Wed.Jan 01, 2025

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So How Did Your 2024 Predictions For the Accounting Profession Work Out?

Going Concern

At the start of last year we ran a little survey asking readers what they thought would be the biggest issues impacting the profession in 2024. And at that time, the talent shortage won out as the biggest of the big issues. By a large margin at that. What will be the biggest issue affecting the profession in 2024? With 2024 now behind us it’s safe to say that the talent shortage, which we’ve come to regard as a b t talking point at this point since firms don’t seem interested i

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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

When youre building a tech startup, accounting probably doesnt feel very exciting. Who wants to think about spreadsheets when youre busy building or scaling? But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier.

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Who Inspires You in the Industry? – Hear From Industry Experts

Ace Cloud Hosting

In the ever-evolving world of accounting and financial services, staying inspired and innovative is essential. Professionals often find motivation from peers, mentors, and thought leaders who push boundaries and redefine.

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Enhancements to QBO Advanced Financial Forecasts

Insightful Accountant

As a part of the Financial planning features available to QuickBooks Online Advanced users, a new 'Forecasts' functionality has been released. Presently it is available to all U.S. QBO-Advanced subscribers.

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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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110 Top Cybersecurity Stats and Facts for 2025

Ace Cloud Hosting

“There are two types of companies: those who have been hacked, and those who don’t yet know they have been hacked.” This quote by John Chambers emphasizes that no organization.

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GSTN Issued Advisory and Process of Filing of Form GST SLP-02 for Claiming Waiver Under Section 128A

VJM Global

As per recommendations made by the GST Council in the 53rd GST Council meeting , Section 128A was inserted to provide relief to the taxpayer from the interest or penalty given in the notice issued under section 73 of the CGST Act for 2017-18, 2018-19 and 2019-20. To claim relief, the taxpayers must pay the corresponding tax amount by 31st March 2025 and apply Form GST SLP-01 or GST SLP-02 within 3 months from the notified date, i.e., 31st March 2025.

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If At First You Don’t Succeed, Try, Try Again (Except…)

Ryan Lazanis

To succeed in business, youll need strong sales, marketing, and more. However, there's one quality that could make all the difference. The post If At First You Don’t Succeed, Try, Try Again (Except) appeared first on Future Firm.

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The Power of AI-Driven Tax Preparation

Insightful Accountant

The tax preparation landscape is undergoing a revolutionary transformation, and forward-thinking practitioners are seizing the opportunity to reshape their practices through artificial intelligence and automation.

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Not So Fast — BOI Injunction Is Back!

Nancy McClelland, LLC

As of December 27,2024, the Fifth Circuit reversed their own stay while theyre deciding the case. This means the injunction is back on and theres currently no enforceable BOI reporting requirement. More here from my colleague Kelly Phillips Erb In Whiplash Maneuver, Court Rules Beneficial Ownership Information (BOI) Reporting Requirements Are On Hold.

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Our Thanks For YOU: Our Skagit County Clients

SkagitCountyTaxServices

Weve made it to the 2024 finish line. For my final blog of the year, I want to focus on something that will help frame your mindset for 2025. But before I do, let me give you YET ANOTHER UPDATE on the ever-flip-flopping BOI reporting requirements. The BOI reporting deadline was declared null earlier this month when an injunction was placed on the Corporate Transparency Act requirement.

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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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GSTN Issued Advisory and Process of Filing of Form GST SLP-02 for Claiming Waiver Under Section 128A

VJM Global

As per recommendations made by the GST Council in the 53rd GST Council meeting , Section 128A was inserted to provide relief to the taxpayer from the interest or penalty given in the notice issued under section 73 of the CGST Act for 2017-18, 2018-19 and 2019-20. To claim relief, the taxpayers must pay the corresponding tax amount by 31st March 2025 and apply Form GST SLP-01 or GST SLP-02 within 3 months from the notified date, i.e., 31st March 2025.

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