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Elevating payroll: Industry leaders advocate for Chief Payroll Officer in the C-suite

ThomsonReuters

They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks.

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Deloitte Launches Global Agentic Network

CPA Practice

“We are on a path to becoming an AI-fueled organization by 2030—embedding AI into our work and the services we offer,” said Nitin Mittal, Deloitte Global AI leader. ” Thanks for reading CPA Practice Advisor!

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Deloitte Launches Global Agentic Network

CPA Practice

“We are on a path to becoming an AI-fueled organization by 2030—embedding AI into our work and the services we offer,” said Nitin Mittal, Deloitte Global AI leader. ” Thanks for reading CPA Practice Advisor!

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Federal implications of the ‘One Big Beautiful Bill’: What’s changing and how to respond

ThomsonReuters

Cap increased from $10,000 to $40,000 through 2029 (phases with inflation), then reverts to $10,000 in 2030. Increased to $15,750 for single filers and $31,500 for married filers (up from $15,000/$30,000), indexed for inflation. State and Local Tax (SALT) deduction.

Tax
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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.

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What were the key announcements in the Autumn Budget 2024?

Churchill-Knight

Inheritance Tax Inheritance tax thresholds will be frozen for another two years until 2030. Churchill Knight Umbrella has over 25 years of experience supporting contractors and freelancers with a compliant payroll service to help them get paid for their temporary assignments. The measures aim to raise over £2 billion a year.

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Trump’s Big Bill Boosts Micron’s Tax Break for Chip Plants by About $5 Billion

CPA Practice

John Mannion, D-Geddes, among 10 Democratic and Republican House members from New York who co-sponsored the legislation. The Building Advanced Semiconductors Investment Credit (BASIC) Act would have increased the tax credit from 25% to 35% and extended its availability through Dec.

Tax