AccountingDepartment

DECEMBER 24, 2024

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

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Gaming quickbooks 104

Nancy McClelland, LLC

DECEMBER 24, 2024

My feelings regarding how FinCEN has handled Beneficial Ownership information (BOI) under the Corporate Transparency Act (CTA) are best left unexpressed. With all the insanity about Beneficial Ownership Information (BOI) reporting these past few weeks — first the nationwide injunction preventing FinCEN from enforcing the Corporate Transparency Act (CTA)… then the House passing a Continuing Resolution (CR) that would give us all a year-long delay while the various court challenges mad

Education 98

Education tax planning CPA Tax 98

Going Concern

DECEMBER 24, 2024

As reported by Journal of Accountancy last week , the AICPA has asked the SEC not to approve the PCAOB’s new Firm and Engagement Metrics rules approved by the audit regulator in November. The rule requires reporting of metrics at both the firm and the engagement levels. Those metrics are (text taken directly from the PCAOB ): Partner and Manager Involvement.

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audit auditor accounting firms financial statements 105

Anders CPA

DECEMBER 24, 2024

Entities that are considered reporting companies, with some exceptions, are once again required to file beneficial ownership information (BOI) with FinCEN , a federal Court of Appeals ruled on December 23, 2024. Reporting companies have new deadlines to file based on their creation or registration date. Originally, the first wave of reporting companies was expected to file their reports by January 1, 2025, but the Department of the Treasury has granted additional time to comply.

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Legal CPA Tax 98

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

Tax

Withum

DECEMBER 24, 2024

On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland issued an order granted the governments motion for a temporary stay of the district courts order imposing a nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. This means that BOI reporting is required, and unless and until FinCEN comes out with additional guidance granting some sort of temporary reprieve or filing grace period, the filing dea

Texas 52

Texas tax services Government Tax 52

Anders CPA

DECEMBER 24, 2024

Nexus is the connection between a business and a state that allows the state to impose tax on the business. Economic nexus has gained particular importance in the years following the South Dakota v. Wayfair decision , which created a precedent for states imposing sales tax on out-of-state businesses selling in their state. Additionally, online sales pose new challenges for businesses in determining where they have triggered nexus.

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South Dakota income tax Missouri Sales 52

CPA Practice

DECEMBER 24, 2024

FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.

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Accounting Today

DECEMBER 24, 2024

The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.

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Tax 122

CPA Practice

DECEMBER 24, 2024

In total, Comeau caused a tax loss to the IRS of approximately $1,150,000. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

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California Tax payroll tax payroll 53

Accounting Today

DECEMBER 24, 2024

The extra year of education is turning away potential CPAs, especially when they can pursue alternative careers with just a four-year degree.

CPA 115

CPA cpas Education Account 115

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Account

CPA Practice

DECEMBER 24, 2024

In this special report, learn what accounting firms have done to ramp up this approachable yet lucrative advisory service quickly.

Spend Management 52

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Accounting Today

DECEMBER 24, 2024

After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.

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accounted accountant Account 111

Insightful Accountant

DECEMBER 24, 2024

Please be safe as you observe this holiday season.

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Account accounted accountant 52

Accounting Today

DECEMBER 24, 2024

H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.

tax return 105

tax return Tax 105

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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.

RogerRossmeisl

DECEMBER 24, 2024

In a significant legal development, a U.S. Appeals Court has lifted a temporary block on the enforcement of a key anti-money laundering law, known as the Beneficial Ownership Information (BOI) reporting requirement. This decision ensures that the January 1, 2025, deadline for reporting will proceed as planned. On Monday, a three-judge panel from the 5th U.S.

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Texas Legal CPA cpa firm 264

Accounting Today

DECEMBER 24, 2024

The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.

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accountant Account accounted Tax 105

RogerRossmeisl

DECEMBER 24, 2024

Following a significant federal Court of Appeals decision on December 23, 2024, the Financial Crimes Enforcement Network (FinCEN) has once again mandated that reporting companies file Beneficial Ownership Information (BOI). However, recognizing the confusion and delay caused by a recent preliminary injunction, FinCEN has graciously extended the deadline for compliance.

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CPA cpa firm business tax Tax 262

Accounting Today

DECEMBER 24, 2024

Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good, according to a recent survey.

Tax 98

Tax 98

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.

Account

Withum

DECEMBER 24, 2024

On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland issued an order lifting the district courts December 3 rd preliminary nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. Later that day, FinCEN issued guidance on its website acknowledging the decision and granting various filing extensions, as follows: For entities created or registered before 2024, the filing deadline was extended from Dece

Texas 59

Texas tax services Tax 59

Accounting Today

DECEMBER 24, 2024

Proposed regs for the corporate alternative minimum tax may place a major burden on smaller partnerships.

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Tax corporation tax 64

ThomsonReuters

DECEMBER 24, 2024

Blog home The embroiled process to a three-month stopgap measure for avoiding a government shutdown at the 11th hour on December 20, 2024 may be an indicator of future challenges Congress could face in the new year regarding tax reform. Many provisions in the Tax Cuts and Jobs Act (TCJA) will expire at the end of 2025. Although Republicans will control both the House and Senate, the margins are razor thin, leaving little room for division.

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Tax payroll income tax Government 98

Accounting Today

DECEMBER 24, 2024

BOI is back; phantom stocks; continuous compliance; and other highlights from our favorite tax bloggers.

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Tax tax preparation Government 52

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.

Finance