Mark Chadwick

At CPA Trendlines: Accounting ARC: Breaking Barriers – How Becky DuPree’s Love for Data Analytics and Her Identity Shaped Her Professional Path: "Coming out was not an option at that time in public accounting." Accounting ARC  With Donny Shimamoto Center for Accounting Transformation Go PRO for members-only access to more Center for Accounting Transformation. http://dlvr.it/T8jj2Q #CPA #tax #accounting

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At CPA Trendlines: Accounting ARC: Breaking Barriers – How Becky DuPree’s Love for Data Analytics and Her Identity Shaped Her Professional Path: "Coming out was not an option at that time in public accounting." Accounting ARC  With Donny Shimamoto Center for Accounting Transformation Go PRO for members-only access to more Center for Accounting Transformation. http://dlvr.it/T8jj2d #CPA #tax #accounting

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At CPA Trendlines: Accounting ARC: Breaking Barriers – How Becky DuPree’s Love for Data Analytics and Her Identity Shaped Her Professional Path: "Coming out was not an option at that time in public accounting." Accounting ARC  With Donny Shimamoto Center for Accounting Transformation Go PRO for members-only access to more Center for Accounting Transformation. http://dlvr.it/T8jj2m #CPA #tax #accounting

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Looking for a high-level overview of changes and trends in accounting and auditing as the calendar year wraps up? Register now to hear our professionals cover the topics you need to know for successful year-end planning. #yearend #accountingupdate https://okt.to/Nh9smE

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When it comes to financial reporting and analysis, Pitt Meadows accountants can help you make sense of the numbers. Read more 👉 https://lttr.ai/AS4SP #CPALedAccounting #SmallBusinessAccounting #PittMeadowsAccountant #FileTaxesAccurately

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🚨 Facing a CRA audit? Don’t stress – we’ve got your back! 💼 At E&E Professional Accountants, our experts specialize in navigating the complexities of CRA audits, so you don’t have to. Let us handle the paperwork and protect what matters most – your peace of mind. 🌟 📊 Learn more about how we can help: https://lnkd.in/gPJ_TxcC #CRAAuditHelp #TaxExperts #StressFreeFinances #EELtd #ExpertAccountants #AuditAssistance #OntarioAccountants

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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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Practice mobility and substantial equivalency are in the spotlight as various state legislatures look to change education and experience requirements for CPA licensure. In response, the AICPA has stepped up, offering some guidance. They've crafted a compliance checklist designed to navigate interstate practice. Substantial equivalency has long been the backbone of CPA mobility, ensuring standards across states. Yet, with each state wielding the power to redefine these standards, the seamless landscape of CPA practice faces fragmentation. The ripple effects of such changes could extend far beyond individual CPAs, impacting firms and the clients they serve. Let's talk about it. How do you see these potential changes impacting your practice or the broader CPA community?

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Erica Williams, Chair of the Public Company Accounting Oversight Board (PCAOB) is sharing her thoughts on audit efficiency and the importance of quality audits. 📈 She also discusses the accountant shortage, stressing the need to attract young talent to the field, and addresses compensation challenges in the future of accounting. ☑️ Want to explore more? Read the full interview below ⬇️ https://hubs.ly/Q02yyz_J0 🌟 For our best practices on having a successful audit, check out our guide: https://hubs.ly/Q02yyBqK0

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R&D Tax Credits and Incentives for Qualifying Manufacturing Entities (Member Guest Blogger Eide Bailly LLP) https://lnkd.in/eu_j8cYc Key Takeaways - Manufacturers can see significant benefit from R&D tax credits for developing new or improving existing products and processes. - Recent changes, such as the amendment of Section 174, require the capitalization and amortization of research expenses, impacting tax liabilities. Businesses implementing new or existing manufacturing processes or developing or enhancing products may benefit from the R&D tax credit. The credit is a permanent benefit offered annually and is best claimed on an originally filed tax return, but can also be claimed on an amended tax return for open tax years. While the credit can fluctuate year-over-year, a company with $500,000 in qualified R&D costs during a tax year can typically see a benefit between $30,000 and $40,000. Many states also offer R&D credits or incentives, which can increase the available benefit to offset state taxes and may be refundable in certain states. Additionally, manufacturers may be able to utilize more R&D credit given the law change around Section 174 through the Tax Cuts and Jobs Act (TCJA), as many companies are seeing temporarily increased tax liabilities from the requirement to capitalize and amortize R&D expenditures. Lawmakers have contemplated a legislative fix concerning the TCJA provisions on expensing research costs; however, a legislative fix is not anticipated until 2025. Qualifying Manufacturing Activities and the R&D Tax Credit (READ MORE: https://lnkd.in/eu_j8cYc ) #Manufacturing #Tax #RD #TaxIncentives #BusinessCredits #foodprocessing #fpsa

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A recent CPA Now blog is by James Caruso, CFO of ClearView Healthcare Partners and member of the Pennsylvania CPA Journal Editorial Board. This post is part of series about applying creativity techniques in your accounting career and focuses on lessons that can be learned from authors. https://loom.ly/0DuAoBA

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Do you know about the new annual report requirements for PA? This replaces the previous decennial report requirement. Read more here: https://ow.ly/tijT50PS5qt #Klatzkin #accounting #PAtax #accountingandaccountants

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