Tax inflation adjustments expected to shrink
Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.
ICPAS Summit: Facing the ‘hard trends’ in accounting
Illinois CPA Society president and CEO Geoffrey Brown and chair Deborah Rood discussed some of the hot topics in the profession during a recent ICPAS Summit.
November’s election is shaping up to be critical to tax planning
Whoever wins, ‘2025 is going to be a very interesting tax legislative year.’
Presidential debate touches on taxes
The debate Tuesday night between Kamala Harris and Donald Trump included little discussion about taxes, but pointed to at least some of their economic policies.
Opportunity zones and other strategies to save on capital gains
The OZ program allows investors to defer capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.
Springline Advisory looks to expand
Springline Advisory, a private equity-funded firm, is growing by bringing in accounting firms.
New BOI guidance issued for short-lived entities and foreign cos.
Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.
In the blogs: Nothing but trouble
Tax targets; getting creative; one SALT workaround; and other highlights from our favorite tax bloggers.
M&A roundup: Landmark, Forvis Mazars expand
Landmark CPAs merges in Garland & Greenwood CPAs; and Forvis Mazars completes acquisition of ConTech360.
Ireland to decide how to use Apple’s €13B it didn’t want
Ireland just landed a challenge most countries would envy: how to spend an almost €13.8 billion ($15.2 billion) windfall that Apple Inc. was ordered to pay in taxes by the European Union’s top court.