Dan Erling

Unlocking funding opportunities can transform dreams into reality. 💡✨ At Eloquence Solutions LLC, we specialize in grant management services tailored to your needs. From navigating complex applications to maximizing funding utilization, we're here to support your vision every step of the way. Let's turn your aspirations into achievements together! 💼💰 #GrantManagement #Funding #Impact

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🎆Fourth of July week and it’s been a hot summer here in Central Florida. What’s hot in CPAland? Recruiting and retaining talent – shocker. ⚡ The AICPA's recent PCPS CPA Firm Top Issues Survey, unveiled at ENGAGE 2024, highlighted that finding qualified staff remains the most pressing concern for accounting firms, excluding sole practitioners. Firms with 2 or more employees overwhelmingly cited staffing challenges as their top issue 👥. This concern extends beyond recruitment, with larger firms (11-20 professionals and 21+ professionals) also emphasizing the importance of retaining qualified staff 🔄. Sole practitioners, on the other hand, are primarily focused on navigating the complexities of the U.S. tax code 📚. Challenges with the IRS emerged as another significant issue for firms with fewer than 21 professionals 🏛️. Additionally, smaller to mid-sized firms are increasingly concerned with developing the next generation of leaders and addressing the aging of current partners 👨‍💼👩‍💼. This one is a seminar all unto itself between recruiting, retention, succession planning, M&A and private equity. 😖 The survey also highlighted the growing importance of technology in addressing these staffing challenges 💻. Firms that leverage technology effectively can provide higher value services and attract innovative professionals 🌟. As the accounting industry adapts to these challenges, the study encourages CPA firms to invest in both technological advancements and leadership development to remain competitive and meet future demands 🚀 #CPAFirms #TalentAcquisition #warfortalent #cpacareers

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As GRF CPAs & Advisors continues its successful future, it is vital that we learn from the past. The best way to do so is to hear it from the three that started it all 40+years ago - Michael Gelman, Jerry Rosenberg, and Michael Freedman.  Had the pleasure of interviewing them together today! Follow us to learn more! #grfcpa #accounting #nonprofits #cpa #workplaceculture

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Bloomberg Tax , #PracticeForward is more than a service or tool that Thomson Reuters - US Tax & Accounting sells. It’s a belief system that addresses the crisis your most recent article covered, head on. At Accountability Services PLLC we are leveraging it to reimagine how our practice will grow, how our teams will thrive, and how we will continue to deliver the A+ experience that our clients are looking for.

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On the latest episode of the It Figures Podcast, explore the intricacies of CECL in Community Banks with CRI Partner Doug Mims and Audit Manager Jennifer Wilkerson. Get expert insights and practical strategies for navigating banking compliance and enhancing your financial forecasting. Plus, discover how CECL could reshape your bank’s financial landscape. Tune in now! #CECL #CommunityBanks #CRIPodcast

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🚨 Calling all business owners! 🚨 As of January 1, 2024, the Corporate Transparency Act (CTA) is in full swing. This is a new era of transparency for corporations and LLCs formed in 2024 and beyond. This is what you need to know: 🚨 Some entities are exempt, including large businesses and non-profits. 🚨 Beneficial owners must report within 90 days of formation. 🚨 File your report on the Beneficial Ownership Secure System (BOSS). 🚨 Include full legal names, birthdates, addresses, and unique identifying numbers. Remember, the BOSS report is separate from state and local filings, so be sure to stay on top of your obligations to avoid paying penalties! If you have questions, please reach out! We can help you navigate what this means for your business. Call us at 818-436-2775. Related Topics: business planning business finances CPA accountant accounting services tax planning #incometax #smallbusinessgrowth #businessownership #taxreturn #wealthbuilding #wealthmanagement #buildwealth #buildingwealth #moneytips #moneymatters

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Partner Spotlight: WG Consulting - Growing Your Business Through Finance Transformation 🔍 Black Owl Lease Accounting are pleased to feature WG Consulting, LLC, a partner dedicated to helping businesses achieve sustainable success through financial transformation. We have been working with WG for well over a year and they have gone beyond just introducing us to their clients but have become trusted business partners and advisors. They do this for their clients as well going beyond just finding solutions; they build long-term frameworks for growth. Their focus is on collaboration and shared ideas, empowering companies to: - Overcome complex accounting challenges - Seize opportunities for growth and transformation - Achieve their business goals Here's what makes WG Consulting a valuable partner: - Industry Expertise: Their team brings a wealth of knowledge to the table, ensuring solutions are tailored to clients’ specific needs. - Strategic Insights: They don't just react to problems; they proactively identify opportunities to propel you forward. - Proven Methodologies: Backed by a solid track record, their approach is designed for maximum impact. Looking to grow your business? WG Consulting can be your trusted advisor on the path to financial transformation and long-term success. Visit their website to learn more about their services Let's continue to focus on sharing ideas and empowering businesses to reach their full potential! #financialtransformation #businessgrowth #partnership #WGconsulting Brent Price Tracy Tyler

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Wondering if you're able to claim a refund for the recently repealed Tennessee Franchise Tax? Here are the details on how to file, who is eligible, timing and more. #FranchiseTax #TaxRefund

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Practice Forward is undeniably the key that unlocked our ability to strategically pivot towards advisory services and take those early, first steps to develop a more predictive and prescriptive approach to helping our clients. All firms that have been living in a commoditized, reactive, and descriptive environment should pivot and look towards an advisory centric business model. It’s not too late.

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ICYMI: Senate Bill 2103, was signed by Governor Bill Lee on May 10, 2024, and is now officially law. These updates represent a significant shift in Tennessee's tax policy, aiming to streamline the process and potentially reduce tax liabilities for many businesses. Stay informed and consider consulting with your tax advisors to understand how these changes may benefit your business. #TaxUpdate #TennesseeBusiness #FranchiseTax #LBMC

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Join us next week to learn more about the latest updates with the Investment Tax Credit for renewable construction. Bring your questions and share your challenges!

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By embracing these strategies, you can address your firm's talent challenges head-on and create a more satisfied, engaged and productive workforce. The key to success lies in recognizing the value of each team member's contributions, regardless of their title or credentials, and ensuring everyone is positioned to do the work that best aligns with their skills and interests. By doing so, you can help overcome your current talent challenges and build a stronger, more resilient foundation for the future. Learn more from Jim Boomer here: https://boomer.link/frh #cpa #accounting

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📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/OXZv50Sxwx9 #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

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📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/32vt50SAIPF #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

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Are you a small family-owned business like us? Follow my business page, FOCUS Accounting & Business Solutions LLC, for reliable accounting support, key tax deadlines, and for a personalized experience! #SmallBusiness #FamilyOwned #Accounting

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