CPA Practice

MAY 7, 2025

Artificial intelligence is set to transform internal audit in 2026, with adoption expected to double next year to80% from its current adoption rate among internal auditors of 39%, according to new research from Wolters Kluwer.

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auditor audit accountant Account 99

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).

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Tax CPA cpa firm business tax 213

Withum

MAY 12, 2025

On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. Federal Partnership Audit Conformity The 2025-2026 budget also conforms New York to the federal partnership audit rules. Let’s Chat The post New York Governor Signs 2025-2026 Budget That Includes Business Tax Hikes appeared first on Withum.

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New York business tax Tax Transportation 72

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.

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CPA business tax Tax cpa firm 165

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 90

Tax accountant Account accounted 90

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.

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payroll 94

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.

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Real Estate Tax CPA Washington 119

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 104

Tax income tax 104

RogerRossmeisl

JULY 17, 2024

With this date getting closer each day, you may wonder how your federal tax bill will be affected in 2026. 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.

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Tax corporation tax Washington CPA 264

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.

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Tax tax preparation Technology corporation tax 107

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. 

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income tax Tax Kentucky Agriculture 119

Insightful Accountant

JULY 14, 2025

In this special episode, Murph from Insightful Accountant sits down with Joe Woodard, the creator and host of Scaling New Heights, for an insider recap of the biggest conference yet—plus an exciting look ahead to the 2026 theme.

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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.

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Tax income tax Real Estate tax return 105

Patriot Software

JULY 21, 2023

Beginning in 2026, Minnesota employers will be responsible for handling payroll deductions for the new Minnesota paid family leave program. The Land of 10,000 Lakes is the latest state to launch a paid family and medical leave program. The upcoming MN paid family leave means employers and employees pay into a state fund.

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Minnesota payroll 96

Withum

JUNE 26, 2025

Under the existing OZ structure, investors who hold the Opportunity Fund investment for five years as of December 31, 2026, are able to decrease recognized gain by 10% due to an increase in basis, or if held for seven years, receive a decrease recognized gain by 15%. The House proposal regarding OZ 2.0 Under OZ 2.0,

Real Estate 94

Real Estate accounting and finance audit Tax 94

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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accountant accounted Account 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.

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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.

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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%

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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.

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income tax tax planning Tax CPA 246

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.

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audit auditor financial statements accounting and finance 124

Xero

JUNE 3, 2025

From April 2026, small businesses, sole traders and landlords will need to change how they report income tax to HMRC. Anyone with an annual turnover of over 50,000 for the tax 24/25 year will need to start complying from April 2026. The MTD for IT rollout will happen in phases.

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Technology bookkeeping income tax accounting and finance 104

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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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.

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accountant accounted Account payroll tax 106

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.

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Finance 78

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

Accounting Today

JULY 9, 2025

Matthew Becker, BDO USA's national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firm's next CEO, effective July 1, 2026.

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Tax 59

Insightful Accountant

JULY 8, 2025

Last week I began a new mini-series on the 2026 Awards. This year the awards will see a fourth 'group', "Top 25 Tax Advisors" will come alongside the Top 100 ProAdvisors, the Top 25 Up-n-coming ProAdvisors, and the Top 50 International ProAdvisors.

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Tax 52

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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accountant accounted Account audit 97

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

Insightful Accountant

APRIL 22, 2025

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

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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 Account accounted 59

TaxConnex

JULY 1, 2025

If signed into law, the bill would take effect July 1, 2026. Louisiana lawmakers have approved a bill that classifies third parties who handle booking accommodations as “marketplace facilitators” for state and local sales and use tax purposes.

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Sales Utah Tax Mississippi 147

Accounting Today

AUGUST 25, 2022

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