Accounting Today

JANUARY 3, 2024

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

Tax 336

Tax Corporation Tax 336

Accounting Today

FEBRUARY 13, 2025

As the new year's tax season begins, a look back at lessons from the 2024 filing season.

Tax 353

Tax 353

Accounting Today

SEPTEMBER 13, 2023

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

Tax 260

Tax 260

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

Accounting Today

JUNE 4, 2025

The Internal Revenue Service's new Data Book shares a host of positive results from last year.

Tax 251

Tax 251

Xero

MAY 28, 2025

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. Tax deductions are a key area of confusion. For Australias 2.6

XERO 143

XERO Tax Financial Statements Auditing 143

Accounting Today

SEPTEMBER 11, 2024

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.

Tax 308

Tax Accounting Accounting 308

Accounting Today

AUGUST 26, 2024

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

Tax 338

Tax Accounting Accounting 338

Accounting Today

JANUARY 8, 2024

million individual tax returns by the April 15, 2024, tax deadline. The agency is anticipating over 128.7

Tax 347

Tax 347

Accounting Today

NOVEMBER 9, 2023

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

Tax 336

Tax 336

Accounting Today

JULY 16, 2024

A roundup of the most important court cases, regulations and more in tax for the first six months of the year.

Tax 317

Tax 317

Accounting Today

FEBRUARY 15, 2024

New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.

Tax 348

Tax 348

Accounting Today

APRIL 9, 2024

At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.

Tax 342

Tax 342

Accounting Today

JANUARY 19, 2024

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

Tax 326

Tax 326

Accounting Today

AUGUST 8, 2024

31, 2024. The Internal Revenue Service is paying out more claims for the Employee Retention Credit program even as it gives the claims greater scrutiny, and is moving the moratorium on processing new claims from Sept. 14, 2023 to Jan.

Tax 334

Tax 334

Accounting Today

AUGUST 30, 2023

1, 2024. The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan.

Tax 354

Tax 354

Xero

FEBRUARY 10, 2025

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. You’ll now be able to access the updated 2024 Schedule C template.

XERO 240

XERO Invoicing Billing Data Entry 240

Accounting Today

OCTOBER 18, 2024

So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.

Tax 321

Tax 321

Accounting Today

DECEMBER 27, 2023

Technology developers who serve the accounting profession share the developments they have planned for 2024.

Accounting 331

Accounting Accounting Accounting Software Tax 331

Accounting Today

NOVEMBER 5, 2024

The future of the Tax Cuts and Jobs Act and other tax issues are on the ballot.

Tax 264

Tax 264

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. Consult with experts: If you’re unsure about how the initiative will impact your business, consider seeking advice from a tax advisor or accounting professional.

Invoicing 245

Invoicing XERO Invoice Processing Tax 245

Accounting Today

JANUARY 24, 2024

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

Auditing 306

Auditing Tax 306

Accounting Today

APRIL 16, 2024

The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.

Tax 240

Tax Accounting Accounting 240

Xero

MARCH 25, 2025

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax 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.

XERO 143

XERO Payroll Tax Corporation Tax 143

Xero

DECEMBER 13, 2023

To help small businesses and their advisors plan ahead, I’ve looked at separating the hype from reality to uncover the top five technology trends that may impact the small business landscape in 2024. Will it be the breakthrough technology of 2024? It seems unlikely to reach full maturity next year.

XERO 278

XERO Computation Billing Financial Services 278

Accounting Today

DECEMBER 8, 2023

President Joe Biden's son Hunter was indicted on nine federal tax charges in a development that will become a political headache for the White House and Democrats as the 2024 campaign ramps up.

Tax 304

Tax 304

Xero

SEPTEMBER 9, 2024

This includes the ability to view tax rates and breakdowns in the invoice creation screen, and because of your idea , record overpayments against invoices so that credit can be applied to future invoices. US: Simplify sales tax with state-based sales tax reports It’s now easier for you to find and use sales functionality tax in Xero.

XERO 264

XERO Payroll 1099 Preparation Invoicing 264

Accounting Today

SEPTEMBER 28, 2024

AICPA chief Barry Melancon parses the tax issues of the election, as well as the broader uncertainty facing the profession.

Accounting 316

Accounting Accounting Tax 316

Accounting Today

MAY 9, 2024

Overall, a better experience, but there were still some bumps on the road to April 18.

Tax 317

Tax 317

Accounting Today

OCTOBER 24, 2023

The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.

Tax 340

Tax 340

Accounting Today

JANUARY 18, 2024

The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.

Tax 258

Tax 258

Xero

NOVEMBER 11, 2022

From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. . In place of the annual Self Assessment , clients will need to send the following every tax year: . What MTD for ITSA means for your clients.

Tax 263

Tax XERO Bookkeeping Record Keeping 263

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Eric Lee/Bloomberg Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trumps $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4. All rights reserved.

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130

Accounting Today

OCTOBER 2, 2024

In Notice 2024-72, the IRS adding to the relief granted last year.

Tax 297

Tax 297

Accounting Today

FEBRUARY 13, 2024

The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.

Tax 331

Tax 331

Accounting Today

FEBRUARY 7, 2024

Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.

Tax 333

Tax 333

Xero

AUGUST 7, 2024

Avalara Avalara helps businesses of all sizes get tax compliance right, no matter where in the world they run their business. The post Introducing our 2024 Xerocon Nashville event partners appeared first on Xero Blog. See you there!

XERO 241

XERO Collections Accounts Payable Accounts Payable 241