Sun.Oct 27, 2024

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Maximize Your Year-End Giving with Gifts that Offer Tax Benefits

RogerRossmeisl

As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to loved ones is by giving cash gifts before December 31. Under tax law, you can gift a certain amount each year without incurring gift taxes or requiring a gift tax return. Taking advantage of this rule can help you reduce the size of your taxable estate while benefiting your family and friends.

Tax 212
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Xero Delays Price Change for 'Early Plan' Subscribers

Insightful Accountant

Xero has announced they are delaying the $5.00 per month increase in their Early Plan from October 27, 2024 until December 1, 2024.

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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. If your business has employees, you may need to budget for additional payroll costs, especially if you have many high earners.

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Intuit Connect Begins Today

Insightful Accountant

Intuit Connect Begins Today at the Aria Hotel and Convention Center in Las Vegas.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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How Your Business Can Fight ATM Skimming

RogerRossmeisl

Skimming, where criminals use hidden digital readers to steal debit and credit card information, is a pervasive threat that can result in significant financial losses for businesses. The FBI estimates that ATM and point-of-sale (POS) skimming generates more than $1 billion for criminals annually. So if your business offers or operates these machines, you need to assess your risk and take steps to prevent skimming from happening on your premises.

CPA 201
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Sage announces that 'Sage Copilot' is "coming to America"

Insightful Accountant

Sage Copilot to be offered to a select group of Sage Intact (U.S.) customers.

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