Tue.Dec 17, 2024

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2025 Tax Deadlines for Startups

BurklandAssociates

U.S. Tax Deadlines San Francisco Tax Deadlines New York Tax Deadlines Seattle Tax Deadlines 2025 U.S. Tax Deadlines for Startups JAN 31: R&D Tax Credit Form 941 to claim R&D Read More The post 2025 Tax Deadlines for Startups appeared first on Burkland.

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New year, new sales tax obligations

TaxConnex

The excitement of years end can push all kinds of taxes to the back of your mind. But its a good idea to look out for how a new year can mean new sales tax obligations for you and your online business. Here are some common situations that can be exciting for your business and distracting for you and that can create sales tax risk. What should you watch for in 2025?

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IRS guidance and key appointments set the stage for 2025

Accounting Today

Final regulations on clean energy partnership credits, raised 401(k) limits and more from the Internal Revenue Service in November.

Tax 105
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Your ultimate payroll year-end 2024/25 checklist: steps and deadlines

Xero

Itd be one thing if payroll year-end meant a single last pay run. But this busy period involves meeting multiple deadlines and submission dates, all while following HMRC rules. Whether youre a seasoned payroll manager or doing it for the first time, payroll year-end can be tricky. Heres a step-by-step guide to the process. What is HMRC payroll year-end?

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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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Does the SALT tax deduction cap unfairly penalize women?

Accounting Today

The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens to examine gender-based disparities.

Tax 98
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5 Signs It’s Time to Hire an Accountant

Patriot Software

Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance. Not sure if its time to hire an accountant for small business?

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How to Generate a W-2: Use Software or Manually Fill in the Form 

Patriot Software

The year-end and new year are filled with payroll responsibilitieslike filing and distributing Forms W-2 to your team. But first, you need to know how to generate a W-2 form for your employees. Generating W-2s doesnt have to be complicated, especially with tools like payroll software. Learn how to create W-2s for small business below.

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CFOs have the worst job security in the C-suite

Accounting Today

Chief financial officers continue to experience a downward decline in tenure and the lowest level of job security in the C-suite, according to a new study.

Account 96
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ESG and shareholder value: Making the case for sustainable investment

ThomsonReuters

Blog home Companies on the fence about investing in Environmental, Social, and Governance (ESG) initiatives typically want to know three important things: Will the investment return value to shareholders in the long run? Where will the supposed cost savings and efficiencies gained from ESG investment come from? How will investing in ESG improve the companys profile and make it more competitive?

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The ESOP alternative for accountants

Accounting Today

Independent CPA and accounting firms are showing new interest in employee ownership strategies.

Account 59
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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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Proceedings Can be Initiated Under Section 74 Even After Dropping of Proceedings Under Section 73

VJM Global

The Show cause notice was issued to the petitioner under section 73 of the CGST Act and the proceedings were dropped post-furnishing response. Further, the notice was again issued to the petitioner under section 74 of the CGST Act alleging excess availment of ITC. With the same regard, the office of the DGGI had also issued notices to the petitioner to which the petitioner had submitted its reply.

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AI is Here to Stay: How the Accounting Industry Can Use the Tech Ethically

Insightful Accountant

A recent Intuit QuickBooks survey shows 98% of accountants have already used AI to help clients and their businesses. Intuit's Ted Callahan addresses why strategies are needed to ensure AI is leveraged ethically and effectively in accounting.

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Uber is Liable to Pay GST as E-commerce Operator On New Subscription Based Model

VJM Global

Held by Authority of Advance Ruling, Karnataka Advance Ruling No. KAR ADRG 38/2024 dated 4th November, 2024 Uber India Systems Private Limited (The Applicant) approached AAR, Karnataka to determine the applicability of GST on a new-subscription-based commission-free monetisation model. Under the new model, the app shall connect the drivers with the riders, however, the applicant shall not charge a commission for every ride.

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In the blogs: On the horizon

Accounting Today

Crypto's future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.

Tax 52
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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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Moss Adams Enters Salesforce Consulting Market By Acquiring Yurgosky Consulting

CPA Practice

With Yurgosky joining the firm, were excited to bring our clients a new set of technological solutions, particularly within the Salesforce environment, which is a first for us," said Moss Adams Chairman and CEO Eric Miles.

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KPMG grows global revenue to $38.4 billion

Accounting Today

KPMG International reported annual aggregated revenues of its member firms globally grew 5.1% for the 2024 fiscal year.

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Sikich Obtains Federal Contracts From Cherry Bekaert

CPA Practice

Six members from Cherry Bekaert Advisorys team are joining Sikich as a result of the transaction, bringing extensive experience in cost management and activity-based information to the Chicago-based accounting firm.

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Riding the Entrepreneurial Rollercoaster: Insights from Tom Conlon

Summit CPA

Tom Conlon, founder of North Street Creative, discusses his entrepreneurial journey and the cyclical nature of business.

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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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Armanino Launches Cloud Integration Platform

CPA Practice

The top 20 accounting firm has debuted CloudSync, a proprietary cloud integration platform that simplifies how businesses connect and manage essential third-party solutions.

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Paper proposes blockchain to track Scope 3 emissions

Accounting Today

A paper in the Accounting Review proposes using blockchain, smart contracts and NFTs to simplify the tracking of Scope 3 emissions for the purposes of carbon reporting.

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AI Lowers Barriers to Fraud Investigations

CPA Practice

The median duration of a fraud scheme is more than a year, with losses compounding the longer the plot goes on.

Account 52
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Moss Adams adds leading Salesforce consultancy

Accounting Today

The Top 25 Firm is merging in Yurgosky Consulting, which brings a suite of tools and services centered on the popular CRM system.

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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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Bridging Change and Opportunity to Thrive in 2025

CPA Practice

As many of us prepare for year-end and busy season while also balancing time off with friends and family during the holidays, its easy to push aside whats just around the corner: 2025.

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Correlation Between Gambling and Fraud?

FraudFiles

Employee fraud always has a cause. The cause is the motive, desire, or need that is being filled by the theft from ones employer. A need doesnt have to be a true need in order for fraud to occur, but can be a perceived need on the part of the thief. One common impetus for [.

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FASB Looks to Make Improvements to the Accounting for Environmental Credits and Environmental Credit Obligations

CPA Practice

The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.

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Achieving IDT compliance: How collaboration drives e-invoicing success

ThomsonReuters

Blog home In 2024, Poland, Romania, Denmark, and Malaysia are implementing electronic invoicing (e-invoicing) mandates that demand more tax data in real-time. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium and China, among others, have announced mandates to begin within a two-year period amidst a global surge in continuous transaction control (CTC) systems.

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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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QuickFee and PracticeERP Partner to Accelerate Payment and A/R Automation for Accounting Firms

CPA Practice

The new new integration is powered by QuickFee Connect and streamlines payment workflows, accounts receivable processes, and client experience touchpoints for users of both platforms.

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Tax Cuts and Jobs Act Sunsetting in 2025

Withum

The Tax Cuts and Jobs Act (TCJA) enacted several tax rate cuts when it was enacted in 2017. This included a reduction of the C Corporation rate to 21% and a temporary provision that allowed owners of S Corporations and Partnerships a reduction of their taxes by deducting an additional 20% of the taxable profit from their businesses. Business owners in many industries benefit from this extra deduction including, those in consumer products , food , manufacturing , and the restaurant industries.

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Proceedings Can be Initiated Under Section 74 Even After Dropping of Proceedings Under Section 73

VJM Global

The Show cause notice was issued to the petitioner under section 73 of the CGST Act and the proceedings were dropped post-furnishing response. Further, the notice was again issued to the petitioner under section 74 of the CGST Act alleging excess availment of ITC. With the same regard, the office of the DGGI had also issued notices to the petitioner to which the petitioner had submitted its reply.

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GBQ Acquires Lillie & Co. and Lillie Resource Group

CPA Practice

The Columbus, OH-based top 100 accounting firm has expanded its services for credit unions and financial institutions by acquiring CPA firm Lillie & Co. and its affiliate Lillie Resource Group.

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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.