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State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Oregon On July 27, 2023, Oregon Governor Tina Kotek signed into law House Bill 2083 , which will extend Oregon’s PTE Tax election through the end of 2025.

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Tax Savings for Small Business Owners: Bonus Depreciation and Section 179

xendoo

If you have made or plan to make a major purchase for your business and are unsure if it qualifies, speak with an online accountant at Xendoo to learn more. . 60% after December 31, 2023 and before January 1, 2025. 20% after December 31, 2025 and before January 1, 2027. Are There Limits to the Deductions?

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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. billion digital ID apps are expected to be in use by 2025, with their growth being mostly attributed to the need for contactless ID verification during the pandemic.

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March business news wrap!

Reckon

On the other hand, we have those like ANZ CEO, Shayne Elliott and HSBC chief economist Paul Bloxham reticent to believe they’ll come before 2025. Independent MP Andrew Wilkie also weighed in on the debate. With many individuals and business owners dealing with mortgage stress, a rate cut may be welcome news indeed.

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How to Grow Expertise, Build a Stronger Career, and Develop Talent Pipelines

CPA Practice

There are several ways accounting professionals and organizations can benefit from upskilling and reskilling online — whether to prepare for the CPA exam, build cutting-edge analytic capabilities, or create a new talent strategy. Why skill development matters for your career and how to make it work online.

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

There’s also the issue of too little due diligence in slapping banks with steep fines, to say nothing of otherwise desirable account holders who bail on a friction-laden process. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

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Trust And Verification Undergird The Sharing Economy

PYMNTS

Noting, “The sharing economy, which is projected to reach more than $300 billion in value by 2025, is dependent on deep reserves of trust,” the Digital Identity Tracker® states, “Consumers want to feel safe while using sharing economy services and they want to believe their service providers are who they claim to be.”.