Tom Kremer

Join CRI Partners April Shuping, Sandi Guy, and Matthew Montemayor as they explore the AICPA’s innovative approaches to supporting aspiring CPAs on their certification journey. Discover how the AICPA is reimagining resources to help future accountants achieve their goals while maintaining work-life balance. Plus, get practical tips on contributing to a positive office culture, ensuring new CPAs can thrive both professionally and personally. #CRIPodcast #AICPA #ProfessionalGrowth

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With Election Day right around the corner, employers must understand their role in supporting employees’ right to vote. While federal law doesn’t mandate voting leave, 31 states and D.C. have regulations that require employers to provide sufficient time for employees to cast their ballots. Make sure you’re up to date on your state’s requirements to ensure compliance and support your team’s right to participate in the democratic process. #VotingRights #WorkplaceCompliance #ElectionDay

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My report on peer review MFCs specific to NFP entities has just been posted and is available for download for all CPEA members. In this report, we cover common MFCs that are specific to NFP entities and practical tips to make sure you don't make the same mistakes. If you are a CPEA member with an NFP practice, I would highly recommend downloading the report. https://lnkd.in/e7W-qkVA

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How did we score on Vault’s annual ranking of top 25 accounting firms? Read here to learn about the 16 “Quality of Life” categories where we ranked in the top five for 2025. #culture #vaultrankings #PlanteMoran

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Always interesting to talk with Maura Webber Sadovi about accounting standards and topics. These new disclosures will provide a lot of information, but getting the data together may be more difficult than first glance - its going to take multiple departments working together. Might be an accounting disclosure, but the data will span the full company... Check out the story!

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After the recent AICPA Council meeting, Erik Asgeirsson, President & CEO of CPA.com, had an insightful chat with Barry Melancon, AICPA President and CEO, about the rapidly evolving landscape of the accounting profession. As the midpoint of the year approaches and the AICPA & CIMA ENGAGE conference nears, here are some key takeaways from the discussion: 🔑 The transformative role of technology in accounting and finance is undeniable. 🔑 Firms should explore strategies to adopt as they look toward the remainder of 2024 and beyond. Get the full details here 👇 #Accounting #Tech #Innovation https://lnkd.in/e2dsEu2D

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Big 4 firms don't hold the same pull they used to and the public accounting profession has become more commoditized. Increased regulations have forced firms to be more conservative to avoid lawsuits. Competition has become more fierce with "Tier 1" firms receiving Private Equity investments and other management consulting shops are adding/offering service lines that the Big 4 offers while paying their employees more due to having less overhead. Our team has also had conversations with Big 4 Partners saying staff/seniors aren't learning at the same clips prior to COVID due to lack of onsite collaboration and working from home. That is why KPMG delayed promotions to make senior at 3 years instead of 2. Firms are needing to get creative and it'll be interesting to see what the public accounting profession will look like in the next decade!

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Looking to implement lean manufacturing? Eide Bailly's latest article breaks down the key principles and real-world examples of successful lean transformations. Let our experienced advisors guide your business through sustainable change. #LeanManufacturing #SustainablePractices

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Eileen Sherr, AICPA's Director of Tax Policy & Advocacy, is at the forefront of simplifying tax regulations. Last week, the AICPA submitted recommendations to the U.S. Treasury and IRS to clarify the tax classification of purpose trusts. These recommendations aim to streamline filing processes, reduce administrative burdens, and provide clarity to taxpayers and practitioners. 🔍 How should purpose trusts be taxed? #TaxPolicy #AICPA #IRS #TaxClassification #PurposeTrusts #TaxRegulations #TaxSimplification #TaxCompliance #IRSRecommendations #TaxReform #CPA #PublicAccounting Taylor Hawkes

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We found that 95% of executives believe internal audit should join strategic decision meetings with leadership. Is this a best practice within your organization? View more results here in Sikich's Strategic Role of Internal Audit 2024 Report.

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🌐Think of use tax like software updates: essential but easy to overlook.🌐 As businesses expand across states, multi-state compliance can get tricky, and use tax is often misunderstood. Many businesses assume that only sales tax applies to transactions. However, use tax plays a critical role in ensuring that all taxable purchases are taxed appropriately, even when sales tax isn’t charged at the point of sale. In my latest blog, I unpack the essentials of use tax for businesses and share common mistakes to avoid. This guide will help you stay compliant and avoid surprises as you grow. #UseTax #TaxCompliance #SaaS #TechFinance

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Great read on The Hill discussing the importance of restoring first-year expensing of research and development investments. Highlighting that this effort is critical to our nation's long-term economic competitiveness and ability to win the future in a world where positive results are defined by technology and innovation. #researchanddevelopment #startup #tech #innovation #TheHill

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It’s not uncommon for companies to have their financial statements prepared externally. The AICPA has just issued an exposure draft to better cover this area when your financials are done externally. For those companies who perform those services, heads up. If you are considering contracting a service to do your financial statements, then you may want to review this before contracting?As C-Suite Support, we do several members financial statements, as well as provide accounting services depending on the client’s needs. Paul Whitley Taber Wetz Chris Gauvin Jayson Potts, MBA C-Suite Support

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New FASB amendments bring changes to disclosure requirements, impacting both public and private entities. Key updates include enhanced disclosures on cash flows, debt, and equity. Prepare for these changes to stay compliant and informed. Contact Eide Bailly for guidance! #DisclosureUpdates #FASB #GAAP

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