Trending Articles

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Top Reasons Businesses Are Changing Their Sales Tax Processes in 2025

TaxConnex

The sales tax landscape is constantly evolving, and businesses must adapt to keep pace. But tax laws aren't the only things changingbusinesses themselves are growing, diversifying, and seeking new ways to streamline their operations. According to our latest survey of over 100 finance professionals, 85% of businesses are at least somewhat likely to adjust how they manage sales tax in 2025, with 47% being very likely to make changes.

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Key Q2 2025 Tax Deadlines for Startups

BurklandAssociates

Q2 tax deadlines are coming fast. Stay ahead of key filings, avoid penalties, and keep your startup on track with this essential guide. The post Key Q2 2025 Tax Deadlines for Startups appeared first on Burkland.

Tax 147
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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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How I Stay Sane During Busy Season (Mostly… Arguably… Okay, Just Don’t Ask My Husband About It)

Nancy McClelland, LLC

Tax seasonthat special time of year when caffeine consumption triples, restful sleep becomes a scavenger hunt, and your spouse and friends begin to question your sanity. If youre deep in the trenches of tax filings, bookkeeping clean-ups, and client questions that couldve-been-Google-searches, you know the struggle is real. But after 23 years, I feel like Im finally finding my groove and because I dont want it to take you as long to figure out as it did me, Im sharing tips and tricks that have b

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The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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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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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The SEC Cooled It on Enforcements But Hit a New High on Monetary Penalties Last Year

Going Concern

Cornerstone Research has put out their SEC Accounting and Auditing Enforcement ActivityYear in Review: FY 2024 report [ PDF ] and then they put out a press release highlighting the important parts so we don’t have to spend all day reading it. Cheers. The U.S. Securities and Exchange Commission (SEC) drastically reduced its accounting and auditing enforcement activity in fiscal year 2024, the final year of Gary Gensler’s administration, ending two consecutive years of annual increases

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Fractional or In-House? Choosing a Controller for Your Business

Basis 365

As your business grows, so does the complexity of your financial operations, making it essential to have a skilled controller overseeing your financial reporting, cash flow, and internal controls. But is it better to create a position in-house or hire fractional controller services ? Each option has distinct benefits and drawbacks, depending on your companys size, budget, and financial needs.

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JAX expands beta access and introduces new features to save you time and effort

Xero

A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.

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How to Survive a Period of Unemployment

CPA Practice

Going without income as a result of unemployment creates financial stress, but there are ways to make it a little bit easier.

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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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Unlocking Value in Mergers & Acquisitions: Excellence in Synergy Execution

Withum

In part one of our Unlocking Value in M&A series, we discussed how achieving synergies begins with identifying and classifying synergies, whether they manifest as cost savings through operational efficiencies or revenue growth from market expansion and cross-selling opportunities. A clear understanding of these synergies allows organizations to set realistic goals, prioritize initiatives, and align resources to focus on high-impact opportunities.

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Keep pace with digital tax compliance: Handle big data and fast reporting

ThomsonReuters

Blog home For large companies operating in a digitalized global economy, indirect tax compliance has evolved from an arduous manual task to a largely hands-off process performed by sophisticated tax technologies that execute most tax functionsdata gathering, computation, reconciliation, invoicing, reporting, filing, etc.automatically and in close to real time.

Tax 52
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New bill calls for tax preparer regulation

Accounting Today

Rep. Steve Cohen has re-introduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.

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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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When Should You Consider Outsourced CFO Services?

Summit CPA

When is the best time to fix the leak in your roof? Before the storm shows up, right? The same is true of your business. Your business needs a Chief Financial Officer before the figurative storm. And to check for that incoming bad weather, you need an accurate forecast. This is exactly what an outsourced CFO service (or a virtual CFO ) provides for your business.

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Case Study: A Not-for-Profit’s Success Story of Strengthening Impact through Enterprise Risk Management

Withum

How a Not-for-Profit Organization Aligned Risk Strategy with its Mission for Greater Impact. Executive Summary A global not-for-profit organization dedicated to advancing philanthropy and social impact recognized the need to enhance its Enterprise Risk Management (ERM) framework to support its global expansion and long-term sustainability. The organization aimed to strengthen risk oversight, improve governance and reinforce stakeholder confidence to meet growing donor expectations and regulatory

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February Retail Sales Were Down Monthly Amid Tariff Concerns

CPA Practice

Total retail sales, excluding automobiles and gasoline, were down 0.22% seasonally adjusted month over month but up 3.38% unadjusted.

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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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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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IRA & HSA Contribution Deadlines: Don’t Miss These Time-Sensitive Opportunities

LSLCPAs

Its that time of year when we remind you to make any final contributions to your prior year IRA, Roth, or HSA accounts. These contributions are due by April 15, 2025, the first due date of personal tax returns. Due to fire disaster relief for Los Angeles, if you are a resident of LA County. The post IRA & HSA Contribution Deadlines: Dont Miss These Time-Sensitive Opportunities appeared first on LSL CPAs.

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BGL delivers seamless company formation in CAS 360

Accounting Insight

CAS 360 is a comprehensive company secretarial and AML management software that allows clients to electronically prepare and file company registration forms with Companies House while generating supporting documents to meet legislative requirements. The software streamlines compliance by automating the preparation of forms, minutes, resolutions, registers, and documents required for the Annual Confirmation Statement and common company changes.

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Top Remote Tax and Accounting Candidates of the Week | March 13, 2025

Going Concern

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.

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How the 50 States Rank By State and Local Tax Rates in 2025

CPA Practice

WalletHub released a new study examining which states had the highest and lowest state and local tax rates to determine where residents are giving the most and least money back to their respective governments.

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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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BPM expands in Canada

Accounting Today

The Top 50 Firm is expanding further in Canada by adding locations in the greater Toronto area and Calgary.

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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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From Startups to Enterprises: Custom CFO Support Services for Your Business

AccountingDepartment

In the constantly changing world of business, a single approach seldom suits everyone. This is especially applicable to financial management. Whether you're an emerging startup or a well-established company, maintaining a strong understanding of your finances is essential.

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Supporting Warwickshire & Solihull Blood Bikes – A Life-Saving Mission

Inform Accounting

At Inform Accounting, we believe in giving back to the community and supporting causes that make a real difference. Thats why were incredibly proud to sponsor Warwickshire & Solihull Blood Bikes (WSBB), an amazing charity that works around the clock to provide life-saving deliveries to those in need.

Account 59
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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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8 Reasons Why You Might Want to Delay Retirement

CPA Practice

While life doesnt always go according to plan, would-be retirees can make the best of a delayed retirement timelineand may even find that putting it off for a few years is a good idea.

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SEC hits the brakes on accounting and auditing enforcement

Accounting Today

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

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New Mexico Sick Leave Law: Know About the Healthy Workplaces Act

Patriot Software

What happens when your employee gets sick? If youre a New Mexico employer, you need to know about the Healthy Workplaces Act. Saddle up to make sure you are in compliance with this New Mexico sick leave law. When someone is sick, work can be far from their mind.

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Controller vs. Bookkeeper vs. CFO: Understanding the Key Differences

AccountingDepartment

When it comes to managing a companys finances, businesses often rely on a combination of bookkeepers, controllers, and CFOs to maintain financial health and make strategic decisions.

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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.