Filing trends to watch during the 2025 tax season
Accounting Today
FEBRUARY 13, 2025
As the new year's tax season begins, a look back at lessons from the 2024 filing season.
Accounting Today
FEBRUARY 13, 2025
As the new year's tax season begins, a look back at lessons from the 2024 filing season.
BurklandAssociates
FEBRUARY 11, 2025
Avoid payroll pitfallslearn the essential taxes every startup must pay and how to stay compliant with IRS and state regulations. The post Payroll Taxes for Startups: What Do I Have to Pay? appeared first on Burkland.
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CPA Practice
FEBRUARY 5, 2025
New data from theNational Student Clearinghouse Research Centershows a12% increase in fall 2024 accounting enrollment compared to fall 2023. The increase amounted to an additional 28,672 students.
CPA Practice
FEBRUARY 3, 2025
Through my experience speaking with accounting students and reflecting on my own journey, Ive identified five key areas where we can bridge the gap between education and practice.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
AccountingDepartment
FEBRUARY 19, 2025
Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.
Ryan Lazanis
FEBRUARY 20, 2025
Save time and effort with accounts receivable automation - the powerful solution to automate a manual accounting process. Learn more here! The post Accounts Receivable Automation: The Complete Guide appeared first on Future Firm.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
FEBRUARY 4, 2025
Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI). The 2024 Tax Firm Technology Report highlights that 93% of large tax and accounting firms are either actively using, exploring, or considering AI technologie
Patriot Software
FEBRUARY 27, 2025
One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult.
GrowthForceBlog
FEBRUARY 21, 2025
8 min read February 21st, 2024 For many small and medium-sized enterprises (SMEs), the end of the fiscal year coincides with the end of the calendar year. This means it is time for financial leaders to begin closing the financial books. Key Takeaways Reconcile Transactions and Accounts: This step in the process can be tedious because you have to look through minute details while paying exceptional attention to detail.
RogerRossmeisl
FEBRUARY 16, 2025
When deciding on the best structure for your business, one option to consider is a Ccorporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Heres a detailed look at the pros and cons of operating as a C corporation. Tax implications A C corporation allows the business to be treated and taxed separately from you as the principal owner.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
TaxConnex
FEBRUARY 13, 2025
Online businesses looking to do business on Native American tribal lands in the U.S. should know that sales tax obligations for these sovereign nations and territories resemble those obligations in other areas of the U.S. but can differ in important ways. Areas such as the Navajo Nation have tribal sovereignty; for tax purposes, this means their sales tax laws are separate from the states within which they reside.
BurklandAssociates
FEBRUARY 18, 2025
Strategies and best practices to help your biotech startup attract top talent, build a strong team, and drive innovation for long-term success. The post A Founders Guide to Building a Biotech Dream Team appeared first on Burkland.
Accounting Today
FEBRUARY 24, 2025
Time will tell how a federal hiring freeze, Elon Musk's push for efficiency and new tax-focused legislation will shape the path of the Internal Revenue Service.
CPA Practice
FEBRUARY 24, 2025
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
MyIRSRelief
FEBRUARY 21, 2025
Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high. Unpaid back taxes, EDD audits, penalties, and unresolved tax issues can lead to financial strain, legal complications, and even the risk of business closure.
RogerRossmeisl
FEBRUARY 16, 2025
When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand. Deferred interest Series EE Bonds dated May 2005 and after earn a fixed rate of interest.
Acterys
FEBRUARY 11, 2025
When it comes to managing and analyzing your data, staying agile and collaborative is essential. One key enabler for this agility is the ability to write back directly to your data models from within Power BI. Acterys takes this functionality to the next level by allowing users to seamlessly input, update, and manage data in real-time all while working directly in their Power BI dashboards.
BurklandAssociates
FEBRUARY 4, 2025
By avoiding these common Series A mistakes, youll improve your odds of securing funding and position your startup for long-term success. The post 8 Series A Fundraising Mistakes to Avoid appeared first on Burkland.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Accounting Today
FEBRUARY 6, 2025
Nine states are cutting their individual income tax rates in 2025.
CPA Practice
FEBRUARY 20, 2025
To avoid mistakes and potential processing delays, taxpayers should refrain from filing until they have received all necessarytax documents. Taxpayers should always carefully review documents for inaccuracies or missing information.
Withum
FEBRUARY 24, 2025
In this episode of Cryptonomix, Mark Eckerle sits down with Chris Groshong, President at CoinStructive.
RogerRossmeisl
FEBRUARY 23, 2025
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Acterys
FEBRUARY 19, 2025
At Acterys, we believe in fair competition, and we welcome comparisons that allow potential clients to make informed decisions. However, when competitors resort to spreading misinformation and misleading claims, its essential to address these inaccuracies head-on. Recently, we’ve encountered false narratives about our solution from some competitors.
BurklandAssociates
FEBRUARY 25, 2025
Building a scalable Chart of Accounts for your AI startup means aligning standard accounting practices with the unique challenges of a fast-evolving sector. The post Creating a Scalable Chart of Accounts for an AI Startup appeared first on Burkland.
Accounting Today
FEBRUARY 20, 2025
The threatened layoffs of Internal Revenue Service employees appeared to be underway Thursday, with estimates of between 6,000 and 7,000 employees being laid off at the agency in the middle of tax-filing season.
CPA Practice
FEBRUARY 19, 2025
The beneficial ownership reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunctionthat had put the mandatory small business filings on hold since last December.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Going Concern
FEBRUARY 13, 2025
Although we haven’t fully decided whether accountants are knowledge workers or manual laborers so long as accountants’ output is predominantly measured in billable hours, this recent paper as reported in 404 Media seems relevant to the sector nonetheless. Emanuel Maiberg writes : A new paper from researchers at Microsoft and Carnegie Mellon University finds that as humans increasingly rely on generative AI in their work, they use less critical thinking, which can result in the deteri
RogerRossmeisl
FEBRUARY 23, 2025
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025.
Ryan Lazanis
FEBRUARY 26, 2025
There's always room to improve your client experience. In this episode, I share how this question by Jeff Bezos can help your firm. The post If the System Was Magic, What Would It Do? appeared first on Future Firm.
Patriot Software
FEBRUARY 27, 2025
Getting funding for your business is no walk in the park, especially if youre just starting up. But in order to keep your business dream alive, you need capital. Depending on what stage your business is in, you might seek funding from a venture capitalist (VC) or angel investor.
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.
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