article thumbnail

Senate Reconciliation of Beautiful Bill: Key Changes in Latest Draft

Insightful Accountant

The SALT deduction changes remain substantial, retroactively increasing the limitation to $40,000 for 2025 and $40,400 for 2026, with one percent annual increases through 2029 before reverting to $10,000 in 2030. 1 that significantly reshapes several provisions practitioners have been tracking.

article thumbnail

The Technology Lab Podcast – Rapid Close Tools – Sept. 2023

CPA Practice

So if we’re thinking about this, these tools do things like they’ll match up the transactions between the bank statement and general ledger and show you the exception. We’re really more digital plumbers today, especially in industry, then we were we were 2030 years ago. That’s really what these tools do.

article thumbnail

Monday Morning Accounting News Brief: Ruh Oh, PwC’s Restructuring; Boycott Deloitte? | 10.7.24

Going Concern

A skeleton argument prepared for a procedural hearing at London’s High Court on Friday said the auditor would have “quickly” identified the alleged fraud that led to NMC’s collapse if it had secured access to the company’s general ledger. M]ore than three-quarters (77%) of its vehicle fleet is now electric or partially electric.