Anthony Venette, CPA/ABV, MBA

Planning for 2025 is becoming a hotter topic as the scheduled halving of the transfer tax exemption draws closer. But while many are focusing on the end of 2025 as the critical deadline, the end of 2024 warrants greater attention. The first reason on the minds of many is that, for nonreciprocal spousal lifetime access trusts (SLAT), it may be preferable to create one in 2024 and a second in 2025. Having more time between the creation of the two trusts may help differentiate them from a reciprocal trust doctrine attack. Planners tend to feel more secure when each trust has a different tax year; this makes year-end 2024 an important deadline for pre-2026 planning. https://lnkd.in/e-3YVhPU

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New FASB amendments bring changes to disclosure requirements, impacting both public and private entities. Key updates include enhanced disclosures on cash flows, debt, and equity. Prepare for these changes to stay compliant and informed. Contact Eide Bailly for guidance! #DisclosureUpdates #FASB #GAAP

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Having a reputable CPA firm matters beyond taxes. Here are three key reasons why: https://bit.ly/4dUs2Hp 💡 Choose wisely. Your CPA should be a partner in your business's growth and success. #CPA #BusinessTips #SMB

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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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150 Credit Hours: Helping or Hindering?: One study suggests there is little if any upside but plenty of downside. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TB4M61 #CPA #tax #accounting

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Discover the keys to financial success with me on YouTube! 📹 Join me for videos on finance, tax strategies, how-tos, and more. Subscribe now and never miss an update! https://lnkd.in/eWYPjufb

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Final tax tips you can't miss! 😮 Subscribe now and stay ahead this tax season! https://lnkd.in/ewJbHxFX

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JUST RELEASED AT #DCPA24: Read the 2024 CPA.com and AICPA PCPS CAS Benchmark survey to learn more about key trends in this growing area and how your #CAS practice compares with your peers. https://lnkd.in/e_Qvqd6f

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Taking the #CPAexam? Pass This Quiz. Discover How Prepared You Really Are. https://cpaexam.me/3VP6WDg

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via cpatrendlines.com: Tax & Accounting Profession Keeps Growing: More workers, with some making quite a bit more money. By Beth Bellor CPA Trendlines Research Go PRO for members-only access to more Beth Bellor. http://dlvr.it/T7GSCR #Talent #Management #Staffing

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In April 2024, the Governmental Accounting Standards Board (GASB) finalized upgrades to Statement No. 34, which shapes the financial reporting model for state and local governments. This update, encapsulated in Statement No. 103, Financial Reporting Model Improvements, enhances provisions in existing standards to increase transparency and utility in financial reports. A decade in development, these changes address feedback from stakeholders, aiming to provide more useful information and solve issues faced by governments and auditors. #GASB #GovernmentAccounting #FinancialReporting

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