Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
May 4, 2015
Small Business Optimism at 5 Year High
Small business optimism is at an all-time high since the Great Recession, according to the 2015 Capital One Small Business Confidence Score.
May 4, 2015
Intacct Launches New Cloud-Based Metrics Suite
This launch marks Intacct as the first and only mid-market cloud ERP system to automate the calculation of operational insights for SaaS companies using real-time transactional data from systems of record.
May 4, 2015
Information Technology Alliance Announces 4 New Members
The organization is meeting this week in Ponte Vedra Beach, Florida, for the annual ITA Spring Collaborative.
May 1, 2015
Conference Introduces College Students to Accounting Careers
The Illinois CPA Society’s inaugural Jumpstart to Accounting program welcomed more than 100 college students and professors from more than 30 colleges and universities across the state of Illinois on April 24.
May 1, 2015
Report Says IRS Has Gotten Better at Processing Political Tax-Exemption Applications
The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
May 1, 2015
Proposed Law Would Improve 529 Savings Plans in 3 Ways
In a rare show of bipartisan support, the Senate Finance Committee (SFC) voted 26 -0 to approve a bill that would improve and extend benefits for Section 529 plan accounts.
April 30, 2015
Wolters Kluwer, CCH Small Firm Services Customer Care Earns Award as Top 50 Call Center
Wolters Kluwer, CCH Small Firm Services, a global provider of tax, accounting and trust tax solutions, has been named one of the Top 50 medium-sized call centers in North America as part of the 2015 Top 100 Call Center awards by BenchmarkPortal.
April 30, 2015
Congress Considers Tax Deduction for Some Sports & Fitness Expenses
The new proposed legislation would revise the rules by adding “qualified sports and fitness expenses” to Section 213. This includes amounts paid for membership at a fitness facility, participation or instruction in a program of physical exercise or ...
April 29, 2015
FASB Proposes Changes to Not-for-Profit Financial Statements
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains...…
April 29, 2015
NFL Gives Up Its Tax-Exempt Status
On the eve of its annual draft, the National Football League (NFL) announced that it is giving up its tax-exempt status, according to Bloomberg News and various other media sources. Unlike most other nonprofit organizations, the tax break was considere
April 29, 2015
Group Pushes for Entrepreneur Tax Credit, Other Reforms
The groups behind the letter make up the Tax Alliance for Economic Mobility - a national coalition working to advance federal policies that expand savings and investment opportunities for lower-income households through reform of the U.S. tax code.
April 29, 2015
Police Seize Money From Maine Tax Collector’s Home
State police in Maine have seized $58,500 in cash from the home of the longtime tax collector for the town of Anson during an investigation into unaccounted for excise tax revenues at the town office.