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What Might Be Ahead as Many Tax Provisions are Scheduled to Expire?

RogerRossmeisl

With this date getting closer each day, you may wonder how your federal tax bill will be affected in 2026. appeared first on Roger Rossmeisl, CPA. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. Many of its provisions are set to expire on December 31, 2025.

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The Auto Industry is Likely to Decline in Enterprise Value

RogerRossmeisl

compound annual growth rate and hit a new high at 98 million units in 2026. The post The Auto Industry is Likely to Decline in Enterprise Value appeared first on Roger Rossmeisl, CPA. According to IHS Markit, during the next five years unit auto sales will increase at a 4.7%

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Work Opportunity Tax Credit Provides Help to Employers

RogerRossmeisl

It’s generally limited to eligible employees who begin work for the employer before January 1, 2026. The post Work Opportunity Tax Credit Provides Help to Employers appeared first on Roger Rossmeisl, CPA. The IRS recently issued some updated information on the pre-screening and certification processes.

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How to Ensure Life Insurance Isn’t Part of Your Taxable Estate

RogerRossmeisl

That’s generous by historical standards but in 2026, the exemption is set to fall to about $6 million ($12 million for married couples) after inflation adjustments — unless Congress changes the law. The post How to Ensure Life Insurance Isn’t Part of Your Taxable Estate appeared first on Roger Rossmeisl, CPA. million ($23.4

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Should Tax Planners Work with Family Offices? Tax Benefits of Establishing a Family Office

CTP

A family office focuses on managing the wealth and the personal affairs of a family, typically through the services of a large CPA firm. With the implementation of TCJA, that deduction has been suspended until 2026. What exactly is a family office?

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Monday Morning Accounting News Brief: Accounting Firms Ditch Zoom Interviews; Mississippi’s Best CPA Exam Candidates | 8.28.23

Going Concern

Two Mississippi State University grads were recognized for getting the highest CPA exam scores in their state : Karis Pannel, of Tupleo’s Byrne Zizzi CPAs, received the MSCPA’s Fred T. We are very proud of Karis and Gelsey and their performance on the CPA exam,” said MSU College of Business Dean Scott Grawe. Dead silence.

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The (Potential) Tax Benefits of Establishing a Family Office

CTP

By working with a large CPA firm or another company offering family office services, families can maintain privacy, develop a unified strategy, establish structured governance, streamline their team of advisors, and overall set up a more cost-efficient way to plan for the future.

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