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.
February 24, 2021
AICPA Says IRS Needs to Give Penalty Relief to Taxpayers Affected by Pandemic
Though the IRS has emphasized that taxpayers and tax professionals should assume that the deadline will remain, it has also been reported that the IRS will not commit to keeping an April 15 filing deadline if Congress approves another round of economic...
February 24, 2021
Americans Expect to Need $1.9 Million in Retirement
Forty-one percent of those responding to the survey have made changes to their 401(k) as a direct result of COVID-19 and its economic impact. The top action steps taken by these individuals were a combination of defensive and potentially ...
February 24, 2021
AICPA Comments on Adjustments Attributable to Conversions from S Corps to C Corps Under TCJA
The American Institute of CPAs (AICPA) submitted comments to the Internal Revenue Service (IRS) to address the need for guidance concerning adjustments attributable to conversions from S corporations to C corporations under section 481(d) of the TCJA...
February 24, 2021
Americans Pay More Than $525,000 In Tax Over A Lifetime
The US government collects over $5.3 trillion in taxes each year, but how much will the average American pay in taxes throughout their lifetime? We used the Bureau of Labor Statistics’ expenditure numbers to see what we as Americans were spending each day to work out what taxes we would be paying until we’re no...…
February 24, 2021
Tipalti Grows Revenue by More Than 85%, Increases Annualized Transactions to More Than $18 Billion
Tipalti, a global payables automation platform, announced it grew its revenue by over 85% in Q4 2020 relative to Q4 2019. Tipalti continued its rapid growth surpassing $18 billion in annualized transactions in the second half of 2020, up from...
February 24, 2021
MS Consultants Expands with New Phoenix Office
The new location marks MS Consultants, LLC’s eighth office nationwide, complimenting their New England, Virginia, New York, Florida and Utah offices. The expansion aligns with the company’s strategic plans of doubling in size over the next five years.
February 24, 2021
Abdo, Eick & Meyers, LLP Launches Strategic Data Analytics Service
The firm recently hired Dan Alstrup, a highly accomplished top information technology executive, to design and lead the Strategic Data Analytics service. Alstrup has nearly 40 years of experience helping organizations worldwide leverage data and ...
February 23, 2021
2021 Property Taxes by State
Depending on where you live, property taxes can be a small inconvenience or a major burden. The average American household spends $2,471 on property taxes for their homes each year, according to the U.S. Census Bureau, and residents of the 27 states ...
February 23, 2021
Small Business Owners Expect Growth in 2021
A new survey of US small and midsize businesses (SMBs) by Bill.com found that 75 percent of small business owners (SBOs) are moving to introduce new products and services in an effort to drive growth as they navigate year two of COVID.
February 23, 2021
Building Relationships with Clients from Home
As a result of the pandemic, most firms are now providing their services over video chat, emails, and phone calls rather than in person. Connecting with clients remotely and building a relationship is essential to a healthy partnership.
February 23, 2021
Covid Vaccine Could Lift Housing Market
Among homeowners who said the vaccine would impact their decision to sell, nearly four-in-five (78%) said they expect it will make them more likely to move.
February 23, 2021
Five Companies Chosen to Participate in AICPA Startup Accelerator Focused on Accounting Innovation
The startup accelerator, which started in 2017, is designed to promote innovation in the accounting profession and give the Association and CPA.com more visibility into disruptive trends from emerging technologies.