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At the start of last year we ran a little survey asking readers what they thought would be the biggest issues impacting the profession in 2024. And at that time, the talent shortage won out as the biggest of the big issues. By a large margin at that. What will be the biggest issue affecting the profession in 2024? With 2024 now behind us it’s safe to say that the talent shortage, which we’ve come to regard as a b t talking point at this point since firms don’t seem interested i
When youre building a tech startup, accounting probably doesnt feel very exciting. Who wants to think about spreadsheets when youre busy building or scaling? But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier.
As a part of the Financial planning features available to QuickBooks Online Advanced users, a new 'Forecasts' functionality has been released. Presently it is available to all U.S. QBO-Advanced subscribers.
As per recommendations made by the GST Council in the 53rd GST Council meeting , Section 128A was inserted to provide relief to the taxpayer from the interest or penalty given in the notice issued under section 73 of the CGST Act for 2017-18, 2018-19 and 2019-20. To claim relief, the taxpayers must pay the corresponding tax amount by 31st March 2025 and apply Form GST SLP-01 or GST SLP-02 within 3 months from the notified date, i.e., 31st March 2025.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Have you noticed a change in the functional capability of the QuickBooks Desktop Mobile App? I've had reports that the app's OCR (optical character reading) functionality isn't working for 'Receipts' or 'Bills' snapped for upload.
To succeed in business, youll need strong sales, marketing, and more. However, there's one quality that could make all the difference. The post If At First You Don’t Succeed, Try, Try Again (Except) appeared first on Future Firm.
The tax preparation landscape is undergoing a revolutionary transformation, and forward-thinking practitioners are seizing the opportunity to reshape their practices through artificial intelligence and automation.
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Weve made it to the 2024 finish line. For my final blog of the year, I want to focus on something that will help frame your mindset for 2025. But before I do, let me give you YET ANOTHER UPDATE on the ever-flip-flopping BOI reporting requirements. The BOI reporting deadline was declared null earlier this month when an injunction was placed on the Corporate Transparency Act requirement.
As per recommendations made by the GST Council in the 53rd GST Council meeting , Section 128A was inserted to provide relief to the taxpayer from the interest or penalty given in the notice issued under section 73 of the CGST Act for 2017-18, 2018-19 and 2019-20. To claim relief, the taxpayers must pay the corresponding tax amount by 31st March 2025 and apply Form GST SLP-01 or GST SLP-02 within 3 months from the notified date, i.e., 31st March 2025.
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