Regardless of the election results, we will see some tax legislation next year, says one expert.
Day: October 22, 2024
Annual inflation adjustments announced for tax year 2025
The IRS on Tuesday provided its annual inflation adjustments for over 60 tax provisions in tax year 2025, including increases in the standard deduction for married couples and single individuals.
Accountants more pessimistic about global economy
Global confidence among accountants globally declined in the third quarter to its lowest level since 2023, although confidence increased in North America.
Thomson Reuters acquires AI specialist Materia
Materia’s platform can answer accounting queries in plain language and embed citations so users can verify the information.
PCAOB sanctions, bans firm and bars partner
The Public Company Accounting Oversight Board imposed a $50,000 fine, revoked the firm’s registration and barred its partner.
IRS adjusts tax amounts for inflation for 2025
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.