TaxConnex

JANUARY 16, 2025

Finding qualified tax professionals is tough across all industries for a number of reasons. Whats working for and against your company as you work to find the folks to help with your sales tax compliance? Another survey indicated that 83% of financial hiring managers believe the talent crisis will continue through 2025, if not longer.

accounting and finance 147

accounting and finance Sales Tax public accounting 147

Going Concern

NOVEMBER 7, 2024

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. 57% of accounting firms plan to increase fees across all services in 2025.

cost accounting 116

cost accounting accounting firms Account accounted 116

RogerRossmeisl

DECEMBER 15, 2024

When you think about tax deductions for vehicle-related expenses, business driving may come to mind. For 2018 through 2025, business and moving miles are deductible only in much more limited circumstances. However, businesses arent the only taxpayers that can deduct driving expenses on their returns.

CPA 246

CPA Tax 246

RogerRossmeisl

APRIL 25, 2025

If you made significant gifts to your children, grandchildren or other heirs last year, its important to determine whether youre required to file a 2024 gift tax return. Requirements to file The annual gift tax exclusion was $18,000 in 2024 (increased to $19,000 in 2025).

tax return 165

tax return Tax CPA 165

RogerRossmeisl

MARCH 23, 2025

The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. As we approach the expiration of certain provisions within the Tax Cuts and Jobs Act (TCJA) at the end of 2025, heres what you need to know about the CTC for 2024, 2025 and beyond.

Tax 147

Tax CPA 147

CPA Practice

NOVEMBER 20, 2024

Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns.

accounting firms 116

accounting firms Account accounted accountant 116

CPA Practice

NOVEMBER 18, 2024

For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter, starting in January. Here is the full list of new interest rates for Q1 of 2025: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. 9% for large corporate underpayments.

Tax 116

Tax 116

Withum

MAY 12, 2025

On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. While there are no major tax changes in the budget bill, several items are worthy of note for taxpayers. Including a payroll tax hike and new rules related to partnership audits. from the current 0.6%. to about 0.6%.

New York 72

New York business tax Tax payroll tax 72

Withum

FEBRUARY 3, 2025

Withum is proud to share that the South Florida Business Journal has honored Russell Goldberg, Partner in Charge of Withums Boca Raton Office , as a 2025 Power Leader in the Professional Services category. He provides tax and consulting services for businesses and individual clients and has strong commercial acumen across multiple industries.

Florida 104

Florida accounting degree Tax accounted 104

CPA Practice

NOVEMBER 10, 2024

As healthcare enrollment and renewal season continues, the Internal Revenue Service is reminding taxpayers that if they use flexible spending accounts (FSAs), they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. If the plan allows, the employer may also contribute to an employee’s FSA.

Healthcare 116

Healthcare income tax payroll Tax 116

RogerRossmeisl

APRIL 26, 2025

There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Heres a quick summary of the current federal tax treatment of transportation-related benefits.

Transportation 214

Transportation CPA Tax 214

Withum

JANUARY 20, 2025

Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. The 2024 Form 1099-MISC is also due to recipients by January 31, 2025; however, Forms 1099-MISC are due to the IRS by February 28, 2025, for paper filing or by March 31, 2025, for electronic filing.

Healthcare 78

Healthcare Tax accounts payable audit 78

RogerRossmeisl

JUNE 24, 2024

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). The post Inflation Enhances the 2025 Amounts for Health Savings Accounts appeared first on Roger Rossmeisl, CPA. Within specified dollar limits, an above-the-line.

Account 262

Account accounted accountant CPA 262

inDinero Tax Tips

OCTOBER 22, 2024

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

Nevada 105

Nevada Tax income tax payroll tax 105

CPA Practice

NOVEMBER 27, 2024

However, in 2025, many CPA firms will be dealing with a challenge that is far from new: attracting skilled talent. Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. CPA firms need to be prepared to compete hard for skilled professionals in 2025 — that’s a fact.

cpa firm 111

cpa firm CPA Technology accounting and finance 111

Xero

FEBRUARY 10, 2025

UK: Streamlined tax workflow and compliance We’ve made Xero even better with some UK tax enhancements designed to save you time and reduce errors. Plus, you can now set up and manage practice government gateway IDs for Xero Tax in one location. Relax and enjoy seamless compliance with the new regulations.

Tax 96

Tax Sales Government Account 96

TaxConnex

AUGUST 1, 2024

If it seems like jurisdictions just ceaselessly add additional sales tax laws, statutes and restrictions, recent news out of three states should be refreshing. New Jersey , in a move seemingly counter to a nationwide trend, has repealed its annual sales tax holiday for certain school supplies and sport or recreational equipment.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

BurklandAssociates

JANUARY 7, 2025

The first quarter of 2025 is packed with critical tax deadlines for startups. Missing these dates can result in penalties, compliance issues, and lost opportunities for valuable tax credits. To Read More The post Key Q1 2025 Tax Deadlines for Startups appeared first on Burkland.

Tax 147

Tax 147

CPA Practice

FEBRUARY 15, 2025

The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. Let us know if you like this new feature using the. Read more »

CPA 110

CPA Tax income tax tax accountant 110

RogerRossmeisl

AUGUST 11, 2024

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it.

Tax 261

Tax Washington business tax CPA 261

RogerRossmeisl

APRIL 25, 2025

Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. If your business has significant interest expense, its important to understand the impact of the deduction limit on your tax bill.

CPA 165

CPA Tax Finance business tax 165

CPA Practice

NOVEMBER 22, 2024

The Tax Blotter is a selection of briefs on the latest tax legislation and Tax Court rulings. The IRS has announced its annual inflation adjustments for qualified retirement plans and IRAs for 2025 in conjunction with recent tax law changes. The deferrals grow and compound without any current tax.

Tax 111

Tax 111

RogerRossmeisl

JULY 17, 2024

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. Many of its provisions are set to expire on December 31, 2025.

Tax 264

Tax corporation tax Washington CPA 264

BurklandAssociates

MARCH 11, 2025

Q2 tax deadlines are coming fast. The post Key Q2 2025 Tax Deadlines for Startups appeared first on Burkland. Stay ahead of key filings, avoid penalties, and keep your startup on track with this essential guide.

Tax 147

Tax 147

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. He says 2024 was all about proving what AI brings to the tableand expects 2025 will shift more into scaling it. The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench, which specializes in accounting and tax.

auditor 98

auditor audit Rhode Island cpa firm 98

BurklandAssociates

DECEMBER 17, 2024

Tax Deadlines San Francisco Tax Deadlines New York Tax Deadlines Seattle Tax Deadlines 2025 U.S. Tax Deadlines for Startups JAN 31: R&D Tax Credit Form 941 to claim R&D Read More The post 2025 Tax Deadlines for Startups appeared first on Burkland.

Tax 130

Tax New York 130

RogerRossmeisl

JULY 21, 2024

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. But since many estates won’t currently be subject to estate tax, it’s a good time to devote more planning to income tax saving for your heirs.

income tax 236

income tax Tax CPA 236

Nancy McClelland, LLC

DECEMBER 24, 2024

Specifically: * Companies created or registered prior to January 1, 2024 have until January 13, 2025 to file. Companies created or registered on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 have until January 13, 2025 to file. What are my options?

Education 98

Education tax planning CPA Tax 98

CPA Practice

OCTOBER 23, 2024

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). IP PIN users should share their number only with the IRS and their tax preparation provider.

tax return 105

tax return Tax online accounting tax preparation 105

RogerRossmeisl

AUGUST 28, 2022

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. Here are some examples.

Tax 246

Tax income tax CPA business tax 246

CPA Practice

MAY 9, 2025

The qualities necessary for success in the fields of accounting and tax have always included a natural inquisitiveness, a keen eye for details, being comfortable working with complex inter-related data, and sometimes working long hours, either due to reporting seasons or project deadlines.

Tax 114

Tax Account accounted accountant 114

Insightful Accountant

MAY 12, 2025

The tax profession faces unprecedented recruiting challenges in 2025. As specialized tax expertise becomes increasingly valuable amid evolving legislation, firms struggle with a diminishing pipeline of qualified candidates.

Tax 52

Tax 52

TaxConnex

MAY 7, 2024

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

RogerRossmeisl

JULY 16, 2022

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs.

income tax 246

income tax tax planning Tax CPA 246

ThomsonReuters

MARCH 26, 2025

Businesses continue to face serious cyber threats that target payroll and tax information. Vulnerabilities for payroll during tax season Steinhauerexplained that payroll departments are particularly vulnerable to scams and phishing attacks due to their involvement in money transfers and changes to employee accounting information.

payroll 66

payroll Tax accounts payable accountant 66

Accounting Today

FEBRUARY 6, 2025

Nine states are cutting their individual income tax rates in 2025.

income tax 129

income tax Tax 129

RogerRossmeisl

FEBRUARY 23, 2025

Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. Reasons for the anticipated surge include recent interest rate cuts by the Federal Reserve and GOP promises of fewer regulations and lower taxes for U.S. businesses and their owners.

CPA 165

CPA Sales Tax 165