Anders CPA

DECEMBER 10, 2024

As the end of the year approaches, its time to make sure youre taking advantage of every opportunity to reduce your tax bill for the upcoming tax year. From strategic gifting and charitable donations to payroll deductions and Roth conversions, heres your comprehensive guide to getting a head start on 2025 tax season. Annual Gift Tax Exclusion The annual gift tax exclusion for 2025 will increase to $18,000 for individuals and $36,000 for married couples.

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TaxConnex

DECEMBER 10, 2024

TaxConnex is paving the way for a new category of sales tax management services UPSOURCING. Building on our strong foundation of sales tax advisory services and managed sales and use tax filing and remittance services, we are introducing two powerful new solutions into our portfolio: Sales Tax Calculation Software: Designed to simplify the process of calculating the proper sales tax, this software integrates seamlessly with a variety of business systems and shopping carts to provide precise, re

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BurklandAssociates

DECEMBER 10, 2024

By setting up clear, fair compensation ranges from the start, youll put your startup on a path to success where your business and your employees can thrive. The post Why Building a Compensation Model is Critical for Startups appeared first on Burkland.

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Accounting Today

DECEMBER 10, 2024

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

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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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

CPA Practice

DECEMBER 10, 2024

Client advisory services (CAS) is poised to continue its impressive trajectory as the fastest growing service area in public accounting, according to the newly released 2024 CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey report. The survey polled more than 200 U.S. firms with CAS offerings and collected data from the 2023 calendar year.

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Accounting Today

DECEMBER 10, 2024

A primer on WISPs from the Internal Revenue Service can get practitioners started on setting up this required plans.

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Withum

DECEMBER 10, 2024

Related Insights Guide to 1099 Preparation: What You Need to Know for 2024 Read More Understanding Cash vs. Accrual Accounting Read More Financial Forecasting: How 3-Way Forecasts Help Predict Future Business Performance Read More Sign up to get the latest OASyS updates by email. Subscribe The post The CFO Spotlight: Stories of Growth and Strategy appeared first on Withum.

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ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

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Wellers Accounting

DECEMBER 10, 2024

UK statutory maternity pay explained for employers. How much leave employees are entitled to, how much to pay them, and claiming the money back from HMRC.

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ThomsonReuters

DECEMBER 10, 2024

Jump to Overview of the recent halting Implications for tax and accounting professionals What’s next? Staying prepared amidst regulatory uncertainty Catch up with the Corporate Transparency Act below More on the Corporate Transparency Act Are you ready? The Corporate Transparency Act became effective Jan 1, 2024 Navigating the Corporate Transparency Act: Key implications and considerations Corporate Transparency Act FAQs The Corporate Transparency Act (CTA) has been a pivotal piece of le

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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.

Technology

Xero

DECEMBER 10, 2024

With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries.

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CPA Practice

DECEMBER 10, 2024

The IRS on Dec. 2 awarded $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants for 2025 to organizations that provide free federal tax return preparation. For the period from Oct. 1, 2024 to Sept. 30, 2025, the IRS awarded grants to 41 TCE and 315 VITA applicants. The IRS received 445 applications requesting more than $82.9 million in funding.

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Accounting Today

DECEMBER 10, 2024

BOI on hold; the TCJA and future budgets; using private equity; and other highlights from our favorite tax bloggers.

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ThomsonReuters

DECEMBER 10, 2024

Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services. This transition, however, requires a shift in both mindset and business model, as well as a stronger role for technology.

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Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Accounting Today

DECEMBER 10, 2024

Sellers will have the ability to bring their existing Amazon data into Intuit's accounting software.

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Canopy Accounting

DECEMBER 10, 2024

What's new: Practitioners can now send an invoice to many clients at the same time. As previously announced, they can also invoice one client representing a group of related clients.

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Accounting Today

DECEMBER 10, 2024

Cherry Bekaert acquires Katz Nannis + Solomon; Aprio adds Pontiff + Associates and Elite Tax & Accounting; Platform Accounting Group merges in DHS Advisors; and Delucchi Hawn joins PP&Co.

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CPA Practice

DECEMBER 10, 2024

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. Eide Bailly Welcomes Chad Martin as Principal in the National Tax Office, Leading Transfer Pricing Practice Eide Bailly, a nationally recognized certified public accounting and business advisory firm recently welcomed Chad Martin as Principal in the National Tax Office.

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Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Withum

DECEMBER 10, 2024

Market volatility presents significant challenges for U.S. M&A activity. Volatile markets make it difficult for companies to accurately forecast future earnings and assess risk. Buyers may hesitate, uncertain if the price will hold long-term value, while sellers may delay, hoping for a market upswing. This hesitation on behalf of buyers and delay on behalf of sellers can stall out deals, impacting overall deal flow and dampening investor confidence.

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CPA Practice

DECEMBER 10, 2024

LeaseCrunch LLC , a lease accounting software company, will host a webinar entitled 2025 Game Plan: Advanced Year-End Lease Accounting on December 17 at 1:00 p.m. CST. Designed for finance professionals and accountants, this session will provide critical tools and best practices to streamline year-end lease accounting. With year-end accounting processes being more complex due to ASC 842, IFRS 16 and GASB 87 standards, LeaseCrunchs experts will guide attendees through the most challenging aspects

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Summit CPA

DECEMBER 10, 2024

Mergers and acquisitions: a situation where you can't be overprepared. With more preparation, youll have a more lucrative, smoother M&A process from beginning to end.

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CPA Practice

DECEMBER 10, 2024

BILL, a financial operations platform for small and midsize businesses, has launched a new 1099 Filing offering that allows businesses to file their 1099 taxes within the BILL Financial Operations Platform. With these new capabilities as part of BILLs flagship accounts payable solution, SMBs and the accounting professionals who serve them can now quickly and easily prepare and file their 1099 forms in the same place they pay and manage their vendors year-around.

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Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Accounting Today

DECEMBER 10, 2024

The acquisition of Australian fund manager Perpetual Ltd.'s wealth management business is in danger of collapsing after the deal was hit by an unexpected tax bill.

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CPA Practice

DECEMBER 10, 2024

By Ken Berry. If an individual receives an award or legal settlement attributable to a personal injury or illness, they normally dont owe any federal income tax on the payment. However, the onus is on the individual to prove a direct cause. As shown in a new case involving a claim of post-traumatic stress disorder (PTSD), Estate of Finnegan, TC Memo 2024-42, 4/10/24 , the supporting documentation can be critical.

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Accounting Today

DECEMBER 10, 2024

A move to increase an unusual tax on cloud computing risks adding to a broader technology industry downturn to derail progress in the third-largest U.S. city.

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Technology Tax 52

VJM Global

DECEMBER 10, 2024

Considering the representations received from the industry about the difficulty in filing IGCR-3 monthly statements online on the ICEGATE portal, the CBIC has permitted manual filing of IGCR-3 by 31st January 2025 through circular No. 25/2024-Customs dated 21st November 2024. 1. Background The Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 allows the importer to import goods at concessional rate of duty subject to the condition that such goods are use

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Tax 52

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

Accounting Insight

DECEMBER 10, 2024

Grace Hardy started her accounting practice ‘Hardy Accounting’ at 21 years old after gaining her qualification during her apprenticeship. She now advocates for financial education and speaks about her journey on social media inspire other young people to start their own businesses. How did you get into the profession? It was by mistake! I was originally looking at economic apprenticeships but unfortunately, I didn’t get them so very naively at 17 I thought what is the closest t

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Canopy Accounting

DECEMBER 10, 2024

The key to success in any business is building lasting relationships with clients. However, managing relationships is complicated due to numerous human factors. People are still people even in business.

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Accounting Insight

DECEMBER 10, 2024

Economic uncertainty, rising costs, and shifting regulations are pushing many UK businesses to consider restructuring as a strategy for survival and growth. Restructuring can help manage debt, adapt to changing market conditions, and position businesses for future opportunities. However, the increasing pace of company insolvencies highlights the urgent need for proactive financial management and early intervention.

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Xero

DECEMBER 10, 2024

Payroll year-end can be a busy time for businesses as they navigate deadlines, submission dates, and HMRC rules. Without enough planning, year-end has the potential to be highly stressful. Learn the essentials of payroll end-of-year submission, including common challenges and ways to tackle them. What is HMRC payroll year end? Payroll year-end sees a business wrap up the tax year for payroll purposes.

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