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.
![wage-map[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/09/wage_map_1_.5f4f73d3788d5.png)
September 2, 2020
Wage Growth and Hours Worked See Increase in August
Hourly earnings growth was steady at 3.28 percent in August and weekly earnings continue to improve as the number of hours worked increases. The national jobs index stood at 94.39, moderating 0.21 percent from the previous month.
September 2, 2020
IRS Offers Guidance on Base Erosion and Anti-Abuse Tax
The final regulations provide detailed guidance regarding how to compute certain BEAT calculations for groups of related taxpayers. The final regulations also contain rules permitting taxpayers to waive deductions for ...
![CPACrossings-logo[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/09/CPACrossings_logo_1_.5f4e866007f3e.png){kind=logo}
September 1, 2020
Pennsylvania CPA Society Acquires CPE Provider CPA Crossings
CPA Crossings will operate independently, leveraging PICPA’s administrative resources and executive oversight. Adam Batchelor will serve as CEO of CPA Crossings. According to Batchelor, “Adding PICPA’s resources and perspective to ...
September 1, 2020
Grant Thornton Launches New Diversity, Equity and Inclusion Initiatives
Among several other actions, Grant Thornton is donating $600,000 total to two organizations: $300,000 apiece over three-year commitments to the Southern Poverty Law Center and the Thurgood Marshall College Fund.
September 1, 2020
Election 2020: Comparing the Biden and Trump Tax Plans
Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.
September 1, 2020
IRS Begins Settling Syndicated Conservation Easement Cases
The Internal Revenue Service has completed the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions.
September 1, 2020
Tipalti Announces Partnerships with Burkland, Klear and SCS Cloud
Tipalti, a global payables automation platform, has announced three new strategic partnerships to further streamline finance operations for growing companies. The partners include Burkland, a CFO, accounting and tax services company; Klear, an ...
September 1, 2020
Accounting Associations Abacus Worldwide and JHI to Merge:
The merged association will continue as Abacus Worldwide and now counts with 115 legal and accounting member firms in 225 offices spanning 50 countries. With this added growth, Abacus Worldwide ranks among the top 12 global ...
September 1, 2020
AICPA and CPA.com Announce Long-Awaited Launch of .CPA Domain
The AICPA and its business and technology arm, CPA.com, have begun an early-phase rollout of .cpa, a restricted Internet domain that allows CPAs to connect with clients and the general public with greater trust, security and verification.
September 1, 2020
Credit Card Fraud Has Spiked During Pandemic
Overall, most consumers reported higher losses of money as their age increased. Those between the ages 30-39 reported an average of $379 lost, versus $1600 lost from those 80 years and older. These numbers may not seem like much, but they ...
September 1, 2020
3 Digital Strategies to Improve Accounting Firm Agility
Technology is the tool that will help you accomplish that aim most effectively, and adopting these three digital strategies should be your first priority as you set out to improve agility at your firm. Here's what to do.
August 31, 2020
IRS Extends Tax Deadlines for Hurricane Laura Victims
Victims of Hurricane Laura that began Aug. 22 now have until Dec. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announced.