article thumbnail

Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

Bureau of Labor Statistics projects that job opportunities for accountants and auditors will increase by 6% from 2021 to 2031, which is as fast as other occupations. The post Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23 appeared first on Going Concern.

CPA 105
article thumbnail

10M more 1040s by 2031

Accounting Today

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What's new in state sales and use taxes

TaxConnex

Taxable purchases and leases of equipment must be at least $15 million for any calendar year, with additional conditions effective Jan. The bill also extends the sunset date of the sales tax exemption for the purchase of high-technology data center equipment to Dec.

Sales 246
article thumbnail

The Tax Blotter – August 2024

CPA Practice

For example, if the decedent died in 2021, a beneficiary must start taking RMDs in 2025 and wrap things up by 2031. Under the new final regulations, you count the ten-year period as usual, but you don’t have to make up for the missed years.

Tax 109
article thumbnail

Mastercard’s Vocalink Prolongs LINK Collaboration Through 2031

PYMNTS

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., We are delighted that LINK has extended our partnership to operate its ATM network until 2031. “We Mastercard announced on Friday (Oct.

B2B 40
article thumbnail

Mastercard’s Vocalink Renews LINK Collaboration Through 2031

PYMNTS

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., We are delighted that LINK has extended our partnership to operate its ATM network until 2031. “We Mastercard announced on Friday (Oct.

B2B 40
article thumbnail

Inherited Retirement Account Owners Granted Distribution Relief Through Latest IRS Postponement

Withum

The account must still be depleted by the end of the tenth year – December 31, 2031. Since inheriting the IRA, the taxpayer has taken no distributions as none have been required due to IRS relief.