RogerRossmeisl

MARCH 3, 2025

Theyre treated as taxable gifts to the child, but theyre eligible for the annual gift tax exclusion ($19,000 in 2025). The post Saving for College: Tax Breaks and Strategies Your Family Should Know appeared first on Roger Rossmeisl, CPA. If you contribute more than the.

Tax 244

Tax Education CPA Government 244

RogerRossmeisl

DECEMBER 15, 2024

For 2018 through 2025, business and moving miles are deductible only in much more limited circumstances. The post You Don’t Have to Be in Business to Deduct Certain Vehicle Expenses appeared first on Roger Rossmeisl, CPA. Unfortunately, under current law, you may be unable to deduct as much as you could years ago.

CPA 246

CPA Tax 246

Accounting Seed

JANUARY 9, 2025

In 2025, this shift will deepen as CFOs rely on real-time financial data, AI-driven insights, and integrated tools to make informed decisions. Rising Labor Costs and Talent Shortages With 75% of the CPA workforce nearing retirement and a shrinking pool of new talent entering the field, accounting leaders face a critical challenge.

Technology 98

Technology Account accounted accountant 98

RogerRossmeisl

JUNE 24, 2024

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 262

Account accounted accountant CPA 262

CPA Practice

DECEMBER 5, 2024

Following the November presidential election, CPA business leaders have a much more positive outlook about the U.S. The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies. projection last quarter.

CPA 119

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CPA Practice

FEBRUARY 15, 2025

The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. Let us know if you like this new feature using the. Read more »

CPA 110

CPA Tax income tax tax accountant 110

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

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 accountant 111

Going Concern

FEBRUARY 10, 2025

The CPA Exam remains broken. Off the top of my head, I definitely don’t remember FAR pass rates this low in the 18 years (yikes) I’ve been paying attention to the CPA exam. Ninja CPA’s list of pass rates going back to 2006 confirms that my memory is accurate for once. Um, what is this?

CPA 88

CPA audit Education financial accounting 88

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. He says 2024 was all about proving what AI brings to the tableand expects 2025 will shift more into scaling it. To see 2024 survey results, check out this post.

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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

Nancy McClelland, LLC

DECEMBER 24, 2024

Specifically: * Companies created or registered prior to January 1, 2024 have until January 13, 2025 to file. Companies created or registered on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 have until January 13, 2025 to file. What are my options?

Education 98

Education tax planning CPA Tax 98

RogerRossmeisl

FEBRUARY 23, 2025

Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. The post Put a Business Valuation Pro on Your M&A Team appeared first on Roger Rossmeisl, CPA. businesses and their owners. An experienced business.

CPA 161

CPA Sales Tax 161

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.

Healthcare 116

Healthcare income tax payroll Tax 116

CPA Practice

NOVEMBER 18, 2024

A pilot program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure now allows accounting graduates unaffiliated with a participating accounting firm or employer to sign up, as long as they are employed full time. Registration for the Spring 2025 semester is currently open until Jan.

Education 75

Education CPA cpas accounting firms 75

RogerRossmeisl

MARCH 23, 2025

As we approach the expiration of certain provisions within the Tax Cuts and Jobs Act (TCJA) at the end of 2025, heres what you need to know about the CTC for 2024, 2025 and beyond. The post Financial Relief for Families: The Benefits of the Child Tax Credit appeared first on Roger Rossmeisl, CPA.

Tax 130

Tax CPA 130

Withum

JANUARY 20, 2025

Form 1099 non-compliance penalties for failure to file and failure to furnish can be substantial, as well as the imposition of backup withholding, which is currently 24% for tax years through 2025 for non-maintaining certain vendor-completed Forms W-9. Assistance from your external tax adviser is also recommended.

Healthcare 78

Healthcare Tax accounts payable audit 78

Withum

FEBRUARY 19, 2025

Rev up for the Winter 2025 issue of Dealer Vision ! Let’s Chat The post Dealer Vision: Winter 2025 appeared first on Withum. This edition is fully-loaded with the insights and strategies to keep your dealership running at peak performance. Here are the key action items to implement a strategic parts matrix effectively.

CPA 71

CPA tax planning Tax accounting firms 71

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).

Tax 116

Tax 116

Nancy McClelland, LLC

JANUARY 9, 2025

Velocity 2025 – Virtual Annual Planning Retreat by Justine Lackey Date: Tuesday, January 10th Time: 12:30-4 pm EST Whats the disconnect between dreaming big and actually making it happen? Equipping you with the tools to take off like a rocket in 2025. You need a clearly articulated vision. Building your roadmap to success.

Education 52

Education Account accountant accounted 52

RogerRossmeisl

JULY 17, 2024

Many of its provisions are set to expire on December 31, 2025. appeared first on Roger Rossmeisl, CPA. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes.

Tax 264

Tax corporation tax Washington CPA 264

Going Concern

JANUARY 22, 2025

According to a license lookup, Jerkins (we can’t stop laughing at that name given the context) received his Tennessee CPA license in 2015. JBS had office locations in Fairview and Nashville, Tennessee. It is currently active until 2026.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

Withum

FEBRUARY 14, 2025

Withum is proud to share that Ryan Kelly , CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon award. The Horizon Awards recognize young CPAs who are accelerating their careers through professional experience, leadership, entrepreneurism, and community service.

cpas 111

cpas Florida CPA Manufacturing 111

CPA Practice

NOVEMBER 25, 2024

The New Jersey Society of Certified Public Accountants (NJCPA) has awarded 10 of its members $750 each towards their CPA Exam fee costs. To be eligible for the CPA Exam Fee Lottery, winners must sign up to take the first part of the four-part CPA Exam between Dec. 1, 2024, and Nov.

New Jersey 64

New Jersey cpas CPA public accounting 64

CPA Practice

NOVEMBER 22, 2024

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. Prior to her appointment as President & CEO she was the Chief Financial & Operating Officer for the organization.

Wisconsin 116

Wisconsin cpas CPA Education 116

RogerRossmeisl

JANUARY 14, 2024

Entities in existence prior to January 1, 2024, have until January 1, 2025, to file these reports. The post New Beneficial Ownership Reporting Requirements Effective 1/1/24 appeared first on Roger Rossmeisl, CPA. Unfortunately, this will impose burdensome reporting requirements on most businesses, and the willful failure.

CPA 262

CPA Start-ups Government Tax 262

Withum

FEBRUARY 10, 2025

Starting January 2025, due to Pennsylvania Act 122, most domestic and foreign filing associations registered to do business in Pennsylvania are required to file an Annual Report. Let’s Chat The post New 2025 Filing Requirements for PA Nonprofits appeared first on Withum.

Pennsylvania 59

Pennsylvania Non-Profits CPA Education 59

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. appeared first on Roger Rossmeisl, CPA.

tax return 246

tax return Transportation CPA Tax 246

RogerRossmeisl

JULY 16, 2023

Note: Under the Tax Cuts and Jobs Act, employees can’t deduct their unreimbursed travel expenses on their own tax returns through 2025. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025. The post Traveling for Business This Summer?

tax return 242

tax return CPA Tax business tax 242

Going Concern

JANUARY 30, 2025

Yesterday NASBA released scores for Core CPA exam sections taken from October 1 – December 26, 2024, the last group of scores for sections taken last year. For the most recent Trends report data you can check out No One Will Be Surprised to Hear CPA Exam Candidate Numbers Are Down in Every Way the Numbers Can Be from October 2023.

CPA 59

CPA 59

Going Concern

MARCH 26, 2025

Campo, CPA, MBA (@ajthecpa1226) March 25, 2025 This person brings up a salient — if completely depressing — point. — Dsrg716 (@GRSD616) March 25, 2025 Related: Yes, You Can Quit During Busy Season The post Friendly Reminder Not to Work Yourself to Death For This Profession appeared first on Going Concern.

Hospitality 78

Hospitality CPA Account accountant 78

RogerRossmeisl

JULY 21, 2024

Important: Keep in mind that the federal estate tax exclusion amount is scheduled to sunset at the end of 2025. Don’t Overlook Income Taxes appeared first on Roger Rossmeisl, CPA. Beginning on January 1, 2026, the amount is due to be reduced to $5 million, adjusted for inflation. The post Planning Your Estate?

income tax 235

income tax Tax CPA 235

Withum

MARCH 18, 2025

Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities. Withum congratulates Anni Chen on this remarkable achievement.

CPA 59

CPA cpas public accounting Illinois 59

CPA Practice

MARCH 11, 2025

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

CPA 81

CPA Account accountant accounted 81

CPA Practice

DECEMBER 2, 2024

Aprio , the 25 th largest business advisory and accounting firm, has released its 2025 Technology Outlook , highlighting the recent impact of private equity and venture capital funding within the tech sector and key trends that will continue to make an impact in 2025.

Technology 52

Technology Healthcare B2B accounting firms 52

Going Concern

JANUARY 1, 2025

AICPA creating more barriers to entry; not for the people, poor CPA exam procedures Pay gaps at intermediate experience levels. As well as hurting CPA culture in process. Add on a CPA cert that takes a year to study for and obtain. Something tells me 2025 is going to be dark. The lack of small firms.

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