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Republicans scored a major victory this month by passing their FY2025 budget resolution. To refresh your memory, this step was needed to kickstart the all-important reconciliation process, which allows Congress to pass a budget-related bill with only a simple majority. For the GOP, reconciliation is the ticket to extending key Tax Cuts and Jobs Act (TCJA) provisions, funding border security, and making cuts to mandatory spending programs.
Withum is proud to announce that Kirk Holderbaum , Partner and Chief Growth Officer, has been recognized by NJBIZ as a 2025 ICON. His leadership within the Firm and long-time client relationships have created a legacy of stewardship within the greater NJ business community. With over 30 years of experience in business advisory and public accounting, Kirk has been a driving force behind Withum’s growth and success.
In the last few months, to prevent fake firms from obtaining GST registrations, the process of granting GST registration has become far more complicated and time-consuming for genuine taxpayers as well. The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01.
Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their name, image, and likeness (or NIL).
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Today, running a successful professional services company requires more than just delivering high-quality services. You also need to ensure your financial processes are efficient, your invoices are accurate, and your cash flow is steady. Without proper accounting and financial management, even the most in-demand service businesses can struggle with profitability.
When you think of up-and-coming business opportunities, you likely dont think of student athletes. As a result of recent court cases, athletes have gained the ability to receive a financial profit anytime their name, image, and likeness (or NIL) is used. For college and even high school athletes, NIL deals are becoming more and more commonwhether thats for major brands like Nike and Under Armour, in the world of video games, or through their own social media following.
The stateSenatevoted April 21 to oust South Carolina Treasurer Curtis Loftis over a yearslong accounting error, leaving the statewide official a vote by the House away from being removed from office for willful neglect of duty.
The stateSenatevoted April 21 to oust South Carolina Treasurer Curtis Loftis over a yearslong accounting error, leaving the statewide official a vote by the House away from being removed from office for willful neglect of duty.
AAM Hall of Famers August Aquila and Kristen Lewis examine the rise of marketing as a professional function in accounting firm -- and look ahead to where it's going.
A study by GoBankingRates found that nationally the average person needed to earn $130,000 to take home $100,000 after factoring in federal and state income taxes.
Billion-dollar firms Baker Tilly and Moss Adams have made their merger official, combining to form what promises to be the sixth largest CPA firm in the U.S.
The megamerger between the two top 15 accounting firms, which was announced April 21, would likely put Baker Tilly into the top six firms in the U.S. by revenue. The deal is expected to close in early June.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
The most difficult U.S. housing market in decades continues to encumber prospective homebuyers, who need an annual household income of $116,986 to afford the typical home, according to Bankrates new 2025 Housing Affordability Study.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
The study was designed to assist New York State (NYS) government entities in evaluating their position on key issues and addressing various challenges.
The Taxpayer Advocate Service (TAS) is a powerful independent organization within the IRS created to ensure taxpayers are treated fairly. Understanding how to use TAS effectively can significantly help tax practitioners resolve client issues.
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Join us for a special BDO demonstration with Lera Kooper, Owner of Accountability Services, as she walks through how her firm used Canopy to unclunk their operations, going from 14 tools down to just 4. You'll get a behind-the-scenes look at what it really takes to simplify and streamline your firm.
In this video, Tracy explains damage calculations, and how sometimes we have to calculate the present value of those damages. What is present value? And why do we do this?
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Microsoft quietly confirmed that the April 8, 2025, Windows 11 version 24H2 update causes the computer to crash with a blue screen of death (BSOD). Affected users receive a BSOD error indicating a SECURE_KERNEL_ERROR. Sources outside of Microsoft also report the error CRITICAL_PROCESS_DIED. The following Knowledge Bases (KBs) confirm the issue: KB5055523 April 8, 2025, update KB5053656 March 27, 2025, update For affected machines, Microsoft has released a Known Issue Rollback (KIR).
The country's only publicly traded Major League Baseball team is facing off against the Tax Code in a lonely battle that threatens to cost it millions.
Introduction Drop-shipping has influenced many people to become an entrepreneur as it offers freedom to the entrepreneurs to check new product ideas and concepts taking a lower risk and while not owning or paying for the new product idea or product plan or business line. This is a retail method of business where the drop shipper doesnt need to keep the stock of the product to sell.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
After the feds froze more than $2 billion in grants to the Cambridge campus and threatened its tax-exempt status, Harvard University has filed a lawsuit against the Trump administration in Massachusetts federal court.
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.
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Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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