Mon.Mar 03, 2025

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Payroll expert discusses global payroll strategies in 2025

ThomsonReuters

Blog home As businesses continue to expand their global footprint, the importance of effective global payroll management has become increasingly crucial. In a recent discussion, Mariah Hantis, Senior Director, Global Operations, Payroll, and Benefits at Deel, provided insights into the key challenges, emerging trends, and best practices surrounding global payroll strategies.

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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e

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Treasury suspends Corporate Transparency Act enforcement

Accounting Today

The Treasury Department announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting under the existing regulatory deadlines.

Account 103
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Treasury Announces Suspension of BOI Reporting

RogerRossmeisl

As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e

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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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KPMG elects new CEO

Accounting Today

Big Four firm KPMG elected Tim Walsh as its next U.S. chair and CEO, and Atif Zaim as its next U.S. deputy chair, effective July 1.

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Can Employees Donate PTO? How to Create a Leave Donation Program

Patriot Software

When it comes to running a business, youre constantly looking for new ways to boost employee morale and increase employee retention. One solution? Letting employees donate PTO by creating a leave donation program. But, what is leave donation, exactly? And, how does it work when it comes to taxes? What is leave donation?

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More Trending

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.

Tax 59
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April Now Licensed to E-File in All 50 States

CPA Practice

The embedded tax software provider said it has secured the necessary e-file licenses to enable Americans to electronically file in all 50 states, becoming the first new nationally licensed e-file provider in more than 15 years.

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Penfold Announces Major Improvements to its Default Pension Plan, in Collaboration with BlackRock 

Accounting Insight

Penfold customers now benefit from enhanced growth potential, added market protection and 100% FSCS coverage at no extra cost Penfold has worked with BlackRock to develop a unique investment strategy designed to boost the growth potential of its customers pension pots by incorporating listed real assets The new plan also offers 100% FSCS protection The majority of Penfolds customers will seamlessly transition to the new plan on 25th February 2025 Penfold , the digital pensions provider, today a

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Wolters Kluwer Enhances Form 5330 E-Filing Capabilities

CPA Practice

Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.

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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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3 Minutes with Beth Jackson

Accounting Insight

Payroll and tax expert Beth Jackson is not only one half of 2 Sisters Accounting, but a new business specialist, who has worked with hundreds of small businesses. How did you get into the profession? Completely by accident! I left college with my AS Levels, applied for a job in customer service at an umbrella company and got put into the payroll department as I had a maths AS Level.

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Xerocon Brisbane 2025 tickets on sale now

Xero

Im excited to announce that tickets are on sale now for Xerocon Brisbane! Xerocon returns to sunny Queensland 3-4 September and this year weve invited Queensland icon Joe Brumm creator of Bluey , the most watched television series in the US in 2024 to share his inspiring journey. Xerocon is our flagship technology and innovation conference designed to empower accounting and bookkeeping professionals through learning, networking and growth – and this year we are supercharging the content,

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Ethical Issues for the Modern Tax Practice: The Role of Artificial Intelligence

CTP

A.I. is the buzzword none of us can avoid, regardless of the industry we are inincluding tax professionals. When it comes to new artificial intelligence technology, the questions of whether to use certain tools and how those tools can be used appropriately can be tricky to answer. Those of us who practice before the IRS are bound by the ethical rules laid out in Circular 230.

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2025 ProAdvisor Awards 'Voting' is Underway

Insightful Accountant

Voting for both the U.S. and International ProAdvisor Awards is currently underway.

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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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AICPA Pushes Back on Treasury Final Regulations on Related-Party Basis Adjustment Transactions

CPA Practice

In its latest comment letter, the AICPA urges immediate suspension and removal of the final regulations due to the impractical provisions and administrative burdens it imposes.

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Embracing Purpose: How To Transform Your Tax Practice

Insightful Accountant

As tax professionals, we face unprecedented changes: AI-powered tax preparation, evolving client expectations, and regulatory shifts. Creating a singular focus is like creating your firms north star.

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Avalara Announces 29 Newly Certified Integrations into Business Applications 

CPA Practice

Certified integrations are built to help ensure customers enjoy a fast, reliable, and easy process for embedding Avalara's automated tax management into existing systems.

Tax 52
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The tax benefits of life insurance — and the risks to consider

Accounting Today

For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.

Tax 52
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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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U.S. Manufacturing Stagnates While Prices Rise

CPA Practice

U.S. factory activity last month edged closer to stagnation as orders and employment contracted, while a gauge of prices paid for materials surged to the highest since June 2022 as tariff concerns mounted.

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Empowering Tax Professionals: Latino Tax Fest 2025 Insights From Carlos Lopez

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart interviews Carlos Lopez, Enrolled Agent and founder of Latino Tax Pro, to discuss the Latino Tax Fest 2025, the leading bilingual tax education event for professionals.

Tax 52
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Wolters Kluwer boosts Form 5330 capacities

Accounting Today

Wolters Kluwer announced new capacities for populating and filing IRS Form 5330, which excise taxes related to employee benefits plans, in its ftwilliams.com product.

Tax 52
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What to Do If You Receive an IRS Notice (Besides Panic)

Patriot Software

Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice. What is an IRS notice? An IRS notice is an official letter from the IRS, typically relating to federal tax returns or tax accounts.

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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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Bookkeeping Pricing Template (Writing Guide + Free Download)

Ryan Lazanis

Get a free bookkeeping pricing template, and find out how to structure your pricing to maximize your revenue. The post Bookkeeping Pricing Template (Writing Guide + Free Download) appeared first on Future Firm.

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Stopping Employees From Stealing

FraudFiles

It might be hard to believe, but each and every day companies are losing money because they not only give employees opportunities to steal, they encourage it. How? By not providing adequate oversight. A clerk, for example, sees that an error in an account wasnt caught by anyone. A purchasing manager notices that no one [.

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KPMG Picks Their Next Chair and CEO, Deputy Chair

Going Concern

As you may have heard, reigning Chair and Chief Executive Officer of KPMG US Paul Knopp is headed to greener pastures. With a few months to go until he rides off on June 30, the firm has elected his replacement. It’s Tim Walsh, a 33-year veteran of KPMG and current national managing partner of audit. At his side as deputy chair will be Atif Zaim, US consulting leader and former national managing principal of advisory, replacing Laura Newinski.

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The Power of Career Conversations: Are You Engaging with Your Team?

CPA Practice

Career conversations are a simple but powerful way to show your team that you want them to be successfuland satisfied. So, ask yourself: When was the last time I had career conversations with my staff members?

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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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Women accounting professionals are thriving in advisory practices, and so can you

ThomsonReuters

Blog home In today’s fast-paced accounting landscape, one thing is clear: the future of the profession lies in advisory services, not just transactional work. The shift towards advisory engagements fuels a deeper understanding of clients’ business goals and strategies, integrating greater value from the outset. This transformation enables firms to provide more comprehensive support, resulting in increased revenue, deeper client relationships, and greater job satisfaction.

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A Colleague’s Recap of CPA Practice Advisor’s 2025 Thought Leader Symposium

CPA Practice

This years program focused on the impacts of AI, Private Equity, Staffing, CAAS, and Security. Below are my takes on what Im advising my firms to do.

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Employer’s National Insurance rises: the great pass-on experiment?

Menzies

Menzies LLP - A leading chartered accountancy firm. Greg Huitson-Little , partner in our Forensic and Valuation Services team, muses on the recent budget amused by definitional debates, unpacking what the employer national insurance rises really look like, and wondering whether the nutty issue of pass-on in competition damages is about to get its biggest experiment to date.

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Federal Reserve Expects Tariffs to Raise Consumer Prices

CPA Practice

The proposed tariffs on China, Mexico, Canada and other U.S. trading partners could raise prices for consumers on everyday items by up to 2.6%, according to a study released Friday by the Federal Reserve Bank of Atlanta.

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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.