Xero
FEBRUARY 26, 2025
In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. The next phase of Making Tax Digital is coming.
Accounting Today
JUNE 17, 2025
Sovos ( [link] ): The IRS will decommission the Filing Information Returns Electronically system in January 2027; all 2026 returns will need to use the new IRS Information Returns Intake System. The window for preparation is closing fast.
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Counto
DECEMBER 15, 2024
The Ordinary Wage Ceiling Will Increase Starting from 1 January 2025, the CPF Ordinary Wage (OW) ceiling will gradually rise, with the full increase expected by 2026. Simplify Your Bill and Salary Payments with Counto BillPay Try Counto BillPay, your all-in-one solution for bill payments, spend management, and accounts payable.
Accounting Today
JUNE 20, 2025
By Chris Gaetano June 20 Audit Senate Parliamentarian rejects PCAOB provision in tax bill The provision would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission. For individual taxpayers, this means Oct.
Blake Oliver
JANUARY 12, 2025
Effective Jan 1, 2026, you can get your CPA license with a bachelor's degree and two years of experience. A bachelors degree, completing the required accounting concentration of coursework, two years of experience, and passing the CPA Exam The bill also improves mobility for out-of-state CPAs. The 150-hour rule is dead in Ohio!
Accounting Today
JUNE 23, 2025
Medicaid funding would also count, and substantial cuts are expected under the tax bill now being considered in Congress "Medicaid funding in particular is a really big part of state budgets, so the potential for them to be substantial at a state level at least exists and warrants consideration," said Black. Thats a big one," said Black.
Accounting Today
JULY 2, 2025
Get yourself ready Institute on Taxation and Economic Policy ( [link] ): How much do the top 1% in each state get from the Senate tax bill? Tax Vox ( [link] ): How the Senate bill is even more regressive than the Finance Panels version. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan.
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