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.
May 13, 2021
Indiana CPAs Volunteer for Virtual “CPA Week” Presentations; Connect with Nearly 450 High School Students
Twenty-four Indiana CPA Society member volunteers participated in 30 virtual high school presentation series last week, reaching 9 Indiana cities, 11 high schools and nearly 450 high school students.
May 13, 2021
Professionals on the Move: May 2021
Professionals on the Move is a round-up of recent hiring and promotion announcements in the accounting profession and related industries.
May 13, 2021
Many U.S. Taxpayers Don’t Have Financial Plan
For some people, submitting their tax return to the IRS is a relief as they put the paperwork out of sight, and out of mind, until next year. Others recognize that tax time is the perfect time to plan for the future while all the documents are readily...
May 13, 2021
AICPA Provides Last Minute Tax Reminders as the Postponed May 17 Deadline Draws Near
The pandemic, coupled with new tax laws, pandemic relief efforts, late or missing guidance, changing deadlines and more has further complicated an already complex tax system. These changes have left taxpayers and tax practitioners struggling to ...
May 13, 2021
Two Thirds of Small Business Fear Inflation Will Hurt Recovery
A few weeks ago, many reported renewed optimism about the small business economy, as vaccine distribution has been expedited and more businesses have reopened. But now, several polltakers say their worries have shifted from COVID to inflation, and for ...
May 13, 2021
Tax Challenge for Private Foundations: Mastering the May 17 Deadline for Form 990-PF
Every year, private foundations in the U.S. are required to file a highly specialized and complex tax form: the 990-PF. For foundations that operate on a calendar year, this return is due on May 17, 2021.
May 13, 2021
Tax-Exempt Orgs Can Lose Status for Failure to File for 3 Years: Deadline May 17
The Internal Revenue Service is reminding tax-exempt organizations that operate on a calendar-year (CY) basis that certain annual information and tax returns they file with the IRS are due on May 17, 2021.
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May 13, 2021
Zoho Expense Aims to Help Mid-Market Businesses on Their Road to Recovery
Business travel has been significantly reduced due to Covid-19 while remote working has become a global norm. More than ever, companies require the right processes and tools to improve collaboration, ensure compliance of all regulations, and optimize ...
May 13, 2021
Setting Your Clients Up for Success with the American Rescue Plan
While every tax season can get a bit hectic, this one will prove extra challenging for tax professionals and their clients. It’s critical to make sure that you set your clients up for success to ensure that they’ll be able to navigate this complicated ...
May 13, 2021
Vertex Acquires Taxamo to Expand Global Commerce and Compliance Solutions
Taxamo’s cloud-based solutions are purpose-built for today’s global, e-commerce businesses that need to automate compliance and commerce across the entire value chain of cross-border transactions from merchant to seller to payer and revenue authority.
May 13, 2021
IRS Gives Diesel Fuel Penalty Relief
This relief is retroactive to May 7, 2021, and will remain in effect through May 21, 2021. This penalty relief is available to any person that sells or uses dyed diesel fuel for highway use. In the case of the operator of the vehicle in which the dyed...
May 13, 2021
Keynote Speakers Announced for FICPA MEGA Conference 2021
CPA.com’s President & CEO Erik Asgeirsson will present “Acceleration of Change,” an in-depth look at the rapid evolution of the CPA profession throughout the COVID-19 pandemic. He’ll be followed by Stetson University’s Randall Croom, Ph.D.