Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. Second, determining the proper accounting involves judgment.

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CPA Practice

JANUARY 31, 2024

A new survey of business financial leaders shows that, while nearly half of respondents (46%) increased corporate card usage over the past year, only 2% have increased adoption of expense management software, creating compliance and visibility challenges for employees and finance teams. Upwork reports that 32.6

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ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. Expanded health insurance subsidies are extended through 2025. Enter: Thomson Reuters Tax Season Toolkit.

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Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

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CPA Practice

MARCH 4, 2024

The regulations are outlined in two bills, the Climate Corporate Data Accountability Act (SB-253) and the Climate-Related Financial Risk Act (SB-261). Climate Corporate Data Accountability Act SB-253 SB-253 applies to all U.S. Climate Corporate Data Accountability Act SB-253 SB-253 applies to all U.S.

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Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. Have a safe Memorial Day. Big four consultancies win $1.4 million over a decade.

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Cherry Bekaert

SEPTEMBER 21, 2023

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty. Illinois The Illinois Department of Revenue recently issued an Informational Bulletin FY 2024-03.

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Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. Companies across industries, including T&A, will accelerate their pursuit of cloud maturity. But many others were not so convinced.

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Airbase

JUNE 30, 2023

Some industry analysts say that it could be well into 2025 before demand returns to pre-pandemic levels. Balancing the competing demands of tighter budgets, environmental accountability, and business necessity requires greater visibility into travel arrangements. in additional revenue.

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Cherry Bekaert

FEBRUARY 16, 2024

The Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261), require businesses to disclose their carbon emissions and climate-related financial risks. Cherry Bekaert can advise on private equity best practices to help guide you. not just in California. More guidance is forthcoming.

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CPA Practice

FEBRUARY 16, 2023

T he American Institute of CPAs (AICPA) submitted a letter to the House Ways and Means Committee and Senate Finance Committee requesting immediate consideration of the treatment of section 174 research and experimental expenditures, as well as numerous expired tax provisions.

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CPA Practice

APRIL 18, 2024

Professional: Doctors, registered nurses (but not other nursing staff), lawyers, accountants (but not accounts payable/receivable people), and other highly skilled people with professional discretion qualify for exemption. This rule is expected to go into effect at the beginning of 2025. Track those hours.

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PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. percent between 2019 and 2025. This software is ideal for calculating and tracking short-term debts.

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PYMNTS

SEPTEMBER 29, 2020

The future of finance is digital,” said Valdis Dombrovskis , the panel’s executive vice president. The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card. Now, with Mastercard, Wirex has become its first crypto card licensed principal member.

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CPA Practice

JUNE 5, 2023

The Society will award the $5,000 scholarship each year to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts. The Delaware Society of Certified Public Accountants (DSCPA) is offering the Delaware Ethics for CPAs course. Check out DSCPA.org for more information or to register online.

CPA 111

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Snyder

JULY 6, 2022

The number of digital banking users in the US is expected to reach a staggering 217 million people by 2025 or about 80% of the targeted population. If we talk about the basics, checking accounts is the first thing that springs to mind. What is a checking account? What does a checking account provide?

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TaxConnex

APRIL 28, 2022

more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast. In TaxConnex’s recent?

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Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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Accounting Today

JULY 27, 2023

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Finance 98

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CPA Practice

OCTOBER 5, 2023

When you turn on Social Security and start taking distributions from retirement accounts, it pops back up. During this time, you can move money from pre-tax retirement accounts into Roth IRA accounts and pay taxes at your current rate. So, as we evaluate our client planning for year-end, we are thinking about 2025 premiums.

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Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Talent The Race Is On to Hire Interns for 2025. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Don’t hesitate to reach out. and Mexico.

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PYMNTS

MARCH 1, 2019

Point of sale underwriting — installment loans offered to consumers at the point of purchase that let them finance their buy over time, usually three to six months — is more an example of the latter case. The bank this week announced the launch of “My Chase Plan,” a tool that allows card customers to finance purchases of more than $500.

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CPA Practice

MARCH 1, 2023

Specific proposals address significant issues affecting businesses, taxpayers and their accounting representatives, such as the tax treatment for health insurance deductions for employees and self-employed individuals (pg. AICPA News is a roundup of recent announcements from the American Institute of CPAs.

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Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. The Chancellor, Jeremy Hunt, has delivered his Autumn Statement to Parliament earlier, which includes 110 measures for growth across the board.

Manufacturing 59

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Cherry Bekaert

APRIL 30, 2024

While the Lakers are currently working to correct the typos, in the accounting world, the price of these unintentional errors and lack of oversight (due to talent shortages and/or strained capacity at the senior management or executive level) can be especially costly — financially, operationally and reputationally.

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Cherry Bekaert

JULY 5, 2023

Authors: Gabriela Payne , Senior Manager, Risk & Accounting Advisory Services To date, sustainability reporting has been voluntary, and the lack of consistent and transparent methodology or standards has not met the information needs of investors. Assembling the needed information can be time consuming and challenging.

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CPA Practice

JULY 19, 2023

Department of Education releases the FAFSA (Free Application for Federal Student Aid) for the 2024-2025 academic year. Grandparents, then, can maintain a 529 account, with their grandchildren as the beneficiaries, and distribute those funds to their grandchildren without it impacting aid eligibility. What is a 529 account?

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ThomsonReuters

DECEMBER 19, 2023

For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Let’s take a look at how these tax incentives encourage the adoption of clean energy practices and how accountants can support their clients in making this shift.

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Cherry Bekaert

SEPTEMBER 28, 2023

financial system is more susceptible to money laundering, terrorist financing and other illicit financial activity risks. The United States is vulnerable to terrorist financing and other forms of illicit finance because much of the global economy is interconnected with the U.S. economy and financial system.

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Ronika Khanna CPA,CA

DECEMBER 28, 2023

GST/HST Instalments are due on April 30th, 2024, July 31st, 2024, October 31, 2024 and January 31st, 2025. QST Instalments are due on April 30th, 2024, July 31st, 2024, October 31, 2024 and January 31st, 2025. The maximum amount that you can contribute can be found on your 2022 notice of assessment or by going to CRA my account.

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Inform Accounting

NOVEMBER 18, 2022

This takes effect from the Autumn Finance Bill 2022. From April 1st 2023 business rates will be reevaluated to take account of a rise in property values since 2017. This means that: Electric cars and vans will now pay road tax from 2025. Existing electric cars will pay the standard rate from 2025.

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PYMNTS

JANUARY 21, 2020

The new marketplace was launched solely for Expend’s prepaid Mastercard users as well as non-card customers and is targeted to business owners and finance teams. It offers a curated inventory of hand-picked products to advance cash flow, human resources, finance and accounting. billion by 2025. .

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Cherry Bekaert

APRIL 9, 2024

There are tangible business benefits to measuring and reporting emissions,” says Gabriela Payne, Senior Manager, Risk & Accounting Advisory Services. Timeline for Compliance: Prepare for Reporting on 2025 Activities in 2026 Impacted companies will need to begin reporting in January 2026.

California 52

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CPA Practice

MAY 2, 2023

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. is due to several factors.

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Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

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Shay CPA

FEBRUARY 21, 2024

You have until January 1, 2025, to file this report. Again, you have until January 1, 2025, to get this done. New filing requirements are a huge part of our world as tech accounting and filing specialists. Still, though, since it’s new and can get a little complex, it’s worth looking into now.

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CPA Practice

JANUARY 16, 2023

As Michelle Lubbe works toward the online Master’s of Accounting (iMSA) from the University of Illinois at Urbana-Champaign, she instantly puts what she learns to the test. “On In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025. Accounting positions remain in demand, even in the current job market.

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