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New product launches at Accountex London 2025 

Accounting Insight

Exhibitors will be showcasing the best new products, tech, software, services and solutions in the world of accounting. New products TaxCalc (Stand 450) are launching their MTD Quarterly Filer, a new bridging tool for Making Tax Digital for Income Tax. Register for your free ticket here.

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Scary Numbers: How To Effectively Deal With Tax Notices

Shay CPA

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

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How To Download Your IRS Account Transcript to Look Up Your Estimated Tax Payments (Updated Jan 2025)

Nancy McClelland, LLC

account, the ID.me One note: if you were using the old IRS account system, you wont be able to log in with your previous IRS username and password anymore — the IRS sunsetted that program in early and now you need to use the ID.me If you need help creating your ID.me Help Center spells out the process very clearly.

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Rethink expense report workflows for company credit cards

Accounting Today

However, this task is better suited for Accounting, which has both the context and the expertise to ensure transactions are coded correctly. The breakdown in reconciliation When a manager declines an expense report, the associated card transaction remains unresolved in the accounting system.

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Expert advocates 1099 reporting automation to ease compliance burden

ThomsonReuters

The process involves obtaining and regularly updating W-9 forms to ensure accurate records of vendors’ legal names and tax identification numbers. Finally, the system should facilitate e-filing, allowing seamless distribution of forms to third parties and the IRS, further simplifying the compliance process.

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How to Maintain Compliance Documentation for Sales Tax Audits | TaxConnex

TaxConnex

Returns/Credits Returns and credits should be clearly identified in your accounting system. These certificates validate the tax-exempt status of certain sales and are vital during an audit. Bad Debt Most states allow a deduction for bad debts written off for Federal income tax purposes.

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What Small Business Owners Need to Know About Income Tax Instalments

Ronika Khanna CPA,CA

One of these obligations requires that you calculate and pay the full amount of your income taxes when you file your income tax return, rather than having your employer remit deductions from your paycheck directly. Consequently Revenue Canada requires that you pay “instalments” of taxes payable based on an estimate.