Mon.Jan 13, 2025

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IRS: California Wildfire Victims Qualify for Tax Relief

Insightful Accountant

The Internal Revenue Service announced tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025.

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LA fire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

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Bill on Alternate Pathways to CPA Licensure Signed Into Law in Ohio

CPA Practice

One hundred fifty hours will no longer be required to obtain a CPA license in the state of Ohio after Gov. Mike DeWine signed legislation on Jan. 8 that provides two alternate pathways for accountants pursuing the credential.

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Art of Accounting: Perception vs. reality for tax audit fees

Accounting Today

Delivering an invoice for any service, including a tax audit, is a marketing activity, and it cannot be assumed that the client understands the value.

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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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The Top 10 IRS Criminal Cases of 2024

CPA Practice

The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.

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Caseware appoints David Marquis as CEO

Accounting Today

Caseware announced it has appointed David Marquis, a five-year Intuit veteran, as its new CEO.

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More Trending

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How to Track Business Expenses Without the Stress

inDinero Tax Tips

Running an LLC or startup means wearing many hats, and learning how to track business expenses may not be the most exciting one. But with a bit of forethought, you can create a system that saves you time, money, and headaches. In this article, well teach you how to track business expenses in a way thats simple to learn and easily fits into your routine.

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China Considers Sale of TikTok to Elon Musk to Avoid U.S. Ban

CPA Practice

Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.

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Introducing ‘Your business supercharged’

Xero

Were excited to unveil our new tagline: Your business supercharged. This is more than just a statement. Its about helping you achieve your business goals. But its also about the journey, the passion and freedom to do what you love. Ultimately, its about helping you unlock your full potential. Time for change Your business supercharged is a reflection of our unwavering commitment to you and the value we hope to provide every day.

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WWE Founder Vince McMahon Settles SEC Charges of Undisclosed Payments

CPA Practice

McMahon did not admit to or deny theSEC's findings, but he agreed to pay a $400,000 civil penalty and reimburse WWE for about $1.33 million, according toSECofficials.

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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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How to turn your New Year’s resolutions into solutions with apps

Xero

Got aspirations for your small business in 2025? The most important part of making New Years resolutions is creating a plan on how you will achieve them and then taking action. Whether you want to grow your business or take a step back and spend less time at work, apps might just be the secret weapon to reaching your goals. This year, turning your business resolutions into solutions might be as simple as connecting a new app to Xero.

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U.S. Taxpayers May Elect OECD’s SSA Method for Pricing Intercompany Baseline Marketing and Distribution Activities

Withum

The U.S. Department of the Treasury and IRS (collectively, Treasury) on December 18, 2024, published a Notice 2025-04 (Notice) and announced their intent to issue proposed regulations and other guidance on applying the Simplified and Streamlined Approach (SSA) method of the Organization for Economic Co-operation and Development (OECD) for pricing certain controlled transactions involving baseline marketing and distribution activities.

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Agentic AI: The next big thing for accountants?

Accounting Today

Interest in agentic AI as the next step in the progression from generative AI has spiked in recent months along with investment from accounting firms and vendors.

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Managing transformational change in corporate tax departments: Key strategies and approaches

ThomsonReuters

Blog home In corporate tax departments, change comes in many forms. There is incremental changesmall adjustments to everyday activities that may be important, but dont necessarily affect the organizations overall direction or culture. And then, there is transformational changebig, bold initiatives that deeply influence a companys operations, processes, and culture.

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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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Massachusetts Life Sciences Companies: Tax Savings Opportunities

Withum

The application window for the Massachusetts Life Sciences Center Tax Incentive Program is now open. This program offers lucrative tax savings to eligible companies and the current application requirements include several modifications from past years, reducing barriers on several aspects of the application criteria. Applicants that previously didnt qualify should reexamine to see if they can now qualify for the program.

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OSCPA names next president

Accounting Today

Laura Hay will succeed Scott Wiley as president and CEO of the Ohio Society of CPAs. She will be the first woman and first CPA to lead the organization.

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3 Minutes With Arun Mehra

Accounting Insight

The first edition of 3 Minutes With of 2025 is with none other than Arun Mehra, founder, owner and CEO of Samera, a leading global provider of accountancy, tax, offshoring, and financing solutions for businesses and other accountancy firms. Arun has been running Samera for over 21 years, with a diverse and experienced team across the UK and India. 1.

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From App Overload to Efficiency with Brittany Malidore

Canopy Accounting

In a recent conversation between Brittany Malidore , co-founder and managing partner of Ledgerly Consulting , and Accounting Technology, Liz Scott, Brittany shared her firms journey in adopting Canopy to tackle workflow challenges and improve efficiency. Their discussion revealed the key reasons why Brittany chose Canopy as the practice management solution for her growing firm.

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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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The SEC should reject the PCAOB's firm reporting mandates

Accounting Today

Hindering the audit marketplace creates risk for the investing public, says the AICPA's Sue Coffey.

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How to Track Business Expenses Without the Stress

inDinero Tax Tips

Running an LLC or startup means wearing many hats, and learning how to track business expenses may not be the most exciting one. But with a bit of forethought, you can create a system that saves you time, money, and headaches. In this article, well teach you how to track business expenses in a way thats simple to learn and easily fits into your routine.

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Admissibility of ITC Under Section 16(2)(b) on Goods Delivered Under Ex-works Contract| Circular No. 241/35/2024-GST Dated 31st December, 2024

VJM Global

GST Council received various representations from the automobile industries that show cause notice is received from the GST officer disallowing ITC with respect to goods which are delivered by the OEM at its factory gate to the dealer. As per the representation, GST officers are taking a view that ITC can be availed by the dealer only after the goods are physically received by him at his business premises.

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Why Are Businesses Turning to External Accounting Experts?

Basis 365

In todays dynamic business environment, companies face an increasing array of challenges that require strategic financial management. Whether managing cash flow, ensuring compliance, or scaling operations, effective accounting plays a critical role in long-term success. However, as these demands grow, many businesses are moving away from traditional in-house accounting solutions and embracing external accounting expertise.

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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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Admissibility of ITC Under Section 16(2)(b) on Goods Delivered Under Ex-works Contract| Circular No. 241/35/2024-GST Dated 31st December, 2024

VJM Global

GST Council received various representations from the automobile industries that show cause notice is received from the GST officer disallowing ITC with respect to goods which are delivered by the OEM at its factory gate to the dealer. As per the representation, GST officers are taking a view that ITC can be availed by the dealer only after the goods are physically received by him at his business premises.

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Professional Stature of a ProAdvisor

Insightful Accountant

Murph keys you in on traits that our past ProAdvisors of the Year have exemplified and why "professional stature puts the 'Pro' in ProAdvisor.

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Boston mayor revives push for homeowner tax relief

Accounting Today

The refiled proposal would cut the tax rate for the current fiscal year or provide residential rebates if such a reduction isn't approved by March.

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Tomorrow's QB Talks: ProAdvisor Training Opportunities

Insightful Accountant

Murph and guest co-host Kim Noh will discuss both the ProAdvisor and Intuit Academy training opportunities for ProAdvisors, Accountants, Bookkeepers and Tax Preparers.

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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?

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Biden bars cooking oil imports from tax credit

Accounting Today

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

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Maintaining a High-Performance Culture While Scaling Your Tax Practice

Insightful Accountant

In today's rapidly evolving tax landscape, growing a practice while maintaining its entrepreneurial spirit and team cohesion presents unique challenges. The principles of maintaining startup agility while establishing boundaries can impact.

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Ex-WWE CEO Vince McMahon settles SEC case on non-disclosure

Accounting Today

Vince McMahon, the former chief executive officer of World Wrestling Entertainment Inc., hid hush-money settlements he negotiated with a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021, the Securities and Exchange Commission alleged.

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Amazon to Stop Some of Its DEI Program

CPA Practice

Matt Day, Jeff GreenBloomberg News (TNS) Amazon.com Inc. is halting some of its diversity and inclusion programs, a move that coincides with activist pressure on U.S. companies to abandon efforts to build a more diverse workforce. In a memo to employees, Candi Castleberry, a senior human resources executive, said last month that Amazon was winding.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.