Chris Stead, CPA (Inactive)

Is your business prepared for potential changes in California's business tax environment? 🏛️ Considering California's proposed changes to NOL deductions, tax credit limits, and apportionment rules, it's crucial for businesses to stay informed and proactive. California plans to suspend NOL deductions for incomes over $1M, cap business tax credits at $5M, and retroactively amend apportionment rules to address substantial budget gaps. These changes could lead to significant tax liabilities for affected businesses. Our SALT team is here to help you navigate these complex changes and optimize your apportionment to potentially reduce your California cash tax liabilities. Learn more: https://lnkd.in/gUypW5Hv #SALT #BusinessFinance #TaxCredits

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Is your business prepared for potential changes in California's business tax environment? 🏛️ Considering California's proposed changes to NOL deductions, tax credit limits, and apportionment rules, it's crucial for businesses to stay informed and proactive. California plans to suspend NOL deductions for incomes over $1M, cap business tax credits at $5M, and retroactively amend apportionment rules to address substantial budget gaps. These changes could lead to significant tax liabilities for affected businesses. Our SALT team is here to help you navigate these complex changes and optimize your apportionment to potentially reduce your California cash tax liabilities. Learn more: https://lnkd.in/gUypW5Hv #SALT #BusinessFinance #TaxCredits

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If #accounting is the taillight view of your business, then financial modeling is the headlights – it’s what has happened versus what you hope will happen. Businesses need both for informed decision-making. We can help 👉 venturacfo.com/

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Exciting news! We’re expanding our long-standing partnership with CalCPA to offer CCH Axcess™ Beneficial Ownership to California-based accounting professionals. This will help them support clients with Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, adds: "By offering BOI compliance as part of a business advisory relationship, accounting firms can enhance their role as trusted advisors, which is particularly crucial as end-of-year reporting requirements loom large for an estimated 33 million businesses.” Read more in our press release: https://bit.ly/3BLvUvy #BOI #BOICompliance #CTA #TaxAndAccounting

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As it’s become increasingly popular for external CPAs and even CFOs to help run a company’s financial operations, the AICPA is looking to amend the standard for financial statements prepared by an external entity. The change is looking to address the uncertainty, confusion and diversity of practice with respect to the subject, said Michael Glynn, associate director of audit and attest standards and staff liaison for the AICPA’s Accounting & Review Services Committee.  #accounting #externalCFOs #outsourcing https://lnkd.in/epiFcW2i

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The CPA shortage in 2024! Candidates are down 7% year over year and missing forecasts. In a year where the corporate theme seems to be "do more, with less" teams need to collaborate more and use emerging tools more effectively than ever. Top 4 causes of burnout (we can help): 1. demanding hours and deadlines 2. changing codes 3. outdated technology The Big CPA Shortage: https://lnkd.in/gwiiFZA9

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Are you keeping an eye on the latest from Washington? The CBIZ Accounting & Tax Eye on Washington webinar is ideal for CEOs, CFOs, and financial executives and advisors navigating the complex tax landscape. 🔎 Attendees will learn to: ☑️ Discuss recent IRS and Treasury Department rulings and guidance ☑️ Summarize recent legislative updates, including newly enacted or proposed tax laws ☑️ Assess how key appellate and trial-level tax case decisions may impact your business CPE: Earn 1.2 CPE credits in Tax. #CEOs #CFOs #LegislativeUpdate #TaxUpdates #CPEcredit

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Discover how Engineered Tax Services' cost segregation analysis for a Nevada auto services business led to significant tax savings and enhanced financial performance. Learn more about our strategic tax planning solutions. Learn more here: https://lnkd.in/enhJx7y5 #taxes #smallbusiness

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What makes a GAAP audit a smart move for #Entertainment companies? #TeamGHJ Audit Partner Dan Landes, CPA explains that a GAAP audit not only meets compliance requirements but also bolsters a company’s financial credibility and risk mitigation efforts. With the high-value transactions common in entertainment, having a robust audit from an experienced firm like GHJ can be the key to future growth, investment and strategic partnerships. Learn more about the value of a tailored audit approach. https://bit.ly/3Bb8lvV #YourHomeTeamAdvantage

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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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A proposed FASB Accounting Standards Update addresses when to apply derivative accounting and clarifies how to account for a share-based payment from a customer in a revenue contract. Learn more in RSM's article. https://rsm.buzz/3UZnaJp

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It's clear that there is a transformation happening for finance and accounting teams as Tom Hood, CPA,CGMA,CITP captured so effectively here. And while the rankings shifted, all of the bullet points can be tied to the need to find and retain talent. I encourage you to lean in and figure out how you can be the person to bring solutions to your organization. The world (and your company) is looking for you to step up and lead the charge!

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The U.S. manufacturing and distribution sectors are rebounding with improving demand and growing output, although inventories and backlogs are shrinking. Check out more insights from Aprio. 📈 #manufacturing My Gov Con friends > it could be time to take a look at your cost structure to maximize recovery.

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“The AICPA Can Eat a Bag of Dicks,” or Here's What CPA Candidates Are Mad About Today: According to the latest information on the AICPA's “Find out when you'll get your CPA […] The post “The AICPA Can Eat a Bag of Dicks,” or Here's What CPA Candidates Are Mad About Today appeared first on Going Concern. https://bit.ly/4coj3MO

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Can I become a fractional CFO if my main background is as an F P & A Analyst? Yes, but.... An F P & A background is probably closer in skillset to a CFO than a controller is, because they (like a CFO) are looking forward, and the controller's job focuses on historical data. I would recommend one of several paths for you. 1. Start as the F P & A person within a fractional CFO firm and let them mentor you as a fractional CFO. 2. Start as a fractional F P & A, and as you earn the trust of your clients, they will ask you to expand into other areas typically performed by CFOs 3. Take a class on being a CFO from someone like The CFO Leadership Council. GrowCFO, or Andy Burrows. 4. Take a Master Class on Fractional CFOs from Carl Seidman, CSP, CPA a noted F P & A leader. The class starts later this week, and here is a link to it.

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Have you taken note of the 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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