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Small and midsize businesses (SMBs) are turning to cloud accounting platforms for automation and streamlined accounting. But many find them insufficient for advanced reporting and data analysis.
S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. They offer a unique blend of benefits, including pass-through taxation and limited liability protection. However, navigating the tax landscape for S Corps can be complex.
Hosts Brian Tankersley, CPA, and Randy Johnston review Syft Analytics , which lets professionals generate everything from reports through integrated forecasts and consolidations, to make better business decisions with their financial data. Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
In early 2020, the International Association of Fire Chiefs (IAFC) realized its financial reporting needed to be timelier and more accurate. The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.
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Forvis Mazars, ranked among the largest public accounting and consulting firms in the United States, is expanding its presence in Florida with the addition of MSL, effective November 1. MSL has a 50-year legacy of building deep relationships with its clients across Florida. This strategic acquisition significantly bolsters Forvis Mazars’ growing presence in the state by adding approximately 120 professionals, including 14 partners, and three new office locations in Orlando, Fort Lauderdale, and
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SafeSend, the leading provider of automation technology for tax and accounting professionals, announced Client Portal, a new feature within its flagship product, SafeSend One. Client Portal provides taxpayers with a dashboard to seamlessly manage all tasks and documents throughout the tax lifecycle, addressing key challenges for both firms and their clients.
SafeSend, the leading provider of automation technology for tax and accounting professionals, announced Client Portal, a new feature within its flagship product, SafeSend One. Client Portal provides taxpayers with a dashboard to seamlessly manage all tasks and documents throughout the tax lifecycle, addressing key challenges for both firms and their clients.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.
This webinar will be held on Monday, November 18, 2024 at 1:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now Upon completion of this session, you will be able to: Discuss strategies for confidently setting fair prices that reflect the value you provide. Summarize the ways in which identifying and concentrating on a niche market can drive business growth and improve the client experience.
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We have been made aware of the start of criminal activity using both text messages and emails to try and steal bank details by playing on older people's concerns about the Winter Fuel Payment.
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After a damning verdict on the inheritance of the public finances from the previous conservative government, the Chancellor, Rachel Reeves, has delivered the first Labour budget in over 14 years.
When a closely-held business is part of a divorce, the income of the business must be examined. It is not unusual for a business like this to suddenly see a decline in revenue, and increase in expenses, or both shortly after divorce is filed. It is often not a coincidence that the financial health of [.
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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Partnership Gives Syrinx Users A Cloud-Based Accounting Solution Point of Rental announced a new integration between Syrinx and AccountsIQ , providing hire businesses with a powerful, cloud-based financial management solution. Designed for companies outgrowing their entry-level systems, AccountsIQ offers advanced financial capabilities without the complexity or cost of a full ERP.
The contribution limit for 401(k) retirement plans is going up in 2025 — but not for individual retirement accounts, the IRS announced on Nov. 1. The amount individuals can contribute to their 401(k) plan in 2025 will increase to $23,500, up from $23,000 in 2024 , according to the tax agency. The increase covers those who participate in 403(b) and most 457 plans, as well as the federal government’s Thrift Savings Plan.
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