Remove 2028 Remove accounted Remove corporation tax
article thumbnail

AICPA News – July 2025

CPA Practice

Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. from spring 2024.

article thumbnail

Pass-Through Entity Owners Likely To See Tax Increase Under Senate Bill

Withum

The deduction was provided under the Tax Cuts and Jobs Act in order to provide more equity in the applied tax rates for pass-through businesses and C Corporations, given that the C Corporation tax rate was decreased from 35% to 21% as part of the legislation.

Tax
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small biz looks to AI, and other tech stories you may have missed

Accounting Today

Agentic AI to handle 68% of customer service/support by 2028 Wanan - stock.adobe.com Ciscos latest research predicts that agentic AI will handle 68% of customer service and support interactions by 2028. But by 2028? All rights reserved. But your thoughts are your thoughts and should always be 100% you.

article thumbnail

Trump 2025 Tax Bill – Components Unveiled

Dent Moses

Corporate Tax Rate Unchanged Despite prior campaign discussion of lowering the corporate tax rate to 15%, the bill does not propose a change from the current 21%. Family & Education Tax Benefits (Extended with Tweaks) The enhanced child tax credit would be $2,500 from 2025–2028, then revert to $2,000.

Tax
article thumbnail

Trump's law to cut US clean energy installs 41%

Accounting Today

annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trumps sweeping economic legislation. All rights reserved. Adam Glanzman/Bloomberg U.S. Thats compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date.

article thumbnail

Report Predicts AI will Have a Transformational Impact on Professional Work by 2028

CPA Practice

Key industry findings from the report: Tax and Accounting Professionals: Freeing up time to deliver more value: Productivity is the highest priority for tax and accounting firms (59%), while internal efficiency (75%) tops the list in corporate tax and accounting departments.

article thumbnail

Chancellor's Autumn Statement.

Inform Accounting

The leaked and previously announced tax increases are still going ahead…. Corporation tax from April 1 2023 to increase to 25% for companies with profits over £250,000. Companies with profits under £50,000 will be taxed at 19%. Companies with profits between £50,000 and £250,000 will be taxed between 19% and 25%.

Tax