Thu.May 15, 2025

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What’s new in sales tax?

TaxConnex

Theres always something changing in the world of tax, especially sales tax. Heres a review of some of the recent changes and updates. Your proposal is acceptable. Several recent sales tax proposals are moving through state legislatures: Florida is considering major changes to its sales tax. HB 7033 proposes a 0.75 percentage-point reduction to the states 6% general sales tax.

Sales 147
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Master Financial Success: Strategic Planning for SMB Growth

AccountingDepartment

Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.

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To capitalise or to expense, that is the question?

Accounting for Good

When an organisation, including an NFP, purchases an asset, why is it capitalised rather than recorded as an expense?

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NJCPA backs additional path to CPA licensure

Accounting Today

The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure, supporting a bill that would modify New Jersey's Accountancy Act.

CPA 82
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Should You Pay Yourself a Salary or Dividend? 7 Considerations For Small Business Owners

Ronika Khanna CPA,CA

While incorporation has many benefits for small business owners , it does introduce additional complexities that are not faced by registered businesses. Unincorporated business owners are essentially taxed on their net business income , which is significantly simpler. They only have to file one tax return and are simply taxed on the profits of their business.

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Tax Fraud Blotter: 20 grand a return

Accounting Today

Playing defense; shocking stuff; to the cleaners; and other highlights of recent tax cases.

Tax 88

More Trending

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AI will replace (some) accountants using AI: crossing the junior associate chasm

Accounting Today

What will be the role of the junior associate once AI takes over all the simple tasks that generate the experience needed for more complex ones?

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Be Insightful: Elevating Accounting Professionals Through Education and Innovation

Insightful Accountant

The Be Insightful Member program supports ProAdvisors & accountants with expert-led training, webinars, and networking. Gain CPE credits, industry insights, and tools to enhance your practice. Flexible plans ensure professionals stay ahead. Join now!

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Armanino expands into Utah

Accounting Today

Top 25 Firm Armanino has added Salt Lake City-based Cooper Savas.

Utah 78
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How to Build a Future-Proof IT Infrastructure with Cloud Services and Managed IT Solutions

Ace Cloud Hosting

Businesses need improved IT systems and infrastructure, as traditional in-house servers and fixed setups cant keep up with rapid digital and technological advancements. A better choice is Cloud-based Managed IT.

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Live Demo - Supercharge your Month End Close

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

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IAASB offers guidance on going concern

Accounting Today

The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.

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No Tax on Overtime: Will It Become Law in 2025? What to Know

Patriot Software

Have you heard the chatter about a no tax on tips proposal? Its part of the recently proposed One, Big, Beautiful Bill, along with another popular provisionno tax on overtime. Overtime pay, or time and a half, is currently taxed like regular wages.

Tax 98
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PCAOB shares insights from audit committee leaders

Accounting Today

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.

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IRS: Applications for TCE and VITA Grants Accepted Through May 31

CPA Practice

The Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants allow eligible organizations to apply for annual funding to provide free federal tax return preparation assistance for up to three years.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Mauldin & Jenkins merges in Bradshaw, Gordon & Clinkscales

Accounting Today

The Top 75 Firm based in Atlanta is expanding into Greenville, South Carolina, effective June 1, 2025.

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Andrew Mintzer Receives Gold Medal Award of Distinction From AICPA

CPA Practice

The award, the highest honor bestowed by the AICPA, was presented to Mintzer for his lasting impact on and being a passionate advocate for the accounting profession, as well as his significant contributions to accounting and auditing standards.

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Guiding clients through property tax turbulence

Accounting Today

What many taxpayers do not realize is that their property tax assessment can and in many cases should be reviewed and appealed.

Tax 59
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Vena’s Agentic AI for FP&A Now Integrates With Microsoft Teams

CPA Practice

Vena announced May 15 the general availability of Vena Copilot for Microsoft Teams, designed to bring dedicated financial planning and analysis expertise and insights into businesses workflows.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

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'One big beautiful bill' full of tax surprises

Accounting Today

The far-reaching tax reconciliation bill from Republicans on the House Ways and Means Committee would add significant new provisions to the Tax Code.

Tax 116
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Armanino Snaps Up Cooper Savas in Utah

CPA Practice

The private equity-backed top 20 firm has entered the Utah market by acquiring Cooper Savas, a full-service public accounting firm based in Salt Lake City.

Utah 77
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IRS can only give ICE tax data in deportation, criminal cases

Accounting Today

By agreeing to share taxpayer data at all, the Internal Revenue Service is taking an unprecedented step that breaks with longstanding assurances.

Tax 59
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Zoho Releases New Payments Solution in the U.S.

CPA Practice

Zoho has entered the U.S. payments market by launching Zoho Payments,a unified solution that helps businesses collect payments online using a variety of methods like cards and ACH.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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GOP tax chair says SALT lawmakers should take $30K limit

Accounting Today

The chair of the House's tax-writing panel said the $30,000 limit his committee put on the state and local tax deduction is "fair.

Tax 59
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PCAOB Shares Insights From Chats With Audit Committee Chairs

CPA Practice

The Public Company Accounting Oversight Board released a new publication on May 15 that highlights the results of conversations that board staff had with audit committee chairs of U.S. public companies and broker-dealers last year.

audit 71
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GOP tax bill seen masking more than $1T US debt hit

Accounting Today

The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.

Tax 52
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FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer

CPA Practice

The Financial Accounting Standards Board issued anAccounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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NY Republicans signal $80K SALT cap could be on table

Accounting Today

Rep. Nicole Malliotakis said there's an "opportunity" to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.

Tax 52
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3 Ways Women Can Strengthen Their Finances

CPA Practice

A NerdWallet survey shows that women are less likely than men to have gotten a raise in the last year and some are dependent on their partner financially. Here are a few ways women can put themselves in a better money position this year.

Finance 71
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FASB releases standard on share-based consideration

Accounting Today

The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards as they involve customers.

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insightsoftware Shifts to Four Business Units, Adds to Leadership Team

CPA Practice

The company has finalized a strategic realignment into four business unitsERP Reporting and BI, EPM, Controllership, and Data and Analyticsand has added three members to its executive leadership team.

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8 Pillars of Leadership Development

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.