AccountingDepartment

DECEMBER 24, 2024

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

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CPA Practice

DECEMBER 24, 2024

FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.

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Accounting Today

DECEMBER 24, 2024

Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good, according to a recent survey.

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Anders CPA

DECEMBER 24, 2024

Nexus is the connection between a business and a state that allows the state to impose tax on the business. Economic nexus has gained particular importance in the years following the South Dakota v. Wayfair decision , which created a precedent for states imposing sales tax on out-of-state businesses selling in their state. Additionally, online sales pose new challenges for businesses in determining where they have triggered nexus.

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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.

Finance

Accounting Today

DECEMBER 24, 2024

H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.

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tax return Tax 97

Withum

DECEMBER 24, 2024

On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland issued an order granted the governments motion for a temporary stay of the district courts order imposing a nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. This means that BOI reporting is required, and unless and until FinCEN comes out with additional guidance granting some sort of temporary reprieve or filing grace period, the filing dea

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Nancy McClelland, LLC

DECEMBER 24, 2024

My feelings regarding how FinCEN has handled Beneficial Ownership information (BOI) under the Corporate Transparency Act (CTA) are best left unexpressed. With all the insanity about Beneficial Ownership Information (BOI) reporting these past few weeks — first the nationwide injunction preventing FinCEN from enforcing the Corporate Transparency Act (CTA)… then the House passing a Continuing Resolution (CR) that would give us all a year-long delay while the various court challenges mad

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Accounting Today

DECEMBER 24, 2024

The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.

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Summit CPA

DECEMBER 24, 2024

One very useful tool for a business is a breakeven analysis. What exactly is a breakeven analysis ? Its similar to what you think of it as for your personal finances (bills equal income coming into your household). Your breakeven point is when your business costs equal business income. There are no profits, but there are also no losses. The breakeven point will give you an idea of where your business is and where it can go.

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Accounting Today

DECEMBER 24, 2024

After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.

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Advertiser: Paycor

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!

payroll

CPA Practice

DECEMBER 24, 2024

In this special report, learn what accounting firms have done to ramp up this approachable yet lucrative advisory service quickly.

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Accounting Today

DECEMBER 24, 2024

BOI is back; phantom stocks; continuous compliance; and other highlights from our favorite tax bloggers.

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Insightful Accountant

DECEMBER 24, 2024

Please be safe as you observe this holiday season.

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Accounting Today

DECEMBER 24, 2024

Proposed regs for the corporate alternative minimum tax may place a major burden on smaller partnerships.

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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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Going Concern

DECEMBER 24, 2024

As reported by Journal of Accountancy last week , the AICPA has asked the SEC not to approve the PCAOB’s new Firm and Engagement Metrics rules approved by the audit regulator in November. The rule requires reporting of metrics at both the firm and the engagement levels. Those metrics are (text taken directly from the PCAOB ): Partner and Manager Involvement.

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Accounting Today

DECEMBER 24, 2024

The extra year of education is turning away potential CPAs, especially when they can pursue alternative careers with just a four-year degree.

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Anders CPA

DECEMBER 24, 2024

Entities that are considered reporting companies, with some exceptions, are once again required to file beneficial ownership information (BOI) with FinCEN , a federal Court of Appeals ruled on December 23, 2024. Reporting companies have new deadlines to file based on their creation or registration date. Originally, the first wave of reporting companies was expected to file their reports by January 1, 2025, but the Department of the Treasury has granted additional time to comply.

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RogerRossmeisl

DECEMBER 24, 2024

Following a significant federal Court of Appeals decision on December 23, 2024, the Financial Crimes Enforcement Network (FinCEN) has once again mandated that reporting companies file Beneficial Ownership Information (BOI). However, recognizing the confusion and delay caused by a recent preliminary injunction, FinCEN has graciously extended the deadline for compliance.

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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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Withum

DECEMBER 24, 2024

On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland issued an order lifting the district courts December 3 rd preliminary nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. Later that day, FinCEN issued guidance on its website acknowledging the decision and granting various filing extensions, as follows: For entities created or registered before 2024, the filing deadline was extended from Dece

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Texas tax services Tax 52

RogerRossmeisl

DECEMBER 24, 2024

In a significant legal development, a U.S. Appeals Court has lifted a temporary block on the enforcement of a key anti-money laundering law, known as the Beneficial Ownership Information (BOI) reporting requirement. This decision ensures that the January 1, 2025, deadline for reporting will proceed as planned. On Monday, a three-judge panel from the 5th U.S.

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ThomsonReuters

DECEMBER 24, 2024

Blog home The embroiled process to a three-month stopgap measure for avoiding a government shutdown at the 11th hour on December 20, 2024 may be an indicator of future challenges Congress could face in the new year regarding tax reform. Many provisions in the Tax Cuts and Jobs Act (TCJA) will expire at the end of 2025. Although Republicans will control both the House and Senate, the margins are razor thin, leaving little room for division.

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