IRS releases 2025 tax inflation adjustments

by | Oct 26, 2024

ARTICLE | October 26, 2024

The following linked article provides a detailed overview of the IRS inflation-adjusted items  for 2025. These adjustments were released on October 22, 2024, and are of significant interest to both individuals and businesses as they have far-reaching implications on financial planning and tax strategies for the coming year. The article delves into various key areas including individual tax brackets, qualified business income thresholds, the average annual gross receipts required to qualify as a small taxpayer, and the limitations for section 179 expensing, among others.

To learn more about the 2025 Inflation-adjusted items, click the link below.


Read the full article here...

Questions or Want to Talk?

Call us directly at 972.221.2500 (Flower Mound) or 940.591.9300 (Denton), or complete the form below and we’ll contact you to discuss your specific situation.
  • Should be Empty:
  • Topic Name:

Bakes Takes Volume 1, Issue 8

Nov 5, 2024

This month’s Bake’s Takes presents three powerful reads that discuss overcoming anxiety in high achievers, traits of effective teams, and reasons why leadership teams fail. It provides actionable advice on how to avoid mental traps, foster healthy collaboration, and elevate mediocre teams to high performing ones. Dive in to gain a fresh perspective on leadership challenges and strategies.

Attestation Services: An Introductory Guide

Nov 4, 2024

In today’s business world, trust and transparency are non-negotiable. Discover how attestation services can enhance your company’s credibility by providing independent verification of your financial information. Read our essential guide to learn how these services can drive business success and foster stakeholder confidence.

What do You Want… Really?

Oct 22, 2024

How you plan for retirement today can significantly affect your future. This article explores the implications of current decisions on future outcomes, and how the KHA team can help align your actions with your aspirations. Let’s start shaping your future today.

Will your Business Last Beyond You?

Oct 8, 2024

Ensuring business longevity involves intentional succession planning. Explore how KHA’s Dynamic Business Advisory program helps you identify strategic gaps and build a lasting legacy. Are you ready to think generationally?

Bake’s Takes Volume 1, Issue 7

Oct 1, 2024

Dive into the world of strategic consulting with Jonny Baker’s “Bake’s Takes”, featuring a careful selection of insightful reads from the fields of team dynamics, conflict resolution, and decision-making. This edition explores the true meaning of teamwork, the importance of healthy conflict in management, and introduces the innovative “RAPID” decision-making method. A rich resource for leaders seeking to create vision, alignment, and execution.

Are you a CEO or a Firefighter?

Sep 24, 2024

Are you a business owner stuck in the firefighting mode, rushing from one crisis to another? Discover how KHA Strategic Consultants can help you transition from a reactive approach to proactive strategic planning.

Can You Attract Top Talent?

Sep 10, 2024

In the battle for top talent, 75% of companies struggle to fill positions, giving the onus to firms to differentiate themselves. This article outlines four key attributes successful firms possess.

Bakes Takes Volume 1, Issue 6

Sep 3, 2024

Explore the top three reads recommended by KHA Consulting’s Jonny Baker in this month’s Bake’s Takes. From understanding how new CEOs establish trust, to leveraging your strengths for greater impact, and spotting talent in the modern era, these articles offer essential insights for today’s leaders. Don’t miss out on these refreshing perspectives designed to push your thinking and enhance your leadership effectiveness.

Accounts Payable Strategies and Best Practices

Sep 3, 2024

Efficient accounts payable management isn’t just about paying bills—it can directly impact your business’s financial health and growth. From digital tools for invoice processing to robust internal controls for fraud prevention, this article covers everything you need to know.

The Unseen Complexities of Lease Accounting

Sep 3, 2024

Discover the complexities of lease accounting and the crucial role of a professional CPA in navigating these challenges in this video. Learn about the new standards of ASC 842, how it’s changing how leases are recorded, and why it’s so important to get it right.