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Accounting February 7, 2025 

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants.

Mary Girsch-Bock

Advisory February 7, 2025 

It can automate repetitive tasks, such as inserting standard service descriptions, pricing, and contract terms. It allows you to quickly generate proposals from templates instead of starting from scratch

Becky Livingston

Advisory February 7, 2025 

The report highlights the need for sustainable approaches to breaking down “silos” within risk management and assurance functions, which can result in inefficiencies, duplicative efforts, and incomplete reporting.

Small Business February 7, 2025 

The publication explores critical themes such as the adoption of generative artificial intelligence (AI), the impact of hybrid and return to work models, heightened cybersecurity demands, and changing buyer behaviors.

Small Business February 7, 2025 

If you’re a self-employed individual, you can deduct your “ordinary and necessary” business expenses, just like the corporate giants do. However, you’re also held to the same strict substantiation rules.

Ken Berry, JD

Small Business February 7, 2025 

If you plan to do business outside of the United States, you’ll need to understand value-added tax (VAT). It’s the most common consumption tax in the world.

Gail Cole

Taxes February 7, 2025 

Ippei Mizuhara, who stole nearly $17 million from the Los Angeles Dodgers superstar to cover debts, was ordered to pay nearly that sum in restitution to Ohtani and a little more than $1 million to the IRS.

Firm Management February 7, 2025 

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

Mary Girsch-Bock

Payroll February 7, 2025 

U.S. job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty around the economy.

Payroll February 7, 2025 

Now the Trump administration is signaling a tougher posture in its bid to shrink the government’s workforce, asking federal agencies to draw up lists of their poorest performing employees by March 7.

Taxes February 7, 2025 

If you found this article, you're probably expecting a refund and are starting to think about doing your taxes or going to a tax pro, or perhaps you just filed, and are curious how long you need to wait for that $$$.

Isaac M. O'Bannon

Small Business February 6, 2025 

The report covers sales tax changes specifically affecting the manufacturing, retail, and software industries. It also addresses beverage alcohol, communications, excise, lodging, and VAT changes.

Gail Cole