Accounting Today

DECEMBER 2, 2024

States that do not assess the major taxes are more competitive than states with complex taxes with high rates.

Tax 342

Tax 342

Accounting Today

AUGUST 29, 2023

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Tax 246

Tax Corporation Tax 246

Accounting Today

NOVEMBER 1, 2024

The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.

Tax 306

Tax 306

Accounting Today

DECEMBER 19, 2024

Next year is set to become one of the most significant in modern history when it comes to shaping the tax and financial planning environment.

Tax 273

Tax 273

Accounting Today

NOVEMBER 6, 2024

Over half of accounting and tax firms plan to increase fees across all services in 2025, according to a new survey.

Tax 289

Tax Accounting Accounting 289

Accounting Today

NOVEMBER 1, 2023

10, 2025, to fix a refund claim. Taxpayers will now have through Jan.

Tax 321

Tax 321

Accounting Today

OCTOBER 28, 2024

Tax season is about providing superior, high-value services to clients. That means doing everything necessary to make the experience working with you pleasant.

Tax 195

Tax Accounting Accounting 195

Accounting Today

DECEMBER 19, 2024

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Corporation Tax 317

Corporation Tax Tax 317

Accounting Today

NOVEMBER 4, 2024

Act and the Tax Cuts and Jobs Act. The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0

Tax 222

Tax 222

Accounting Today

DECEMBER 20, 2024

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

Accounting 189

Accounting Accounting Tax 189

Accounting Today

DECEMBER 24, 2024

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

Accounting 264

Accounting Accounting Tax 264

Accounting Today

OCTOBER 25, 2024

Artificial intelligence is transforming how firms manage tax returns, communicate with clients and handle administrative tasks.

Tax 173

Tax Accounting Accounting 173

Accounting Today

SEPTEMBER 4, 2024

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

Tax 173

Tax 173

Accounting Today

AUGUST 30, 2024

Transfer pricing, Pillar Two, GLAM and more are important considerations.

Tax 222

Tax 222

Accounting Today

NOVEMBER 20, 2024

For individuals, the overpayment and underpayment rate will be 7%.

Tax 279

Tax 279

Accounting Today

NOVEMBER 26, 2024

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold.

Tax 317

Tax 317

Accounting Today

DECEMBER 17, 2024

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

Tax 264

Tax 264

Xero

MAY 16, 2022

From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. A closer look at MTD for hospitality.

Tax 207

Tax XERO Accounting Software Invoicing 207

Xero

DECEMBER 10, 2024

It’s part of Malaysia’s broader digital transformation strategy to promote transparency, reduce tax evasion, and improve the efficiency of financial processes. Phase 2: Businesses with an annual turnover between RM25 million and RM100 million will need to comply starting 1 January 2025.

Invoicing 175

Invoicing XERO Invoice Processing Tax 175

Accounting Today

OCTOBER 9, 2024

In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.

Tax 182

Tax Corporation Tax 182

Fidesic blog

APRIL 4, 2023

New perpetual licensing sales end earlier, in 2025. Tax and other product updates for Dynamics GP, including some features enhancements already planned for 18.6 Starting April 1, 2025 no new sales of GP Perpetual Licenses. Again, no change for existing customers. For existing customers there are no changes.

AP 246

AP Tax Accounting Accounting 246

Accounting Today

OCTOBER 3, 2024

The free filing program will be available in 24 states, and reach potentially 30 million taxpayers.

Tax 258

Tax 258

Compleatable

DECEMBER 11, 2024

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100

AP Purchase Order Accounts Payable Accounts Payable 100

Accounting Today

AUGUST 19, 2024

The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.

Tax 182

Tax 182

Accounting Today

AUGUST 27, 2024

The Treasury Department and the Internal Revenue Service said Tuesday that Maine will be the latest state to join the IRS Direct File free tax prep system for filing season 2025.

Tax 182

Tax 182

Compleatable

DECEMBER 11, 2024

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100

AP Purchase Order Accounts Payable Accounts Payable 100

Accounting Today

JULY 27, 2023

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Billing 246

Billing Tax 246

Accounting Today

NOVEMBER 6, 2024

With 2025 nearly here, year-end tax strategies including gifting, charitable donations, estate planning, retirement plans and more are on the table.

Tax 130

Tax 130

Ace Cloud Hosting

DECEMBER 22, 2024

As tax season 2025 approaches, the bustling months ahead bring not just opportunities for CPAs but also heightened vulnerabilities to cyber threats. In todays digital age, where sensitive financial data.

Tax 75

Tax Accounting Accounting 75

Accounting Today

DECEMBER 19, 2024

The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.

Budgeting 100

Budgeting Tax 100

Counto

MARCH 4, 2024

Important Changes to Employment Pass (EP) Requirements for 2025 Starting January 1, 2025, significant adjustments to the Employment Pass (EP) criteria will take effect, impacting both employers and foreigners alike. Experience a smarter way to outsource your accounting with confidence.

Budgeting 98

Budgeting Financial Services Tax Accounting 98

Accounting Today

JANUARY 30, 2024

With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.

Tax 157

Tax Corporation Tax 157

Analytix Finance & Accounting

NOVEMBER 20, 2024

These are some of the statistics reported by National Restaurant Accounting. This can result in less time or motivation to focus on numbers, accounting, and bookkeeping, even though these tasks are crucial for long-term success. Automation has revolutionized accounting in recent years, and it will continue to do so in 2025.

Accounting 52

Accounting Accounting Bookkeeping Data Entry 52

Xero

DECEMBER 10, 2024

Payroll year-end sees a business wrap up the tax year for payroll purposes. Youll also need to issue P60s to your employees and make any adjustments to tax codes for the new tax year. This is in contrast to your usual payroll which happens every payday usually weekly or monthly rather than just at the end of the tax year.

Payroll 130

Payroll XERO Tax Accounting Software 130

Outsourced Bookeeping

NOVEMBER 22, 2024

Among these challenges, accounting and financial management can pose serious problems for most firms. Now, businesses can be strategic and hire external services to manage their accounting complexities. All these issues need us to be strategic and use top-notch small business accounting trends in 2025 to deal with them.

Outsourced Bookkeeping 52

Outsourced Bookkeeping Accounting Accounting Small Business Accounting 52

Xero

MAY 13, 2024

In Xero Payroll, all active and terminated employees (who will be included in the STP finalisation for the financial year) will need an employment type, income type, and tax scale defined in their records. Use the Account Transactions report to identify any transactions that may have been incorrectly reconciled against your Expense Accounts.

XERO 221

XERO Payroll General Ledger Reconciling 221

Xero

MAY 17, 2022

each year until it reaches 12% in 2025. However, the updates to superannuation likely mean you’ll need to set aside a little more each quarter, accounting for an extra 0.5% You should also seek advice from your financial or tax advisor as required. of their eligible earnings (ordinary time earnings). .

Payroll 246

Payroll XERO Bookkeeping Tax 246