Accounting for Tomorrow
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Accounting for Tomorrow is an accounting and advisory services podcast for community leaders with a passion for change, who are ready to look past the numbers and ensure that today's planning efforts create success for tomorrow.
Accounting for Tomorrow
2w ago
In this episode we welcome our guest, Gina Vinci, Controller at McMillen, a leading engineering and construction firm. Gina helps give a greater understanding surrounding the complexities of managing cash inflows and outflows effectively, the importance of leveraging banking relationships, and the critical role of forecasting to help in meeting organizational goals. Discover practical tips for mastering cash flow management in diverse business landscapes.
Key Highlights:
01:38 – What cashflow management means from a controller’s perspective
02:14 – How receivables (AR) and payables (AP) impac ..read more
Accounting for Tomorrow
1M ago
In this episode, we’ve invited guest speaker, Todd Ames, Partner at Harris Twin Falls to give us more insight on the value of extending your return. Learn about important tax deadlines, the benefits of extending your return, and strategies to maximize tax savings during the extension period. Discover how proactive planning can translate into tax savings when it comes time to file.
Show Notes:
02:06 - Understanding Tax Deadlines and Dates
05:16 - The Importance of Extending Your Return
06:51 - Maximizing Tax Savings with Strategic Planning
10:33 – Retirement Contribution Timing Opportunities
1 ..read more
Accounting for Tomorrow
2M ago
Have you considered taking advantage of the Research & Development (R&D) Tax Credit as part of your tax minimization strategy? Many companies are surprised to learn that activities they already do to improve their product or service will qualify for this credit, and the savings potential can be immense. In this episode, we sit down with Smith Miller, the founder of Strategic Tax Solutions, to talk all things R&D. We'll explore the history behind the R&D tax credit, identify those that qualify and how it is calculated, as well as an update on the current status of legislation on ..read more
Accounting for Tomorrow
2M ago
As the tax laws become more complex and the IRS continues to delay the finalization of forms, it is becoming increasingly necessary for CPAs to file extensions for their clients, but there are other very important aspects to consider as the deadlines approach. In this episode, Josh Tyree and Robert Shappee walk us through a few additional reasons why it can be more valuable, and often save you money in the end, to extend your tax return ..read more
Accounting for Tomorrow
2M ago
As we approach year end, now is the time for individuals to review their 2022 and 2023 tax situations and take action. In this episode, we’ll chat about some of our suggestions for individuals to consider:
1:23 - Effective tax rate and marginal tax rate
4:35 - Strategies for large capital gains (deferral and installment sale)
5:13 - Types of income and timing considerations (ordinary vs. capital gain income and losses)
6:58 - Rental properties and losses
10:22 - Itemized deductions, the ABE election
11:15 - Charitable giving through a donor advised funds
12:55 - Installment Sales
15:11 - Stra ..read more
Accounting for Tomorrow
2M ago
Year-end planning with our clients is in full swing and we are now setting our sights to the upcoming year. In this episode, we reflect on our top tips on how you can be a client your CPA will love working with. While the concepts might seem simple, we'll peel back the curtain and explain how each of these tips can lead to a more valuable relationship with your CPA, and why that is important ..read more
Accounting for Tomorrow
2M ago
Introducing Harris CPAs latest venture…. a podcast! Learn more about our hosts, Josh Tyree and Robert Shappee of Harris CPAs. In this episode, we'll dive into the current state of the accounting industry and from our perspective, the biggest challenges that we are facing. From adapting to remote environments and talent shortages, to the changes our clients have seen in their own businesses ..read more
Accounting for Tomorrow
2M ago
In this episode of 'Accounting for Tomorrow', host Josh Tyree is joined by Conrad Ball, the Southern Idaho regional president for Washington Trust Bank. Together, they provide a recap of the annual Harris CPAs Economic Update where Steve Scranton, the Chief Investment Officer and Chief Economist, shared insights and outlooks for 2024. They discussed job growth, income trends, personal spending, borrowing rates, inflation, and preparing for future economic challenges. This insightful discussion offers valuable information for community leaders and business owners looking to navigate the ever-ch ..read more
Accounting for Tomorrow
2M ago
In this episode we welcome the new CEO of the Boise Metro Chamber of Commerce, Bobbi-Jo Meuleman. With extensive experience in state government, Bobbi-Jo discusses the opportunities she sees this legislative session, and the opportunities with the Idaho Launch Program. We’ll hear more about the Chamber’s networking opportunities and how Leadership Boise is bringing young professionals together across industries, then dive into the Chamber’s plans for 2024 to help address transportation, housing, and other issues in the Treasure Valley.
Show notes:
• 02:22 – Bobbi-Jo’s journey to the chamber ..read more
Accounting for Tomorrow
2M ago
In this episode of Accounting for Tomorrow we dive into the world of tax planning for businesses at year end. Our guests, Cheryl and David, partners at Harris CPAs, share valuable insights on various tax-related topics that businesses need to consider for 2023, including employee retention credits, the inflation reduction act and its impact on tax credits, including energy efficiency and research and development expenses. Join us as we navigate through these key tax planning considerations and many others, to help businesses stay informed and make sound decisions on key ways to minimize their ..read more