Sun.Feb 02, 2025

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Products Most Likely to Increase in Cost Due to Tariffs, From Avocados to Cars

CPA Practice

The tariffs are due to take effect at 12:01 am on Tuesday. Heres a look at key imports from the three counties that could become more costly.

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IRS Offers Top Tips To Make Tax Time Easier

Insightful Accountant

The Internal Revenue Service has provided taxpayers with six tips to make filing their 2024 tax return easier.

Tax 59
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FP&A at a Tipping Point: New Report Reveals Challenges and Opportunities for Finance Professionals

Acterys

February 3, 2025 A new report from Acterys, “The Tipping Point: FP&A Snapshot Report 2025,” reveals that financial planning and analysis (FP&A) teams are facing a critical juncture. While grappling with persistent challenges like data silos and outdated technology, they also have unprecedented opportunities to leverage AI, enhance scalability, and drive strategic impact. “FP&A teams are at a crossroads,” said Martin Kratky, CEO and Co-Founder of Acterys. 

Finance 130
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Preliminary Results: Survey Shows What A ProAdvisor is Worth

Insightful Accountant

Our readership has responded and Murph has compiled some preliminary results from our 'What is a ProAdvisor Worth' Survey.

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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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CBIC Issued Clarification on Applicability of GST on Various Services Such as Penal Charges, Services by Payment Aggregator etc.

VJM Global

In line with recommendations provided by the 55th GST Council meeting , CBIC has issued the following detailed clarification on the applicability of GST on certain services vide Circular No. 245/02/2025-GST dated 28th January 2025: 1. Applicability of GST on Penal Charges levied by the Regulatory Authority, such as Banks and NBFC Issue: RBI has issued instructions to Regulated Entities (REs), i.e., Banks and NBFC , to not charge penal interest for non-compliance with loan terms.