January 2025 - Line Accountancy

The Future of Tax Preparation: How New IRS Regulations Are Changing the Landscape in 2025

The accounting world in the United States is undergoing a significant transformation in 2025, with the Internal Revenue Service (IRS) introducing new regulations and tax adjustments that impact taxpayers and accounting professionals alike. Amid these changes, the importance of meticulous bookkeeping and accurate tax filing cannot be overstated. Here’s what…

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January 23, 2025

Financial Literacy Initiatives and the Role of Accounting in Small Business

In today’s competitive business landscape, financial literacy is no longer a luxury but a necessity, especially for small business owners. Understanding your business’s finances—from cash flow to profit margins—is essential for sustainable growth. Yet, many entrepreneurs lack the time, expertise, or resources to manage their accounting effectively. This is where…

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January 9, 2025

Outsourced Bookkeeping

Bench Accounting Shutting Down: Impact on Over 12,000 SMEs and Alternative Solutions

The sudden shutdown of Bench Accounting on December 27, 2024, has sent shockwaves through the small and medium-sized enterprise (SME) community. Serving over 12,000 small businesses, Bench was a prominent online bookkeeping and tax filing platform. Its abrupt closure has left many SMEs grappling with immediate challenges and uncertainties. https://www.finaloop.com/…

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January 2, 2025