Dan Shimoda

An updated edition of RSM’s guide to accounting for stock compensation is now available. Check out this helpful guidance. https://rsm.buzz/3WAd3un

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If you are getting married this year, there is a long list of things you need to be aware of and plan for before tying the knot that can have a significant impact on your taxes.

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It's the middle of November, if your co-source or outsourced SOX/internal audit provider has given you headaches all year, there's plenty of time to switch to R-VMC for your roll foward testing. Or if you don't want to change in the middle of your testing period, it's never too early to start planning your 2025 audit plan and resource needs. [email protected]

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Although "there is particular emphasis on accelerated depreciation" the IDR pretty much included everything. See list below: Business Aircraft Initial Information Document Request Issue: To obtain basic information regarding the aircraft reported on the tax return. Provide the following information related to the aircraft: 1.             Flight Log - provide hard copy and electronic version (if available) •       Flight Date •       Origin City (include all origin cities for multi-leg flights) •       Destination City (include all destination cities for multi-leg flights) •       Flight Time (Hobbs Meter Reading) •       Pilot in Command (PIC) •       Co-Pilot (SIC) 2.             Aircraft maintenance flight log 3.             Passenger manifest for each flight leg 4.             Provide a list of all specified individuals as defined in Treasury Regulation § 1.274-9 5.             Relationship of passengers to any 5% owner and "specified individuals" 6.             Tail number of the aircraft; aircraft registration number; manufacturer's serial number; type and model of the aircraft; and number of passenger seats on the aircraft 7.             Aircraft purchase/sales documents 8.             Aircraft lease/charter/operating agreements 9.             Aircraft management contracts 10.         Minutes/documents indicating the business purpose of the aircraft 11.         Company policy on the aircraft usage 12.         Provide 280F qualified business use calculation 13.         Provide copies of the calculations for any expense limitation or disallowance related to the aircraft 14.         Provide copies of any fringe benefit computations relating to personal use of the aircraft 15.        Were any reimbursements made to the taxpayer for personal use of the aircraft? If yes, provide amounts and trips they were associated with. #aviationlaw #businessaviation #businessaircraft #privatejet #corporatejet #taxlaw

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This has been and always will be a raw deal for Taxpayers. "Economic research is unequivocal: These subsidies are a boondoggle for taxpayers, who have spent nearly $30 billion on stadiums over the past 34 years, not counting property-tax exemptions or federal revenues lost to tax-exempt municipal bonds. Stadiums do not come close to generating enough economic activity to pay back the public investment involved in building them—especially when they’re coupled with lease agreements that funnel revenue back to owners or allow teams to play in the stadiums rent-free." https://lnkd.in/eFdfDdNz

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Tax credits reduce the amount of tax you owe dollar-for-dollar, making them way better than deductions. Book a quick chat and we’ll uncover the credits you didn’t even know existed! 👇 https://lnkd.in/gvZJvJ_b

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Interesting article on the Economy.

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🔍 As we all know, the CPA profession faces a shortage of new CPAs and accounting graduates. A current shortage as well as a pipeline shortage. Last year the AICPA commissioned the National Pipeline Advisory Group (NPAG) to study this shortage and provide recommendations for enhancing the CPA pipeline. The NPAG is comprised of 22 professionals who are CPAs and accountants in the profession.💼 NPAG offered six draft recommendations to restock the talent pipeline. The NPAG's data-driven & inclusive approach hopes to bring about meaningful & long term change. From reshaping education to enhancing the employee experience, their recommendations aim to address critical challenges. NPAG's first recommendation focuses on addressing the time and cost of education. They propose three concepts emphasizing competency over academic experience, potentially revolutionizing CPA licensure requirements. 🎓💰 The second recommendation suggests making academic experiences more engaging. NPAG endorses efforts to retool introductory university courses and improve support for students progressing into more challenging coursework. 📚👩‍🏫 Enhancing the employee experience is another priority, with NPAG highlighting the need for competitive starting salaries and manageable workloads. They urge employers to make tasks more interesting and advancement opportunities clearer. 💼💡 NPAG stresses the importance of prioritizing strategies to expand access for underrepresented groups, advocating for targeted messages and closer relationships with minority-serving institutions. 🌍🤝 Support for CPA exam candidates is also crucial, with NPAG recommending addressing exam costs, simplifying the application process, and rewarding professionals for passing exam sections. 📝💼 Lastly, NPAG emphasizes the importance of telling a more compelling story about the accounting profession to attract talent. They also encourage all CPAs to take the Pipeline Pledge, by committing to participate in two groups/activities per year for the express purpose of nurturing new talent. 🚀💼 With less students enrolling and more analytical majors in the business curriculum than ever it will take concerted effort to keep our CPA pipeline full! 🌟 #Accounting #CPATalentPipeline #Innovation #warfortalent #FutureOfWork 🚀

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We want to give a HUGE congratulations to Kelly Mann, CPA, one of the 2024 AICPA & CPA Practice Advisor 25 Most Powerful Women in Accounting! Learn more: https://hubs.la/Q02zFlsC0 #auditminer #audit #auditsoftware #powerfulwomeninaccounting

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Taxes will find you in many different ways. Sharing an interesting article on living in no income tax states. https://lnkd.in/ertcWy8E

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So there are several ways to defer your taxes. I may be able to help you with find an appropriate way for you to hold on to more of the money you earn by deferring taxes. To get started please check out this article on "Tax Deferral," then contact me for any questions you may have about your personal tax deferral. I got you covered. https://lnkd.in/gGB4hymq

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Exciting times ahead as my youngest has flown the nest to college, leaving me with newfound time to tackle my bucket list! One major goal? Pursuing my CPA Certification. Studying is in full swing, and I'm eager to make the most of this opportunity. Any tips or advice from seasoned professionals in the field are more than welcome! Let's connect and share insights to ensure a smooth journey towards this milestone. #CPA #NeverStopLearning

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Worth the reading to learn the impact of new changes.

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