Anders CPA

JANUARY 16, 2024

The looming sunset of the expanded lifetime estate and gift tax exemption will arrive on January 1, 2026. As of January 1, 2026, the current lifetime estate and gift tax exemption will be cut in half and adjusted for inflation. Key Takeaways: As of 2024, the lifetime estate and gift tax exemption stands at $13.61

Tax 113

Tax income tax Legal CPA 113

RogerRossmeisl

OCTOBER 24, 2023

law made changes that will allow more people to be eligible for these accounts, beginning in 2026. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. The SECURE 2.0

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Account accounted accountant CPA 264

RogerRossmeisl

JULY 21, 2024

Beginning on January 1, 2026, the amount is due to be reduced to $5 million, adjusted for inflation. 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. Of course, Congress could act to extend the higher amount or institute a new amount.

income tax 236

income tax Tax CPA 236

Withum

JANUARY 22, 2025

This updated schedule applies to single and multiemployer plans for the 2025 plan year only, and the premium due date will default to its normal schedule in 2026. This means that for all 2025 plan years, premium payments are due one month earlier than the Normal Premium Due Date (e.g.

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CPA Practice

SEPTEMBER 11, 2024

Beginning with tax year 2025—filing for which happens in early 2026—Coloradans will be able to use the IRS’s free Direct File program to submit their state and federal taxes online for free.

Colorado 91

Colorado income tax Tax 91

RogerRossmeisl

AUGUST 23, 2022

compound annual growth rate and hit a new high at 98 million units in 2026. In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 According to IHS Markit, during the next five years unit auto sales will increase at a 4.7%

CPA 246

CPA Sales cpa firm 246

RogerRossmeisl

NOVEMBER 9, 2022

It’s generally limited to eligible employees who begin work for the employer before January 1, 2026. The credit is worth as much as $2,400 for each eligible employee ($4,800, $5,600 and $9,600 for certain veterans and $9,000 for “long-term family assistance recipients”).

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Tax CPA cpa firm business tax 246

RogerRossmeisl

JULY 16, 2022

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

income tax 246

income tax tax planning Tax CPA 246

CPA Practice

MAY 1, 2025

The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.

accounted 106

accounted Account accountant payroll tax 106

CPA Practice

JULY 1, 2024

office space will be vacant by early 2026, according to a new report from Moody’s and first reported by Bloomberg. By Sarah Lynch, Inc. TNS) The office is getting emptier—and will soon reflect the new world of work. Twenty-four percent of U.S. That’s up from the 19.8 percent reported in in the fourth quarter of 2023.

Real Estate 96

Real Estate 96

Withum

MAY 21, 2025

The existing regulations are set to expire on December 31, 2026. The House proposal extends the program by modifying the deferral period for investments made after December 31, 2026, and before January 1, 2034. Under the revised rules, deferred capital gains would be recognized on December 31, 2033, instead of December 31, 2026.

Real Estate 69

Real Estate Tax CPA Washington 69

CPA Practice

JANUARY 30, 2025

For those living on a fixed income such asSocial Security, a key part of financial planning may include keeping tabs on next years cost of living adjustment, and right now theyre looking pretty low.

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Accounting Today

SEPTEMBER 13, 2024

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

Finance 78

Finance 78

Xero

DECEMBER 4, 2024

The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.

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Account accountant accounted audit 97

Insightful Accountant

APRIL 22, 2025

The 2026 ProAdvisor Awards will see consolidation of the Desktop and Desktop Enterprise categorical awards.

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Withum

FEBRUARY 13, 2025

New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochuls fiscal year 2026 budget.

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New York audit Washington Tax 75

Accounting Today

FEBRUARY 27, 2025

Wolters Kluwer CEO Nancy McKinstry said she will retire in 2026. Wolters Kluwer intends for Stacey Caywood, current CEO of Wolters Kluwer Health, to be the new CEO next year.

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Tax accountant accounted Account 59

Accounting Today

AUGUST 25, 2022

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accountant 98

accountant accounted Account 98

Accounting Today

MAY 13, 2025

The Chartered Institute of Management Accountants updated its CGMA Professional Qualifications Syllabus for 2026 to emphasize finance business partnering and applied problem solving.

accounting and finance 59

accounting and finance management accounting management accounts Finance 59

Accounting Insight

MAY 21, 2025

Almost half of UK sole traders at risk of non-compliance, feeling unprepared for income tax changes due April 2026. Nearly two in five (37%) of 2534-year-olds felt they were very prepared for April 2026, compared to 23% of those aged 35-44, and only 10% of 4554-year-olds. The threshold drops to 30,000 in 2027 and to 20.000 in 2028.

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Account accountant accounted income tax 52

Withum

JUNE 12, 2024

The bonus depreciation rate decreased to 80% in 2023 and will continue to decrease by 20% each year until it is zero for property placed in service after December 31, 2026. Tax Provisions to Sunset After 2025 QBI Deduction Beginning in 2026, the 20% 199A QBIT deduction will no longer be available. million taxpayers.

income tax 127

income tax Tax corporation tax Non-Profits 127

Accounting Today

SEPTEMBER 11, 2024

The OZ program allows investors to defer their capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.

Real Estate 124

Real Estate Tax Sales 124

Accounting Insight

MAY 9, 2025

Your clients will need to use MTD for Income Tax if they are sole traders and landlords, and: from 6 April 2026, their total gross income from their self-employment and/or property exceeds 50,000 in 2024-25. from 6 April 2028, their total gross income from their self-employment and/or property exceeds 20,000 in 2026-27.

income tax 52

income tax Tax tax return bookkeeping software 52

CPA Practice

MARCH 28, 2025

The Auditing Standards Board issues standards for auditing private companies, quality management standards for practitioners providing audit and attest services to private companies, and attestation standards.

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audit 94

CPA Practice

MARCH 19, 2025

The ASB issues standards for auditing private companies, quality management standards for practitioners providing audit and attest services to private companies, and attestation standards.

audit 93

audit 93

ThomsonReuters

DECEMBER 19, 2024

In addition, brokers will be required to report gross proceeds from digital asset sales starting in 2026 for transactions occurring in 2025; and report tax basis information for certain digital asset sales made in 2026, beginning in 2027.

tax planning 52

tax planning Tax accounting and finance Technology 52

RogerRossmeisl

MARCH 14, 2021

The credit is generally limited to eligible employees who began work for the employer before January 1, 2026. Generally, an employer is eligible for the credit only for qualified wages paid to members of a targeted group.

Tax 147

Tax CPA business tax 147

Accounting Today

OCTOBER 4, 2022

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Tax 105

Tax 105

Going Concern

DECEMBER 3, 2024

More than half of the new roles will be based outside of London. Read more @TheTimes @tomhtimes [link] pic.twitter.com/oUUcf3csT8 — Hywel Ball (@HywelBallEY) April 5, 2022 Note on the dates: Project Everest started making the news in June of 2022 and fell apart in early 2023.

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Legal accounting firms Account accounted 73

CPA Practice

FEBRUARY 5, 2025

For the 2024 tax year, the threshold is $5,000, though reductions are expected in 2025 and 2026 The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed.

Tax 110

Tax income tax 110

Accounting Insight

MAY 8, 2025

The sooner you prepare for MTD, the less stress youll have when it comes to the April 2026 deadline. We walk you through whats required from HMRC, and the steps you need to follow to get ready for the change. The MTD checklist includes: What MTD for Income Tax is and what it means for accountants. The key changes of MTD and who they apply to.

income tax 52

income tax Tax Account accountant 52

Accounting Insight

MAY 1, 2025

Originally, MTD was planned to launch in April 2018 this was then pushed back several times, and is now set to be mandated in 2026 or 2027 depending on the taxpayer’s threshold. The change will affect those with over 50,000 in income per year in 2026, moving to 30,000 in 2027. What are the requirements for MTD?

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Tax income tax tax return Technology 40

CTP

OCTOBER 30, 2024

With the implementation of TCJA, that deduction has been suspended until 2026. The deduction covered the portion of these expenses that exceeded 2% of their adjusted gross income. If the TCJA provision is not extended, the opportunity to claim a deduction could become available within less than two years.

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Tax Real Estate cpa firm tax return 97

CPA Practice

MARCH 18, 2024

In 2026, the standard deduction will return to pre-TCJA levels. The TCJA suspended the Pease rule, but it is scheduled to return in 2026. The rules are set to revert to the pre-TCJA structure in 2026 with a $1,000 credit. Now the previous rules will be reinstated in 2026. It is now set to be in reinstated in 2026.

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Tax Expense Reimbursements income tax 106

CPA Practice

JULY 1, 2024

The final regulations announced today will require brokers to report gross proceeds on the sale of digital assets beginning in 2026 for all sales in 2025. Brokers will be required to also report information on the tax basis for certain digital assets beginning in 2027 for sales in 2026,” the Treasury Department said in a news release.

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Tax Real Estate tax return Sales 114

ThomsonReuters

NOVEMBER 8, 2024

By 2026, all but the smallest companies operating in the EU will be subject to CSRD rules, and it is widely believed that the CSRD will soon serve as the framework for an emerging global standard on sustainability reporting.

Technology 118

Technology accounting and finance Government Finance 118

Anders CPA

DECEMBER 12, 2024

Important Dates for 1071 Small Business Lending Tier One data collection begins 7/18/2025 Tier One report data by 6/1/2026 Tier Two data collection begins 1/16/2026 Tier Two report data by 6/1/2027 Tier Three data collection begins 10/18/2026 Tier Three report data by 6/1/2027 Remember that Section 1071 allows you to begin collecting data up to 12 (..)

Agriculture 52

Agriculture Construction Maine Finance 52