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.
January 2, 2022
Don’t Let Excellence Get in the Way of Progress
If you've mastered all the components of your role, your workday runs like a tight ship, with every piece moving in clockwork fashion. If that feels like a win, you're measuring excellence on a distorted scale.
January 1, 2022 Sponsored
4 Best Practices for New Employee Onboarding
The great resignation has made hiring employees challenging. But the challenge doesn’t end when an employee starts with a firm.
December 30, 2021
AccountantsWorld Acquired by IRIS Software Group
The acquisition of AccountantsWorld is a further strategic step in IRIS’ mission to revolutionize the professional accounting market in North America, bringing together leading technology, capability and deep sector knowledge to help accountants ...
December 28, 2021
IRS Sets Jan. 10 Deadline for Strict New Reporting Rules for R&D Amended Returns
Recently the IRS surprised many people in the world of research and development (R&D) tax credits. Suddenly, companies filing retroactively to capture the credit on an amended return for prior years must now also include much more detailed supporting ...
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December 28, 2021
Deferred Social Security Tax Payments Due by Jan. 3, 2022
Employers and self-employed individuals who chose to defer paying part of their 2020 Social Security tax obligation, must make a payment by Jan. 3, 2022.
December 22, 2021
FASB Issues Two New Chapters of Its Conceptual Framework
The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a foundation for setting standards and concepts for it to use as tools for resolving accounting and reporting questions.
December 22, 2021
Navigating Bonus Depreciation for “Flip-Flop” States
“Flip-flop” states, or those that have gone back and forth between conforming and not conforming with federal tax laws are particularly problematic for tax and accounting professionals, especially when it comes to bonus depreciation.
December 22, 2021
United States and Nation of Malta Sign Agreement on Pension Funding
IRS says that U.S. taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established in Malta.
December 22, 2021
IRS Further Extends Tax Deadlines for Those Affected by Hurricane Ida
Victims of Hurricane Ida in six states now have until Feb. 15, 2022, extended from Jan. 3, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced.
December 22, 2021
IRS Sending Letters to Advance Child Tax Credit Recipients
The IRS is urging people receiving these letters to make sure they hold onto them to assist them in preparing their 2021 federal tax returns in 2022.
December 22, 2021
3 Trends for Accounting Firms in 2022
Firms willing to adopt new technologies and prioritize employee and client experiences will be in an ideal position to attract new clients and keep current clients happy. Here are three trends to know for the coming year.
December 21, 2021
Internal Audit Professionals Gather for Virtual Event Hosted by Wolters Kluwer
Internal audit executives from over 35 countries took part in the online event. The agile audit session was led by agile coach Mark Williams from Agile Outside IT and focused on how agile audit aligns with the goals of Chief Audit Executives to drive ...