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 12, 2021
AICPA Requests Relief for Taxpayers Under Sec. 473 of the Internal Revenue Code
Foreign trade interruptions due to the COVID-19 pandemic have prevented many companies and individual sellers from replacing their inventory – these interruptions meet the definition of a “qualified inventory interruption” under section 473(c)(2).
May 12, 2021
Anduin to Provide Services to BDO Alliance USA
Anduin, a new technology company helping accounting firms streamline their work-to-cash cycles with artificial intelligence, has announced the company will provide Intelligence-Based-Billing to members of the BDO Alliance USA as part of its Vendor Marketing Program. The BDO Alliance USA is a nationwide association of independently owned local and regional accounting, consulting and service firms....…
May 12, 2021
IRS Issues Guidance on Taxability of Dependent Care Assistance Programs
Notice 2021-26 clarifies for taxpayers that if these dependent care benefits would have been excluded from income if used during taxable year 2020 (or 2021, if applicable), these benefits will remain excludible from gross income and are not considered ...
May 12, 2021
Major Tax Changes in the American Rescue Plan
Several provisions affect the 2020 tax return people are filling out this filing season, including one exempting up to $10,200 in unemployment compensation from tax and another benefiting many people who purchased subsidized health coverage through ...
May 11, 2021
Nonprofits Face Unique Accounting Needs
To complicate matters, nonprofits that offer memberships are also tasked with tracking member status, invoicing members when their membership expires, while also maintaining an accurate list of all members, both current and expired.
May 10, 2021
Onboarding and Offboarding Employees: Why Getting it Right Matters
In the age of remote working and no-handshake protocols, exemplary welcomes and farewells may seem harder than ever. But just as routines and cultures have changed, so have best practices for orienting new employees, and, as a manager, it’s important...
May 7, 2021
Bill.com Acquires Divvy
The acquisition supports Bill.com’s mission and enhances our ability to deliver value to the combined customer base. Bill.com’s expanded solution will enable businesses to automatically manage accounts payable, accounts receivable, and corporate card ...
May 7, 2021
10 Easy Blog Topics for The Busy CPA
Who has time to write blog content? Probably not you, but you know you need content on your website to increase your firm’s search engine ranking.
May 6, 2021
CAQ Issues Auditor SPACs Alert
The Center for Audit Quality (CAQ) has issued an alert with some key considerations for auditors and audit committees related to the unique risks and challenges of a private company entering the public markets through a merger with a Special Purpose ...
May 6, 2021
Tipalti Expands ERP Integrations
Tipalti, the leading global payables automation platform, has announced that it can now integrate with any Enterprise Resource Planning (ERP) system. Notable ERP integrations include Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV, ...
May 6, 2021
IRS Introduces App for Projected Contract Award Dates
The new app provides information on requisitions for new contracts. Using historical data of contract awards, the intelligent web app forecasts the number of days to contract award for requisitions in the IRS’s Integrated Financial System – ...
May 6, 2021
AICPA’s Releases New Certificate on Data Analytics Core Concepts
Data Analytics Core Concepts provides real-world scenarios to help CPAs and finance professionals to better understand data and the data ecosystem, develop a data-driven mindset and find ways to leverage data to inform decisions.