IRS releases tax inflation adjustments for tax year 2025
The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.
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GASB Issues Guidance on Disclosure of Certain Capital Assets
The Governmental Accounting Standards Board (GASB) issued guidance today that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures.
View MoreNPAG Accounting Talent Strategy Report: Recommendation #4 – Expand Access for Underrepresented Groups
One of NPAG’s major recommendations is to expand access to the accounting profession for underrepresented minorities and groups.
View MoreSocial Security Wage Base, COLA Set for 2025
The Social Security Administration (SSA) recently announced that individual taxable earnings of up to $176,100 annually will be subject to Social Security tax in 2025.
View MoreImportant Notice #24-09: Tax Filing Extensions – Hurricane Helene
Consistent with the IRS’s decision to extend federal due dates to May 1, 2025, for those businesses located in a designated disaster area resulting from Hurricane Helene, the Department has extended the franchise and excise tax filing and payment due dates to May 1, 2025.
View MoreFinCEN Provides FBAR Filing Relief to Victims of Hurricane Helene; Filers Have Until May 1, 2025 to File
FinCEN announced today that victims of Hurricane Helene have until May 1, 2025 to file Reports of Foreign Bank and Financial Accounts (FBARs) for the 2023 calendar year.
View MoreTennessee Department of Revenue To Accept Schedule G Refund Claims Until Dec. 2
After thorough review, the Tennessee Department of Revenue has decided to accept Schedule G refund claims until Monday, Dec. 2.
View MoreNPAG Accounting Talent Strategy Report: Recommendation #3 – Grow Support for CPA Exam Candidates
As part of its research, NPAG studied ways to improve the CPA Exam preparation and testing experience.
View MoreIRS announces new relief for taxpayers affected by terrorist attacks in Israel: 2023 and 2024 returns and payments are now due Sept. 30, 2025; other relief available
The Internal Revenue Service announced today that due to recent terrorist attacks in Israel, the agency is providing additional tax relief to affected individuals and businesses, postponing until Sept. 30, 2025, a wide range of deadlines for filing federal returns, making tax payments and performing other time-sensitive tax-related actions.
View MoreIRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify
The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.
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