Retirement September 30, 2026
History of Social Security COLAs
The predicted 2027 cost-of-living adjustment of 3.5% would rank 19th among the increases implemented since 1977, the first year Social Security began calculating the annual boost.
August 19, 2020
Coronavirus Unemployment Payments are Taxable: Be Prepared by Withholding
By law, unemployment compensation is taxable and must be reported on a 2020 federal income tax return. Taxable benefits include any of the special unemployment compensation authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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August 19, 2020
What to Look for with eSignatures
In 2020 they’re needed more than ever for companies to still conduct business remotely. Adapting compliance standards allow businesses in any industry to use eSignature platforms to stay effective.
August 18, 2020
VoIP Phone Systems: The Latest Communication Tools for CPAs
Many CPAs are turning to the latest communications systems in order to communicate effectively with clients. VoIP, which stands for voice over internet protocol, is literally changing the way CPAs communicate.
August 16, 2020
SSI and Other Benefit Recipients Get Second Chance to Request Coronavirus Stimulus Payments for Child Dependents
The IRS says it is looking for ways to help people who were unable to provide their information in time to receive Economic Impact Payments for their children. As part of that effort, the Internal Revenue Service announced today it will reopen the ...
August 13, 2020
Impact of COVID-19 on the Foreign Income and Housing Exclusions
As a general rule, if you have clients who are U.S. citizens or resident aliens, and they live abroad, they are taxed on their worldwide income. However, they may qualify to exclude from income up to $105,900 for tax year 2019 ($107,600 for tax year 2020)
August 13, 2020
Wolters Kluwer Launches CCH Axcess Knowledge Coach PCR
CCH Axcess Knowledge Coach PCR allows accountants to maximize efficiency by combining industry-specific guidance with a powerful and dynamic workflow engine to guide accountants dynamically and efficiently through the entire process ...
August 12, 2020
Health-Related Benefits Under the CARES Act
For services provided on or after Jan. 1, 2020, and for plan years beginning on or before Dec. 31, 2021, high-deductible healthcare plans (HDHPs) with HSAs provide coverage for telehealth or other remote care services without a deductible or having to ...
August 11, 2020
Five Ways Sales Leaders Respond to Crisis
It’s impossible for anyone to sell every customer, every time. By increasing the number of opportunities you have, you greatly increase your profit potential and your network of satisfied customers.
August 11, 2020
Wolters Kluwer Launches CCH Axcess Quick Start for Smaller Firms
Built specifically for firms that employ up to four tax and accounting professionals, this expert solution transforms how small accounting firms operate. It combines the proven cloud-based tax preparation capabilities of CCH Axcess Tax with the ...
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August 9, 2020
President Trump Signs Executive Orders to Extend Unemployment, Defer Payroll Taxes
President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy.
August 6, 2020
10 Financial Planning Takeaways from AICPA ENGAGE 2020
Here are ten key takeaways that emerged from the Advanced PFP track with a focus on helping CPA financial planners guide their clients and their practice in this time of uncertainty.
August 5, 2020
It’s Time to Revisit the Benefits of Virtual Cards for Payables
Automated solutions wrap all payment types into a single workflow, making it easy to offer several options to suppliers without adding to AP’s daily workload. Because suppliers are continuously enabled for electronic payments via a ...