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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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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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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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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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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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.

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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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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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FASB proposes environmental credits ASU

Accounting Today

The proposed ASU provides recognition, measurement, presentation and disclosure requirements related to environmental credits and environmental credits obligations.

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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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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.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

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

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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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The ESOP alternative for accountants

Accounting Today

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

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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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In the blogs: On the horizon

Accounting Today

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

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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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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How To Break Digital Transformation Barriers And 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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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.

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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.

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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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PE Partner Reveals the Real Reason Private Equity is Going Crazy For Accounting

Going Concern

The quotes you’re going to read below were shared in last Friday’s Footnotes but we thought it prudent to give the topic its own post because private equity is quickly gobbling up accounting firms at an increasingly rapid pace and surely we’ve all been asking what’s going to happen to these investments in the long-term. Jason Berg, a partner at Lovell Minnick Partners ( who made a minority investment in #47 firm Cohen & Co. in October), spoke to a publication called M

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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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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To File or Not to File: Navigating BOI Reporting After the Texas Injunction

RogerRossmeisl

The landscape of compliance with the Beneficial Ownership Information (BOI) Reporting requirement under the Corporate Transparency Act (CTA) has changed dramatically following a recent federal court decision. Heres what businesses need to know about the current status and next steps. Background on the Corporate Transparency Act The CTA mandates that certain businesses report detailed information about their beneficial owners, officers, and control persons to the Financial Crimes Enforcement Netw

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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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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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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.