Sun.Feb 02, 2025

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Products Most Likely to Increase in Cost Due to Tariffs, From Avocados to Cars

CPA Practice

The tariffs are due to take effect at 12:01 am on Tuesday. Heres a look at key imports from the three counties that could become more costly.

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IRS Offers Top Tips To Make Tax Time Easier

Insightful Accountant

The Internal Revenue Service has provided taxpayers with six tips to make filing their 2024 tax return easier.

Tax 59
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FP&A at a Tipping Point: New Report Reveals Challenges and Opportunities for Finance Professionals

Acterys

February 3, 2025 A new report from Acterys, “The Tipping Point: FP&A Snapshot Report 2025,” reveals that financial planning and analysis (FP&A) teams are facing a critical juncture. While grappling with persistent challenges like data silos and outdated technology, they also have unprecedented opportunities to leverage AI, enhance scalability, and drive strategic impact. “FP&A teams are at a crossroads,” said Martin Kratky, CEO and Co-Founder of Acterys. 

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Preliminary Results: Survey Shows What A ProAdvisor is Worth

Insightful Accountant

Our readership has responded and Murph has compiled some preliminary results from our 'What is a ProAdvisor Worth' Survey.

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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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CBIC Issued Clarification on Applicability of GST on Various Services Such as Penal Charges, Services by Payment Aggregator etc.

VJM Global

In line with recommendations provided by the 55th GST Council meeting , CBIC has issued the following detailed clarification on the applicability of GST on certain services vide Circular No. 245/02/2025-GST dated 28th January 2025: 1. Applicability of GST on Penal Charges levied by the Regulatory Authority, such as Banks and NBFC Issue: RBI has issued instructions to Regulated Entities (REs), i.e., Banks and NBFC , to not charge penal interest for non-compliance with loan terms.