IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
October 12, 2020
Public Companies Continue to Increase Audit Committee Disclosures in Proxy Statements
Examples of new disclosures in the Barometer include Critical Audit Matters and COVID-19 – both new issues emerging since the CAQ released the 2019 Barometer. Several other areas of disclosure have reached robust levels in 2020, including a ...
October 12, 2020
5 Keys to Building Core Strength in Your Firm with Effective Document Management
Having an efficient and secure information flow through your business is a core competency which can either support or undermine your company’s stability and growth. Here are five key ways you can build strength in the core of your business using an ...
October 12, 2020
The Unspoken Tradeoffs of Virtual Cards
Those pushy emails about “e-payments” were probably enticing. Your vendor sent you an invoice—you forwarded it to your payment provider—and they said to the vendor, “Hey, want to get paid faster? Try e-payments! It’s the future!” Little did your vendor realize, “e-payments” is code for virtual cards and credit cards. They would have to pay...…
October 12, 2020
Public Companies Continue to Increase Audit Committee Disclosures in Proxy Statements
New data shows that public companies continue to increase the level of audit committee disclosures in proxy statements but lag behind in a few key areas, according to a report issued jointly by the Center for Audit Quality (CAQ) and Audit Analytics.
October 11, 2020
Apps We Love – October 2020: Personal Fitness and Health
The pandemic has resulted in lifestyle changes for many. In addition, the focus on health has all of us thinking more about how we take care of ourselves. We thought this would be a good time to survey our CPA Practice Advisor committee and ...
October 9, 2020
Coping With the Current Net Investment Income Tax
The outcome could be significant on a number of fronts. One issue that has largely flown under the radar: The ACA authorizes the imposition of several taxes, including the “net investment income tax” (NIIT) affecting certain high-income investors.
October 9, 2020
Key Income Tax Changes for Mortgage Interest
Congress keeps chipping away at itemized deductions like the one for mortgage interest. This includes the latest changes under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2025. The good news: Generally, you can still deduct most or all of ...
October 9, 2020
2020 Review of ImagineShare
ImagineShare ImagineTime www.imaginetime.com From the 2020 reviews of client portals for accounting firms. ImagineShare is the accounting firm portal system from ImagineTime, and a part of its suite of practice management solutions. The system is best-suited to small and mid-sized accounting firms, and can be used as a stand-alone portal or as part of the...…
October 9, 2020
2020 Review of NetClient CS
NetClient CS Thomson Reuters cs.thomsonreuters.com From the 2020 reviews of client portals for accounting firms. NetClient CS is the accounting firm client portal system from Thomson Reuters, and part of the vendor’s broad firm management suite that includes applications for tax, accounting, payroll, client collaboration, audit services, document management and other core practice areas. NetClient...…
October 9, 2020
35% of U.S. Companies Cutting Projected Pay Raises for 2021
The survey also found two in three employers (66%) are planning to award annual performance bonuses next year while less than one in 10 (8%) don’t expect to do so. The remaining 26% are undecided. Among respondents who plan to ...
October 9, 2020
Biller Genie Partners with USAePay
Through this partnership, USAePay merchants will be able to use Biller Genie to connect to their accounting software at a click of a button, which allows them to easily send invoices, collect payments and automatically reconcile to their ...
October 9, 2020
2020 Year-End Tax Planning Tips for Businesses and Individuals
COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code.