Small Business February 6, 2025
Valentine’s Day Spending Forecast to Hit Record $27.5 Billion
The most popular gift categories this year include candy (56%), flowers (40%), greeting cards (40%), an evening out (35%) and jewelry (22%).
Taxes February 6, 2025
Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs
The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.
Accounting February 6, 2025
Businesses Face Persistent Risks and Growth Opportunities as Global Economy Undergoes Transformative Shift
A new study explores how businesses, executives and investors should rethink traditional approaches for navigating today’s global macroeconomic environment.
Firm Management February 5, 2025
Brown Plus Recognized for Firm’s Remote and Hybrid Structure
The Best Remote and Hybrid Workplaces in America award showcases the outstanding achievements and best practices of employers with the highest rated remote and hybrid work programs across the country.
Accounting Standards February 5, 2025
Schneider Downs Achieves C3PAO Authorization to Conduct CMMC Certifications
The firm is one of only 54 CMMC C3PAOs nationwide to be authorized to conduct CMMC certification assessments for the Department of Defense's (DoD) program.
Small Business February 5, 2025
CFOs Show Signs of Optimism in Latest Grant Thornton Survey
Respondents reported 13-quarter highs in their confidence in meeting growth projections (65%), increased demand (64%), cost control goals (62%) and labor needs (60%).
Taxes February 5, 2025
So, You Received a 1099-K. Now What?
The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed. For the 2024 tax year, the threshold is $5,000, though reductions are expected in 2025 and 2026.
Accounting February 5, 2025
The Institute of Internal Auditors Releases the Cybersecurity Topical Requirement
The Cybersecurity Topical Requirement provides a baseline approach for internal audit functions when they assess cybersecurity as an audit topic or if cybersecurity is identified as a risk within other audits.
Small Business February 5, 2025
Financial Organizations Optimistic About Growth But Are Stunted By Poor Software Investments
The insights from this survey will help financial organizations avoid the same fate as the alarming 70% of financial organizations that say they regret a recent software purchase in the past 18 months.
Accounting February 5, 2025
Undergraduate Accounting Enrollment Rose 12% in Fall 2024
New data from the National Student Clearinghouse Research Center shows a 12% increase in fall 2024 accounting enrollment compared to fall 2023. The increase amounted to an additional 28,672 students.
Firm Management February 4, 2025
Free Streaming Series Offers Wellness Tips for Professionals During Busy Season
The online wellness program provides free, expert-led wellness events specifically designed to support mental clarity, reduce stress, and optimize productivity during the busiest time of year.
Small Business February 4, 2025
Avalara Report Shows States Trying to Simplify Sales Taxes, Amping Up Audit Teams, and Increased E-Invoicing
Key findings in the 2025 Avalara Tax Changes report point to nascent state-by-state efforts to alleviate the burden of tax compliance related to economic nexus laws.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
