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 6, 2020
IRS Extends Deadline for Coronavirus Stimulus Payments to Nov. 21, 2020
People who haven’t received a Coronavirus stimulus payment, and don’t typically file a tax return, can use an online tool to request their payment, up until Nov. 21.
October 5, 2020
Avalara Acquires Transaction Tax Resources, Inc. for $377 Million
Avalara, Inc. has acquired Transaction Tax Resources, Inc. (TTR) for approximately $377 million in cash. TTR, known as the tax answer company, primarily serves enterprise businesses and their internal tax teams, offering U.S. sales and use tax rates, laws, software, and customer support required for the biggest and most complex companies. Avalara is a provider of...…
October 5, 2020
58% of Americans Plan to Stop Using Cash After Covid-19
More than half (58%) don’t plan to go back to using cash after the pandemic ends, choosing instead to transition to a cash-free lifestyle. Millennials are leading the charge, with 64% making the switch, followed by 53% of Generation X, and 42% of Boomers.
October 5, 2020
Coronavirus, Lawsuits, and Workers Compensation
COVID-19 cases continue to rise following record numbers of new cases reported over the past few months in California, Florida, Texas, and several other states. This recent dramatic increase in cases has caused a sluggish reopening of the economy in ...
October 5, 2020
U.S. Bank Instant Card Now Integrated with Concur Expense
The new U.S. Bank Instant Card is a fast, efficient, and simple way for employees, contractors, or consultants to make business purchases without using a personal credit card or filling out complex expense reports.
October 5, 2020
Innovating When Things are Normal is Better than Forced Innovation Under Stress
When we are back to whatever the new normal is, eventually there will be some return to offices. But the workforce with also see a continued and growing distribution of staff and clients.
October 5, 2020
Biden Proposes 401(k) Change to Equalize Benefits
Policy analysts have stated that taxpayers would save roughly the same 20.5% in tax on their contributions to their 401(k)s. This works out to close to $4,000 for a 45-year-old making the maximum annual contribution. It’s not yet clear if the credit ...
October 5, 2020
Best Advice to Small Business Owners
At an event honoring the twentieth graduating class of the 10,000 Small Businesses program at LaGuardia Community College in New York, we asked some of the business leaders in attendance to share their insights on business-building and how to further ...
October 5, 2020
AICPA Honors Innovative Accounting Educators
The awards, co-sponsored by Grant Thornton and the Federation of Schools of Accountancy (FSA), are given each year to college and university educators who develop unique and effective teaching tools for introductory, upper division, and graduate courses.
October 5, 2020
TCJA Update: Meals and Entertainment Expenses Under Section 274: 26 CFR Part 1
This document contains final regulations that provide guidance under section 274 of the Internal Revenue Code (Code) regarding certain recent amendments made to that section. Specifically, the final regulations address the elimination of ...
October 4, 2020
Security for Accounting Firms: How to Comply with IRS Rules for Keeping Client Data Safe
Ensuring data is secure isn’t just a bonus or an extra feature accounting firms can offer clients. And per the IRS—it’s the law. CPA firms that don’t protect their clients’ data face fines, compensatory costs, and other financial hits.
October 2, 2020
Prime Global Named Top Accounting Firm Association
The International Accounting Bulletin noted “The competition was strong, and the judges selected PrimeGlobal for its exceptional year under new leadership, restructuring its global governance and delivering strong growth of over 10 per cent.