This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created 163(j), which generally limits deductions of business interest, with certain exceptions. If your business has significant interest expense, its important to understand the impact of the deduction limit on your tax bill.
We would have published this earlier were it not for a once-in-two-decades downtime issue when the story broke on Tuesday. So we’re doing it now. As teased by WSJ earlier this month , Baker Tilly and Moss Adams are in fact combining (or, depending on how you look at things, Baker Tilly is buying Moss Adams and integrating its life force into the host).
In today's rapidly evolving business landscape, it is crucial for organizations to future-proof their operations to ensure long-term success. One of the key pillars of achieving this is strategic financial planning and analysis. By efficiently overseeing your financial resources and utilizing data-driven insights, you can strategically position your business to manage uncertainties and seize emerging opportunities.
Withum is proud to announce that Kirk Holderbaum , Partner and Chief Growth Officer, has been recognized by NJBIZ as a 2025 ICON. His leadership within the Firm and long-time client relationships have created a legacy of stewardship within the greater NJ business community. With over 30 years of experience in business advisory and public accounting, Kirk has been a driving force behind Withum’s growth and success.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
One helps your employees. One brings in capital. Both matter. Learn the difference between 409A and fundraising valuations. The post Avoiding Startup Valuation Traps: 409A vs. Fundraising appeared first on Burkland.
Are you starting a business with partners and deciding on the right entity? An Scorporation might be the best choice for your new venture. One benefit of an Scorporation One major advantage of an Scorporation over a partnership is that shareholders arent personally liable for corporate debts. To ensure this protection, its crucial to: Adequately finance the corporation, Maintain the corporation as a separate entity, and Follow state-required formalities (for example, by filing articles of incorp
In the last few months, to prevent fake firms from obtaining GST registrations, the process of granting GST registration has become far more complicated and time-consuming for genuine taxpayers as well. The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01.
In the last few months, to prevent fake firms from obtaining GST registrations, the process of granting GST registration has become far more complicated and time-consuming for genuine taxpayers as well. The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01.
From spreadsheets and overtime to streamlined success For KPS3, a full-service advertising and marketing agency in Reno, Nevada, billing used to be a multi-department marathon. The team was spending more than 60 hours a week just trying to bill clients and close the booksrelying on a 400-row spreadsheet to patch together data from NetSuite, Salesforce, and payment processing tools.
Choosing the right entity structure for your law firm is a critical decision that can impact your liability, taxation, and overall business efficiency. This article explores various law firm structures and provides strategies for optimizing them to ensure your firm operates smoothly and profitably. Common Law Firm Structures Sole Proprietorship A sole proprietorship is the simplest form of business structure, where the firm is owned and operated by a single individual.
Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their name, image, and likeness (or NIL).
Business valuation professionals often rely on client-prepared financial projections to calculate lost profits and diminution in value. However, courts may exclude expert testimony thats based on speculative or unreliable projections. To withstand scrutiny, valuators must support their conclusions with market-based evidence and a rigorous analysis of case-specific facts.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Today, running a successful professional services company requires more than just delivering high-quality services. You also need to ensure your financial processes are efficient, your invoices are accurate, and your cash flow is steady. Without proper accounting and financial management, even the most in-demand service businesses can struggle with profitability.
For years, accounting has been weighed down by manual data entry, siloed departments, and hours of tedious reconciliation. Accounting automation software flips that script, offering smarter, faster, and more reliable financial processes. In this blog, well walk you through what accounting automation software is in a nutshell, how itll support different parts of your workflow, and its benefits.
The traditional entertainment industry of studio-based film, television, and music greatly shaped our society and economy over the last century. However, in just the past decade, social media has disrupted that studio-based tradition and shaped a new sector of the entertainment industryinfluencing. This shift from studios to individuals has transformed the industry, allowing people living their everyday lives to become sought-after voices in the business.
When you think of up-and-coming business opportunities, you likely dont think of student athletes. As a result of recent court cases, athletes have gained the ability to receive a financial profit anytime their name, image, and likeness (or NIL) is used. For college and even high school athletes, NIL deals are becoming more and more commonwhether thats for major brands like Nike and Under Armour, in the world of video games, or through their own social media following.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Statistics on fraud rates in family-run businesses are scant. This is probably because most family enterprises keep incidents of financial malfeasance under wraps and dont involve law enforcement or the courts. Because punishing offenders is critical to preventing future fraud, such secrecy can encourage schemes and raise the risk of large financial losses.
Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
An unknown number of employees who work in those two offices within the IRS received notice Friday afternoon that they are being laid off as part of the agency's reduction to its workforce.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Nothing beats the buzz of Accountex! Its where industry leaders, cutting-edge exhibits, and insightful masterclasses converge, creating the perfect space to expand your knowledge and create lasting connections. This year, we’re bringing back our highly anticipated masterclasses, networking breakfast events, alongside a powerhouse team of Xero experts, all dedicated to helping you build a more efficient and profitable practice.
When its time to consider your businesss future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether youre ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key.
You have wrangled Form 1040 into submission, battled late-night coffee jitters, and sent the final e-file into the ether. Congratulations, Tax Pro, the April dust has settled. Now breathe.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
GOBankingRates was able to determine what the upper-middle-class income ranges look like in every state by sourcing each states median household income from the 2023 American Community Survey conducted by the U.S. Census Bureau.
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Heres a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus systems are tax-free to a recipient employee up to a monthly limit of $325.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
AAM Hall of Famers August Aquila and Kristen Lewis examine the rise of marketing as a professional function in accounting firm -- and look ahead to where it's going.
The stateSenatevoted April 21 to oust South Carolina Treasurer Curtis Loftis over a yearslong accounting error, leaving the statewide official a vote by the House away from being removed from office for willful neglect of duty.
Tired of chasing down client documents? Here are 13 document management tools built to save time, reduce errors, and secure your firms data. The post 13 Best Document Management Software for Accounting Firms appeared first on Future Firm.
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldnt be claimed because you didnt have enough deductions to itemize. How much do you need? You can itemize deductions if the total of your allowable itemized write-offs for the year exceeds your standard deduction allowance for the year.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content