This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The next phase of Making Tax Digital is coming. In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. MTD for IT filing will be available in all Xero business plans.)
Its been a massive start to 2025! We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). In February , we shared enhancements weve made to invoicing.
CPAs know the drill: taxes, compliance, rinse, repeat. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist. . 📆 March 13, 2025 at 9:30am PT, 12:30pm ET, 5:30pm GMT
UK: Streamlined tax workflow and compliance We’ve made Xero even better with some UK tax enhancements designed to save you time and reduce errors. Plus, you can now set up and manage practice government gateway IDs for Xero Tax in one location. Relax and enjoy seamless compliance with the new regulations.
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.
With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.
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.
Welcome to 2025, where younger generations are prioritizing wellness over wealthspecifically, financial wellness. Having a clear plan of action , along with researching available tax deductions and credits , can significantly aid your path to homeownership and ensure you are making the most financially sound decisions on your journey.
Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.
Payroll year-end is when a business finalises payroll records for the tax year. Think of it as closing out your payroll for the period: youre reporting to HMRC the total amount youve paid your employees and the deductions youve made, which is necessary admin before starting a new tax year. A step-by-step guide to year-end 1.
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.
From those with no individual income tax at all, to those with complex tax structures a guide to most and least competitive states when it comes to individual income taxes.
This month, the Internal Revenue Service is predicting a rise in tax scams for 2025, and added four new eligible counties for foreign income exclusion.
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.
By leveraging Intuits AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuits platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth. with international availability to follow.
Singapore Corporate Tax Update 2025: What Your Business Needs to Know Good news! Budget 2025 has introduced significant tax benefits to help businesses manage cash flow better. Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates.
Minimum Corporate Tax Rate in Singapore 2025 As we approach 2025, small business owners in Singapore need to understand the implications of the minimum corporate tax rate and any updates in the tax landscape. This rate is stable, offering a consistent and predictable tax environment for businesses in Singapore.
How the 2025 Singapore Budget Can Support Small Business Growth Running a small business in Singapore is both exciting and challenging. The 2025 Singapore Budget introduces several measures to make your journey smoother, more sustainable, and financially secure. Explore our transparent, all-in-one pricing here.
SEC accepts 2025 FASB taxonomies; SAP builds Joule AI into Concur Expense and Concur Travel; New startup, Town, launches with SMB tax platform; and other accounting tech updates.
Tax season is about providing superior, high-value services to clients. That means doing everything necessary to make the experience working with you pleasant.
Navigating ACRA’s Compliance Requirements for 2025 As a small business owner in Singapore, ensuring compliance with ACRA’s regulations is crucial for your companys legal standing and company incorporation. As of 2025 , this requirement remains in force. Discover our all-inclusive incorporation packages here.
Below is a summary of the 1 April 2025 updates: ACC Earners Levy updating to 1.67 ACC – Check the tax calculated with minimum earners levy is calculating properly. Release date April 2025. cents ACC Earner threshold updating to $152,790.00 Minimum Wage Adult Min Wage increasing to $23.50.
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.
As we prepare to move into 2025, here are some restaurant accounting and bookkeeping trends that can simplify your financial management and help grow your business. Automation has revolutionized accounting in recent years, and it will continue to do so in 2025. What about innovating to meet customer expectations?
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.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content