Robert Steinhardt, CPA, MTX

CPA Trendlines: Main Street Accountants See Turbulence Ahead for Small Business: The Avalara Accountants Confidence Report points to difficulties. Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TF1jJT #CPA #tax #accounting

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CPA Trendlines: Main Street Accountants See Turbulence Ahead for Small Business: The Avalara Accountants Confidence Report points to difficulties. Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TF1jJg #CPA #tax #accounting

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CPA Evolution has created confusion. Do you have 18, 30 or 36 months to pass the CPA exam? You asked. Amber Setter, PCC answers. Jump over to CalCPA’s YouTube channel to learn all about the credit extensions and changes to the credit periods. https://lnkd.in/gx-k5HN5

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CPA: three life-altering letters. Check out this article about how the CPA license sets you apart and on a different career path. https://lnkd.in/es9Xi9Hq

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#Accountants - check out CAMICO's CPA Risk Management Tip on The Dos and Don'ts of Disengaging. Topics Include: ➡ Start with verbal communication ➡Disengage in writing & information to include ➡Encourage retaining a new CPA ASAP ➡Cooperation with successor ➡Disposition of all client records ➡Consider sending your letter to multiple parties ➡Be professional, not emotional https://lnkd.in/gqgbmjkQ #ascpa #aicpa #cpa #riskmanagement

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The April Public Policy and Technical Alert highlights recent public policy and accounting updates, including a reconstituted task force from the Financial Accounting Standards Board, the AICPA 's innovative program to ease the attainment of CPA education, and more. Take a look: https://bit.ly/3WsI9pu

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📢 Important Update: The #IRS has released a revised draft of Federal #Form6765 for the #RDTaxCredit, effective for tax years 2024 and beyond. These changes ease reporting requirements for small businesses and modify the new form to reduce record-keeping burdens. Stay informed on how these updates impact your clients' tax filings. Read the full blog on our website at the link below. #TaxUpdate

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Three More Strategies for Growing Your Practice: Show people what they stand to lose without your expertise. By August J. Aquila Price It Right: How to Value Accounting Services Go PRO for members-only access to more August J. Aquila. http://dlvr.it/T9W4Dc #CPA #tax #accounting

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On August 29, 2024, the Internal Revenue Service (IRS) and Department of the Treasury (Treasury) released Rev. Proc. 2024-34 providing welcome relief to taxpayers with short tax years seeking to file automatic accounting method changes related to their Section 174 specified research and experimental (SRE) expenditures. Procedural guidance related to the treatment of Section 174 SRE expenditures that was released earlier this year had waived the five-year limitation on successive automatic accounting method changes for the same item for accounting method changes made within the first or second tax years following December 31, 2021, but such waiver did not take into consideration taxpayers seeking to file a successive change related to their treatment of Section 174 SRE expenditures that experienced one or more short tax years during that time. Such taxpayers would have in fact been precluded from filing a change on their third or even later short tax year return if they had previously filed an accounting method change related to their treatment of Section 174 SRE expenditures because of the limited waiver of the five-year limitation to just the “first or second taxable year following December 31, 2021.” Rev. Proc. 2024-34 resolves this issue for these taxpayers by modifying the waiver of the five-year limitation to “any taxable year beginning in 2022 or 2023,” providing the same flexibility to file successive automatic accounting method changes related to Section 174 SRE expenditures that was previously provided to taxpayers that had not experienced short tax years. #Tax https://lnkd.in/eXfqYwYt

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CPA Trendlines: Digitize Clients for Standardization: Don't lose your shirt over standardization. By Jody Padar Radical Pricing – By The Radical CPA Go PRO for members-only access to more Jody Padar. http://dlvr.it/T93Pjs #CPA #tax #accounting

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