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.
January 1, 2021
CPA Practice Advisor’s Readers’ Choice Awards
The Readers' Choice Awards give accounting professionals a way to share what they believe are the most beneficial systems. After all, professionals need to stay aware of technologies and best workflow practices in order to stay competitive in the ...
January 1, 2021
Coronavirus Stimulus Round 2: $600 Payments Now in Process: Deposits Start Dec. 30
The second round of Coronavirus stimulus payments, $600 for most taxpayers, have started being processed, the U.S. Treasury Department has announced. People could receive them as early as Wednesday, Dec. 30, 2020.
January 1, 2021
3 Simple Tips to Help Your Practice Reduce Manual Data Entry
Three easy tips to reduce manual data entry and some benefits of automation.
December 31, 2020
Tax Resolutions for the New Year
2020 is probably a year that many will gladly put behind them and wish for a better 2021. However, rather than just wishing for a better 2021, there are some steps that you can take that might help you make that wish a reality.
December 31, 2020
IRS Whistleblower Program Recovered $472 Million from Tax Cheats in 2020
The Internal Revenue Service’s Whistleblower Office has released its 2020 Annual Report documenting over $86 million in payments to 169 whistleblowers in 2020. The IRS whistleblowers were responsible for recovering over $472 million in back taxes.
December 30, 2020
5 Myths About Cloud Accounting
One challenge for accounting firms is the tendency to keep using legacy softwares that their clients previously used. After all, it isn’t broken, why fix it? The problem with that logic, however, is that it keeps many companies obsolete when there are ...
December 29, 2020
67% of Employers Planned on 2020 Year-End Bonuses, According to Survey
The research also revealed that more than half of senior managers surveyed (57%) said their company suspended salary increases as a result of the pandemic. However, of those, more than one-quarter (27%) anticipated reinstating them by year-end 2020, and..
December 29, 2020
The 3 Biggest Lessons From COVID-19 for Accounting and Finance Pros
This has been a year of unprecedented disruption and change, a lot of which will still be with us in the new year, as well. Remote work, for example, isn’t going anywhere. So organizations should be looking to proactively invest in tools and systems to...
December 29, 2020
How a Domain Name Change Impacts Search Rankings
You may have heard some buzz about the top-level domain “.CPA” promoted by the AICPA. It’s an exciting thought, but how might it impact your firm?
December 29, 2020
Uncover New Opportunities from a Return on Experience
Incorporating automation in your back office is a good way to tackle ROI and ROE simultaneously. When you have removed mindless tasks from your AP team's plates, they are free to spend their energy on more interesting, strategic, and valuable tasks.
December 29, 2020
Reviews of Hosting Systems for Accounting Firms
As we all are dealing with the near universal push to remote in 2020, everyone has had to figure out overnight how to work virtually or remotely, and, for some, their tech stack made this conversion.
December 29, 2020
Determining the Date of Assessment for IRS Collection Purposes
Generally, the statute of limitations (SOL) on IRS collection enforcement is ten years from the date the tax is assessed. In the Internal Revenue Manual (IRM), the IRS refers to the date that ends the period in which collections may be enforced as the ...