RogerRossmeisl

SEPTEMBER 29, 2024

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. The post 2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers appeared first on Roger Rossmeisl, CPA.

Tax 181

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RogerRossmeisl

SEPTEMBER 18, 2023

Effective for plan years beginning January 1, 2024, SECURE 2.0 The post Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies? One provision in the law is that eligible employers will soon be able to provide more help to staff members facing emergencies. This is on top of the ordinary tax that may be.

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Acterys

OCTOBER 11, 2024

Acterys has been named a Champion in the 2024 Enterprise Performance Management (EPM) Quadrant by SoftwareReviews. out of 10 — the highest of all EPM software vendors in the 2024 rankings — Acterys continues to demonstrate its leadership in the market. “Our With a composite score of 9.2

accounting and finance 130

accounting and finance Finance accountant accounted 130

BurklandAssociates

OCTOBER 9, 2024

The post Significant Tax Changes for California Startups Beginning in Tax Year 2024 appeared first on Burkland. California’s new tax laws limit NOL deductions and tax credits for startups, raising potential tax burdens. Here’s what founders need to know to stay ahead.

California 147

California Tax 147

CPA Practice

JUNE 4, 2024

The 2024 awards were presented on the main stage at during the AICPA ENGAGE conference at the Aria Resort and Casino in Las Vegas on June 4, 2024. Nominations for 2025 will open in November 2024 at the Women’s Global Leadership Conference.

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Accounting Today

SEPTEMBER 26, 2024

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

tax planning 122

tax planning Tax 122

CPA Practice

JULY 16, 2024

Chicago-based RSM US brought in $4 billion in revenue during the firm’s most recent fiscal year, with consulting driving business growth, according to its FY 2024 Impact Report. The firm reached the $4 billion mark after a nearly 8% increase in revenue in FY 2024, up from $3.7 billion in FY 2023. “We

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CPA Practice

OCTOBER 14, 2024

Nominations for the 2024 Awards are now open. Once selected, award winners are asked to identify the key individuals who have influenced them in their careers, where they see the profession heading, and how others can prepare for these changes. == Nominate a professional for the 2024 4 0 Under 40 or 20 Under 40 award.

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CPA Practice

NOVEMBER 22, 2024

The limit on employee deferrals to 401(k) plans, the most popular type of employer-provided qualified retirement plan in the land, is increasing from $23,000 in $2024 to $23,500 in 2025. If you’re age 50 or older, you can kick in an extra $7,500 “catch-up contribution” (the same as in 2024). Tax bonus: Under the SECURE 2.0

Tax 111

Tax 111

Accounting Today

AUGUST 8, 2024

31, 2024. The Internal Revenue Service is paying out more claims for the Employee Retention Credit program even as it gives the claims greater scrutiny, and is moving the moratorium on processing new claims from Sept. 14, 2023 to Jan.

Tax 133

Tax 133

CPA Practice

NOVEMBER 22, 2024

CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

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CPA Practice

SEPTEMBER 13, 2024

The 2024-25 academic year TSCPA Educational & Memorial Foundation scholarship recipients are listed on the TSCPA website at www.tscpa.com/education/college. The Texas Society of Certified Public Accountants (TXCPA) has opened registration for the 2024 TXCPA Accounting Education Conference.

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CPA Practice

NOVEMBER 7, 2024

7 released financial information and highlighted selected accomplishments and challenges in its fiscal year 2024 Financial Report. During fiscal year 2024, the IRS collected more than $5.1 The IRS on Nov. An unmodified opinion means the financial statements are presented fairly, in all material respects, in accordance with U.S.

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CPA Practice

AUGUST 14, 2024

Xero CEO Sukhinder Singh Cassidy addresses Xerocon 2024. Xero chief product and technology officer Diya Jolly speaks to attendees at Xerocon 2024. James Bergin, Xero executive manager of technology research and advocacy, speaks to attendees at Xerocon 2024. Credit: CPA Practice Advisor. Credit: CPA Practice Advisor.

Technology 122

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CPA Practice

NOVEMBER 16, 2024

The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. Reporting and documenting QCDs For 2024, QCDs should be reported on the 2024 tax return.

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tax return income tax Tax 114

CPA Practice

SEPTEMBER 19, 2024

The new tax season of 2024 brings multiple changes and updates, which makes it a rather challenging time for all tax professionals. Note : The spring 2025 tax filing season is when taxpayers report their 2024 income and related matters to the IRS, so it’s important to keep up with the laws as they applied during the previous calendar year.

Tax 132

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CPA Practice

OCTOBER 8, 2024

In response to Hurricane Helene’s recent devastation and Hurricane Milton’s impending landfall, Wolters Kluwer Tax & Accounting is highlighting tax relief opportunities available to those affected by natural disasters in 2024. They can choose to claim these losses in the year they were incurred (i.e.,

South Carolina 116

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CPA Practice

NOVEMBER 26, 2024

More than 2 in 5 holiday shoppers (42%) plan to shop online this season, according to Bankrate’s 2024 Early Holiday Shopping Survey. Further, more than half of Americans (54%) say they made at least one impulse purchase last holiday season, according to Bankrate’s 2024 Holiday Spending Report. ©2024 Bankrate.com.

Retail 105

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CPA Practice

DECEMBER 6, 2024

Staff report IRS Criminal Investigation (IRS-CI) released its fiscal year 2024 annual report on Dec. 5, which details significant cases involving crimes ranging from tax fraud to cybercrime, enhanced domestic and foreign partnerships, and investigative statistics from Oct. 1, 2023, to Sept.

Tax 94

Tax Sales 94

Insightful Accountant

DECEMBER 2, 2024

In a significant development for tax practitioners and their small business clients, the IRS has established new transitional thresholds for Form 1099-K reporting through Notice 2024-85.

Tax 98

Tax 98

CPA Practice

DECEMBER 6, 2024

Brian Tankersley, CPA, and Randy Johnston provide a recap of the 2024 CCH Connections user conference. And in this session, were going to cover the CCH user connection conference of 2024 now Im fortunate enough I have attended every single cch user conference, and this years version, I think, was one of the better ones Ive been to in a while.

Technology 96

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Xero

DECEMBER 9, 2024

The post What’s new in Xero December 2024 appeared first on Xero Blog. Check out the full list of what’s new this December in the product release notes on Xero Central , and view the previous product update on the Xero Blog.

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TaxConnex

AUGUST 1, 2024

The repeal kicks in after 2024. 1, 2024, and before July 1, 2025. Sales tax holidays ’ financial relief is debatable but their popularity among states continues, often as political tools to give taxpaying constituents a purported break and local retailers more foot traffic.

North Carolina 264

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TaxConnex

FEBRUARY 13, 2024

To help financial leaders better understand what their peers are doing when it comes to sales and use tax in 2024, TaxConnex® conducted its fourth annual sales tax survey in November of 2023. If you’re struggling with how to manage sales tax in 2024, consider outsourcing. Their responses are included in the following blog.

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CPA Practice

NOVEMBER 26, 2024

26, 2024 Thanksgiving and Christmas are here, and that means the end of the year is coming up soon, and tax season will follow soon after. Last Minute Tax Tips for the End of 2024: 12 year-end tax tips for 2024 (From Fidelity Investments) 4 Last-Minute Ways to Reduce Your Taxes (From Intuit TurboTax) Tax Refund Estimators: [link] [link]

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Accounting Today

DECEMBER 4, 2024

The most influential people in the field, as chosen by their peers.

public accounting 132

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CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Award winners are listed in alphabetical order. == 2024 Award Winners: Batch Extensions, from HubSync Tax season is a battlefield for CPAs. Now in their 21st year, the awards highlight technologies that advance the profession.

Technology 122

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Accounting Today

SEPTEMBER 30, 2024

We asked a panel of accounting technology thought leaders about their favorite applications, and here is what they said.

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RogerRossmeisl

SEPTEMBER 29, 2024

One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. You may not itemize because of the high 2024 standard deduction amounts ($29,200 for joint filers, $14,600 for singles and married couples filing separately, and $21,900 for heads of household).

tax planning 212

tax planning Tax CPA 212

TaxConnex

AUGUST 22, 2024

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Another RDFer? The state of Washington is inching toward instituting a retail delivery fee.

Sales 147

Sales Tennessee Illinois Tax 147