Accounting Today

JULY 9, 2025

All rights reserved. By Paige Hagy 11h ago Practice management M&A roundup: Meaden & Moore; Platform Accounting expand Meaden & Moore acquires ChainRing Advisors; Platform Accounting expands in Chicago.

accountant 59

accountant accounted Account Utah 59

ThomsonReuters

DECEMBER 27, 2024

For example, advising a client on how to strategically sell a tokenized asset to minimize taxes could save them thousands, cementing your firms value beyond tax preparation. Firms that invest in strengthening their expertise now will be well-positioned as digital assets continue to integrate into mainstream finance.

Real Estate 52

Real Estate accounting and finance tax planning tax preparation 52

CapataCPA

JANUARY 13, 2025

Uninsured or Unreimbursed Disaster Losses Taxpayers can claim losses related to the wildfires on their 2025 tax returns or elect to claim them on their 2024 returns. For individual taxpayers, the deadline to make this election is October 15, 2026. Disaster-area tax preparers can also file bulk requests on behalf of clients.

Tax 52

Tax income tax tax return California 52

Accounting Today

JULY 17, 2025

Were on the cusp of 70 years old next year in 2026, and I think this is probably the most exciting day of Sax history as we start this journey," Damiano said. "I All rights reserved. Partnering with our sponsor, well be able to invest in our people and ultimately grow our practice to remain competitive in the industry.

New Jersey 59

New Jersey Technology tax preparation audit 59

Going Concern

JANUARY 22, 2025

A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. It is currently active until 2026.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

ThomsonReuters

FEBRUARY 28, 2025

The IRS is seeking feedback on the form and instructions until June 30, 2025, to ensure that the instructions for tax year 2025 (processing year 2026) are clear and up to date. For tax years beginning on or after January 1, 2024, it is crucial for organizations to source the most recent forms for their tax returns.

Tax 52

Tax tax return tax preparation payroll 52

Accounting Today

JULY 25, 2025

All rights reserved. CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan.

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Rhode Island Vermont cpas Technology 59

Accounting Today

JUNE 27, 2025

Their co-managing roles are scheduled to last a year, with Andrews assuming the managing partner role on July 1, 2026, and becoming the first female and first non-Plung family member in that position in the firms 104-year history. All rights reserved. Pittsburgh.

Technology 59

Technology Pennsylvania tax preparation Illinois 59

ThomsonReuters

JULY 21, 2025

New extra deduction of $6,000 per senior (age 65+) ($12,000 for qualified couples), effective 2025–2028; phases out at $75K MAGI (single), $150K (joint). Child Tax Credit. Increased to $2,200 per child, indexed for inflation beginning 2026. Tip and overtime deductions. Energy-Efficient Home Improvement Credit (Section 25C).

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Accounting Today

JULY 15, 2025

The bill said that you had to have the asset placed in service by 2027 but also you had to start construction on that facility within one year of the enactment date," said Ian Boccaccio, principal and income tax practice leader at tax firm Ryan. "If Its not clear what is going to happen to the Pillar Two taxes as they apply to U.S.

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Tax Construction Technology tax planning 91

Accounting Today

JUNE 25, 2025

The service received nearly 141 million individual income tax returns and processed about 138 million this tax season, according to the National Taxpayer Service "Objectives Report to Congress" for Fiscal 2026. The IRS will need to rapidly hire and train thousands of new Taxpayer Services employees before the 2026 filing season."

Technology 106

Technology tax preparation tax return audit 106

Accounting Today

JULY 2, 2025

All rights reserved. But the accounting rules for leases acquired in a business combination are not intuitive and can raise a host of considerations. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan.

North Carolina 59

North Carolina tax preparation Technology audit 59

Accounting Today

JULY 2, 2025

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

Technology 52

Technology North Carolina audit tax preparation 52

Accounting Today

JULY 18, 2025

All rights reserved. relocate offices; and more news from across the profession. Cohen & Co., Cleveland, announced a donation commitment of $100,000 to Cleveland Guardians Charities, via the Cohen & Co.

Indiana 69

Indiana Technology Real Estate New Jersey 69

Accounting Today

JULY 2, 2025

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

North Carolina 98

North Carolina Tax Technology accounting and finance 98

Accounting Today

JULY 15, 2025

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page. 2, 2026, to file returns and pay any taxes that were originally due during this period. 15, 2025; Quarterly estimated income tax payments normally due on Sept. All rights reserved. 15, 2025, and Jan. 31, 2025, and Jan.

Texas 108

Texas Tax Technology tax preparation 108

Accounting Today

JULY 17, 2025

Administration officials view the bill as a cornerstone of their economic messaging strategy to win over voters in the 2026 midterm elections when control of the House and the Senate will be at stake. All rights reserved. Undocumented immigrants, in most cases, are not eligible for the program.

Tax 72

Tax Technology audit tax planning 72

Accounting Today

JULY 2, 2025

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

North Carolina 52

North Carolina Tax Technology tax planning 52

Accounting Today

JULY 2, 2025

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

North Carolina 59

North Carolina Tax Technology South Carolina 59

CPA Practice

OCTOBER 5, 2023

United States earlier this year that the IRS charged excessive fees from 2011 to 2017 for tax preparers to apply for or renew their PTINs and ordered the IRS to refund any fees that exceeded the agency’s expenses. contractor fee may change in 2026 when the current contract expires and will be recomputed, according to the IRS.

tax preparation 105

tax preparation tax return Tax 105

Withum

OCTOBER 3, 2024

Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is? Per the IRS website , disaster relief applies to the clients of tax preparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

Dent Moses

OCTOBER 16, 2024

Tax Brackets : The TCJA reduced the marginal tax rates by 2% to 4% in most tax brackets. Beginning in 2026, tax rates will revert to the higher pre-2017 levels. in 2026, affecting high-income earners the most. This change simplified tax filing for millions of Americans.

tax preparation 52

tax preparation Tax Construction Account 52

xendoo

JUNE 13, 2021

per hour by 2026, with the door open to possible increases in the years after that. hour on September 30, 2026. . hour on September 30, 2026. We can also help you with your Florida tax preparation , helping you to navigate the laws and changes that are likely to come your way in the immediate future.

Florida 64

Florida bookkeeping bookkeeping services tax preparation 64

Steve Feinberg

MARCH 28, 2022

Recently, New Hampshire voters decided to phase out the Interest and Dividends (I&D) Tax starting at 4% for taxable periods ending on or after December 31, 2023, 3% for taxable periods ending on or after December 31, 2024, 2% for taxable periods ending on or after December 31, 2025 and 1% for taxable periods ending on or after December 31, 2026.

New Hampshire 52

New Hampshire business tax Tax income tax 52

Withum

OCTOBER 18, 2023

However, the exemption is set to return to $6 million per individual ($12,000,000 for married couples) starting in 2026. The IRS has provided favorable guidance that they generally will not claw back or limit any tax planning that took advantage of the increased $12.92 million, provided it was performed prior to the 2026 taxable year.

Tax 59

Tax tax planning tax preparation income tax 59

CPA Practice

NOVEMBER 7, 2024

QuickBooks Sole Trader allows customers to manage receipts, mileage, expenses, bank transactions and invoices in one place, or via the mobile App, for a holistic view of their finances, whilst simplifying income tax preparation.

quickbooks 52

quickbooks income tax Construction Technology 52

KROST

FEBRUARY 23, 2021

In a Qualified Opportunity Fund, there are three tax incentives for reinvesting capital gains which are significantly different than the 1031 exchange incentives: Recognition of capital gains are deferred until the Qualified Opportunity Fund is sold or exchanged or December 31, 2026, whichever occurs earliest.

Real Estate 52

Real Estate Delaware Tax tax planning 52

Cherry Bekaert

NOVEMBER 28, 2023

The company should confirm the amount of estimated taxes already paid in 2023 and plan cashflow needs for fourth quarter 2023 estimates, extension payments and first quarter 2024 estimates. Looking forward, companies should begin to plan for the sunset of many tax provisions in the Tax Cuts and Jobs Act (TCJA).

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tax planning Tax income tax tax return 64

Accounting Insight

MARCH 3, 2023

These trends will lead to an increased interest among tax and accounting firms to outsource tax preparation services to free up staff time to focus on higher-value work. The EU will require green energy and carbon footprint financial reporting in 2023, and the US will require it by 2026.

Tax 52

Tax accountant accounted Account 52

Going Concern

FEBRUARY 26, 2024

PwC Australia emergency CEO Kevin Burrowes will stay on to 2026 : Kevin Burrowes, the senior partner brought in by PwC global to take control of the scandal-hit Australian firm, has had his leadership term extended until 2026. Aaaaand now there’s one less tax preparer in Florida to handle the load.

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audit Mississippi Non-Profits auditor 59

Accounting Today

JULY 3, 2025

Edelman pleaded guilty to 10 felony counts: conspiracy to defraud the United States, seven counts of tax evasion and two counts of making a false statement. Trial on the remaining counts will be in 2026. Louis: Tax preparer Shasherese M. Reed made about $378,026 in fees for the 2017 to 2021 tax years.

Tax 64

Tax tax preparation Technology tax return 64

Cherry Bekaert

OCTOBER 3, 2024

Personal Exemptions Personal exemptions would return in 2026 if the TCJA were to sunset. The TCJA also eliminated the miscellaneous itemized deduction, which typically includes investment management and tax preparation fees. It is anticipated that the deduction would be $5,300 per taxpayer and each dependent.

Tax 105

Tax income tax tax preparation corporation tax 105

Nancy McClelland, LLC

JANUARY 11, 2025

Keep in mind that estimated quarterly tax payments for business owners (including sole proprietors) are due January 15 (4Q 2024), April 15 (1Q 2025), June 16 (2Q 2025), September 15, 2025 (3Q 2025) and January 15, 2026 (4Q 2025). And finally, the tax code is a horrifying morass of byzantine complexity.

Tax 52

Tax tax return Education income tax 52

Withum

FEBRUARY 6, 2025

The tax law also provides some flexibility regarding the timing of a casualty loss deduction. Casualty losses generally are deductible on the tax return that includes the year of the loss, which here would be an individuals 2025 tax return that is due April 15, 2026.

California 117

California Tax tax return payroll 117