Accounting Today

NOVEMBER 27, 2024

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

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Tax 128

CPA Practice

OCTOBER 22, 2024

22 released updated tax brackets and standard deductions for 2025. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026. The IRS on Oct.

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Tax tax return Transportation income tax 124

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.

Account 128

Account accounted accountant Tax 128

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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Account accounted accountant 119

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

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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Tax income tax corporation tax tax planning 127

CPA Practice

OCTOBER 28, 2024

When kicking off the 2025 budgeting process, CFOs will need to revisit and pressure-test the scenarios, assumptions, and decisions that were employed for the previous year. From geopolitical volatility to the transformative business impact of AI, many uncertain factors impact economic forecasting for 2025.

Technology 111

Technology Finance 111

Accounting Today

DECEMBER 18, 2024

The Public Company Accounting Oversight Board's 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.

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Account accounted accountant audit 94

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.

cost accounting 115

cost accounting accounting firms Account accountant 115

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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128

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.

public accounting 116

public accounting Account accountant accounted 116

CPA Practice

NOVEMBER 27, 2024

However, in 2025, many CPA firms will be dealing with a challenge that is far from new: attracting skilled talent. Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. CPA firms need to be prepared to compete hard for skilled professionals in 2025 — that’s a fact.

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cpa firm CPA Technology accounting and finance 111

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

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.

public accounting 116

public accounting Account accountant accounted 116

CPA Practice

NOVEMBER 20, 2024

The 2025 Middle Market Survey report from UHY, shows the majority of business owners have at least some optimism when it comes to the state of business in 2025. To download the full 2025 Middle Market Survey report please visit: [link].

Healthcare 111

Healthcare Construction Account accounted 111

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.

Tax 105

Tax accounting principles tax return financial statements 105

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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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.

Tax 122

Tax 122

CPA Practice

APRIL 22, 2024

(TNS) The Social Security Administration typically releases annual cost-of-living adjustments (COLA) in mid-October, but one organization says it will likely be lower in 2025 than years past. The Senior Citizens League, a nonpartisan senior citizens group, released a 2025 COLA estimate of 2.6% in 2023 and 3.2% this year.

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Government 111

CPA Practice

DECEMBER 6, 2024

American Express has issued its new Amex Trendex: Small Business Edition, finding that small businesses anticipate a period of stability in 2025, while they invest in technology to drive business growth. Generational attitudes continue to differ when asked about 2025 priorities.

Technology 96

Technology 96

CPA Practice

NOVEMBER 26, 2024

Estimated 2025 IRS Income Tax Return Chart If the IRS Accepts an E-Filed Return By: Then Direct Deposit refund may be received as early as 10 days after e-file accepted. ( 27, 2025 Feb. This will give the taxpayer until October 15, 2025, to file the federal tax return. E-filed, but paper check mailed apx. 14)** Feb.

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Tax tax return income tax CPA 105

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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Account accounted accountant 102

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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CPA Practice

NOVEMBER 20, 2024

Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. Key findings include: 57% plan to increase fees across all services. 90% plan to increase fees for individual tax returns.

accounting firms 116

accounting firms Account accountant accounted 116

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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Healthcare income tax payroll Tax 116

RogerRossmeisl

JULY 30, 2021

Note that under the Tax Cuts and Jobs Act (TCJA) , employees can’t deduct their unreimbursed travel expenses through 2025 on their own tax returns. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025.

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tax return Transportation CPA Tax 246

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.

accountant salary 105

accountant salary public accounting Account accountant 105

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.

audit 115

audit auditor Technology Finance 115

TaxConnex

AUGUST 1, 2024

1, 2024, and before July 1, 2025. For zero-emission vehicles sold on or after July 1, 2025, the sales tax rate will be 6.625 percent. That same New Jersey bill phases out the state’s sales and use tax exemption on zero-emission vehicles: The sales tax rate will be 3.3125% on sales on or after Oct.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

LSLCPAs

NOVEMBER 19, 2024

Beginning in 2025, participants in 401K or other employer-provided qualified retirement plans who are age 60, 61, 62, or 63 by 12/31/25 can take advantage of the Super Catch-Up Contribution, which is $11,250 instead of. The Secure 2.0 Act is raising the catch-up contribution limit for workers, with the goal to make retirement more attainable.

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cpas 87