Laura Savoie Quaid

Last week, I had the privilege to return to UGA's campus for the Terry College of Business's 'Resume Deep Dive' event. We engaged with students of all grades, discussing what recruiters look for, tips to stand out with your resume, and best practices for business resume formatting and during career fairs. Grateful for the opportunity to share insights and help students prepare for their future careers alongside a fantastic group of marketplace leaders. Go Dawgs!! 🎓✨ #TerryCollegeofBusiness #ResumeTips #CareerDevelopment #UGA #accounting #finance

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❓Why is discomfort so essential for growth? 👉It's because stepping outside of our comfort zones forces us to adapt, learn, and overcome the limitations we set for ourselves. 🪜Whether studying for the CPA exam, final exam, career growth, or tackling a daunting project, each challenging step forward is a step toward growth. 1️⃣Set Stretch Goals: Aim for objectives that challenge your abilities and push you beyond what you think you can achieve. These goals should be realistic but ambitious enough to require you to stretch beyond your current capabilities. 2️⃣Learn Continuously: Adopt a mindset of continuous learning. Whether it's reading books, attending workshops, or seeking feedback, each learning opportunity helps you navigate through discomfort and become more competent and confident. 3️⃣Reflect on Your Journey: Take time to reflect on what you learn from each experience, especially the challenging ones. Reflection helps you see how far you've come and how obstacles have shaped your path to success. 💡Remember, the discomfort you feel today is the growth you will appreciate tomorrow. Embrace it, learn from it, and let it propel you toward your goals. The journey might not be easy, but it will definitely be worth it. 💡Keep pushing, keep growing, and never settle for comfort when greatness is just a few steps away! tart your free trial: ✅https://lnkd.in/g4hZAp2  Add Farhat to your CPA exam review course whether it is Becker, Uworld, Gleim, Miles Surgent or other. ❌I don’t replace your CPA course. Farhat is: ✅mapped to your CPA course ✅explain the material in depth ✅provides tons of MCQs including AICPA ✅Support and guidance by Farhat and his team. #pwc #deloitte #kpmg #ey #big4 #cpastudying #cpaexam #cpatips #cpacandidates #grantthornton #cbiz #naba #dbo #cpaexam #cpaexamlife #cpaexamsquad #cpaexams #cpareview #accountingmajor #accountingstudent #cpajourney #cpaexamreview #futurecpa #cpastudying #cpastudent #certifiedpublicaccountant #onmywaytocpa #cpacandidate #accountingintern #mileseducation #journeytocpa #accountingstudent #becker

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A few weeks ago, I had the opportunity to share my knowledge and experiences with aspiring entrepreneurs, discussing why financial statements matter. It's always an incredible honor to represent Novii and help others kickstart their entrepreneurial journeys. 💚📈 Keep an eye out for future presentations!🫡 #Entrepreneurship #Finance #Novii #FinancialStatements #BusinessGrowth

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The \*\*Internal Revenue Service \(IRS\)\*\* has announced tax relief for individuals and businesses impacted by \*\*Hurricane Helene\*\* in North Carolina, Florida, Tennessee, and Virginia. The relief includes extensions on several tax deadlines: ### Key Points of the Relief - \*\*Extended Deadlines\*\*: Tax filing and payment deadlines are extended to \*\*May 1, 2025\*\* for those affected. This applies to: - 2024 individual and business returns due in March and April - 2023 returns with valid extensions \(payments excluded\) - Quarterly estimated tax payments due on January 15 and April 15, 2025 - Payroll and excise tax returns for October 31, 2024, January 31, and April 30, 2025 ### Eligibility - Relief covers all of North Carolina and designated areas in Florida, Tennessee, and Virginia. Those outside disaster areas can contact the IRS for assistance. Citations: \[1\] https://lnkd.in/gsxA8Eyv

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In this video, we explain FICA taxes which include social security and Medicare taxes. Start your free trial: ✅https://lnkd.in/g4hZAp2 Add Farhat to your CPA exam review course whether it is Becker, Uworld, Gleim, Miles, Surgent or other. ❌I don’t replace your CPA course. Farhat is: ✅mapped to your CPA course ✅explain the material in depth ✅provides tons of MCQs including AICPA ✅Support and guidance by Farhat and his team. #pwc #deloitte #kpmg #ey #big4 #cpastudying #cpaexam #cpatips #cpacandidates #grantthornton #cbiz #naba #dbo #cpaexam #cpaexamlife #cpaexamsquad #cpaexams #cpareview #accountingmajor #accountingstudent #cpajourney #cpaexamreview #futurecpa #cpastudying #cpastudent #certifiedpublicaccountant #onmywaytocpa #cpacandidate #accountingintern #mileseducation #journeytocpa #accountingstudent #becker

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Time to send the kids back-to-school. While you're at it, squeeze in a great podcast and learn some great tax strategies in 2024 to save on taxes while paving the way for your kids education.

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"As a Gen Z professional navigating the accounting field, I’ve encountered challenges that make this career path less desirable, especially at the entry level. One of the biggest hurdles is the financial burden associated with obtaining a CPA license, which is essential for career advancement. Unfortunately, entry-level roles often come with lower compensation, making it difficult to afford the necessary qualifications. This cycle creates a frustrating paradox: you need a CPA to advance, but you need higher pay to afford the CPA. As a result, many professionals, including myself, find themselves stuck in entry-level roles with limited career progression. Working long hours—sometimes over 60 hours a week—staring at a screen, has also taken a toll on my health, contributing to migraines and light sensitivity. Despite the dedication, there’s little to show for it financially, and the pressure to self-fund further qualifications feels overwhelming. I’m sharing this from my personal experience, and I know I’m not alone in feeling this way." "I'm curious to hear from other professionals in the accounting industry. What do you think is the biggest challenge for those starting out in their careers?" #accounting#genz#careers

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We as CPAs and accounting professionals need to get realistic about why we are seeing a decrease in students selecting accounting as a major. This includes being vocal with our licensing state boards, our professional organizations, and our colleges and universities about the 150-credit requirement for CPA licensing. To become a CPA, a candidate must pass four exams, which are each four hours long, and pass an ethics exam. The pass rate for each of the four sections typically hovers around 40-55%. If the pass rate for each section is 40-55%, what is the actual licensing rate for CPA candidates who take one section and pass all four sections within the allocated window? When comparing starting accounting salaries with other business majors, accounting salaries have not increased in proportion to other business majors. Data from the National Association of Colleges and Employers (NACE) regarding starting salaries in 2024 and 2004 is attached below. It is important to note, most states did not require 150 credits for CPA licensing in 2004 and the average starting accounting salaries outpaced each major in 2004. In 2024, every state requires 150 credits to become a licensed CPA and as a percentage, the starting salary for accounting majors increased less than the other business majors. The average cost for a year at a public institution is about $25,000. An extra 30 college credits is likely another year of school. The opportunity cost for having to go to school another year is $64K. How do we as a profession expect to sell accounting as a major to the next generation if their average starting salary will be comparable to someone who does not have to pay for an additional 30 credits and gets a head start on their career a year sooner? Long-term, I still believe an accounting degree and CPA certification will more than pay for itself, even if it requires 150 credits. Does that line of thinking resonate with Gen Z, the generation we need to market our profession to? As a population, Gen Z wants immediate gratification and are pragmatic thinkers. Would an 18–22-year-old who wants immediate gratification and is a pragmatist pick a profession that requires an extra year in college to reach such a milestone in their profession? What if the first step to becoming a CPA was only 120 credits? Would an 18–22-year-old who wants immediate gratification and is a pragmatist pick accounting if the route to becoming a CPA was 120 credits? In 2018, the AICPA found that only 27% of candidates passed all four sections the first time they attempted. The litmus test to become a CPA should not be an extra 30 college credits, the CPA exam is already the litmus test. It is well past time to remove the extra 30 credit barrier to becoming a CPA.

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Please keep this for future reference. I think you will need it for next year's CPA audit and when you have to discuss with students on why their eligibility has changed. Yesterday I spoke to a student about their FA, they said they have been hearing about all the problems regarding the fafsa application and financial aid websites. FINANCIAL AID HAS GONE MAINSTREAM (GENERAL-24-66) NSLDS Professional Access Website – Loan Summary Page Issue SUBJECT NSLDS Professional Access Website – Loan Summary Page Issue We have identified an issue on the Loan Summary page of the NSLDS Professional Access website that results in the display of incorrect loan details. Our initial research indicates that loan information for the borrower the user previously retrieved may be displayed, rather than for the current borrower. We are actively working to resolve this issue as soon as possible. In the meantime, we recommend you refresh the page or clear your computer’s cache after successfully retrieving a borrower. We understand the inconvenience this issue causes and thank you for your patience. If you have questions about this issue, contact the NSLDS Customer Support Center at 1-800-999-8219 or [email protected].

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LLC's were gifted to recent graduates of a well known and respected university. Here are my thoughts on why this wasn't such a good idea. Need help? Schedule an appointment: www.callthetaxpro.com Dive into the full audio by clicking this link: https://lnkd.in/efGyeeas #LLC #LLCAdvice #BusinessStructure #Entrepreneurship #LLCProsAndCons #taxproblemssovled #irshelp #backtaxhelp #Graduation2024

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The Tennessee General Assembly approved significant changes to the Tennessee franchise tax on April 25th, 2024 which specifically eliminates the property tax component of the Tennessee franchise tax. Under the new legislation, the Tennessee Department of Revenue is mandated to provide franchise tax refunds to taxpayers who previously owed franchise tax based on the property measure. For some TN taxpayers the refund may be significant. Attend our webinar tomorrow to learn: - How the new law eliminates the property tax measure from the franchise tax calculation. - If your business qualifies for a refund of franchise taxes paid for tax years 2020-2023. - The deadline to file a claim for a refund (May 15, 2024 – November 30, 2024). - Other important steps to take to maximize your refund opportunity.

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