RogerRossmeisl

JUNE 15, 2025

In 2026, this will drop to 20%, eventually phasing out entirely by 2027.) Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean for your business.

CPA

CPA Practice

JUNE 13, 2025

The recommendations come from the AICPA’s Tax Technical Resource Panels and cover 10 areas, including corporations/shareholders, employee benefits, and exempt organizations.

Tax

RogerRossmeisl

AUGUST 13, 2025

Beginning with payments made in 2026, the new law raises the threshold for information reporting on certain business payments from $600 to $2,000. The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning in 2027, the threshold amount will be adjusted for inflation.

Gaming

RogerRossmeisl

FEBRUARY 23, 2025

Its generally limited to eligible employees who begin working for the employer before January 1, 2026. The tax credit is generally worth as much as $2,400 for each eligible employee (higher for certain veterans and long-term family assistance recipients).

Tax

CPA Practice

JULY 9, 2025

Becker , national managing principal of tax, has been ratified by a principal-wide vote to serve as the firm’s next Chief Executive Officer, effective July 1, 2026. He will succeed long-standing CEO Wayne Berson , who will retire effective June 30, 2026, leaving a legacy of growth, innovation and purpose-centered leadership. “I

Technology

CPA Practice

MAY 20, 2025

Social Securitybeneficiaries are expected to receive the lowest cost-of-living-adjustment since 2021, according to the latest forecast from theSenior Citizens League.

payroll

Withum

JULY 4, 2025

Beginning in 2026, increases the deduction to $40,400 per year (50% of that amount for married filing separately), subject to the reduction above, with income limitations of $505,000 (50% of that amount for married filing separately).  A MFJ whose modified AGI exceeds $600,000 will be limited to a $10,000 deduction. 

income tax

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.

accountant

Withum

NOVEMBER 25, 2024

These changes are set to revert to pre-TCJA levels beginning in tax year 2026 without direct intervention by Congress and knowing the changes allows for better planning to defer itemized deductions in favor of the higher standard deduction today or maximize the deductions now under the present ruleset.

Tax

ThomsonReuters

JULY 29, 2025

119-21), signed into law on July 4, 2025, may prompt states to reevaluate their tax codes – though many may delay action until 2026. “Absent special legislative sessions, these decisions will likely come in 2026, or later as states evaluate the implications of [the Act] to their taxing regimes and overall state budget.”

Tax

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

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.

Withum

JULY 23, 2025

Effective Date : These changes are effective for tax years beginning January 1, 2026. Effective Date : These changes are effective for tax years beginning January 1, 2026. Firms may consider advising partners to accelerate charitable contributions before 2026 to maximize deductions under current rules.

Legal

Going Concern

JULY 3, 2025

First contracted with EY for all their audit needs in 2016, Shell had been planning to retain EY for another ten years, subject to shareholder approval at the company’s 2026 annual meeting, but we suspect there may be a different outcome after this. Get in there KPMG, now’s your chance.

audit

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.

Tax

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

CapataCPA

JULY 11, 2025

Energy Tax Incentives and Limitations Tighter Deadlines for Wind and Solar Projects To qualify for energy tax credits, projects must begin construction before July 4, 2026 and be placed in service by the end of 2027. CFC Rules and Look-Through Provisions Favorable rules for U.S.

Tax

Menzies

OCTOBER 30, 2024

It is worth noting the 40% is a one year drop that from 2026-27, they intend to introduce two permanently lower tax rates for retail properties with the intention that is paid for by a higher multiplier for the most valuable properties.

Retail

Accounting Today

JUNE 23, 2025

Most of the questions deal with Statement 103 , the financial reporting model improvements standard that GASB issued last year, which will take effect in 2026. He hopes to issue an exposure draft, with another round of due process on a document written more like a final standard in early 2026 with a final standard expected in early 2027.

accounting standards

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

Accounting Today

JULY 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. FIRE will not be available for submissions in filing season 2027.

Tax

Withum

AUGUST 12, 2025

New rule (starting 2026): The threshold is now $2,000, and it will be indexed for inflation beginning in 2027. Form 1099-NEC / 1099-MISC for Reporting for Contractors and Freelancers Old rule: Most payments made to an independent contractor, freelancer or vendor of $600 or more in a year required sending a Form 1099.

Tax

Withum

JULY 10, 2025

The original OZ program will sunset, with all eligible gains still required to be recognized by December 31, 2026. The blanket QOZ designation for all low-income communities in Puerto Rico is also repealed, effective as of December 31, 2026.

Real Estate

Withum

AUGUST 8, 2025

Starting January 1, 2026, the 12th Edition of the USALI ( Uniform System of Accounts for the Lodging Industry ) will mandate several key updates to the chart of accounts for hotels, which aim to enhance transparency, data accuracy, and operational efficiency and align with the evolving needs of the hospitality industry.

Hospitality

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.

accountant

Dent Moses

JULY 30, 2025

These thresholds will be indexed for inflation beginning in 2026. Section 179 Expensing The bill also expanded Sec. 179 expensing to allow $2.5 million of immediate deductions with a phaseout threshold beginning at $4 million and a full phaseout at $6.5 million, for property placed in service in 2025.

Construction

Accounting Today

JULY 9, 2025

Accounting Technology Fraud prevention Fraud MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026.

Technology

ThomsonReuters

JULY 21, 2025

At-a-glance: OBBBA impacts to SALT Higher cap: Increases the individual SALT deduction cap from $10,000 to $40,000 for 2025 Raises to $40,400 in 2026 Adds a 1% annual increase in 2027, 2028, and 2029 Phaseouts for high earners: Starts phasing out the deduction for MAGI over $500,000 in 2025 Threshold rises to $505,000 in 2026, then increases (..)

tax preparation

Accounting Insight

JUNE 6, 2025

From April 2026, MTD will apply to sole traders and landlords earning over £50,000, expanding to those earning over £30,000 from April 2027 and over £20,000 from April 2028. MTD in a nutshell: What’s changing and when The timeline for tax digitalisation is now firmly established after years of discussion.

Tax

ThomsonReuters

JULY 10, 2025

Transition timeline: The reform rolls out from 2026, with full implementation by 2033. The transition period (2026-2032) is the most hazardous phase. Transition milestones: 2026 (reform begins), 2029-2033 ( gradual ICMS/ISS phase out ), 2033 (full implementation). Levelling the playing field across Brazil’s vast territory.

Tax

ThomsonReuters

JULY 23, 2025

For example, you can upload the bill, all 800+ pages of it, and start asking it questions.”

Tax

Going Concern

JANUARY 10, 2025

This improves existing interstate mobility laws by evaluating candidates on their individual professional status rather than what state they are licensed in. Many states are also working to adopt similar language to Ohio.

Ohio

Accounting Today

AUGUST 4, 2025

2, 2026, to file returns and pay any taxes that were originally due during this period. Following the disaster declaration issued by the Federal Emergency Management Agency, individuals and households residing or having a business in Chaves, Lincoln, Otero and Valencia Counties qualify for this relief. 15, 2025, and Jan. 31, 2025, and Jan.

New Mexico

Accounting Insight

AUGUST 7, 2025

The 30+ session CPD accredited education programme has just been released, with sessions covering everything from anti money-laundering and AI accounting to tax issues for SMEs and compliance. With HMRC’s Making Tax Digital for Income Tax Self-Assessment deadline set for 6 April 2026, there are sessions covering every aspect of it, from an MTD (..)

accounting and finance

CPA Practice

JUNE 25, 2025

Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare."

Tax

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.

Legal

ThomsonReuters

MARCH 3, 2025

In Europe, the upcoming implementation of the Pay Transparency Directive in 2026 will require employers to disclose gender pay gaps and provide detailed salary data, posing potential compliance challenges for organizations operating across EU member states. In the U.S.,

payroll