Trending Articles

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Groceries vs. restaurant food: Digging into the sales tax differences

TaxConnex

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Wrong. Sales tax applies to food in nothing short of a cornucopia of varying ways depending on where you buy it and whether its groceries or prepared (and, in some case, where you eat the prepared food or it youve added certain foods to it).

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Inside the 2025 Top 100 Firms

Accounting Today

A look at the numbers behind the biggest firms in accounting this year.

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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e

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Own Your Cap Table, Own Your Startup’s Future

BurklandAssociates

Raising funds? Hiring top talent? Your cap table matters more than you think. The post Own Your Cap Table, Own Your Startups Future appeared first on Burkland.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Square sales tax simplified: What you need to know

TaxConnex

The explosion of eCommerce has created a plethora of tools, resources and middlemen to help your company sell online. Some are household-name marketplace facilitators like Amazon. Others are potentially useful valuable back-office providers, like Square. Square is a point-of-sale (POS) system for merchants, either brick-and-mortar or online, to accept card payments and streamline other business operations.

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BOI reporting will not be enforced

Accounting Today

Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses for now, at least.

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Treasury Announces Suspension of BOI Reporting

RogerRossmeisl

As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e

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2025 ProAdvisor Awards 'Voting' is Underway

Insightful Accountant

Voting for both the U.S. and International ProAdvisor Awards is currently underway.

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N.J. Accounting Professor Sentenced to Prison For Tax Evasion

CPA Practice

Gordian A. Ndubizu was sentenced to two years in prison after being convicted on Aug. 15 of four counts of tax evasion and four counts of filing false tax returns in tax years 2014 through 2017.

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Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?

Patriot Software

When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule. Eager to learn more about the throwback rule?

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Intuit Names Simon Williams as new Accountant Segment Leader

Insightful Accountant

Intuit has officially announced that Simon Williams will assume the role of Vice President of the Accountant Segment within their Global Business Solution Group.

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Withum Earns Accolades for Recruitment and Internship Excellence

Withum

Withum is proud to announce that it has received a RippleMatch Campus Forward Award in Recruitment Strategies and Internship Programming. This recognition highlights the Firm’s commitment to attracting and developing new talent through early career recruitment with the internship program and Tour de Withum experience. The RippleMatch Campus Forward Awards reflects excellence in commitment to unwavering investment in innovative and multifaceted recruitment strategies.

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Could Musk's DOGE layoffs hurt the IRS's fight against fraud?

Accounting Today

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

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W-2 and 1095-A Forms Added to IRS Individual Online Account Tool

CPA Practice

The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Types of Accounts in Accounting to Memorize

Patriot Software

Youve heard about debits and credits. You know they increase and decrease certain accounts. But, how much do you know about the accounts they affect? There are five types of accounts in accounting. If you dont know what they are, your crash course has arrived.

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.

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Building Lasting Partnerships: Collaborations Between Nonprofits and Businesses

GrowthForceBlog

8 min read March 4th, 2024 Charity partnerships nonprofits teaming up with for-profit businesses are a clever way for nonprofits to expand their mission impact and for businesses to improve their bottom line.

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The 2025 Fastest-Growing Firms

Accounting Today

The 25 accounting practices with the highest revenue growth in percentage terms in 2024 from Accounting Today's Top 100 and Regional Leaders list.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Aprio Adds Unclaimed Property Compliance Capabilities with Addition of JMS Advisory Group

CPA Practice

Aprio has acquired JMS Advisory Group, LLC (JMS), a firm specializing in unclaimed property compliance and escheat process development and improvement, located in Atlanta.

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Transposition Error, the Little Mistake That Causes Big Problems

Patriot Software

Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake thats easy to make is a transposition error. Read on to learn what is a transposition error and how it can affect your accounting books. What is a transposition error?

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KPMG to Merge With KPMG, KPMG, KPMG, KPMG, KPMG, KPMG…

Going Concern

KPMG thinks it’ll save money, open up new opportunities, and be better equipped to make widespread technology investments by consolidating local firms in its international network. In May of 2024, KPMG announced that KPMGs UK and Switzerland would merge to form a $4.4 billion MechaKPMG. Said KPMG UK chief executive Jon Holt at the time, “This marks a historic moment for both firms.

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Single SCN Can be Issued for Multiple FYs. Having a Common Adjudication Period

VJM Global

Held by Honble High Court of Kerala In the matter of Joint Commissioner (Intelligence and Enforcement) vs. M/s Lakshmi Mobile Accessories (W.A.NO.258 OF 2025) The Assessee received consolidated Show Cause Notice under Section 74 of CGST Act for FY 2017-18 to 2023-24. The Assessee challenged such SCN in the writ petitioner wherein it was held that the department is required to issue separate SCN for every assessment year.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Treasury suspends Corporate Transparency Act enforcement

Accounting Today

The Treasury Department announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting under the existing regulatory deadlines.

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Comment Period Opens on AICPA and NASBA Plan for Additional Pathway to CPA Licensure

CPA Practice

The AICPA and the National Association of State Boards of Accountancy are seeking public comment over the next 60 days onproposed changesto the accounting professions model law, the Uniform Accountancy Act, that would create an additional path to CPA licensure.

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Can Employees Donate PTO? How to Create a Leave Donation Program

Patriot Software

When it comes to running a business, youre constantly looking for new ways to boost employee morale and increase employee retention. One solution? Letting employees donate PTO by creating a leave donation program. But, what is leave donation, exactly? And, how does it work when it comes to taxes? What is leave donation?

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What the 1099-K Requirements Mean for Your Skagit County Small Business

SkagitCountyTaxServices

Youre in the middle of a very busy (and mentally tiring) season for your Skagit County business right now. And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Youve got quite a few of those coming up, so I wanted to make sure you havent let any of them slip your mind.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Adapting to change: ensuring indirect tax data quality

ThomsonReuters

Blog home Ronan Le Gall , along with his colleagues Tim Carpenter , partner and principal at EY who leads the indirect tax technology practice for the Americas , and Vanessa Grazziotin Dexheimer , Senior Manager at EY in indirect tax and global VAT were discussing the power of clean data as an end-to-end solution for indirect direct tax processes at the Thomson Reuters Synergy Conference.

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PCAOB and SEC crackdown on auditors appears to be ending

Accounting Today

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

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AICPA Issues Guidance for Reporting on Stablecoins

CPA Practice

These criteria provide a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.

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Pros and Cons of Cash-basis Accounting

Patriot Software

Choosing your accounting method is the first step in handling your companys books. If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?