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.
September 24, 2020
Thousands of Professionals Apply for Dot.CPA Website Domains
The AICPA was awarded ownership and management of the .cpa top-level domain last year by the Internet Corporation for Assigned Names and Numbers (ICANN). CPA.com is responsible for managing the service.
September 24, 2020
Will Businesses Stay Remote After the Pandemic?
The greatest pandemic-related concerns that business executives cited for the next 12 months are safety of employees and customers (33 percent), uncertainty over stay-at-home restrictions (29 percent) and customer demand/ability to...
September 24, 2020
How to Make Sales Taxes Easier for Online Sellers
The coronavirus (COVID-19) pandemic has made selling online essential for many businesses. Economic nexus and marketplace facilitator laws obligate many online sellers to register in states where they have no physical presence.
September 24, 2020
IRS Takes Non-Employee Compensation Out of 1099-MISC: New Form 1099-NEC
The 1099-NEC is used strictly for reporting independent contractor payments of $600 or more in the course of your trade or business. You will still be required to use the 1099-MISC for such items as royalties, rent, and healthcare payments.
September 23, 2020
California to Stop Sales of Gasoline Cars by 2035: Move to All Zero-Emission Vehicles
The move comes as California battles historic wildfires that Newsom has blamed squarely on global warming, with more than 3.6 million acres burned so far this year. It could prompt other states that have followed California’s climate and ...
September 23, 2020
FreshBooks Acquires Mexico-Based E-Invoicing Company Facturama
Facturama's service will allow for greater scaling capabilities in Mexico, where the small business market is significant and growing. The purchase amount has not been disclosed. FreshBooks has paying customers in 100+ countries.
September 23, 2020
IRS Publishes Final Regs on Deductions for Estates and Non-Grantor Trusts
Specifically, the final regulations clarify that the following deductions are allowable in figuring adjusted gross income and are not miscellaneous itemized deductions:
September 23, 2020
NATP Announces Virtual Tax Season Update
Legislation passed this year as a result of COVID-19 led to many changes in how tax professionals will advise their clients and assist them in recovery. The National Association of Tax Professionals (NATP) Virtual Tax Season Update is the ...
September 23, 2020
Intuit Launches QuickBooks Commerce Sales Platform
Intuit has launched QuickBooks Commerce, a business management platform to help small businesses attract and sell to new customers across multiple channels and ultimately grow their business. QuickBooks Commerce is the central hub that ...
September 23, 2020
AICPA, CPA.com and Biz2Credit Launch New Platform for Small Business Funding
The basic loan forgiveness tool is included in CPALoanPortal.com, with enhanced functionality now available specifically for CPA firms to support clients more efficiently.
September 23, 2020
FASB Not-for-Profit Advisory Committee Meeting Recap
The FASB Not-for-Profit Advisory Committee (the Committee) held its semiannual meeting on September 10, 2020. Due to the COVID-19 pandemic, the meeting was held via video conference.
September 23, 2020
Five Ways Sales Leaders Respond to Crisis
As leaders, the first thing you do in times of crisis is to get your arms around your people. You need to ensure that they are safe, informed and confident. Safety and information proved to be the easier topics this week as you listened to the experts.