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How Inflation Will Affect Your 2024 and 2025 Tax Bills

RogerRossmeisl

While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. For 2025, the standard deduction will increase to $15,000 for single taxpayers, $30,000 for married couples filing jointly and $22,500 for heads of household. For 2025, the highest. Here are the highlights.

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In 2025, the Social Security Wage Base is Going Up

RogerRossmeisl

As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 for 2025 (up from $168,600 for 2024). Wages and self-employment income above this amount aren’t subject to Social Security tax.

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Inflation Enhances the 2025 Amounts for Health Savings Accounts

RogerRossmeisl

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). The post Inflation Enhances the 2025 Amounts for Health Savings Accounts appeared first on Roger Rossmeisl, CPA. Within specified dollar limits, an above-the-line.

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The Amount You and Your Employees Can Save for Retirement is Going Up Slightly in 2025

RogerRossmeisl

In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025. 401(k) plans The 2025 contribution limit for employees who participate in 401(k) plans will increase to $23,500 (up from $23,000 in 2024).

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

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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Key Q1 2025 Tax Deadlines for Startups

BurklandAssociates

The first quarter of 2025 is packed with critical tax deadlines for startups. To Read More The post Key Q1 2025 Tax Deadlines for Startups appeared first on Burkland. Missing these dates can result in penalties, compliance issues, and lost opportunities for valuable tax credits.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

📆 March 13, 2025 at 9:30am PT, 12:30pm ET, 5:30pm GMT . 🚀 Upskilling your accounting toolkit to build financial resilience. Reclaim your influence and deliver greater value as a trusted advisor. Save your seat today!

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New Overtime Regulations Require Employers to Pay Up

Starting January 1, 2025, EAP employees making less than $58,656 a year are going to be eligible for overtime. There’s a new overtime salary threshold that will impact employers across the country.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

📆 March 19, 2025 at 9:30am PT, 12:30pm ET, 5:30pm GMT . 🔍 Evaluating Provider Partnerships: What to look for when outsourcing collections. Don’t let overdue accounts drag down your bottom line - register now to gain the insights you need!

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

📆 March 4, 2025 at 9:30am PT, 12:30pm ET, 5:30pm GMT . 🔍 Build a Strong Business Case: Get a proven framework for evaluating ROI, securing stakeholder buy-in, and making automation a reality. Don’t let outdated processes slow you down! Register today to gain the insights and tools needed to make automation a reality!

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

📆 March 18, 2025 at 12:30pm PT, 3:30pm ET, 8:30pm GMT . 🔐 Practical Defense: Walk away with a toolkit of preventative measures to protect your organization’s assets. Join us to sharpen your fraud detections skills and learn how to build an impenetrable defense. Save your seat today!

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

businesses in 2025. 📆 March 4, 2025 at 11:00 am PT, 2:00 pm ET, 7:00 pm GMT This program has been pre-approved for 1 (HR General) recertification credit hour toward aPHR®, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through HR Certification Institute® (HRCI®).

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The New Way CPAs are Delivering Value: Aligning Automation with Client Success

Speaker: Mark Stovel

📅 January 30, 2025 at 11:00 am PT, 2:00 pm ET, 7:00 pm GMT . 🛠 Structure services to maximize automation effectiveness - not just through tech but through purpose built offers. Take the leap toward strategic automation that drives results for your firm and clients alike. Register now!

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

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