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.
March 29, 2021
IRS Says Face Masks and PPE are Tax Deductible
The Internal Revenue Service has issued Announcement 2021-7 PDF to clarify that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are ...
March 29, 2021
With Ability to Work Remotely, More New Yorkers Migrating to Sunny South Florida
Spurred by high taxes, out of state newcomers are settling down in South Florida as employers allow — or even encourage — remote work, according to various real estate agents in the tri-county area. Most of the newcomers are heading down from the northeas
March 29, 2021
The Future Workforce will be More Flexible, Says Survey
Job seekers are becoming more open to opportunities outside their current roles, pointing to a future workforce that is more skilled and more apt to transition into new industries.
March 29, 2021
SEC Accepts 2021 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The 2021 GAAP Taxonomy contains updates for accounting standards, improvements for two SEC final rules, and other recommended improvements.
March 29, 2021
Women Now Hold 30% of Leadership Positions in Mid-Market Businesses
The number of women holding senior leadership positions in mid- market businesses globally has hit 31% despite the COVID-19 pandemic affecting economies around the world, according to Grant Thornton’s annual Women in Business report.
March 29, 2021
U.S. Employers Promoting Covid Vaccinations, But Not Requiring Them
80% of employers say vaccinations will allow them to move to a new normal in terms of returning to the workplace. Yet, relatively few employers (10%) believe vaccines should be mandatory.
March 29, 2021
American Airlines Ramping Up Full Fleet, Expects High Bookings
American Airlines expects to “reactivate most of its aircraft in the second quarter” after seeing a major increase in bookings that has brought business back to near pre-pandemic levels.
March 29, 2021
Another Look at the Tax Effects of the American Rescue Plan of 2021
The good news is the first $10,200 that most taxpayers received in unemployment benefits of up to $10,200 are not taxable for 2020. If you have already filed your tax return for 2020 the IRS is asking you to not file an amendment, as they will take ...
March 29, 2021
NightDragon and Armanino Partner to Accelerate Path to Public Markets
Armanino LLP, one of the 25 largest accounting and business consulting firms in the U.S., is teaming with NightDragon, a dedicated cyber, security, safety and privacy (CSSP) platform that helps scale companies from incubation to IPO, to launch a ...
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March 29, 2021
104 Year-Old NY Accounting Firm Opens Modern, Hybrid Worker Office
To support the expectation that more employees will have a hybrid work schedule—part remote and part in office—each workstation has been equipped with a locker for employees to store individual items. This feature provides safety for the employees’ ...
March 29, 2021
Tax Deductions: IRA Contributions Can Be Made Until May 17, 2021
Contributions to a traditional IRA are usually tax deductible, and distributions are generally taxable. There is still time to make contributions that count for a 2020 tax return, if they are made by April 17, 2021. Taxpayers can file their return ...
March 29, 2021
IRS Extends More 2021 Tax Deadlines, But Estimated Payments Still Due April 15, 2021
The IRS says individuals also now have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions, but the estimated tax payment deadline is still April 15, 2021.