MY-CPE Insights

IRS Tax Update for October 2024 | Key Changes Every Tax Pro Should Know! Attention, tax professionals! Staying ahead of tax law changes is essential, and our October update brings you insights you can’t afford to miss. Experts Jason Dinesen, EA, and Nick Preusch break down the latest inflation adjustments, Social Security Wage Base shifts, and legislative changes that could impact your practice in 2025. Here’s what’s covered: • Increased Standard Deductions for single, married, and head-of-household filers • New Foreign Earned Income Exclusion limits • Social Security Wage Base Adjustment — prepare your payroll systems! • PTIN Renewal Deadline — don’t forget to renew and ensure compliance Tune into our latest discussion—watch the video here for all the highlights | https://lnkd.in/d6bs-ssH You can also read our blog for a detailed breakdown | https://lnkd.in/dS2k-bNr Stay connected with MY CPE for the latest resources and guidance to support your clients with confidence! #irstaxupdate #irsupdate #mycpe #taxwebinar #cpe Internal Revenue Service

PCAOB isn’t pulling any punches | A major decision has been made, targeting rule-breaking audit firms in a big way! The PCAOB has revoked the registration of JTC Fair Song CPA Firm, sending a strong message to the global audit community about non-compliance. With multiple violations, including missed filings and a lack of cooperation, this Shenzhen-based firm now faces the ultimate consequence. This decision underscores the PCAOB's commitment to transparency and protecting U.S. markets—no matter where the audit firm is based. A stark reminder for firms working with U.S.-listed entities: compliance isn’t negotiable! Read the full story in the comments to see how the PCAOB is safeguarding investor trust and market integrity. #audit #pcaob #compliance #mycpeinsights #news Public Company Accounting Oversight Board (PCAOB)

Could Trump’s policies create a bullish rally for Bitcoin? Analysts weigh in on what’s next. With Trump back in the White House, Bitcoin enthusiasts are buzzing over what this could mean for crypto. His pivot to a “pro-crypto” stance, backed by major endorsements and Bitcoin-friendly policies, might be exactly what Bitcoin needs to hit new highs. 🔹 Pro-Bitcoin Policies: A Friendlier Regulatory Landscape Ahead 🔹 Mainstreaming Bitcoin: Spot ETFs could attract more institutional investors 🔹 Analyst Predictions: Targets as high as $200k by 2025 Is Bitcoin’s moonshot finally on the horizon? Explore the possibilities in our latest blog! Tune into our latest discussions where experts break down these further | https://lnkd.in/dx-QMXGu #usaelection #trump #bitcoin #insights #crypto

What happens when hidden costs come to light? For Lovesac, it meant a $1.5M SEC settlement—and a shakeup for investors! Lovesac, the beloved furniture company known for its cozy couches, hit a rough patch: a $1.5 million SEC settlement over delayed shipping expenses. But how did a brand built on comfort find itself under financial scrutiny? Delayed reporting, internal missteps, and shaken investor confidence all play a part in this cautionary tale. For investors and finance pros, the message is clear- even trusted brands need transparency and solid internal controls to stay resilient. Explore our in-depth analysis of the case (link in comments), meet the key players involved, and see what this means for the industry. Plus, stay ahead with insights from our weekly newsletter on finance trends and compliance tips. #mycpeinsights #lovesac #sec #accounting #cpa

Could Trump 2.0 Ignite a Bitcoin Bull Run? With Trump back in the White House, Bitcoin enthusiasts are speculating on what this means for the crypto landscape. Trump’s shift to a "pro-crypto" stance, fueled by endorsements from big names and support for Bitcoin-friendly policies, could just be the push Bitcoin needs to soar beyond its current highs. 🔹 Pro-Bitcoin Policies: Expect a less restrictive regulatory environment 🔹 Mainstreaming Bitcoin: Spot ETFs could bring more institutional investors onboard 🔹 Analyst Predictions: Bullish forecasts with potential targets as high as $200k by 2025 Is a Bitcoin moonshot on the horizon? Check out our latest blog for a deep dive into how Trump’s second term could shape Bitcoin’s future! (Link in the comments) 👇 #usaelection #trump #bitcoin #insights #crypto

Trump’s Back in the White House | How Will It Impact Your Wallet? With Trump back in office, prepare for big changes that could reshape your finances! His “America First” agenda, sweeping tax cuts, and tariffs aim to boost American jobs and industry but could bring higher costs and inflation. Who stands to benefit, and who might feel the pinch? From industry impacts to tax shifts, get the breakdown on how these policies could affect your wallet and future planning. Don’t miss these key insights! Tune into our latest discussions where experts break down these further | https://lnkd.in/d7nJCihU Read here | https://lnkd.in/dEx_aGCg #news #trump #mycpe #policy #usa

Germany’s Industrial Giants at a Crossroads: End of an Era? Once Europe’s economic powerhouse, Germany is now grappling with unprecedented challenges. With iconic companies like Volkswagen and thyssenkrupp facing tough choices amid rising energy costs and shifting global dynamics, is this just a rough patch or something deeper at play? Highlights: • Major sectors under pressure: automotive, chemicals, engineering. • Exports to China are shrinking as local competitors rise. • Energy costs and green policies are transforming business strategies. For professionals, this shift brings both risks and opportunities. Explore our latest blog to see how these changes could impact consumer behavior, green policies, and strategic planning. Can Germany’s economic model adapt, or will it be left behind? (Link in the comments) 👇 #germany #economy #mycpeinsights #globaleconomy

Trump’s Back in the White House | What’s the Impact on Your Wallet? Trump’s second term is here, bringing bold economic moves that could hit your finances. His “America First” policies, tax cuts, and sweeping tariffs aim to boost U.S. industry but may also drive up costs for households. Who’s set to benefit, and who might feel the squeeze? Explore our latest analysis to see how these policies could reshape taxes, industry landscapes, and everyday expenses. Essential insights you don’t want to miss! For the full article and in-depth insights, check out the link in the comments! #news #trump #mycpeinsights #policy #usa

J.P. Morgan’s $151M SEC Lesson | Transparency and Trust Matter More Than Ever! JP Morgan affiliates, JPMS and JPMIM, just faced a series of SEC enforcement actions, and the details are stirring up the finance world. From misleading disclosures to conflicts of interest and costly recommendations, this case highlights the high price of playing too close to the edge. Key Takeaways: • Misleading disclosures around private funds = $90M in voluntary payments • Financial incentives left out of recommendations = $45M penalty • Costly mutual fund recommendations over lower-cost ETFs = $15.2M repayment to clients • Prohibited transactions totaling $12.5B = $6M in penalties The message is clear—transparency and fiduciary duty are non-negotiable. This case is a reminder to finance pros—putting clients first isn't just the ethical path, it’s the smart path to avoid costly repercussions. Explore here for more insights | https://bit.ly/3NVdCLv #finance #jpmorgan #sec #mycpeinsights

Enron's Legacy—The Scandal That Won’t Quit: What Every Finance Professional Should Remember! It’s been 23 years since Enron’s downfall, yet the lessons from one of the largest scandals in corporate history still shape the accounting, finance, and tax industries today. From “cooking the books” with off-balance-sheet entities to mark-to-market accounting, Enron’s missteps exposed serious cracks in corporate governance, auditor independence, and ethical practices. Explore our latest blog to unpack how the Enron scandal reshaped regulations, introduced the Sarbanes-Oxley Act, and pushed the accounting profession to prioritize transparency, ethics, and accountability. The ripple effects continue, reminding us of the critical importance of integrity in finance. Read now and stay vigilant to prevent history from repeating itself- https://bit.ly/3UoUpoP #finance #accounting #enron #mycpeinsights