Tue.Dec 17, 2024

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2025 Tax Deadlines for Startups

BurklandAssociates

U.S. Tax Deadlines San Francisco Tax Deadlines New York Tax Deadlines Seattle Tax Deadlines 2025 U.S. Tax Deadlines for Startups JAN 31: R&D Tax Credit Form 941 to claim R&D Read More The post 2025 Tax Deadlines for Startups appeared first on Burkland.

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New year, new sales tax obligations

TaxConnex

The excitement of years end can push all kinds of taxes to the back of your mind. But its a good idea to look out for how a new year can mean new sales tax obligations for you and your online business. Here are some common situations that can be exciting for your business and distracting for you and that can create sales tax risk. What should you watch for in 2025?

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Your ultimate payroll year-end 2024/25 checklist: steps and deadlines

Xero

Itd be one thing if payroll year-end meant a single last pay run. But this busy period involves meeting multiple deadlines and submission dates, all while following HMRC rules. Whether youre a seasoned payroll manager or doing it for the first time, payroll year-end can be tricky. Heres a step-by-step guide to the process. What is HMRC payroll year-end?

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5 Signs It’s Time to Hire an Accountant

Patriot Software

Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance. Not sure if its time to hire an accountant for small business?

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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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ESG and shareholder value: Making the case for sustainable investment

ThomsonReuters

Blog home Companies on the fence about investing in Environmental, Social, and Governance (ESG) initiatives typically want to know three important things: Will the investment return value to shareholders in the long run? Where will the supposed cost savings and efficiencies gained from ESG investment come from? How will investing in ESG improve the companys profile and make it more competitive?

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Tax Cuts and Jobs Act Sunsetting in 2025

Withum

The Tax Cuts and Jobs Act (TCJA) enacted several tax rate cuts when it was enacted in 2017. This included a reduction of the C Corporation rate to 21% and a temporary provision that allowed owners of S Corporations and Partnerships a reduction of their taxes by deducting an additional 20% of the taxable profit from their businesses. Business owners in many industries benefit from this extra deduction including, those in consumer products , food , manufacturing , and the restaurant industries.

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IRS guidance and key appointments set the stage for 2025

Accounting Today

Final regulations on clean energy partnership credits, raised 401(k) limits and more from the Internal Revenue Service in November.

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Proceedings Can be Initiated Under Section 74 Even After Dropping of Proceedings Under Section 73

VJM Global

The Show cause notice was issued to the petitioner under section 73 of the CGST Act and the proceedings were dropped post-furnishing response. Further, the notice was again issued to the petitioner under section 74 of the CGST Act alleging excess availment of ITC. With the same regard, the office of the DGGI had also issued notices to the petitioner to which the petitioner had submitted its reply.

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Does the SALT tax deduction cap unfairly penalize women?

Accounting Today

The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens to examine gender-based disparities.

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How to Generate a W-2: Use Software or Manually Fill in the Form 

Patriot Software

The year-end and new year are filled with payroll responsibilitieslike filing and distributing Forms W-2 to your team. But first, you need to know how to generate a W-2 form for your employees. Generating W-2s doesnt have to be complicated, especially with tools like payroll software. Learn how to create W-2s for small business below.

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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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FASB proposes environmental credits ASU

Accounting Today

The proposed ASU provides recognition, measurement, presentation and disclosure requirements related to environmental credits and environmental credits obligations.

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Proceedings Can be Initiated Under Section 74 Even After Dropping of Proceedings Under Section 73

VJM Global

The Show cause notice was issued to the petitioner under section 73 of the CGST Act and the proceedings were dropped post-furnishing response. Further, the notice was again issued to the petitioner under section 74 of the CGST Act alleging excess availment of ITC. With the same regard, the office of the DGGI had also issued notices to the petitioner to which the petitioner had submitted its reply.

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CFOs have the worst job security in the C-suite

Accounting Today

Chief financial officers continue to experience a downward decline in tenure and the lowest level of job security in the C-suite, according to a new study.

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Uber is Liable to Pay GST as E-commerce Operator On New Subscription Based Model

VJM Global

Held by Authority of Advance Ruling, Karnataka Advance Ruling No. KAR ADRG 38/2024 dated 4th November, 2024 Uber India Systems Private Limited (The Applicant) approached AAR, Karnataka to determine the applicability of GST on a new-subscription-based commission-free monetisation model. Under the new model, the app shall connect the drivers with the riders, however, the applicant shall not charge a commission for every ride.

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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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The ESOP alternative for accountants

Accounting Today

Independent CPA and accounting firms are showing new interest in employee ownership strategies.

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AI is Here to Stay: How the Accounting Industry Can Use the Tech Ethically

Insightful Accountant

A recent Intuit QuickBooks survey shows 98% of accountants have already used AI to help clients and their businesses. Intuit's Ted Callahan addresses why strategies are needed to ensure AI is leveraged ethically and effectively in accounting.

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In the blogs: On the horizon

Accounting Today

Crypto's future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.

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Moss Adams Enters Salesforce Consulting Market By Acquiring Yurgosky Consulting

CPA Practice

With Yurgosky joining the firm, were excited to bring our clients a new set of technological solutions, particularly within the Salesforce environment, which is a first for us," said Moss Adams Chairman and CEO Eric Miles.

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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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KPMG grows global revenue to $38.4 billion

Accounting Today

KPMG International reported annual aggregated revenues of its member firms globally grew 5.1% for the 2024 fiscal year.

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Sikich Obtains Federal Contracts From Cherry Bekaert

CPA Practice

Six members from Cherry Bekaert Advisorys team are joining Sikich as a result of the transaction, bringing extensive experience in cost management and activity-based information to the Chicago-based accounting firm.

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Riding the Entrepreneurial Rollercoaster: Insights from Tom Conlon

Summit CPA

Tom Conlon, founder of North Street Creative, discusses his entrepreneurial journey and the cyclical nature of business.

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Armanino Launches Cloud Integration Platform

CPA Practice

The top 20 accounting firm has debuted CloudSync, a proprietary cloud integration platform that simplifies how businesses connect and manage essential third-party solutions.

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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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Paper proposes blockchain to track Scope 3 emissions

Accounting Today

A paper in the Accounting Review proposes using blockchain, smart contracts and NFTs to simplify the tracking of Scope 3 emissions for the purposes of carbon reporting.

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AI Lowers Barriers to Fraud Investigations

CPA Practice

The median duration of a fraud scheme is more than a year, with losses compounding the longer the plot goes on.

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Moss Adams adds leading Salesforce consultancy

Accounting Today

The Top 25 Firm is merging in Yurgosky Consulting, which brings a suite of tools and services centered on the popular CRM system.

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Bridging Change and Opportunity to Thrive in 2025

CPA Practice

As many of us prepare for year-end and busy season while also balancing time off with friends and family during the holidays, its easy to push aside whats just around the corner: 2025.

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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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Correlation Between Gambling and Fraud?

FraudFiles

Employee fraud always has a cause. The cause is the motive, desire, or need that is being filled by the theft from ones employer. A need doesnt have to be a true need in order for fraud to occur, but can be a perceived need on the part of the thief. One common impetus for [.

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FASB Looks to Make Improvements to the Accounting for Environmental Credits and Environmental Credit Obligations

CPA Practice

The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.

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Opening hours during the festive period

Churchill-Knight

We will operate as usual until the end of Christmas Eve (24th December, 09:00 – 17:30). However, during the festive period, our office will be open for reduced hours, as summarised below. 24th December 2024: Business As Usual (09:00 – 17:30). 25th December 2024: Closed. 26th December 2024: Closed. 27th December 2024: 10:00 – 16:00. 28th December 2024: Closed 29th December 2024: Closed 30th December 2024: 10:00 – 16:00. 31st December 2024: 10:00 – 16:00. 1st January 2025: Closed

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QuickFee and PracticeERP Partner to Accelerate Payment and A/R Automation for Accounting Firms

CPA Practice

The new new integration is powered by QuickFee Connect and streamlines payment workflows, accounts receivable processes, and client experience touchpoints for users of both platforms.

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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.