As I reflect on my work and the challenges CPAs like me face, I can't help but feel overwhelmed by the complexity and confusion embedded in the regulatory environment. It seems like we're constantly dealing with a system that's needlessly complicated—one that forces us to navigate endless rules, shifting requirements, and inconsistent enforcement....

QuickBooks has introduced an update for users of QuickBooks Payments that streamlines how invoices are handled and paid. As of October 21, a new option has been available, allowing payors to cover a convenience fee when paying an invoice by ACH bank payment—even if the invoice isn't enabled for other online payment methods. Keep reading to find out...

The IRS has announced updates for 2025 retirement contributions to keep pace with inflation: