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.
November 16, 2021
New Jersey CPAs Cite Reducing Property Taxes and Auditing State Agencies as Highest Priorities
In addition, reducing regulations for businesses would make the state more competitive and open to new start-ups. They recommended bringing back the Red Tape Commission formed by former Governor Christie to review proposed rules, regulations and ...
November 16, 2021
UAE Accounting Firm Zayed Joins TASK and Abacus Worldwide
The United Arab Emirates accounting firm Zayed Chartered Accountant for Auditing has joined Abacus Worldwide, LLC, the progressive international association of independent accounting, consulting and legal firms.
November 16, 2021
Why Are U.S. Small Businesses Slowest to Adopt Better Technology?
Simple changes in habits and process could prove more effective than costly educational campaigns in helping small businesses take advantage of digital technology’s benefits, according to behavioral science research conducted by Xero, the global small ...
November 16, 2021
The Bonadio Group Acquires New York City Accounting Firm Ganer + Ganer
This merger and expansion within the New York City metropolitan market strengthens The Bonadio Group’s commitment to growth downstate and their ability to provide outstanding client service to businesses across New York State and beyond.
November 16, 2021
IRS Offers Guidance on Per Diem Rates and 100% Deduction for Meals
For a taxpayer properly applying the rules of Revenue Procedure 2019-48, Notice 2021-63 provides a special rule that allows the taxpayer to treat the full meal portion of a per diem rate or allowance as being attributable to food or beverages from a ...
November 16, 2021
New Financial Metrics App Integrates with Top Accounting Programs
With the Financial Health tool, small businesses can get real-time insights from their QuickBooks, FreshBooks, Wave or other accounting software anytime and anywhere.
November 16, 2021
People Affected by California Wildfires Given More Time to File Taxes
Wildfire victims in parts of California now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Under relief provided in August, these extensions were ...
November 16, 2021
IFAC Recognizes Paul Druckman with Global Leadership Award for Contributions to Profession
The International Federation of Accountants (IFAC) has selected Paul Druckman of the United Kingdom as the 2021 recipient of the IFAC Global Leadership, recognizing his contributions to the advancement of the global accountancy profession and capital ...
November 16, 2021
IAASB and IFAC Release Less Complex Entities Consultation Survey
The survey is open until January 14, 2022 and is available in English, French and Spanish by clicking the language selector in the survey’s top right corner.
November 15, 2021
Accounting Firm UHY Expands Through Acquisition of K.C.-Based HPDW
UHY is the 31st largest accounting firm in the U.S. with 21 offices and more than 1,000 team members.
November 15, 2021
Withum Acquires Accounting Firms on East and West Coasts
The onboarding of Restivo Monacelli and Glick & Associates supplement the three previous strategic partnerships that closed earlier this year for Withum with Maffei, Masiello & Company, PA; OUM & Co., LLP; and Doyle Carden Group, LLC.
November 15, 2021
New Online Tool Helps Validate 1042-S Data
The tool performs a quality review of data before submission to the IRS. Use of the tool does not change a withholding agent’s obligations to file Forms 1042-S with the IRS and furnish a copy of the Form 1042-S to the payee.