Massive budget cuts under the Department of Government Efficiency in early 2025 led to the IRS losing a third of its staff and this is seriously messing things up. They’re struggling to meet tax return deadlines, customer service is terrible Read more…
These days, things are changing fast in business and thus, keeping a handle on finances and staying profitable is super important. Sometimes, in-house accounting teams get swamped and might not have all the tools, know-how or tech they need to Read more…
Curious where your paycheck disappears to? Those deductions are confusing, right? It is super important to know the difference between pre-tax and post-tax deductions. This blog explains it in plain language, so you see how they affect your taxes and Read more…
The Trump administration’s recent hefty tariffs, hitting up to 26% on certain Indian goods, have really shaken things up for Indian businesses and the government. Sure, it’s messed with the trade flow between India and the US, but it’s also Read more…
It is becoming increasingly tough for businesses to penetrate through the constantly changing sales tax rules as transactions cross multiple jurisdictions. The processes and systems implemented by a business to accurately collect, report and file these taxes as regulated by Read more…
The adoption of artificial intelligence (AI) in finance has revolutionized how accounting firms handle accounts payable (AP), creating opportunities for increased accuracy, compliance, and efficiency. In the United States, where accounting firms adhere to strict standards under Generally Accepted Accounting Read more…
Did you know? Outsourcing bookkeeping has become an increasingly popular solution for small businesses aiming to optimize operations, reduce costs, and maintain precise financial records. With access to professional services at a fraction of the cost of in-house accountants, small Read more…
Introduction Setting up an efficient bookkeeping system is crucial for accounting firms, mainly when serving clients in regions like the USA and UK. Each region has its own regulations, accounting standards, and client expectations, making adopting a flexible yet comprehensive Read more…
Introduction The countdown has begun—October 15 is just around the corner, and for those who missed the April tax deadline, this is the last chance to get everything in order. It’s easy to feel overwhelmed when you’re staring down the Read more…
The October 15 tax filing deadline is fast approaching, and businesses across the United States and Canada are feeling the pressure. Whether you’re filing in Florida, California, Washington, or Ontario, this critical period demands meticulous planning to avoid penalties and Read more…