article thumbnail

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.

Tax 201
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Account 204
article thumbnail

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).

CPA 215
article thumbnail

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!

article thumbnail

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.

Tax 147
article thumbnail

Employment outlook for 2025

TaxConnex

Another survey indicated that 83% of financial hiring managers believe the talent crisis will continue through 2025, if not longer. And in this TaxConnex survey of financial professionals, it showed that more than three out of five struggle to attract and retain staff with sales tax expertise.

article thumbnail

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 Key Takeaways: Insights into the latest payroll compliance trends affecting U.S. Strategies for managing multi-state compliance requirements with confidence. How automation and technology streamline payroll and mitigate compliance risks.

article thumbnail

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!

article thumbnail

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.

article thumbnail

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!

article thumbnail

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

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly.

article thumbnail

How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical.

article thumbnail

Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

Speaker: Ashley Harlan, MBA

📅 January 15, 2025 at 11:00 am PT, 2:00 pm ET, 7:00 pm GMT Become the financial leader who not only unlocks growth for your clients but also elevates your own practice. Ready to lead with impact? Register today!

article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership.