Wed.Jan 01, 2025

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So How Did Your 2024 Predictions For the Accounting Profession Work Out?

Going Concern

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

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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

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.

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Enhancements to QBO Advanced Financial Forecasts

Insightful Accountant

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.

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If At First You Don’t Succeed, Try, Try Again (Except…)

Ryan Lazanis

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.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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QuickBooks Desktop Mobile App Functionality

Insightful Accountant

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.

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Not So Fast — BOI Injunction Is Back!

Nancy McClelland, LLC

As of December 27,2024, the Fifth Circuit reversed their own stay while theyre deciding the case. This means the injunction is back on and theres currently no enforceable BOI reporting requirement. More here from my colleague Kelly Phillips Erb In Whiplash Maneuver, Court Rules Beneficial Ownership Information (BOI) Reporting Requirements Are On Hold.

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Our Thanks For YOU: Our Skagit County Clients

SkagitCountyTaxServices

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.

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GSTN Issued Advisory and Process of Filing of Form GST SLP-02 for Claiming Waiver Under Section 128A

VJM Global

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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