Sandy Petty CPA, CGMA, PHR, SHRM-CP

Reminder for Georgia CPAs: the mandatory A&A CPE requirement is gone, but we now need four ethics CPE credits, with one specific to Georgia. For accountants, this time of year is already packed with year-end prep, audits, and gearing up for tax season. On top of all that, staying compliant with CPE requirements is non-negotiable - because after all we went through to pass the CPA exam, who’s playing games with their license?! I’m taking the 2024 Real World Ethics Update course from The Georgia Society of CPAs. It’s on-demand, so it fits into even the busiest schedules. GSCPA is also a Georgia State Board of Accountancy (GSBA) approved provider. Here’s the link to easily find GSCPA’s ethics courses: https://lnkd.in/edgW6i33 #AccountingAndAccountants #Learning #Careers #Leadership #ProfessionalDevelopment

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Join CRI's Government and Public Sector advisory team for this live CPE-eligible session focusing on recent developments in state and local governmental accounting and auditing, including: • The Governmental Accounting Standard Board's (GASB) new Statement 102 on risk disclosures • The latest and most notable topics related to Single Audits • The Financial Data Transparent Act (FDTA) and its implications for governments • The accomplishments of the GASB at 40 and what's in store for 2024 Learning Objectives • Understand the new GASB requirements for disclosing risks in notes to financial statements • Recognize changes to the Single Audit and the resulting key challenges • Discern the provisions of the FDTA and how they may affect governments • Learn about the new standards and proposals the GASB has planned for this year Live webinar attendees are eligible for 2 CPE credit hours. For registration information, visit https://cricpa.com/events. #GASB #GovernmentalAccounting #CRIwebinar

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Day 3 of our nonprofit budgeting series! Today, we’re setting financial goals that align with your mission and keep your budget on track. Whether it’s raising funds for a new program or building an emergency reserve, having clear goals makes all the difference. Don’t forget to grab the free Budget Checklist to help guide you! https://lnkd.in/eh8DaCVx #NonprofitGoals #BudgetingTips #MissionDriven #FinancialPlanning #NonprofitFinance”

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Free report to see if your business qualifies for state tax incentives or grants! DM or email me at [email protected] #grants

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On the latest episode of the It Figures Podcast, explore the intricacies of CECL in Community Banks with CRI Partner Doug Mims and Audit Manager Jennifer Wilkerson. Get expert insights and practical strategies for navigating banking compliance and enhancing your financial forecasting. Plus, discover how CECL could reshape your bank’s financial landscape. Tune in now! #CECL #CommunityBanks #CRIPodcast

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I am proud to share that IMA | Institute of Management Accountants is partnering with the Maryland Association of CPAs (MACPA) to bring expanded learning opportunities to CPAs in Maryland and beyond. Together, we’re helping members stay ahead in a rapidly evolving profession, equipped with the latest skills to succeed. Continuous learning is an imperative for all accountants, especially as we navigate similar challenges and lean into collective opportunities to advance the profession. Through this partnership, MACPA members will now have access to IMA’s courses and certifications directly through the MACPA website—covering essential topics like sustainability, data analytics, financial planning, cybersecurity, and more. Learn more: https://lnkd.in/ezGfpubG

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When auditing state and local governments, you might find their financial statements encompass not just their finances but also those of connected, legally separate entities, termed component units. This raises an intriguing question: how should charter schools identified as component units be accurately reported? #FinancialStatements #GovernmentAccounting #CharterSchools

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The U.S. Treasury Department has released the "Green Book," a detailed 256-page document that provides an in-depth look at the Biden Administration's tax proposals for the Fiscal Year 2025. Notably, it includes a fresh proposal aimed at redefining the eligibility criteria for small insurance companies opting for the 831(b) election (microcaptives), effective from 2025. This adjustment could significantly impact the taxability of these entities, shaping the tax landscape for years to come. #Microcaptives #GreenBook #TaxPolicy

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🎆 Happy 4th of July from Pink Harbor CPA! 🇺🇸 Enjoy the fireworks, BBQs, and time with loved ones. Let's celebrate freedom and plan for a bright financial future together! 🎇 #FourthOfJuly #PinkHarborCPA #FinancialFreedom #TaxPreparation #BusinessConsulting

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According to the KPMG American Perspectives survey, 52% of people in Atlanta are optimistic about their personal financial situation in the next year, compared with just 19% who are not. However, this optimism does not extend to the U.S. economy. Nearly 40% of people in Atlanta are not optimistic about the growth prospects for the U.S. economy, compared with 35% who are optimistic. Watch for quick stats & click to learn more: https://ow.ly/Mr7y50SfCvL

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Did you know that the best time to start tax planning is right after tax season ends? Here are the 5 biggest reasons why getting a head start can benefit your business and significantly reduce your tax burden: 1. Maximizing Deductions and Credits Starting tax planning early allows you to take full advantage of all available deductions and credits. Throughout the year, you can strategically plan expenses and investments to ensure they qualify for tax benefits. This proactive approach ensures that nothing is overlooked, and you can maximize your savings. 2. Cash Flow Management Effective tax planning helps in managing cash flow better. By understanding your tax obligations in advance, you can set aside the necessary funds and avoid last-minute scrambles. This forward look allows for more efficient use of your business's resources, leading to better financial stability. 3. Avoiding Penalties and Interest Early tax planning helps in ensuring timely and accurate tax filings. It reduces the risk of errors and omissions that could lead to penalties and interest charges. Being proactive means you have ample time to review and verify all information, minimizing the likelihood of costly mistakes. 4. Strategic Business Decisions Tax planning is not just about reducing your tax burden; it also provides information about strategic business decisions. Knowing your tax position allows you to make informed decisions about investments, acquisitions, and other significant financial moves. This can lead to better growth opportunities and long-term profitability. 5. Peace of Mind Starting your tax planning right after tax season ends provides peace of mind. You avoid the stress and pressure of last-minute preparations and can approach tax season with confidence. This proactive approach allows you to focus on your core business activities without the looming anxiety of tax deadlines. By engaging in year-round tax planning, you not only optimize your tax situation but also position your business for greater financial health and success. Note… Tax planning is typically not a part of your tax preparation service. If you’re interested in discussing our tax planning service, please use the link below to schedule a no-cost consultation https://bit.ly/20-min-chat

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Day 12 of our nonprofit budgeting series! Today, we’re talking about adjusting your budget mid-year. Flexibility is key to staying on track when unexpected changes happen. Download my free Budget Checklist to follow along! #NonprofitBudgeting #Nonprofits #Nonprofit #BudgetAdjustments #FinancialPlanning #NonprofitFinance #BudgetingTips #nonprofitorganization #nonprofitsupport

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Struggling with tax debt? An Offer in Compromise (OIC) could be the solution you’ve been looking for! This program allows eligible taxpayers to settle their tax debt for less than the full amount owed. Let me guide you through the OIC process and help you reduce your tax burden significantly. Don't let tax stress hold you back any longer! Message me to get started today. #TaxRelief #OfferInCompromise #TaxDebtHelp #IRSHelp #FinancialFreedom #TaxPlanning #DebtSolutions #TaxResolution #LinkedInTips

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A significant change is coming for QuickBooks Desktop users, affecting QuickBooks Desktop Pro, Premier, Mac, and Enterprise Solutions v21. All existing Desktop users must upgrade to an annual subscription model before July 31, 2024. Versions from 2021 and earlier, previously sold under a one-time license, will be discontinued and no longer receive updates or support. #QuickBooks #Accounting #SoftwareUpdate

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Unlock the potential of your financial future with Henriquez Accounting! 📈✨ With over 20 years of experience, we specialize in virtual bookkeeping, accounting, and tax preparation services tailored for both individuals and businesses across all 50 states. Our expert controller services ensure your financial reporting is accurate and transparent, helping you understand your financial performance like never before. Partner with us to streamline your processes, enhance compliance, and seize new opportunities for growth. Let us help you increase cash flow and stay financially fit. 💼💵 #HenriquezAccounting #FinancialGrowth #ControllerExcellence

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