by Nirali Joshi | May 16, 2025 | Payroll
One in three employers makes payroll errors that cost businesses billions in penalties each year. The IRS collected more than $6 billion in payroll tax penalties last year. A simple mistake like missing a $10,000 payroll tax deposit deadline can lead to $1,500 in...
by Nirali Joshi | May 12, 2025 | Accounting
Running a CPA firm or accounting practice today comes with a unique set of challenges. Between managing client expectations, keeping up with constantly changing tax laws, and navigating seasonal workload spikes, firms are consistently pressed for time and resources....
by Nirali Joshi | May 2, 2025 | Audit
Did you know that employee benefit plans audit was mandatory for plans with 100 eligible participants or more until 2023? The Department of Labor changed this requirement. Plans now need audits only if they have 100 participants or more with account balances at the...
by Nirali Joshi | Apr 30, 2025 | Tax Preparation
Millions of nonprofit organizations feel anxious as the May 15 tax deadline draws closer. Most tax-exempt groups that follow a calendar-year schedule must file with the IRS by this crucial date. Missing this obligation for three straight years could automatically...
by Nirali Joshi | Apr 24, 2025 | Accounting
Outsourcing accounting is no longer just a trend for large corporations – it’s a growing necessity for businesses of all sizes. With rising costs, increasing complexity in compliance, and the constant demand for timely financial insights, many businesses...
![How to Handle Catch-up Bookkeeping After Tax Season [2025 Guide]](https://stratedgetaxaccllp.com/wp-content/uploads/2025/04/how-to-handle-catch-up-bookkeeping-after-tax-season-2025-guide.png)
by Nirali Joshi | Apr 15, 2025 | Bookkeeping, Tax Preparation
Many businesses fall behind on their bookkeeping after the draining tax season. The end of tax season doesn’t mean your accounting work stops. Your outdated books can get pricey with missed deductions, IRS penalties and messy cash flow issues. Summer brings us...
by Nirali Joshi | Mar 10, 2025 | CFO
For many startups, hiring a Chief Financial Officer (CFO) is often seen as a luxury rather than a necessity. Founders may assume that a CFO is only needed once the company reaches a certain level of growth or revenue. However, hiring a CFO early in the startup journey...
by Nirali Joshi | Mar 2, 2025 | Tax Preparation
Tax season can be one of the most demanding times of the year for CPA firms. With increasing regulatory complexities, tight deadlines, and growing client expectations, the workload often becomes overwhelming. The stress of tax season isn’t just about the volume of...
by Nirali Joshi | Feb 20, 2025 | Accounting
As we explored in The Talent Shortage in the Accounting Industry: Is Outsourcing the Ultimate Solution?, the accounting profession is grappling with a severe talent shortage. (If you haven’t read the first part yet, we recommend starting there to understand the full...
by Nirali Joshi | Feb 11, 2025 | Accounting
The accounting industry in the U.S. is facing an unprecedented talent crisis. The declining number of accounting graduates, the retirement of experienced CPAs, and increasing workloads are putting immense pressure on firms. This shortage is not just an inconvenience...
