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As the end of the year approaches, its time to make sure youre taking advantage of every opportunity to reduce your tax bill for the upcoming tax year. From strategic gifting and charitable donations to payroll deductions and Roth conversions, heres your comprehensive guide to getting a head start on 2025 tax season. Annual Gift Tax Exclusion The annual gift tax exclusion for 2025 will increase to $18,000 for individuals and $36,000 for married couples.
TaxConnex is paving the way for a new category of sales tax management services UPSOURCING. Building on our strong foundation of sales tax advisory services and managed sales and use tax filing and remittance services, we are introducing two powerful new solutions into our portfolio: Sales Tax Calculation Software: Designed to simplify the process of calculating the proper sales tax, this software integrates seamlessly with a variety of business systems and shopping carts to provide precise, re
With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries.
Client advisory services (CAS) is poised to continue its impressive trajectory as the fastest growing service area in public accounting, according to the newly released 2024 CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey report. The survey polled more than 200 U.S. firms with CAS offerings and collected data from the 2023 calendar year.
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
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.
By setting up clear, fair compensation ranges from the start, youll put your startup on a path to success where your business and your employees can thrive. The post Why Building a Compensation Model is Critical for Startups appeared first on Burkland.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.
Jump to Overview of the recent halting Implications for tax and accounting professionals What’s next? Staying prepared amidst regulatory uncertainty Catch up with the Corporate Transparency Act below More on the Corporate Transparency Act Are you ready? The Corporate Transparency Act became effective Jan 1, 2024 Navigating the Corporate Transparency Act: Key implications and considerations Corporate Transparency Act FAQs The Corporate Transparency Act (CTA) has been a pivotal piece of le
Payroll year-end can be a busy time for businesses as they navigate deadlines, submission dates, and HMRC rules. Without enough planning, year-end has the potential to be highly stressful. Learn the essentials of payroll end-of-year submission, including common challenges and ways to tackle them. What is HMRC payroll year end? Payroll year-end sees a business wrap up the tax year for payroll purposes.
Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services. This transition, however, requires a shift in both mindset and business model, as well as a stronger role for technology.
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
Related Insights Guide to 1099 Preparation: What You Need to Know for 2024 Read More Understanding Cash vs. Accrual Accounting Read More Financial Forecasting: How 3-Way Forecasts Help Predict Future Business Performance Read More Sign up to get the latest OASyS updates by email. Subscribe The post The CFO Spotlight: Stories of Growth and Strategy appeared first on Withum.
The retail industry is navigating a rapidly evolving landscape driven by shifting consumer behaviors, supply chain disruptions, and fierce competition. Retailers are under constant pressure to adapt to these changes.
UK statutory maternity pay explained for employers. How much leave employees are entitled to, how much to pay them, and claiming the money back from HMRC.
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.
The IRS on Dec. 2 awarded $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants for 2025 to organizations that provide free federal tax return preparation. For the period from Oct. 1, 2024 to Sept. 30, 2025, the IRS awarded grants to 41 TCE and 315 VITA applicants. The IRS received 445 applications requesting more than $82.9 million in funding.
Considering the representations received from the industry about the difficulty in filing IGCR-3 monthly statements online on the ICEGATE portal, the CBIC has permitted manual filing of IGCR-3 by 31st January 2025 through circular No. 25/2024-Customs dated 21st November 2024. 1. Background The Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 allows the importer to import goods at concessional rate of duty subject to the condition that such goods are use
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.
What's new: Practitioners can now send an invoice to many clients at the same time. As previously announced, they can also invoice one client representing a group of related clients.
Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. Eide Bailly Welcomes Chad Martin as Principal in the National Tax Office, Leading Transfer Pricing Practice Eide Bailly, a nationally recognized certified public accounting and business advisory firm recently welcomed Chad Martin as Principal in the National Tax Office.
Market volatility presents significant challenges for U.S. M&A activity. Volatile markets make it difficult for companies to accurately forecast future earnings and assess risk. Buyers may hesitate, uncertain if the price will hold long-term value, while sellers may delay, hoping for a market upswing. This hesitation on behalf of buyers and delay on behalf of sellers can stall out deals, impacting overall deal flow and dampening investor confidence.
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.
LeaseCrunch LLC , a lease accounting software company, will host a webinar entitled 2025 Game Plan: Advanced Year-End Lease Accounting on December 17 at 1:00 p.m. CST. Designed for finance professionals and accountants, this session will provide critical tools and best practices to streamline year-end lease accounting. With year-end accounting processes being more complex due to ASC 842, IFRS 16 and GASB 87 standards, LeaseCrunchs experts will guide attendees through the most challenging aspects
Mergers and acquisitions: a situation where you can't be overprepared. With more preparation, youll have a more lucrative, smoother M&A process from beginning to end.
BILL, a financial operations platform for small and midsize businesses, has launched a new 1099 Filing offering that allows businesses to file their 1099 taxes within the BILL Financial Operations Platform. With these new capabilities as part of BILLs flagship accounts payable solution, SMBs and the accounting professionals who serve them can now quickly and easily prepare and file their 1099 forms in the same place they pay and manage their vendors year-around.
The acquisition of Australian fund manager Perpetual Ltd.'s wealth management business is in danger of collapsing after the deal was hit by an unexpected tax bill.
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.
Considering the representations received from the industry about the difficulty in filing IGCR-3 monthly statements online on the ICEGATE portal, the CBIC has permitted manual filing of IGCR-3 by 31st January 2025 through circular No. 25/2024-Customs dated 21st November 2024. 1. Background The Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 allows the importer to import goods at concessional rate of duty subject to the condition that such goods are use
A move to increase an unusual tax on cloud computing risks adding to a broader technology industry downturn to derail progress in the third-largest U.S. city.
Grace Hardy started her accounting practice ‘Hardy Accounting’ at 21 years old after gaining her qualification during her apprenticeship. She now advocates for financial education and speaks about her journey on social media inspire other young people to start their own businesses. How did you get into the profession? It was by mistake! I was originally looking at economic apprenticeships but unfortunately, I didn’t get them so very naively at 17 I thought what is the closest t
The key to success in any business is building lasting relationships with clients. However, managing relationships is complicated due to numerous human factors. People are still people even in business.
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.
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