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 2, 2020
Accounting Firm Friedman Launches New Diversity and Inclusion Inititatives
As part of firm’s “community” pillar, Friedman is proud to announce a recent donation to the Council of Urban Professionals (CUP). This donation will be used in support of CUP’s mission of inspiring, elevating and empowering the next generation of ...
October 2, 2020
Cashflow Management a Key Driver of Finance Investments
Cash flow management is the top driver of finance leaders’ investment in accounts payable (AP) and accounts receivable (AR) automation, according to a new study by Bill.com and CFO Research, the research arm of CFO.com.
October 2, 2020
AICPA Submits Recommendations to Address Need for Guidance Related to Excise Tax on Executive Compensation
The American Institute of CPAs (AICPA) has submitted recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) to address the need for guidance related to new section 4960 related to the excise tax on executive compensation paid by tax-exempt organizations. The excise tax is imposed on applicable tax-exempt organizations and related...…
October 2, 2020
IRS Issues Final Regs for Achieving Better Life Experience Accounts
The final regulation addresses many comments received on the 2015 and 2019 proposed regulations. Specifically, they provide guidance on the gift and generation-skipping transfer tax consequences of contributions to an ABLE account, as well as ...
October 2, 2020
Accounting Firm Nathan Wechsler Announces New Senior Manager
The regional accounting firm of Nathan Wechsler & Company, PA is pleased to announce the promotion of Ashley Major, CPA.
October 2, 2020
IRS Issues Final Regs on Meal and Entertainment Deduction
The 2017 TCJA generally eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. However, taxpayers may still deduct business expenses related to food and beverages if ...
October 2, 2020
IRS Targets Microcaptive Insurance Schemes
Also, as part of IRS’s continued focus in this area, the IRS has become aware of variations of the abusive micro-captive insurance transactions. Examples of these variations include certain Puerto Rico and offshore captive insurance arrangements that ...
October 2, 2020
BlackLine Acquires Rimilia
Rimilia is a provider of accounts receivable automation solutions that enable organizations to control cash flow and cash collection in real time. Using artificial intelligence (AI) and machine learning, the SaaS (Software-as-a-Service) platform ...
October 2, 2020
New Details Offered on IRS Syndicated Conservation Easement Settlements
The Internal Revenue Service Chief Counsel has released Chief Counsel Notice 2021-001 (CC Notice), which contains information regarding Chief Counsel’s settlement initiative for certain pending Tax Court cases involving abusive syndicated ...
October 1, 2020
Home Sales Forecast to See Sales Peak in Fall
After a remarkably hot summer, home sales are expected to peak this fall then taper off in 2021 while staying above pre-pandemic levels, according to a forecast by Zillow's team of economists in this week's Market Report. Key market stats from ...
October 1, 2020
Boo! 12 Social Media Tricks to Avoid
Social media doesn’t have to be scary. By mixing a potion of entertainment with education, you are providing valuable information in a way that makes people want to come back for more.
October 1, 2020
Consumers and Business Owners are Underprepared for Evolving Cyberthreats
While nearly half of small business owners believe they are prepared to handle a cyberattack, only 39% of independent agents believe that their customers are prepared to prevent one. Only 17% of small business owners, or fewer than 1 in 5, say they have c