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Announced February 13 , the AICPA and NASBA are giving up the quixotic fight to maintain 150 hours of education as the sole standard across CPA jurisdictions and are now “advancing model legislative language that enables an additional path to CPA licensure.” As has already been made law in Ohio recently , the alternate pathway option doesn’t eliminate 150 hours entirely, rather gives aspiring CPAs another option.
Held by the Honble High Court of Andhra Pradesh In the matter of Tirumala Balaji Marbles And Granites vs. the Assistant Commissioner St and Others (W.P.No.1200/2025) The Petitioner applied for GST registration in the state of Andhra Pradesh. However, the proper officer rejected the application because the applicant and the authorized representative do not belong to the state of AP.
The SECURE Act 2.0 of 2022 introduces several significant changes aimed at enhancing retirement savings for American workers. Breaking Down Section 101 One of the key provisions, Section 101, focuses on expanding automatic enrollment in retirement plans. Heres what plan sponsors need to know: Automatic Enrollment Mandate: Section 101 mandates that new 401(k) and 403(b) plans must include an automatic enrollment feature.
Menzies LLP - A leading chartered accountancy firm. What is the trading allowance? The trading allowance is a tax-free allowance of up to 1,000 per year for any trading or casual income sources. Sometimes referred to as the hobby allowance, the trading allowance is great for people who are just starting out a trade or receive small revenues for small gigs such as occasional dog walking.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
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With New York State progressing towards extending and amending the Film Tax Credit Program, now is the time to make sure you have a trusted advisor who can help you navigate this tremendously beneficial tax credit. How Does the New York State Film Tax Credit Program Work, and Who Is Eligible To Claim the Credit? This $700 million per year program was created to encourage and increase the amount of film projects that are produced in New York State each year.
March 26, 2025, 11:00 am 12:00 pm (CST) Regulation CC, implementing the Expedited Funds Availability (EFA) Act, has been amended by the Board of Governors of the Federal Reserve System (Board) to increase threshold amounts effective July 1, 2025. Banks and credit unions should prepare for the upcoming changes while also reviewing hold policies and processes.
March 26, 2025, 11:00 am 12:00 pm (CST) Regulation CC, implementing the Expedited Funds Availability (EFA) Act, has been amended by the Board of Governors of the Federal Reserve System (Board) to increase threshold amounts effective July 1, 2025. Banks and credit unions should prepare for the upcoming changes while also reviewing hold policies and processes.
Voting in the 2025 Readers Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
When staff use this SmartProof worksheet, they have a method to self-check and self-review their own work and fix any errors before it goes to the reviewer.
TheIRSis poised to hand over unlimited access to taxpayer data to an adviser from Elon Musks government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
The value of retail purchases, not adjusted for inflation, decreased 0.9% after an upwardly revised 0.7% gain in December, Commerce Department data showed Friday.
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Voters are clear in how they want Congress to shore up the massively popular programs deteriorating finances, but lawmakers don't seem to be listening.
At QB Talks this month, Charles Nagel, the founder and chief technology officer of Qvinci, will demonstrate the power of Qvinci, illustrating it's reporting capabilities that QuickBooks just can't perform.
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At nearly $5 a dozen, the price of eggs just surpassed record highs, and while quite moderate in comparison, bread, electricity, gasoline and natural gas also saw meager month-over-month increases.
It is common for director-shareholders in family companies to have a loan account with the company. They can take a variety of forms; sometimes specific amounts borrowed outright as a short-term loan, but often informal transactions, such as cash withdrawals to meet personal expenditure, or personal expenses paid directly by the company.
Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the carriers history.
Fraud is committed by real people. They have real families and real jobs. They often are just like you and me. But what makes thieves different from a lot of us is their ability to lie and steal. Most of us would never seriously consider taking something that does not belong to us, especially not [.
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?
Virginia passes state law to offer alternative to 150-hour rule for CPA credential. Candidates can now earn the credential with a 4-year degree, plus 2 hours of experience, and passing the CPA Exam.
Menzies LLP - A leading chartered accountancy firm. Would you risk it for a chocolate biscuit? We talk about risk a lot, from insignificant choices about what to eat through to decisions which can have a monumental impact on our lives and our businesses. We are often warned off from thinking it wont happen to me, but human nature can lead us to avoid dwelling too much on the negative as it can have a debilitating impact if not kept under control.
"This merger strengthens our ability to provide top-tier accounting, tax, and advisory services while ensuring a seamless transition for all clients," KSDT CPA, one of the top 200 largest accounting firms in the U.S., said in a media release.
Menzies LLP - A leading chartered accountancy firm. Professional Advice Its easy to shun the professional advisors when things start getting tough, especially when you are worrying about money and costs. The most successful people recognise their own skill sets and surround themselves with experts for everything else. Tap into your professional advisors knowledge and their network of contacts to find the right advice.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Creating a culture of commitment and accountability within an organization is essential for fostering a productive and positive work environment and can lead to higher levels of engagement, improved performance, and a stronger sense of ownership. This article explores key strategies organizations can implement to cultivate a culture where commitment and accountability thrive, ultimately driving success and growth.
Secretary of DefensePete Hegseth accused former President Joe Bidens administration of rushing anIRSaudit into him in a post to social media platform X on Monday.
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