Katelynn Minott, CPA

Calling all #accounting pros! We want to hear your thoughts and insights on the future of #payroll? As part of our Florida Atlantic University Venture Program, we're interviewing local accountants about their experiences & thoughts on the payroll services industry. ️ We even have some suggested questions/topics to spark the conversation! This is your chance to be heard & help shape the industry! Pick your conversation date/time: https://lnkd.in/e-RW4ru8 ​ #localbusiness #interview 

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Audits, Reviews And Compilations of Financial Statements Our audit department at Gutierrez Madariaga, CPA P.A., follows the notion that one must understand their industry. Understanding the operations of the client is key to the success of any audit, whether it is a nonprofit, governmental, or for-profit organization. The firm’s audit practice has been subject to the AICPA’s mandatory Peer Review every 3 years and has received unqualified (clean) opinions on all occasions. The firm also provides other assurance services such as compliance auditing, reviews, and compilations. Communication with the client is the most important part of any audit. At the beginning stages and during the audit, we meet with the client to discuss all significant matters. At the completion of the audit, our firm will make a presentation to the Board of Directors or Owners to explain the results, and inform management of any findings and ways to improve. The stages of all audits include: I) Planning II) Fieldwork III) Reporting and Presentation We take into account various risks when performing a risk assessment that may include identifying the following: Strategic Risk - Operational Risk - Compliance Risk - Fraud Risk - Financial Statement Risk - Market Risk - Credit Risk When our firm provides a presentation, we understand that some management or Board members may not necessarily be trained in accounting or finance. Therefore, we deliver the presentation understandable to the audience.

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Sydney (LMR Senior Accountant on right) recently had the opportunity to speak to accounting students at the J. Oliva Huot Technical Center in Laconia. In partnership with the New Hampshire Society of Certified Public Accountants (NHSCPA), Sydney and other young accounting professionals are taking part in a state-wide initiative to help students understand more about career paths within the accounting field. #careerexploration #findyourfit #thankyou #accountant #CPA

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🚨 Attention CPA's & Tax Pro's - Join us for a Joint Committee Meeting! 🚨 On September 24, 2024, at 9:00 am EST, the C-Corporations and Closely Held and S-Corporations Committees of the NYCPA - The New York State Society of CPAs are hosting a Zoom meeting to discuss important updates impacting businesses. In my role as C-Corporation committee chair, I'm excited to collaborate with my esteemed colleague Robert S Barnett - Chair of the Closely Held and S-Corporation Committee. 📌 Topics Include: BOI - FAQ Updates: The latest clarifications on beneficial ownership reporting, ensuring compliance with new guidelines and clarifications provided by FinCen. Connelly vs United States: A crucial case affecting share valuation in estate tax calculations for closely held corporations. NJ Corporate Transit Fee: Insights on New Jersey's new surtax and its potential impacts on businesses. This session is packed with valuable insights, and we'd love to see you there! 🔗 Join via Zoom (Details in the flyer) #TaxCompliance #CorporateTax #EstateTax #NYSCPA #NYSSCPA

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How to effectively retain accounting talent in 2024 ⬇️ Research from the Pennsylvania Institute of Certified Public Accountants (PICPA) indicates a rising need for nuanced retention strategies. After surveying both current and former CPAs and other accounting professionals, researchers found: - It's not just about the money 💵: Employees tended to depart from their roles due to a combination of factors including work-life balance, benefits, and recognition from management. - Many professionals are here to stay 🤝: Plenty of the professionals that were surveyed wanted to stay in their profession and with their employer. - Compensation and workload management are key 📍: Professionals want more flexibility over location and working hours. Read the full article here: https://buff.ly/4bj2IJl #compensation #CFO #accounting

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Lauren Amaral, CPA writes: - With the implementation and proper monitoring of internal controls, an organization decreases the opportunity for fraudulent activity and minimize the risk of errors. Segregation of duties is one of these crucial internal controls. How can you effectively implement this control? Learn more in our latest blog: https://lnkd.in/en7mUPMM #FinancialSecurity #InternalControls #SegregationOfDuties

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👔🧮 Curious how can we best teach CPA enabling competencies to future accountants? This forthcoming structured literature review highlights effective strategies like business cases, group work, and experiential learning. Read more about how to best ways to foster CPA enabling competencies: 👉 https://lnkd.in/eCcQF-tK Author: Dr. Sanobar Siddiqui , CMA (U.S.A) (University of Regina)  #CPA #AccountingEducation #TeachingStrategies

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via cpatrendlines.com: Seven Enticements to Keep Talent On Board: Time is a concern, and so is performance. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/T76X0h #Talent #Management #Staffing

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As more CPA firms merge with larger companies, new challenges and opportunities emerge. The challenges: the risk of conflicts of interest. Firms need to figure out what happens when merging with a firm they once competed with. How are they going to maintain neutrality? The opportunities: bigger client base and access to more resources, which help firms grow. Bigger structures allow: - operational benefits, - increased team efficiency, - getting the experts to focus more on client work, - ability to handle more complex matters without outsourcing However, as this growth unfolds, firms will still need to figure out how to maintain the personal touch and trust that clients expect. The industry is evolving, and it will be fascinating to see how firms navigate these challenges and opportunities in the coming years. Do you agree? What other challenges or opportunities do you see ahead for the industry? #taxadvice #taxprofessional #taxadvisor

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📣 The 20-20 Services' 2025 Open Enrollment schedule of classes is now available! Click this link and be among the first to review our #Audit #Tax and #CAAS course offerings: https://lnkd.in/eszNUfhd The best discounts for our open enrollment sessions are going on now. New this year is our first come, first served discount opportunities. To check to see which discount is in effect, click here: https://lnkd.in/ebzBhqpT Our first 100 seats sold will receive a 20% discount, the next 50 will receive a 15% discount, and the next 50 will be discounted by 10%. Ready to purchase your firm's seats, simply complete this form: https://lnkd.in/ebzBhqpT And let us know how many seats you'd like to purchase. That's it! You can provide the student details and which session they'll attend at a later date. Visit our newly updated website at: www.20-20services.com to review the course details for all of our open enrollment programs. #cpe #cpa #publicaccounting #tax #audit #caas #zoom #virtualteaching

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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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Cornerstone: Accountants Employment and Wage Analysis Outlook: New Cornerstone Study: Profession on course for steady growth in both employment and wages through 2031. CPA Trendlines Research Cornerstone Study Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TBM5BS #Talent #Management #Staffing

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via cpatrendlines.com: Is Tech Causing Both CPA Shortage and Low Salaries?: There’s a paradox going on. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/T9qTtN #Talent #Management #Staffing

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With 2025 on the horizon, tax planning depends on the right accounting methods and periods. Leveraging cash or accrual methods, along with understanding new tax legislation, can reduce taxable income and improve cash flow. Read this article to inform your strategic planning ➡️ https://okt.to/aTML9W #TaxPlanning #legislation #taxes

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Pause to Praise the Tax Pro Volunteers: They prepared 9.3 percent more returns this year. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TB9rtX #CPA #tax #accounting

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