Taxes November 26, 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
The agency on Nov. 26 set the reporting threshold at $5,000 for 2024, $2,500 in 2025, and $600 for 2026 and thereafter.
Payroll November 26, 2024
Deloitte Predicts Record-High Black Friday and Cyber Monday Spending
Even as consumers plan to spend more, getting more bang for their buck appears to be their top shopping strategy, Deloitte says.
IRS November 25, 2024
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
The virtual focus groups, which will be held next month, are a way for the agency to gather feedback on the online self-service tool.
Accounting Standards November 25, 2024
GASB Proposes Guidance on Subsequent Events
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
Accounting November 25, 2024
INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana
The aim of ConnectIN is to boost talent pipelines, workforce development, and entrepreneurship in accounting and other fields.
Taxes November 21, 2024
Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN
Filers who claim tax credits like the Earned Income Tax Credit and Child Tax Credit will especially benefit from this change, the IRS said.
Technology November 21, 2024
BlackLine Launches Studio360 Platform
The Studio360 platform reduces system and data complexity and enables real-time insights for accounting and finance teams.
Taxes November 20, 2024
Treasury, IRS Final Regs on Direct Pay Expand Clean Energy Tax Credit Access
The rules provide more flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects, Treasury says.
Firm Management November 20, 2024
Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025
Most firms are planning to raise fees across services by 5% or 10% due to rising business costs, according to the Ignition report.
Firm Management November 20, 2024
Opsahl Dawson Merges in Hauser Jones & Sas
The combination expands the top 300 firm's presence into Bellevue, joining its three other offices in the state of Washington.
Technology November 20, 2024
TaxPlanIQ Unveils Value-Based Pricing Tool For Accounting Firms
Firms can use the free tool to price advisory services like tax planning and CFO support based on measurable client outcomes.
Auditing November 19, 2024
Disclosures Regarding Audit Firm Oversight Have Plateaued, CAQ Report Finds
The Audit Committee Transparency Barometer Report emphasizes the need for audit committees to raise the bar with their disclosures.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
