Inflation

Over half of accounting and tax firms plan to increase fees across all services in 2025, according to a new survey.

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

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.

Sen. Bernie Sanders and Ed Markey are introducing legislation to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for products.

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

There is no question that inflation can materially impact a business, and F&A teams have the responsibility to monitor and analyze core costs that may be trending upward.

Business leaders who are also CPAs are unsure about the direction of the U.S. economy next year.

Economic conditions, including inflationary pressures, topped the list of concerns cited by executives on a new survey.

When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.