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Professionals on the Move – Sept. 2024

CPA Practice

He succeeds Vic Alexander, who will transition to an of-counsel role beginning November 1, 2025, after 43 years with the firm, including 31 years as chief manager. He also worked as an audit manager for a national accounting firm, managing public and private company audits. She works remotely.

Kansas 104
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Use It or Lose It: Estate Tax Exemption “Sunset”

Cherry Bekaert

On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50% 1. Though taxpayers currently enjoy historically high exemption amounts, the sunset will cause the exemption to decrease by roughly 50% after 2025.

Tax 59
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Professionals on the Move – June 2024

CPA Practice

Professionals on the Move is a round-up of recent staffing and promotion announcements from across the accounting space. Makaloba (‘Mak’) Barandao joined Brown Plus as an Audit Senior Associate, specializing in accounting and auditing services. Helen is located at the Brown Plus office in Camp Hill, Pennsylvania. and non-U.S.).

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Tax rate Single individual income Married (filing jointly) income 10% $10,275 or less $20,550 or less 22% $41,775 $83,550 24% $89,075 $178,150 32% $170,050 $340,100 35% $215,950 $431,900 Updates to Small Business Tax Rates The IRS updates small business tax rates yearly to account for inflation or other economic changes.