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 18, 2014
IRS Offers Tips on Preparing for Disasters
When disaster strikes, you want to be sure you're prepared. This video has tips for safeguarding important documents in preparation for an emergency.
June 18, 2014
Report: IRS Meeting Requirements of Spending Cuts
The part of the U.S. Treasury Department that is tasked with overseeing the Internal Revenue Service has issue the findings of a recent audit of the taxing agency when it comes to its compliance with the budget cuts imposed on the agency's budget as a result of sequestration.
June 18, 2014
CFO Optimism Highest Since 2006
For the first time since 2006, more CFOs believe the state of the U.S. economy will improve (51 percent) rather than remain the same or worsen (49 percent) during the next six months, according to the Grant Thornton LLP 2014 Spring CFO Survey. This also marks the highest percentage in the survey’s history, which reflects…
June 18, 2014
GASB Proposes Improvements to State and Local Post Employment Benefits Reporting
On Monday, the Governmental Accounting Standards Board (GASB) published two proposed Statements intended to significantly improve financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also published a third Exposure Draft that would establish requirements for pensions and pension plans that are outside the scope…
June 18, 2014
FASB Issues New Standard on Reporting of Repurchase Agreements
The Financial Accounting Standards Board (FASB) has issued a new standard to improve the financial reporting of repurchase agreements and other similar transactions. Accounting Standards Update No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures, changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements.
June 18, 2014
Taxpayers Offered New Options in Offshore Voluntary Disclosure Program
The Internal Revenue Service has made significant changes to its offshore voluntary compliance programs, with the intent of providing new options to help both taxpayers residing overseas and those residing in the United States. The agency says the changes are anticipated to provide thousands of people a new avenue to come into compliance with their…
June 18, 2014
10 Best Practices for Content Marketing at Accounting Firms
How can accounting firms best-tailor their website content and services for an ever-changing marketplace?
June 18, 2014
U.S. Patent Office Cancels Trademarks for Washington Redskins
On Wednesday morning, the United States Patent and Trademark Office ruled that it has canceled the team's trademark registrations that use the name Washington Redskins, stating that it is "disparaging to Native Americans."
June 17, 2014
Why Your Firm Should Rethink Cloud Security
Despite the growth of cloud-based technology, many accountants are hesitant to move all of their client data and firm management systems online. A survey conducted by CPA2Biz last fall found that 43 percent of CPAs have their doubts about the security of cloud-based applications, feeling “somewhat confident” or “not confident at all.”
June 17, 2014
Report Shows the Top Priorities for Accounting Firms
On average, accounting firms have a pre-tax net profit margin of more than 20 percent. This underscores the success that most firms have with controlling costs and with the overall management of the firm’s finances. Managers, however, often allow quantitative measures like this to overshadow equally – if not more – important qualitative measures of…
June 17, 2014
Ohio Accountancy Board Approves 10-Minute CPE Program
The Accountancy Board of Ohio and the Ohio Society of CPAs has approved a new CPE program that offers certified professional education in 10-minute increments. Ohio joins the Maryland Association of CPAs in the new 10-minute CPE program, which it announced on May 30 of this year, following approval by the Maryland State Board of…
June 17, 2014
Paychex Acquires Nettime Solutions
Payroll and human resources provider Paychex, Inc. has acquired Nettime Solutions, LLC, a maker of cloud-based time and attendance solutions.