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How Inflation Will Affect Your 2024 and 2025 Tax Bills

RogerRossmeisl

While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. For 2025, the standard deduction will increase to $15,000 for single taxpayers, $30,000 for married couples filing jointly and $22,500 for heads of household. For 2025, the highest. Here are the highlights.

Tax 261
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In 2025, the Social Security Wage Base is Going Up

RogerRossmeisl

As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 for 2025 (up from $168,600 for 2024). Wages and self-employment income above this amount aren’t subject to Social Security tax.

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The Amount You and Your Employees Can Save for Retirement is Going Up Slightly in 2025

RogerRossmeisl

In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025. 401(k) plans The 2025 contribution limit for employees who participate in 401(k) plans will increase to $23,500 (up from $23,000 in 2024).

CPA 263
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Maximize Your 401(k) in 2025: Smart Strategies for a Secure Retirement

RogerRossmeisl

If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025. The amounts are indexed for inflation.

CPA 191
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

We’re excited to open the nominations for the 2025 Most Powerful Women in Accounting.” The nomination period for the Most Powerful Women in Accounting Awards will close on January 31, 2025. For this reason, we are delighted to give women leaders more visibility and celebrate their accomplishments.

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Employment outlook for 2025

TaxConnex

Another survey indicated that 83% of financial hiring managers believe the talent crisis will continue through 2025, if not longer. And in this TaxConnex survey of financial professionals, it showed that more than three out of five struggle to attract and retain staff with sales tax expertise.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

📆 July 17, 2025 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm BST . 🧠 Anticipate, Don’t React - Learn the signals of risk before they become fallout. Join us to take the guesswork out of getting remote finance ops right. Reserve your spot now!

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

📆 March 13, 2025 at 9:30am PT, 12:30pm ET, 5:30pm GMT . 🚀 Upskilling your accounting toolkit to build financial resilience. Reclaim your influence and deliver greater value as a trusted advisor. Save your seat today!

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New Overtime Regulations Require Employers to Pay Up

Starting January 1, 2025, EAP employees making less than $58,656 a year are going to be eligible for overtime. There’s a new overtime salary threshold that will impact employers across the country.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

📆 May 21, 2025 at 9:30am PDT, 12:30pm EDT, 5:30pm BST . ✅ Technology Fit: Evaluating the right AI solutions for your specific business needs. Turn complexity into clarity! Register today to learn what it really takes to go from AI ambition to operational impact.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

📆 April 30, 2025 at 9:30am PDT, 12:30pm EDT, 5:30pm BST . ✅ Real-World Success Stories: Lessons from companies that have modernized their approach. Gain strategies to elevate your financial planning. Register now to reserve your spot!

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Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

📆 May 8, 2025 at 9:30am PDT, 12:30pm EDT, 5:30pm BST . 🧭 Drive Cross-Functional Value: Break silos and elevate finance’s strategic influence. Register now and build the kind of finance team the future demands.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo and Dennis Street

📆 April 10, 2025 at 11:00 am PT, 2:00 pm ET, 7:00 pm BST . 🚀 Future Trends in Accounting Technology: Learn about technologies that help attract and retain tech-savvy talent. Don’t miss this opportunity to learn about ways to transform your accounting practice and develop a competitive edge.