Understanding Tax Updates for 2025: Key Insights from Pivotal Forensic Accounting and Audits
As we transition into 2025, taxpayers should be aware of several significant updates announced by the Internal Revenue Service (IRS) that will impact federal income tax returns. At Pivotal Forensic Accounting and Audits, we’re committed [...]
IRS Taxpayer Advocate Highlights Critical Funding Needs and Achievements in Annual Report
Congress’s chronic underfunding of the IRS has created a ripple effect that hampers taxpayer interactions and perpetuates inefficiencies. By neglecting to adequately invest in modern technology, lawmakers have left the IRS reliant on outdated systems, [...]
FinCEN: Announces businesses are not required to file Beneficial Ownership Information (BOI)
Addendum: Update on Beneficial Ownership Information (BOI) Reporting Deadline As of February 19, 2025, the Financial Crimes Enforcement Network (FinCEN) has reinstated the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). [...]
Quarter 1, 2025 Update — Sales Tax Rate Tools
This article provides information sourced directly from a government agency to inform the public about recent changes to the State of Washington's tax code and sales tax regulations. The details shared are offered as-is and [...]
January 2025: Local Sales Tax rate changes (by area, county, sector)
Local sales tax rates in the following areas will change beginning January 1st, 2025. City of Burlington Transportation Benefit District City of Burlington Transportation Benefit District Car Dealers and Leasing Companies City of Covington Transportation [...]
2025 Tax Brackets: A 2.8% Increase to Adjust for Inflation
As 2025 approaches, the IRS has announced a 2.8% increase in tax brackets, designed to adjust for inflation. This annual change helps ensure that taxpayers are not unfairly bumped into higher tax brackets as wages [...]
