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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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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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 Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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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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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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More Trending

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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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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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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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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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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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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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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.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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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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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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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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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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The ESOP alternative for accountants

Accounting Today

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

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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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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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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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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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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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FASB Taxonomies for 2025 Are Now Available

CPA Practice

The Financial Accounting Standards Board released the 2025 GAAP Financial Reporting Taxonomy, which contains updates for accounting standards, and four other taxonomies on Dec. 16.

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.