Categories
Resources for Accountants

All You Need to Know About Reasonable Compensation for S-Corps [Video]

All You Need to Know About Reasonable Compensation for S-Corps

Reasonable compensation has been an issue for S Corps for many years. To date, there have been numerous debates around what is considered reasonable compensation – as the rules on what is considered fair compensation may differ between states and industries. There is no universal calculation to determine the reasonable compensation for shareholder-employees, and understandably, this issue has confused both companies and individual tax filers for a long time.

At Fusion CPA we strive to help owners of S corporations follow IRS and GAAP guidelines for determining and reporting wages. Our CPAs offer outsourced accounting services, including bookkeeping, payroll, financial planning, and tax preparation.

Get in touch with our team https://calendly.com/video-discovery-calls/zoom-video-discovery-calls?month=2022-11

Watch/Read More
Categories
Resources for Accountants

Accounting for the future [Video]

How do we use financial data to tell the story of a particular organization? Start with an accountant. Finance and accounting can vet the financial and business information to help stakeholders gain peace of mind that the organization is telling an accurate story. Everything that happens operationally in an organization has a financial impact. #Accounting #Finance #Business #CPA #CGMA #CFO

Categories
Resources for Accountants

A&A Update with Brad Muniz - 5/3/22 | IssuesWatch Podcast [Video]

This episode covers changes to employee benefit plan audits, FASB’s proposed updates to reference rate reform guidance, important ERC accounting guidelines and PCAOB, SEC and U.S. DOL updates.*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***Additional resources:• FASB Proposes Updates to Reference Rate Reform Guidance - https://www.fasb.org/page/getarticle?uid=fasb_Media_Advisory_04-20-22• SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA - https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/sas-136.pdf• PCAOB proposed requirements for accounting estimates and using specialists - https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-requests-comment-on-impact-of-auditing-requirements-related-to-estimates-and-specialists • U.S. Department of Labor: Compliance Assistance Release No. 2022-01 - 401(k) Plan Investments in “Cryptocurrencies” - https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/plan-administration-and-compliance/compliance-assistance-releases/2022-01.pdf• SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to Special Purpose Acquisition Companies, Shell Companies, and Projections- https://www.sec.gov/news/press-release/2022-56#IssuesWatch #podcast #accounting #audit #auditing #erisa #employeebenefitplans #ebpaudits #fasb #aicpa #pcaob #sec #spacs========================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPth SUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS - https://www.youtube.com/c/njcpa?sub_confirmation=1LET'S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa

Categories
Resources for Accountants

5 Best Sports Betting Apps ★ 2022 | Online Sports Betting Tips [Video]

Discover the best 5 sports betting sites and apps. Here’re our picks for the 5 best sports betting sites, apps and sportbooks: 1. Bovada (bonus: $750): https://record.revenuenetwork.com/_4FiJyM5mQu397H-d5Ks7MGNd7ZgqdRLk/1/ 2. BetUS (Bonus: up to $2500): https://record.revmasters.com/_GDJId2cL3emhvo5nC3tZQ2Nd7ZgqdRLk/1/ 3. XBet (Bonus: up to $500): https://record.webpartners.co/_pI3eS84syUppj9fKdCJ9umNd7ZgqdRLk/1/ 4. BUSR (Bonus: up to $1000): https://record.webpartners.co/_pI3eS84syUrYGgllr3Vm5GNd7ZgqdRLk/1/ 5. MyBookie (Bonus: double first deposit): https://record.webpartners.co/_pI3eS84syUo-tw2NZ2I77WNd7ZgqdRLk/1/One of the most critical factors in sports betting success is finding the right sportsbook to bet at. Problem is, there are so many of them. It’s easy to lose time scanning the net for sports betting sites, time which could be better spent winning a few bucks on tonight’s game. Now, to help you quickly find the betting site best suited to your needs, we have tried and evaluated dozens of sites to come up with a list of 5 top sports betting sites. The above are our picks for the 5 best sports betting sites, apps, and sportsbooks. Note that we may earn a small commission from some of the links at no additional cost to you to help support this channel.

Categories
Resources for Accountants

IFRS CPE Courses [Video]

Check out our IFRS CPE at - https://www.cpethink.com/ifrs-cpe-for-cpasToday, we're going to go over the IFRS CPE courses for CPAs course list on CPE think.com. IFRS, which stands for International Financial Reporting Standards refers to a set f International Accounting Standards in a global economy that US companies sometimes need to be aware of and how they compare to GAAP. We have 16 courses that deal with IFRS issues. We have comparison courses, business combination of several that we have a series here of seven courses that a lot of people have a lot of positive feedback on. We've got a comparison course here real short one, US GAAP versus IFRS new guidelines, new lease accounting standards and how that applies or how IFRS fits into that. And then US GAAP and IFRS revenue recognition and business combinations. Any questions? Click the chat bubble down in the lower right. Let us know. To Contact Us please go to https://www.cpethink.com/contact-us or just open a chat on any page on our site.