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.
June 26, 2014
IRS Announces New Program for Uncredentialed Tax Return Preparers
The IRS has started a new voluntary program that it says is intended to encourage education and filing season readiness for paid tax return preparers who are not credentialed. The program will be in place to help taxpayers during the 2015 filing season.
June 26, 2014
Intuit Signs with SmartVault to Provide Document Management for ProSeries and Lacerte
Small business accounting and tax company Intuit has partnered with cloud document storage and sharing firm SmartVault, which will provide integrated cloud-based document management for Intuit's two professional tax systems, Lacerte and ProSeries. The combination of these professional programs is intended to further automate tax preparation workflow, from receiving source files securely from clients to…
June 26, 2014
Massachusetts Increases Minimum Wage to $11, Decreases Unemployment Insurance
Governor Deval Patrick signed legislation to increase the minimum wage in increments to $11 per hour by 2017. The law also lowers unemployment insurance costs.
June 26, 2014
Indiana Board of Accountancy to Permit Competency-Based Education for CPA License Renewal
Indiana has become the first state to permit competency-based education to qualify for CPA license renewal. The Indiana Board of Accountancy and Indiana CPA Society have partnered on the new pilot program, and the change was facilitated through work of the CPA Center of Excellence. Announced last week, the CPA Center of Excellence has been…
June 26, 2014
No Payroll Newsletter on Friday, July 4, 2014
CPA Practice Advisor will be closed on July 4 so that our staff can enjoy the Independence Day weekend with their families. As such, we will not be producing the CPA Payroll Advisor newsletter on that day.
June 26, 2014
Business Owners Increasingly Reliant on Mobile Technologies
Businesses are increasingly reliant on mobile technologies for many aspects of operations, from management, to sales, to client service, according to a new survey.
June 26, 2014
Report Shows 18% of Small Businesses Still Using Windows XP
According to a new report, almost one in five small and medium businesses worldwide are exposed to major security risks as they are still using Windows XP after Microsoft ended support for the operating system.
June 26, 2014
CCH IntelliConnect Direct Now Available to All Professionals
Tax and accounting technology developer Wolters Kluwer, CCH has made its new CCH IntelliConnect Direct available to all professionals. The system, which provides a universal research interface that offers anytime, anywhere access to accurate, reliable, and continuously updated U.S. and global tax, accounting and regulatory information and guidance, had been in limited beta availability. It…
June 26, 2014
Why More Tax Education is Critical for CPAs
During the first decade or two of my accounting and tax life, I always felt that everyone knew more than I did. I was always a bit intimidated by the depth of knowledge other CPAs, EAs and attorneys seemed to have – and prayed that I could know just a little more of what they…
June 26, 2014
Is the New Flat Rate Home Office Deduction Right for Your Clients?
Effective this tax season, our clients have had the option of deducting $5 per square foot, up to 300 square feet – instead of using the complex Office in Home rules. That provides for a maximum deduction of $1,500.
June 25, 2014
Finance Teams Expand Duties in Response to Business Complexity
The role of finance teams is expanding beyond the traditional areas of accounting and financial reporting, according to a new survey by the AICPA and the Chartered Institute of Management Accountants.
June 25, 2014
Taxes Remain Biggest Issue Impacting Small Businesses
If there was a Letterman Top 10 list for the things that make small business owners have a migraine, the number one spot would be the U.S. tax structure.