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Estate Tax Law Changes in 2026 May Impact Your Taxes A LOT—Gift Now!

LSLCPAs

The Lifetime Gift Tax Exemption is scheduled to be cut in half in 2026. The post Estate Tax Law Changes in 2026 May Impact Your Taxes A LOT—Gift Now! The post Estate Tax Law Changes in 2026 May Impact Your Taxes A LOT—Gift Now! appeared first on LSL CPAs. million but also those in the $6–$13 million range, as these.

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Federal Estate and Gift Tax Exemption Will Sunset After 2025: How to Prepare Now

Cherry Bekaert

Barring congressional action, the inflation-adjusted exemption is expected to return to approximately $7 million ($14 million for married couples) in 2026, effectively reducing the limit by half. Given the impending changes, high-net-worth individuals and families should revisit their estate planning.

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Extending Outsourcing Contracts Can Alleviate Shortage of CPAs

CPA Practice

Annual Replacement Employment for accountants and auditors in the US was 114,730 between 2020-2021, projected to rise to 129,627 by 2025-2026. The baby boomer generation retiring at a rapid pace is leaving a significant gap in the accounting industry, and firms are struggling to replace experienced professionals.

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Illinois CPA Society Announces 2023-2024 Board of Directors

CPA Practice

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to formally announce its new board of directors for the April 1, 2023, to March 31, 2024, fiscal year. The board welcomes three new directors serving through March 2026, including Lindy R. CPA | University of Illinois Scott E.

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State CPA Society News & Updates – Dec. 2023

CPA Practice

The webinar is free for West Virginia Society of CPAs members, who can register here. The Michigan Institute of Certified Public Accountants (MICPA) is offering a bootcamp for CPAs interested in learning about ChatGPT. The webinar, which will take place over Zoom, on January 24, 2024.

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Although ESG auditing is vastly more complex than financial auditing, CPAs have conducted non-financial audits for decades.

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

xendoo

40% after December 31, 2024 and before January 1, 2026. Consult with one of Xendoo’s online Tax CPAs to discuss all your options. Our expert bookkeepers , accountants , and CPAs can help you navigate your financials throughout the year! 60% after December 31, 2023 and before January 1, 2025. Maximized Taxes. Minimize Stress. .

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