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.
July 15, 2014
IRS Says University President’s House Is Taxable
When Roderick J. McDavis became Ohio University's president a decade ago, he moved into 29 Park Place, a 7,000-square-foot, 2 1/2-story home at the heart of OU's campus in Athens.
July 15, 2014
FASB Simplifies Inventory Management Guidelines
As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items
July 15, 2014
Pensions, Defined Benefit Plans are Still a Good Option for Some
Do you remember those traditional pension plans from days of yore? Although such plans are nowhere near as prevalent as they were back in your grandfather’s day – especially for employers that must cover dozens of employees or more -- there’s still a time and place for the “defined benefit plan.” In fact, this option…
July 14, 2014
With Summer Comes Sun and Financial Stress for Many Americans
While summer has traditionally brought with it anticipation of warm weather, beach vacations, and Bar-B-Ques, a new survey shows that it also brings one more thing: financial anxiety. Fifty-nine percent of Americans said their financial tension during the summer matches or exceeds their stress during the year-end holiday season, according to a new telephone survey...…
July 14, 2014
Americans More Confident in Personal Finances, Savings
Sixty-four percent of respondents have some type of emergency savings – even if it’s less than three months’ expenses, found the latest results of Bankrate's Financial Security Index. The monthly survey also found measures how secure Americans feel about their personal finances compared with 12 months ago and is conducted via telephone interviews conducted by…
July 14, 2014
Virginia Tops Ranking with Most Military Veterans Per Capita
Military service brought soldiers, sailors and Marines to duty bases in Virginia, but the availability of defense-related jobs--along with everything else the Old Dominion has to offer--may have kept them here.
July 14, 2014
Free CPE Webcast to Look at Data Management for Accounting Firms
Learn effective data management strategies for optimizing client performance.
July 12, 2014
Texas Back-to-School Sales Tax Holiday Has Strange List of Exempt Items
Earlier this year, the Texas state legislature voted to create a sales tax holiday that will coincide with the back-to-school time frame. The state has had a back-to-school sales tax holiday each year since 1999.
July 12, 2014
Pennsylvania Gov. Vows to Take Pension Reform to Public Vote
After more than a day of criticism from fellow state Republicans for allegedly failing to show leadership, Gov. Tom Corbett said Friday he has worked behind the scenes for long enough and will take his cause of pension reform to the public.
July 11, 2014
Intuit CEO Brad Smith Discusses Small Business Finances with President Obama
Brad Smith, the CEO of Intuit, which makes QuickBooks, TurboTax and many other personal and small business management systems, met with President Barack Obama on Friday to discuss how big business and government can work together to support small business. Smith joined other leading executives at a roundtable discussion during which the companies will champion…
July 11, 2014
Professionals on the Move – July 11, 2014
A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
July 11, 2014
Gun Laws and Accounting Firms – What’s Your Policy?
As of a year ago, it is legal for citizens to carry concealed weapons in all 50 states. In addition, many states issue a visitor’s permit to anyone coming to their state, regardless of where they live.