Ben Bailey, CPA

This article from Accounting Today is a premium article so you will need a subscription to read but the long and short of the article is PE buyouts of CPA firms. While Barry Melancon indicates that only 5% of the AICPA firm membership (44k total firms) will potentially be impacted, those 5% represent a far larger percent of organizations under audit. I don't have a clue where all this is going - but I do see one pattern....potentially too many CPAs in practice are only after the almighty buck....and my question would be - is that where we want the CPA profession to go? https://lnkd.in/gk4giUkC

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Change is inevitable, but costly mistakes are not. With 69% of change projects resulting in wasted resources, it's crucial to have a strategic plan in place. At Eide Bailly, we help organizations thrive by mitigating risks and maximizing the benefits of change. #Efficiency #StrategicPlanning

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Successful transactions start with thorough due diligence. Eide Bailly's guide covers everything from QofE analysis to assessing acquisition risks. Equip yourself with the knowledge you need to navigate complex deals. Download the guide now! #DueDiligence #BusinessTransactions

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Hey accounting friends! June is a month of tolerance and acceptance. As we wrap this month filled with many important observances and celebrations, I am reminded of the fundamental values that bind us all together: tolerance and kindness. In our fast-paced and diverse world, it’s essential to remember that each person we encounter is a fellow human being deserving of respect and empathy. Our differences, whether they be cultural, social, or personal, enrich our communities and broaden our perspectives. By embracing tolerance, we create an environment where everyone feels valued and heard. By practicing kindness, we spread positivity and support those around us. Let’s continue to foster a culture where understanding and compassion are at the forefront of our interactions. Together, we can make a meaningful difference in each other's lives, creating a more inclusive and supportive world. Kindness always wins. It is the greatest gift you can give others and, more importantly, yourself! #accountingandaccountants #accounting #smallbusiness #bookkeeping #smallbusinessowner

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🎵🗓️𝐋𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞 𝐰𝐞 𝐦𝐚𝐝𝐞 𝐢𝐭…🗓️🎵 Shoutout to all my audit and tax colleagues who’ve been working tirelessly to meet the October 15th deadline. You absolutely crushed it! And if your project didn’t quite make it across the finish line because of unresponsive clients—remember… It’s not your fault. #Deadline #IRS #PublicAccounting #Audit #Tax

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📢 Attention Washington State Taxpayers! If your business generated apportionable income in 2023, don’t forget that the deadline to file your Annual Reconciliation of Apportionable Income is fast approaching—October 31, 2024! 📅 Understanding the nuances of the Washington State Business and Occupation (B&O) tax is crucial for compliance and can save you from hefty penalties. The B&O tax varies depending on your classification, whether it's for retailing, wholesaling or services. 👉 Check out our article to learn more: https://ow.ly/FrHc30sGwEz #Seattle #WA #TaxCompliance

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You’re not too late… You can still join me tomorrow, Wednesday, September 18 at 12 ET/11 CT/10 MT/9 PT. You’ll learn how your close process can influence the reputation and readiness of your accounting organization. We’ll dive into real-live examples to show how your accounting organization can use the CloseStrong framework to: ⭐find opportunities for efficiency with or without the need for technology ⭐improve their capacity for strategic activities, and ⭐thrive as a team known for its excellence. And, we’ll dispel myths such as: ⛔We don’t have the right team members to close faster ⛔We have to sacrifice quality for efficiency ⛔We can’t improve the close due to our team’s workload ⛔We have to prioritize other deadlines over the close Register here:  https://lnkd.in/enTK4t73 See you on the webinar! #closestrong #accountingbestpractices #cpe #accountingexcellence #outsourcedaccounting #corporateaccounting #clientaccounting

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New FASB update! ASU 2024-01 offers clarified guidance on profits interest application under ASC 718, complete with practical examples. Dive into the details! #FASBUpdate #AccountingStandards #ProfitsInterest #LBMC

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