Accounting Today

NOVEMBER 12, 2024

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

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Tax tax planning 131

CPA Practice

NOVEMBER 10, 2024

An employee who chooses to participate in an FSA can contribute up to $3,300 through payroll deductions during the 2025 plan year. For FSAs that permit the carryover of unused amounts, the maximum carryover amount to 2025 is $660, increasing from $640 in tax year 2024. Self-employed individuals are not eligible.

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Accounting Today

OCTOBER 22, 2024

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

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Tax income tax 126

CPA Practice

NOVEMBER 12, 2024

Wyoming What Social Security changes are expected in 2025? A number of significant changes to Social Security benefits for retirees in 2025 have been announced by the Social Security Administration (SSA). The maximum monthly payout will increase to $3,756 in 2025 compared to around $3,627 in 2024.

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South Dakota North Dakota South Carolina North Carolina 98

CPA Practice

OCTOBER 21, 2024

The 2025 preparer tax identification number (PTIN) renewal period for the nation’s paid tax return preparers is now underway, the IRS announced on Oct. The fee to renew or obtain a PTIN for 2025 is $19.75 All current PTINs expire on Dec. Failure to have and use a valid PTIN may result in penalties. The PTIN fee is non-refundable.

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tax return Tax 122

CPA Practice

NOVEMBER 12, 2024

We’re excited to open the nominations for the 2025 Most Powerful Women in Accounting.” The nomination period for the Most Powerful Women in Accounting Awards will close on January 31, 2025. For this reason, we are delighted to give women leaders more visibility and celebrate their accomplishments.

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accounted Account accountant CPA 110

Going Concern

NOVEMBER 7, 2024

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. Or at least half-in. Clients are just going to loooove that.

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cost accounting accounting firms accounted Account 114

CPA Practice

SEPTEMBER 23, 2024

’Tis the season for staffing firms to release their salary prognostications for various accounting and finance roles for the upcoming year, and one of the first for 2025 comes from Atrium. The staffing and recruiting firm recently put out its 2025 Salary Guide , which includes a section for finance and accounting.

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public accounting accounted Account accountant 116

CPA Practice

OCTOBER 8, 2024

in 2025 and roles in audit and assurance expected to rise by an average of 9.5%, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Robert Half’s salary guide for 2025 was released on Oct. Robert Half’s salary guide for 2025 was released on Oct.

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public accounting accounted Account accountant 116

Accounting Today

NOVEMBER 1, 2024

The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.

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Tax 122

CPA Practice

OCTOBER 10, 2024

By Dallas Gagnon masslive.com (TNS) The Social Security Administration has announced the cost of living adjustments (COLA) for 2025 and it’s the lowest increase recipients have received in years. in 2025, the SSA announced in a release. 1, 2025, and nearly 7.5 million Americans by 2.5% COLA increase starting Jan.

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accounted Account accountant 100

CPA Practice

SEPTEMBER 11, 2024

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% This is about half the increase in 2024, and a significant drop from the 7.1% increase in 2023. The full report is available at: [link]. Bloomberg Tax’s annual Projected U.S.

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Xero

NOVEMBER 10, 2024

That’s why we’re extending the availability of classic invoicing to 27 February 2025. The post We’re extending the availability of classic invoicing to 27 February 2025 appeared first on Xero Blog. That said, we’re approaching a busy time of the year and want to make this transition to new invoicing as smooth as possible.

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Education 97

Insightful Accountant

NOVEMBER 11, 2024

or International ProAdvisor for the 2025 Awards. November 19 is the Deadline to nominate a ProAdvisor. There's still time to nominate a deserving U.S. 15 Nominated ProAdvisors Haven't Started Their Applications, Are You One Of Them???

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CPA Practice

AUGUST 16, 2024

The IRS on Thursday announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program on Sept. 31, and the IRS will inform applicants if they’re accepted into the program in February 2025. General program information and the 2025 application details are available on the CAP webpage.

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Tax accounting principles tax return financial statements 105

CPA Practice

NOVEMBER 18, 2024

Here is the full list of new interest rates for Q1 of 2025: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. The IRS announced on Monday that interest rates will decrease by a percentage point across the board for the calendar quarter beginning Jan. 7% for underpayments (taxes owed but not fully paid).

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Tax 59

Insightful Accountant

JULY 22, 2024

We made a slight change in the minimum qualifications for the 2025 ProAdvisor Awards, but it could significantly impact qualified applicants.

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CPA Practice

MAY 9, 2024

For calendar year 2025, the annual contribution limit for an individual with self-only coverage under a high-deductible health plan (HDHP) will be $4,300. The increases are detailed in Revenue Procedure 2024-25 and go into effect in January 2025. For an individual with family coverage, the amount will be $8,550.

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accounted Account accountant 119

CPA Practice

AUGUST 21, 2024

By Zach Mentz cleveland.com (TNS) The annual cost-of-living adjustment for Social Security benefits is expected to decrease in 2025, according to a new estimate. The Social Security cost-of-living adjustment (COLA) for 2025 is projected to be 2.57%, down from the 3.2% over the past 20 years, per TSCL. for July, down from 3.0%

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Anders CPA

OCTOBER 28, 2024

The Internal Revenue Service (IRS) has released its annual inflation adjustments for tax year 2025. The adjustments described below generally apply to income tax returns that will be filed in 2026 for tax year 2025.

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Tax income tax tax return Transportation 64

CPA Practice

OCTOBER 30, 2024

election are fresh on the minds of audit firm partners as the start of 2025 nears. According to the results of a survey released today by the Center for Audit Quality (CAQ), concerns about a potential recession, ongoing inflation, and the U.S.

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audit auditor Technology Finance 115

Insightful Accountant

JULY 8, 2024

In this third article of Murph's miniseries on the 2025 ProAdvisor Awards forms, he examines the new Nomination Form and gives some quick tips on its use.

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CPA Practice

OCTOBER 1, 2024

Average public accounting salaries in audit/assurance are expected to range from $80,000 for an associate to $140,550 for a manager in 2025, while the average salaries for roles in tax are projected to range from $79,800 for an associate to $172,200 for a senior manager next year, according to LHH Recruitment Solutions.

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accountant salary public accounting accounted Account 105

Insightful Accountant

NOVEMBER 4, 2024

It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.

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Dent Moses

OCTOBER 16, 2024

A number of federal tax provisions included in the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire after December 31, 2025. The QBI deduction expires in 2025. Note: the 21% tax rate for C Corporations does not expire at the end of 2025. The expiration of these federal tax provisions in 2025 will have widespread implications.

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tax preparation Tax Construction accounted 52

Accounting Today

MAY 9, 2024

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

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accounted Account accountant Tax 128

Insightful Accountant

JUNE 16, 2024

For 2025, the Insightful Accountant ProAdvisor Awards are becoming a year-round process. So look for them to begin in the upcoming days.

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accounted Account accountant 105

AccountingDepartment

OCTOBER 17, 2024

This blog post explores why CFO Support Services are becoming indispensable and how they can elevate your business in 2025. Entrepreneurs and small-to-medium business (SMB) owners often juggle multiple roles, and strategic financial management is frequently overlooked.

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Insightful Accountant

JUNE 13, 2024

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

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Insightful Accountant

OCTOBER 14, 2024

The 2025 ProAdvisor Awards are already underway, hundreds of ProAdvisors have already been nominated or have applied. You can also nominate a deserving ProAdvisor or start your application today, learn more inside.

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