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Historical financial performance is just one piece of the business valuation puzzle. While it provides a starting point, its relevance depends on whether the business is expected to achieve similar results in the future. High interest rates, restricted access to credit, global trade uncertainties, tax policy ambiguity and geopolitical instability have significantly altered the business landscape.
The agency said it's aware of a delay in processing some electronic payments and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made on time.
On March 20, 2025, the IRS issued new FAQ’s as guidance to businesses understand how to properly report Employee Retention Credit (ERC) refunds on their income tax returns. This is especially important for companies that received ERC refunds but never amended their earlier tax returns, or for those whose claims were later denied. Background on ERC The ERC was created during the COVID-19 pandemic to help employers keep workers on payroll.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
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Today, I’m excited to share the beta launch of our new navigation and homepage (previously called the dashboard) experience. This goes beyond a fresh new look and a change in name, it’s the new home of all your business key insights and actions. Built for you, with you, this beta is the next step towards a more intuitive and insights-rich Xero. Our goal is simple: empower you to see your business’s true performance at a glance and tackle the most important tasks, quicker.
Michael Studer, CPA, was permanently barred on June 24 and his firm, Michael T. Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S. auditing rules and standards.
Michael Studer, CPA, was permanently barred on June 24 and his firm, Michael T. Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S. auditing rules and standards.
By Brannon Poe, Founder of Poe Group Advisors A version of this article first appeared in The Journal of Accountancy’s CPA Insider By Brannon Poe, CPA How Does An Earnout Affect The Buyer And Seller? Earnouts are popular deal structures used by buyers and sellers of accounting practices, but they have drawbacks. In an earnout, a buyer pays for a practice using the earnings that are expensed from that practice, plus an initial down payment in some cases.
Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.
You know that exciting feeling when your business is finally taking off? Sales are climbing, your team is growing, and you're juggling way more Slack messages than you used to. It’s a good kind of chaos, until it isn’t. At some point, you’ll start to wonder: “Can we really afford that next hire?” “How much runway do we actually have?” “Are we scaling profitably, or just burning cash faster?
The Board fined Deloitte Netherlands, PwC Netherlands and EY Netherlands a total of $8.5 million after finding widespread exam misconduct on internal training tests.
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The Netherlands-based affiliates of Deloitte, PwC, and EY were found to have violated U.S. auditing rules and quality control standards related to internal exam cheating and inefficient monitoring of their quality control systems.
When it comes to compliance, seeing what happened should include seeing how it happened, and when. And for that, the PDF and screenshot era belongs in the scrapbook.
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In lower-interest-rate environments, interest tracing becomes increasingly relevant for individuals and businesses. Interest tracing is a tax principle used to determine the deductibility of interest expenses based on the use of borrowed funds. Below is a brief overview of how it works and its implications. Interest expense can be either deductible or non-deductible for tax purposes.
In this second podcast episode on the Modern Firms, I'll dig into what sets them apart and what you can take away for your own firm. The post What the Top 50 Modern Firms Do Differently (Part 2) appeared first on Future Firm.
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The top 40 accounting firm is growing its presence in the Nashville market by joining forces with Maggart, one of the largest CPA firms in the Middle Tennessee region, effective June 2.
Xero Limited has today announced it has entered into a binding agreement to acquire 100% of Melio Limited and its associated entities (collectively Melio).
Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk
Working too many hours just to make a profit preparing taxes? This guide will help you fix that. The post Tax Preparation Pricing Guide for Better Profits appeared first on Future Firm.
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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Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk
I saw this story on Fox News of all places: Sponsors flee from National Association of Black Accountant recruiting event: report. Fox grabbed their info from a Bloomberg newsletter published a few days ago that almost slipped past our radar: DEI Backlash Turns Recruiting Event Into Litmus Test. Bberg had this to say: Does sponsoring an event for Black professionals count as DEI?
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.
Silicon Valley leaders are throwing their weight behind the tech industry's drive to use Trump's tax bill to sweep away state regulations on artificial intelligence.
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Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk
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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