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Inflation Enhances the 2025 Amounts for Health Savings Accounts

RogerRossmeisl

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the qualified medical expenses of an account beneficiary. Within specified dollar limits, an above-the-line.

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Bloomberg Tax Predicts 2025 Standard Tax Rates, Standard Deductions, and AMT

CPA Practice

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% Bloomberg Tax’s annual Projected U.S. The report accounts for changes made under the SECURE 2.0 increase in 2023.

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Public Accounting Starting Salaries Expected to Rise About 9% in 2025

CPA Practice

Starting salaries in public accounting are projected to increase an average of 8.9% next year, with roles in tax services expected to see an average increase of 8.4% Starting salaries in public accounting are projected to increase an average of 8.9% Robert Half’s salary guide for 2025 was released on Oct. Manager: 5.5%

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IRS Opens 2025 Tax Compliance Program for Corporations

CPA Practice

The IRS on Thursday announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program on Sept. 31, and the IRS will inform applicants if they’re accepted into the program in February 2025. Launched in 2005, CAP helps large corporations improve federal tax compliance.

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Public Accounting Salary Projections For 2025, According to Staffing Firm LHH

CPA Practice

Average public accounting salaries in audit/assurance are expected to range from $80,000 for an associate to $140,550 for a manager in 2025, while the average salaries for roles in tax are projected to range from $79,800 for an associate to $172,200 for a senior manager next year, according to LHH Recruitment Solutions.

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Art of Accounting: Planning for 2025's tax season

Accounting Today

Tax season is about providing superior, high-value services to clients. That means doing everything necessary to make the experience working with you pleasant.

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Sales Tax Highlights of October 2024 | TaxConnex

TaxConnex

There’s always something changing in the world of sales tax. Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. Here’s a review of some of the recent updates. Another one down.

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