigating IRS financial disclosures for offers in compromise, how to compute reasonable collection potential, determine installment agreements, and advise clients on pre-submission planning. Don't miss the next one! #yourworldworthmore #taxcontroversy #IRS

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The Role of Certifications in Advancing Accounting Careers: Certifications like the CPA Designation can significantly boost your career in accounting, validating your expertise and opening doors to advanced roles. They demonstrate a commitment to the profession and can distinguish you in a competitive job market. Explore which certifications align best with your career goals and the areas of accounting you are passionate about. What certifications have you pursued or are considering for advancing your accounting career? #AccountingCertifications #ProfessionalGrowth #CareerDevelopment

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#ICYMI 📰The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) are looking to add more paths and flexibility to CPA licensure. ➡️The plan that’s now out for public comment explains that candidates would still need a bachelor’s degree, but could bypass a fifth year of college coursework by taking a “competency-based experience pathway.” From CFO Dive: “The process will take some time. Once the the [sic] public comments are reviewed[,] final language must be approved by the AICPA and NASBA boards and changes will also be proposed to the Uniform Accountancy Act, which is a template for licensure requirements for states, according to the AICPA statement. States will then ultimately need to decide whether to update their licensing requirements.” Read the full article here: https://lnkd.in/eNYSFj2j #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Audit #Auditing #AICPA #NASBA #Licensure #Plan #Career #Careers #Professionals #Growth #ProfessionalGrowth

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The AICPA Peer Review Program plays a crucial role in maintaining the quality and integrity of CPA firms’ work. Designed to enhance the effectiveness of CPA firms’ accounting and auditing practices, the program ensures firms comply with professional standards. Every three years, CPA firms that perform audits, reviews, or compilations are required to undergo a peer review. This process involves an independent evaluation of the firm’s system of quality control or an engagement review, which focuses on a sample of specific work products. Peer reviews help identify areas for improvement and ensure that firms provide high-quality services to their clients while adhering to AICPA standards and regulatory requirements. Firms that undergo the peer review must address any findings or recommendations to improve practices. This process not only enhances firms’ credibility but also instills greater public trust in the profession. It’s essential for CPA firms to remain prepared for the peer review by maintaining strong quality control systems, documenting engagements properly, and ensuring adherence to ethical guidelines. By doing so, firms can continue to provide reliable services and contribute to the profession's integrity. #AICPA #PeerReview #CPA #AccountingStandards #QualityControl #AuditQuality #Compliance #ProfessionalStandards #AccountingFirms #CPAFirms #AICPARegulations #Auditing #TaxPlanning #CPACompliance

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On September 12, the AICPA & NASBA issued an exposure draft on the CPA Competency-Based Experience Pathway, offering an additional pathway for CPA candidates to meet initial licensure requirements in response to pipeline issues instead of earning a master's degree or a bachelor's degree and up to 30 additional credit hours at an institute of higher learning. Under this alternative pathway, CPA candidates would need a bachelor's degree, complete one year of professional general experience, pass the CPA Exam, and exhibit competency in specific professional & technical areas. In addition, on September 30, the AICPA & NASBA issued an exposure draft on proposed Uniform Accountancy Act changes. The proposed changes to the UAA would facilitate the adoption of the Competency-Based Experienced Pathway. Comments are due on the CPA Competency-Based Experience Pathway by December 6, and comments on the UAA are due by December 30. #CPA #CPALicense #NASBA #AICPA #CompetencyBasedExperiencePathway

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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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If you're preparing for an audit or review, we can help you prepare and avoid extra time and cost from your CPA by making sure your books are ready. This includes reviewing records, making and adjusting journal entries, and preparing audit schedules. #audit #finance #cpa

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Many processes within accounting firms are managed end to end by CPAs, despite a substantial portion of these tasks not requiring a CPA's specialized skills or license. This misalignment leads to job dissatisfaction among highly qualified professionals and hampers the firm's productivity and effectiveness. To address these challenges, firms must adopt a strategic approach to talent management, focusing on getting the right people doing the right work at the right time. Learn more from Jim Boomer here: https://boomer.link/frh #cpa #accounting

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Hiring trends indicate a weakening labor market. The CBIZ Small Business Employment Index reported a 0.58% decline in October, particularly in Construction, Real Estate, and Rental sectors. What does this mean for small businesses? See more below. #EmploymentTrends #SmallBusiness #LaborMarket

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CPA Exam Score Release Dates for 2025 CPA Exam scores are released on a rolling basis throughout the year. The AICPA shares when you can expect to receive your score after sitting for a section in 2025. This helps you to better plan your testing schedule. https://lnkd.in/gKtbM4-u #tipoftheweek #accounting #accountingstudents #cpa

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𝐓𝐨𝐩 𝟓 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐖𝐡𝐞𝐧 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐚𝐧 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐞𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 (Guide for CPA firms) In today's fast-paced business environment, the decision to outsource your accounting needs can significantly impact your organization's efficiency and financial health. Here are 5 critical factors to keep in mind when choosing an outsourced accounting service provider: - Reliable Accounting Track Record - Skilled Pool Of Prospective Team Members - Less culture gap - Affordable Team - Strong Communication Skill Choosing the right outsourced accounting service provider, like #Bestarion, is crucial for your business's success. Take the time to thoroughly assess these key factors to make the best decision. --------------- 𝐁𝐞𝐬𝐭𝐚𝐫𝐢𝐨𝐧 | Better for Less 📍Website: https://bestarion.com/ ✉ Email: [email protected] #Bestarion #OutsourcedAccounting #BusinessSuccess #FinancialHealth #AccountingServices #ProfessionalGuidance

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Embarking on an accounting career can be both an exciting and daunting prospect. With the wide array of opportunities available within the field, it is essential to understand the various pathways one can take. Whether you are just starting out or looking to pivot within the accounting industry, choosing the right career path is crucial to your professional growth and satisfaction. This article provides valuable accounting career advice, weighing the pros and cons of specialisation versus generalisation, and offers insights into how to stay relevant in your chosen niche. Read on to learn more. #inaa #internationalassociation#accountants #auditors #accounting #tax #audit #finance

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Is your accounting firm struggling to find and keep top talent? You're not alone. Our latest poll revealed that 70% of accounting professionals say finding skilled candidates and retaining them are their biggest hiring challenges. This begs the question: What are your proven strategies for building and maintaining a skilled accounting team?

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via cpatrendlines.com: Explaining the Talent Shortage in One Big Chart | Cornerstone: Understanding the Inflection Points in Number of CPA Exam Candidates CPA Trendlines Cornerstone Report Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TFy9Sd #Talent #Management #Staffing

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🎵🗓️𝐋𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞 𝐰𝐞 𝐦𝐚𝐝𝐞 𝐢𝐭…🗓️🎵 Shoutout to all my audit and tax colleagues who’ve been working tirelessly to meet the October 15th deadline. You absolutely crushed it! And if your project didn’t quite make it across the finish line because of unresponsive clients—remember… It’s not your fault. #Deadline #IRS #PublicAccounting #Audit #Tax

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Are you a CPA looking to step into the CFO role? 👣 💼 In today's fast-evolving corporate landscape, the path may not be as straightforward as it once was. Here's what the Pennsylvania Institute of Certified Public Accountants found when exploring the evolving expectations for CFO candidates: In 2012, 55% of S&P 500 finance chiefs were CPAs. By 2022, that number dropped to 43%. The question arises: Are CPA skills enough to secure a CFO position in the modern world? 📊 According to a survey of 320+ executives involved in CFO hiring decisions, financial acumen reigns supreme as the most sought-after competency. Within this realm, capital management/strategy takes the lead, indicating a shift towards future-focused skills. 💡 But remember, the journey to CFO requires more than traditional accounting expertise. To excel, aspiring CFOs must embrace strategic thinking, team leadership, and innovative growth planning. 🚀 Are you ready to make the leap from CPA to CFO? 🔝 https://hubs.ly/Q02MkcwJ0 #CPA #CFO #FinanceLeadership

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