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Special Report: 2025 Readers’ Choice Awards

CPA Practice

OBannon Technology June 27, 2025  Intuit Rolls Out AI Agents for QuickBooks Intuit said the new AI agents will automate workflows and, when combined with human experts, deliver real-time insights and improve cash flow for businesses.

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Answering your MTD for Income Tax FAQs

Accounting Insight

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. What is MTD for Income Tax? Be able to provide their Income Tax return information to HMRC through compatible software. Who is exempt from MTD for Income Tax?

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Professionals on the Move – June 2025, Part II

CPA Practice

A former QuickBooks beta tester, Mary’s work has appeared in The Motley Fool , The Blueprint , and Property Manager.com. Jason Bramwell Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago.

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Financial Roadmap for Employees Transitioning to Self-Employment

Ronika Khanna CPA,CA

Budget for Taxes One of the biggest changes when you become self employed is that taxes are not automatically deducted from your paycheque. Rather, you’re responsible for calculating and paying your taxes, which includes both income tax and for those of you who are registered, sales taxes.

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AICPA News – July 2025

CPA Practice

Provide guidance on Notice 2020-75 and sections 469 and 163 on nonpassive versus passive income and interest expense tracing. Provide guidance on section 111 application to state tax refunds at the individual level and ordering between passthrough entity income tax payments and nondeductible estimated payments and withholding.

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AICPA News – June 2025

CPA Practice

The AICPA has significant concerns with certain provisions in the reconciliation legislation, including: The proposed bill would unfairly exclude SSTBs from deducting state and local income taxes at the partnership level, as is currently permitted.

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How to avoid Self Assessment penalties

Accounting Insight

You can find a QuickBooks-certified accountant in our directory. Use online tools for calculating tax Using online accounting software like QuickBooks makes the whole process easier, as the software can help perform calculations for you. Some software integrates directly into the tax return system, making it even easier.