Mon.Dec 23, 2024

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The best and worst states for individual taxes in 2025

Accounting Today

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.

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Essential Insights on Zero-Based Budgeting Techniques

Intuit

Understanding zero-based budgeting Do you know exactly where every dollar you earn goes each month? If you dont, zero-based budgeting might be worth a try. This popular budgeting method asks you to allocate every dollar you earn to specific expenses, giving each of those dollars a specific job. Unlike traditional budgets that might leave room for overspending, zero-based budgeting aims for precision.

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IRS proposes new requirements for tax pros

Accounting Today

If enacted, the regs would require practitioners to maintain a certain level of technological competence, among other things.

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6 Practical Budget Apps for Your Finances

Intuit

6 best budgeting apps for managing your money Theres no limit to what the smartphone in your pocket can do. Sure, its a great source of news and entertainment, but it can be a tool to help you get ahead. And, if your finances are an area youre looking to improve, theres no shortage of budgeting apps to help get you on track. However, the challenge becomes wading through the sea of options and choosing the one that works for you.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Phony tax forms nail accountant for mortgage fraud

Accounting Today

A Washington, DC tax accountant pleaded guilty for submitting falsified documents in his application for a $1.4 million purchase loan, which he later received.

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Budgeting guidelines for living expenses

Intuit

Table of Contents What are living expenses? Categories of living expenses How to budget for monthly living expenses Budgeting tips Manage your living expenses for a brighter financial future When managing your money, living expenses are the heavy hitters. You know, those recurring costs that keep a roof over your head, food on your table, and the lights on.

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What is a budget? 

Intuit

Table of Contents Why do you need a budget? Types of budgets How to start a budget Common budgeting mistakes Start budgeting today for a better financial future A budget is a summary of how much money you bring in and how much you spend. Think of it as a financial roadmap to measure and guide your income and expenditures for a certain period, such as a month, quarter, or year.

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Aiwyn raises $113M in funding

Accounting Today

The money will help it expand from payments and collections to a broader practice management platform, and to develop a tax solution.

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What to include in a budget: 10 types of expenses

Intuit

Table of Contents Types of expenses Expenses to include in your budget Tips for managing your budget Putting your budget to work A budget is a financial record of your income and expenses over a set period of time. People often calculate and analyze their budgets yearly, quarterly, or monthly. Some might even track their expenses daily if theyre adamant about getting a handle on where their money is going.

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Art of Accounting: A template for hiring an experienced manager

Accounting Today

Firms that hire experienced people do not usually get what they expect or are paying for.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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The basics of budgeting

Intuit

Table of Contents Learning how to be on a budget Tips for making budgeting easier Creating a budget with Intuit Let’s be honest: The prospect of learning how to budget doesn’t usually spark excitement. If we had to guess, thats probably because budgets are often synonymous with limitations. But a well-crafted budget is actually more freeing than restraining.

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AI Thought Leaders: Progress, promise and peril

Accounting Today

In this first of three parts of our second annual AI Thought Leaders Survey, our pool of experts share their take on the state of AI over the past year, for both good and ill.

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2025 ProAdvisor Application Process Remains Open

Insightful Accountant

Holiday Leave is the perfect time to 'apply for' (or complete) your 2025 ProAdvisor Awards. Remember, you only have until February 11, 2025 to get those applications in for awards.

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Gain an entrepreneurial edge

Accounting Today

A bold mindset can help you move your accounting firm further.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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New Pathways to CPA Licensure Address Industry Talent Shortage

Insightful Accountant

The accounting profession is undergoing significant changes in how it approaches CPA licensure, driven by an urgent need to attract new talent. Many view the traditional CPA path's return on time investment as insufficient.

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If Your Balance Sheet is Wrong, So is Your Profit and Loss Statement. Here’s Why.

CSI Accounting & Payroll

If youre like most small business owners, your Profit & Loss Statement (also called P&L or Income Statement) is your holy grail. Your Balance Sheet thats another story. You might even know that its wrong and still not care.

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Murph's Christmas Pudding Recipe

Insightful Accountant

Every few years, at the request of a few of our long-term readers, I republish my traditional English Christmas pudding recipe. So Happy Holidays!

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Bookkeeping Contract (Free Template + Instructions)

Future Firm

Clearly define services and timelines to deliver great results while enjoying more free time with our bookkeeping template and expert tips. The post Bookkeeping Contract (Free Template + Instructions) appeared first on Future Firm.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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The Tax 3.0 Overhaul is Underway

Insightful Accountant

New technology is impacting the speed of adoption, simplifying workflows and changing how businesses get paid and interact with taxing authorities worldwide.

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The virtual close

Accounting Tools

What is the Virtual Close? A virtual close involves the use of fully integrated company-wide accounting systems to produce financial statements at any time, on demand. This approach requires not only enterprise resources planning (ERP) systems, but also a great deal of effort to ensure that the underlying information is correct. The required investment is so large that you rarely see a virtual close in smaller companies.

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A Complete Guide to Intuit Enterprise Suite

Ace Cloud Hosting

The 2024 Intuit QuickBooks Business Solutions Survey reveals that 82% of mid-market businesses prioritize steady or fast growth. However, they struggle with inefficiencies from juggling an average of 10 software.

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Federal payroll tax withholding chart 2024-25 and employer guidance

Black Ink Tax & Accounting

Table of Contents Understanding the Average Cost of CPA Tax filing how much will it cost The filing of taxes […] The post Federal payroll tax withholding chart 2024-25 and employer guidance appeared first on bitaccounting.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Millions to get bigger Social Security checks if Biden signs new bill

Accounting Today

Critics warn that the measure comes at the cost of pushing the fund further toward insolvency.

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Important Business Tax Deadlines for 2024: Key Due Dates to Remember

Black Ink Tax & Accounting

Table of Contents Understanding the Average Cost of CPA Tax filing how much will it cost The filing of taxes […] The post Important Business Tax Deadlines for 2024: Key Due Dates to Remember appeared first on bitaccounting.

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The top tax stories of 2024 for financial advisors

Accounting Today

Here's a roundup of tax-related news and insights on politics, practice management, investment strategies, health savings accounts, estate planning and more.

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Create Your Personalized Budget Template for Effective Planning

Intuit

Understanding budget templates Budget templates provide a framework for organizing income and expenses, helping users gain a clear picture of their finances. Whether you’re a budgeting beginner or have some experience, a template is always a good idea. Let’s explore how these versatile tools can transform your approach to money management.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.