January 23, 2025
Most Americans have pretty simple taxes: A job or two (form W-2), maybe a side gig (forms 1099 or 1099-NEC), some child tax credits, maybe a mortgage or a few minor additions. The chart below is for you.
January 22, 2025
This article includes an easy reference chart that taxpayers can use to estimate how soon they may get their income tax refund.
Accounting Standards January 22, 2025
The Financial Accounting Standards Board published a proposed Accounting Standards Update on Jan. 22 focused on targeted improvements to the FASB Accounting Standards Codification.
IRS January 22, 2025
Melanie Lauridsen, AICPA vice president of tax policy and advocacy, wrote on LinkedIn Tuesday that President Donald Trump's executive order halting the hiring of federal workers poses "no concern" to the IRS as the agency has already brought seasonal workers aboard for the 2025 tax season, which begins on Jan. 27.
SEC January 22, 2025
The Republican, who has served as an SEC commissioner since 2022, will hold down the fort while Trump's pick to succeed Gary Gensler as chair of the SEC, Paul Atkins, works his way through the Senate confirmation process.
Taxes January 22, 2025
The Senators also claimed Bessent, "... avoided paying nearly $1 million in Medicare taxes on your hedge fund earnings over the course of three years by reporting on your tax returns that you were a “limited partner” ...
Firm Management January 22, 2025
Successful uptake of new technology is a matter of emotions — and with 4 in 5 companies saying they’re failing to capitalize on its potential, managers need to know how to deal with them, say researchers from Aalto University.
Technology January 22, 2025
CPAClub Coach is an AI-powered advisor combined with live CPA expertise. Designed to bridge the talent gap in accounting, CPAClub Coach integrates artificial intelligence with live expert support, offering members personalized coaching and timely, standards-based guidance on both accounting and audit-related questions.
Small Business January 21, 2025
A handful of home rule states − Colorado, Alabama, Louisiana, Arizona, and Alaska – are making moves toward simplification. Still, businesses selling into home rule states continue to face an onerous tax compliance burden.
Mergers and Acquisitions January 21, 2025
The private equity-backed top 25 accounting firm has merged in Indianapolis-based CPA firm CapinCrouse, as of Jan. 17, in what is the largest deal in CRI's 28-year history.
Auditing January 21, 2025
PCAOB staff continues to identify a large number of deficiencies related to the auditor’s examination of journal entries, the audit regulator said.
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Taxes January 21, 2025
The current statute requires the IRS to wait for a federal disaster declaration, which cannot happen until after the disaster occurs, in order to grant deadline extensions.
