Anand Brahmbhatt, CPA

Avoid this common mistake when addressing Technical Accounting matters: The tendency to oversimplify complex accounting matters. Rushing to provide quick answers or applying standard solutions without fully understanding the nuances and specific context can lead to significant errors. Misinterpreting accounting standards and their implications not only risks financial misstatements but also compliance issues that can impact the entire organization. Key Takeaway: Take the time to thoroughly analyze each situation. Delve into the details, consider all relevant guidance, and don’t hesitate to seek expert advice when needed. Accurate and compliant financial reporting is not just a regulatory requirement but a cornerstone of trust and transparency in business. #Accounting #Finance #TechnicalAccounting #FinancialReporting #Compliance #ExpertAdvice #ProfessionalGrowth

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🚨SaaS leaders, heads up: Chicago's tricky 9% PPLT tax return is due August 15th — and it applies to SaaS sales! While Illinois does not tax software, the city of Chicago does, by way of the city’s Personal Property Lease Transaction (PPLT) tax. Complicated? You bet. We've cracked the code at Anrok. We handle everything from tracking each jurisdiction’s exposure to filing returns on time, every time. It's audit-ready compliance, minus the headache. Unsure of your PPLT exposure? Reach out to learn more, and see how Anrok can simplify Chicago tax compliance.

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via cpatrendlines.com: Accounting Hiring Hits Another High: Tax prep is less than half the increase. By Beth Bellor CPA Trendlines Research Go PRO for members-only access to more Beth Bellor. http://dlvr.it/T7DMd3 #Talent #Management #Staffing

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Technology is a game-changer for CPA firms, transforming how you work and serve your clients. Yet, only 9% of accountants feel they fully leverage their technology investments. This new comprehensive PICPA Insights report consolidates expert insights on technology adoption, addressing the key challenges firms face today. Learn how to overcome these hurdles and advance your firm's digital maturity: https://loom.ly/fFheYlc

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Fund tax is complex, especially if you’re new to it. Carta Fund Tax consolidates fund admin and tax, reducing the back-and-forth between players, ultimately saving you time. Our tax dashboard tracks real-time progress of your returns so you know when they're ready to share or file. Our tax experts offer 1:1 support throughout tax season so you can better understand your returns. The LP document center gives investors one place to easily review and retrieve K-1s. Learn more: https://lnkd.in/gmmetjm3

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Is a poorly performing finance department or M&A transition hindering your company’s potential growth? Deploy Strategic Solutions NW’s Back Office Team to get a fully functioning AP and AR team that can rapidly integrate best practices and automation, producing the kind of results that will enable your business to scale: https://lnkd.in/gfaQ_H9f #ERPsolutions #Dynamics365 #backofficeoutsourcing

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CPA Trendlines: How Life Cycle Changes Your Marketing: Startups have different needs than mature businesses, so the messaging must be different. 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/T6kWtZ #CPA #tax #accounting

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CPA Trendlines: How Life Cycle Changes Your Marketing: Startups have different needs than mature businesses, so the messaging must be different. 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/T6kWt2 #CPA #tax #accounting

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❓Question: What’s the difference between a traditional financial statement audit and a PCAOB audit? ✔️ Short answer: A PCAOB audit is conducted under much more rigorous standards than a financial statement audit. They’re broader in scope and are specifically designed to ensure accuracy in the financial reporting of publicly traded companies. Long answer: Dive into this article authored by Grassi's Lou Pizzileo: https://hubs.li/Q02DsTGH0 #GrassiInsights #PCAOB #Audit #Assurance #IPO #SECAccounting #PublicCompany

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Now available on-demand! “Charting the Course: A CFO's Guide to Modern Fund Management in 2024” Hear from Joe Harrington, Partner at PwC US, Dana Van Wie, Partner at PwC US, and Adam Walker, Industry Principal of Fund Solutions at Juniper Square, discuss: ▶ How the role of the CFO and skills required of finance leaders are changing ▶ How technology and innovation are transforming fund operations ▶ The importance of investing and building people-first, data-organized systems  ▶ Assessing and mitigating risks, including cybersecurity threats, operational errors, and human error Link to the recording in the comments.

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In today's fast-paced business environment, efficiency and accuracy are paramount in the financial reporting process. A simple yet powerful tip to achieve this is by establishing clear documentation protocols. By creating standardized templates, checklists, and guidelines for every stage of the reporting process, from data collection to final filing, teams can streamline workflows and minimize errors. Consistent documentation not only ensures compliance with regulatory requirements but also fosters transparency and accountability within the team. It serves as a roadmap, guiding each team member through their responsibilities and ensuring nothing falls through the cracks. Investing time upfront in developing robust documentation protocols can yield significant dividends in terms of efficiency, accuracy, and peace of mind for all involved." #FinancialReporting #Efficiency #Accuracy #DocumentationProtocols

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CPA Trendlines: Jody Grunden: Subscription Pricing Is a Game Changer: Get rid of the noise of hourly billing and create value. The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. http://dlvr.it/T8mggL #CPA #tax #accounting

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Hybrid financing is transforming how SaaS companies grow, combining the benefits of both equity and venture debt. This powerful structure not only accelerates access to capital but also provides strategic flexibility, allowing founders to maintain greater ownership control. Explore how a strategic partnership with River SaaS Capital can streamline your financing needs for continuous growth. https://lnkd.in/gvGUH_gY #EquityFinancing #DebtFinancing #SaaSFounders

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What could you do at tax time if you weren't stuck copying info from your K-1s and pasting into your tax software and pasting again into your xls❓ 🤔 Let your K1 Co-pilot from K1x automate away the worst parts of the job. ✅ Get started now so next tax season is drama-free.

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What could you do at tax time if you weren't stuck copying info from your K-1s and pasting into your tax software and pasting again into your xls❓ 🤔 Let your K1 Co-pilot from K1x automate away the worst parts of the job. ✅ Get started now so next tax season is drama-free.

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via cpatrendlines.com: Accounting Hiring Hits Another High: Tax prep is less than half the increase. By Beth Bellor CPA Trendlines Research Go PRO for members-only access to more Beth Bellor. http://dlvr.it/T6nQSQ #Talent #Management #Staffing

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CPA Trendlines: Jody Grunden: Subscription Pricing Is a Game Changer: Get rid of the noise of hourly billing and create value. The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. http://dlvr.it/T8mgg9 #CPA #tax #accounting

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