Cherry Bekaert

JUNE 15, 2023

Upcoming Changes to Estate Planning Laws: Start Preparing Now Elevated Gift Tax Exclusions Will Sunset after 2025 The 2017 Tax Cuts and Jobs Act (TCJA) nearly doubled the lifetime estate and gift tax exemption from $5.6 Any difference between the current higher exemption amounts and the post-2025 reduced amounts will be lost if not used.

Tax 111

Tax cpas 111

CPA Practice

APRIL 15, 2024

Vault’s ranking for 2025 came out Monday morning, and for the 12th straight year, PwC was named the top accounting firm in the U.S. Vault’s top accounting firms for 2025 are (previous year’s ranking in parenthesis): 1. April 15 isn’t just Tax Day. Insiders also laud the ‘continuous growth opportunities’ and ‘ability to work remotely.’”

accounting firms 59

accounting firms top accounting firms Account accountant 59

Withum

JANUARY 2, 2024

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. Let’s Chat The post Pennsylvania Will Recognize Grantor Trusts for Tax Years Beginning After January 1, 2025 appeared first on Withum.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

CPA Practice

MARCH 12, 2024

By Keerthi Vedantam, Kiplinger Consumer News Service (TNS) Among President Joe Biden’s requests in his newly released 2025 fiscal year budget are calls for strengthening and protecting Medicare and Social Security, moves previewed in his State of the Union address last week and ones that help to kick off his re-election campaign.

payroll tax 52

payroll tax income tax Hospitality Washington 52

GrowthForceBlog

APRIL 5, 2024

7 min read According to the Bureau of Labor Statistics , some estimates show that only 5% of total work hours in the U.S. were remote before the pandemic, and a whopping 50% of work hours were remote between April and December of 2020.

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84

Insightful Accountant

AUGUST 14, 2023

The Internal Revenue Service says its new Paperless Processing Initiative will cut processing times in half and expedite refunds by several weeks.

94

94

RogerRossmeisl

JULY 16, 2023

Note: Under the Tax Cuts and Jobs Act, employees can’t deduct their unreimbursed travel expenses on their own tax returns through 2025. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025.

tax return 204

tax return CPA Tax business tax 204

RogerRossmeisl

JANUARY 14, 2024

Entities in existence prior to January 1, 2024, have until January 1, 2025, to file these reports. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) providing specified information regarding the entity’s “beneficial owners” (the so-called BOI reporting requirement under the Corporate Transparency Act).

CPA 230

CPA Start-ups Tax Government 230

PYMNTS

FEBRUARY 25, 2019

the market could reach $16 billion by the year 2025, as per a report by Bloomberg. The prediction for the continued use of CBD was set “conservatively” at usage growing 10 percent by 2025, which would reach the $16 billion threshold. . According to an analysis by Cowen & Co., Cowen questioned 2,500 adults for its January survey.

Ohio 71

Ohio New York Legal Maine 71

PYMNTS

NOVEMBER 19, 2018

Thanks to affordable mobile internet, the internet economy in Southeast Asia is expected to surpass $240 billion in 2025, according to a new study conducted by Google and Temasek Holdings of Singapore. The report predicted the market would swell to more than $100 billion by 2025 as consumer trust in online shopping grows.

Sales 61

Sales Account accountant accounted 61

PYMNTS

DECEMBER 26, 2018

billion by 2025. The “Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography — Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period.

Healthcare 70

Healthcare Pharmaceutical Hospitality Technology 70

PYMNTS

MAY 22, 2020

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

Non-Profits 64

Non-Profits Account accountant accounted 64

RogerRossmeisl

FEBRUARY 18, 2024

Be aware that this deduction is only available through 2025, unless Congress acts to extend it. The deduction is taken “below the line,” meaning it reduces taxable income, rather than being taken “above the line” against your gross income. You report income and expenses.

Tax 178

Tax CPA business tax 178

PYMNTS

FEBRUARY 14, 2019

in data generation by 2025, according to a study reported by CNBC. By 2025, that amount is expected to grow to 48.6ZB. for its part, generated 6.9ZB last year, and in 2025 that number is projected to grow to 30.6ZB. The total amount of new data generated in 2025 is expected to grow to 175ZB, from 33ZB in 2018.

Entertainment 53

Entertainment Technology 53

CPA Practice

MARCH 8, 2024

By Joy Taylor, Kiplinger Consumer News Service (TNS) Taxes will be center stage in 2025 and 2026. Much of the 2017 tax law expires after 2025. Most provisions impacting individuals and estates end after 2025. Politicians might even use the upcoming 2025 tax debate to lower the debt.

Tax 111

Tax income tax Washington Start-ups 111

RogerRossmeisl

JULY 30, 2021

Note that under the Tax Cuts and Jobs Act (TCJA) , employees can’t deduct their unreimbursed travel expenses through 2025 on their own tax returns. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025.

tax return 246

tax return Transportation CPA Tax 246

RogerRossmeisl

JUNE 19, 2023

If you reach age 72 in 2023, the required beginning date for your first RMD is April 1, 2025, for 2024. You generally must start taking withdrawals from your IRA, SEP, SIMPLE and other retirement plan accounts when you reach age 73 if you were age 72 after December 31, 2022. You can withdraw more than.

Tax 230

Tax CPA Account accountant 230

PYMNTS

DECEMBER 18, 2017

That looks to be changing, though, as the car company has announced that it plans to offer more than 10 purely battery-powered vehicles from 2020 on — with every car it sells available in an electric or hybrid model by 2025, TechCrunch reported Monday.

Technology 47

Technology Manufacturing Sales Retail 47

CPA Practice

MARCH 7, 2024

The IRS is asking the public to submit suggestions on tax issues that should be included in the agency’s 2024-2025 Priority Guidance Plan.

Tax 111

Tax 111

PYMNTS

MAY 13, 2019

The estimated value of the global intelligent vending machine market by 2025 is $15 billion. The expected CAGR of the global parking meter market from 2018 to 2025 is 6.97 These are just some of the ways firms are changing the way consumers buy goods, ranging from frozen yogurt to modern-day vending machines.

Retail 71

Retail Technology Sales Finance 71

Withum

FEBRUARY 1, 2024

The refundable child tax credit would continue to increase by $100 per year through Dec. The bill would also expand low-income housing credit and financing, disaster tax relief, and U.S.-Taiwan Taiwan tax provisions. 31, 2024.

Tax 124

Tax Finance tax services business tax 124

Accounting Today

OCTOBER 28, 2022

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Technology 99

Technology 99

RogerRossmeisl

NOVEMBER 9, 2023

Many unable to claim a tax break For losses incurred from 2018 through 2025, the TCJA generally eliminates deductions for personal casualty losses, except for losses due to federally declared disasters. It’s a sudden, unexpected or unusual event, such as a hurricane, tornado, flood, earthquake, fire, act of vandalism or a terrorist attack.

Tax 143

Tax tax return CPA 143

PYMNTS

DECEMBER 20, 2016

Perhaps the most surprising insight Visa’s study provides is that outbound travel for Indian nationals over age 65 is expected to experience a staggering 193 percent increase in growth by 2025. In households most likely to travel internationally, the study estimates that average travel spending to be $5,305 per household per year by 2025.

Account 46

Account accountant accounted 46

RogerRossmeisl

JULY 17, 2022

For 2018 through 2025, business and moving miles are deductible only in much more limited circumstances. Unfortunately, under current law, you may not be able to deduct as much as you could years ago. For years prior to 2018, miles driven for business, moving, medical and charitable purposes were potentially deductible.

tax return 227

tax return CPA Tax 227

CPA Practice

APRIL 16, 2024

was short-lived, as PwC has regained that title for 2025, according to Vault.com, a website that provides career resources and advice to students and job seekers. Based on the results of the survey, here are Vault’s 50 most prestigious accounting firms for 2025: 1. Deloitte’s reign as the most prestigious accounting firm in the U.S.

accounting firms 52

accounting firms Account accountant accounted 52

PYMNTS

SEPTEMBER 26, 2019

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. The electronics retailer also intends to have $1 billion of additional efficiencies as well as cost reductions over the next five years, while still aiming for revenue of $43.1 billion to $43.6

Healthcare 40

Healthcare Retail Technology 40

RogerRossmeisl

JULY 16, 2022

Note: The federal estate tax exclusion amount is scheduled to sunset at the end of 2025. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs. Beginning on January 1, 2026, the amount is due to be reduced to $5 million, adjusted for inflation.

income tax 223

income tax tax planning Tax CPA 223

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

income tax 137

income tax Tax accounting standards financial accounting 137

PYMNTS

JANUARY 31, 2017

By 2025, the report suggests that American consumers could be spending upwards of $100 billion on online grocery purchases, comprising some 20 percent of the total market share. While online sales make up a small fraction of the total market in the U.S., the market share is growing quickly. could grow tremendously in the next decade.

Start-ups 51

Start-ups Sales Retail 51

Withum

JANUARY 16, 2024

Instead, the bill would delay the 5-year domestic R&E capitalization requirement until taxable years beginning after December 31, 2025. For property place in service after December 31, 2025, and before January 1, 2027, bonus depreciation would remain at 20%. Potential ERC claims should be submitted as soon as possible.

Tax 118

Tax Tennessee New Jersey Massachusetts 118

ThomsonReuters

JANUARY 22, 2024

Key provisions include: Increased Refundable Portion : The refundable portion of the child tax credit will gradually increase over the years 2023-2025, offering more financiaTax assistance to families. Bonus Depreciation: 100 % bonus depreciation is extended through 2025, allowing businesses to fully expense qualified property.

Tax 105

Tax business tax accounting and finance payroll 105

RogerRossmeisl

FEBRUARY 28, 2022

In 2021 California passed AB 150, which provides that, in the taxable years 2021-2025, a so-called “qualified entity” (a S corporation, partnership, or LLC taxed as a partnership or S corporation) to make an election to pay a new pass-through entity (PTE) elective tax equal to 9.3%

California 223

California CPA Tax Start-ups 223

BurklandAssociates

OCTOBER 4, 2022

Statistics estimate 80% of businesses plan to make all their systems SaaS by 2025, and the state legislatures are ‘trying’ to capture Read More. What is changing with the taxability of SaaS? The post Important Sales Tax Updates All Startups Need to Know appeared first on Burkland.

Sales 130

Sales Tax 130

CPA Practice

JANUARY 23, 2024

The redesign work will accelerate during the 2025 and 2026 filing seasons, improving common IRS letters going out to individual taxpayers and then expanding into notices going to businesses. The IRS will focus on up to 200 notices that make up about 90% of total notice volume sent to individual taxpayers.

tax return 122

tax return Tax 122

RogerRossmeisl

AUGUST 5, 2021

Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. These rules are scheduled to return after 2025.) But they’re deductible if they’re considered trade or business expenses.

CPA 130

CPA Tax 130

CPA Practice

DECEMBER 18, 2023

New Beneficial Ownership Information (BOI) reporting requirements established by the Corporate Transparency Act (CTA) adds additional concerns due to the 30-day turnaround time required by the CTA for entities organized on or after January 1, 2025.

cpas 105

cpas tax return Tax Government 105