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The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Limits on Deduction of Business Interest Every business, regardless of its form, is generally subject to a disallowance of a deduction for net interest expense in excess of 30% of its adjusted taxable income (ATI).
Founders usually know how much runway they have, but may not be budgeting for their startup with an explicit system. While this can work for a time, investors want to see clear, data-backed strategies for how their money will be or is being used to deliver returns. This guide will walk you through the essential steps to develop a budget that supports growth and helps make a strong business case for prospective investors.
From January 2025, new climate reporting legislation will be introduced. It will require big businesses in Australia to track their carbon emissions and include the results in sustainability reports , which they’ll need to submit alongside their other annual reporting obligations. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.
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Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. By implementing a digital tax workflow that automates repetitive tasks and integrates cloud-based collaboration tools, accounting firms and tax preparers can streamline the entire business tax return process from start to finish.
Streamlining your workflow isn’t just about saving time—it’s about eliminating the frustration of repetitive, labor-intensive tasks that can weigh us down as accountants. But knowing when to use each tool can be the difference between smooth operations and a tangled mess. Liz Scott , an accounting technology trainer, breaks down the differences between Client Requests and Client Email Templates in Canopy and when to use each for maximum efficiency.
Top 50 accounting firm BerryDunn has merged with Connecticut-based accounting, tax, and advisory firm Burzenski & Co., effective Dec. 1. According to the deal, Burzenski & Co. will assume the BerryDunn name and continue to operate from its office in East Haven, CT. Established in 1983, Burzenski is well-known for its work with veterinary practices and the construction industry.
Single and Married Filing Separately 2024 DEDUCTION: $14,600 2025 DEDUCTION: $15,000 Married Filing Jointly and Surviving Spouses 2024 DEDUCTION: $29,200 2025 DEDUCTION: $30,000 Head of Household 2024 DEDUCTION: $21,900 2025 DEDUCTION: $22,500 Individual Tax Brackets and Rates Individual Long-Term Capital Gains Tax Brackets General Income Tax Planning Postpone income until 2025 and accelerate deductions into 2024.
Top 25 accounting firm Cherry Bekaert has acquired DeBlanc, Murphy & Murphy, a Waldorf, MD-based CPA firm specializing in accounting, tax, and advisory services. Financial terms of the deal weren’t disclosed. The combined team will operate under the Cherry Bekaert brand. As is typical for firms that operate in an alternative practice structure, the transaction consists of two acquisitions: Cherry Bekaert Advisors LLC acquired DeBlanc, Murphy & Murphy’s nonattest assets, while Cherry Beka
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Intuit Inc., the financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, is collaborating with fintech firm Adyen to help small and mid-market businesses more easily manage electronic payments. The two companies will initially integrate Adyen’s embedded payment services into Intuit’s business platform through QuickBooks Online which enables approximately 2.9 million invoices to be sent monthly in the UK.
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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
LeaseCrunch LLC , a leading lease accounting software company with over 650 CPA firm customers, has merged with Finagraph, a software provider specializing in real-time data collection and analysis through integration with industry-leading ERP and accounting systems. This merger expands the combined company’s reach to a global CPA firm customer base of over 750, furthering LeaseCrunch’s mission to simplify complexity and enhance client collaboration for CPA firms.
Two accounting firms in Media, PA, combined on Dec. 2: Barsz Gowie Amon & Fultz (BGA&F) and William E. Howe & Co. The office of William E. Howe & Co. will become a BGA&F location, operating under the Barsz Gowie Amon & Fultz name until the lease expires in September 2025. At that time, the office will consolidate with BGA&F’s offices, according to a media release.
The Public Company Accounting Oversight Board sanctioned Raines & Fischer and three of its partners for attempting to deceive inspection staff and other violations.
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.
The CPA branch of Grant Thornton, one of America’s largest audit, assurance, tax and advisory services firms, has been named the 2024 “U.S. Audit Firm of the Year” by Private Equity Wire. The Private Equity Wire U.S. Awards recognize excellence among private equity fund managers and service providers in the U.S., across a wide range of categories. This accolade marks the firm’s second consecutive recognition by this organization, having been previously named “Best Middle Market Firm” in 2023.
In this episode of Canopy Practice Success , Bianca Carey shares her journey of becoming a trailblazing leader in the accounting industry. Starting as a teenager learning the basics, she climbed the ranks to serve as a city CFO by 25, later transitioning into private practice and growing her firm to serve over 1,500 clients.
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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Top 200 accounting firm BeachFleischman has entered the Las Vegas market and expanded its cannabis practice by acquiring Indiva Advisors, a CPA firm that provides specialized accounting, advisory, and tax expertise to businesses in the cannabis industry, effective Nov. 1. Financial terms of the deal weren’t disclosed. As part of the deal, Indiva will practice as BeachFleischman PLLC and continue to operate from its existing Las Vegas office.
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.
LeaseCrunch LLC today announces its merger with Finagraph, a software provider specializing in real-time data collection and analysis through integration with industry-leading ERP and accounting systems.
Top 200 accounting firm LGA has combined with McGaunn & Schwadron CPAs, a Needham, MA-based accounting firm known for providing services to veterinary and dental professionals. In a media release, LGA says the merger broadens its industry expertise, allowing the firm to deliver more solutions to healthcare professionals. Founded by Mark McGaunn, McGaunn & Schwadron is a veterinary and dental practice accounting firm, providing guidance in tax planning, financial management, valuations, a
Many of the cases I work currently focus on the tracing of funds through multiple bank, brokerage, and credit card accounts. I am typically working with tens of thousands of transactions at a time, so the sheer volume of the data could be overwhelming. I use a proprietary system that allows me to capture, manage, [.
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