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.
July 7, 2020
Automation Continues to Drive Use of Electronic Payments by Businesses
Annual B2B payment volumes in the US are estimated at approximately $25 trillion. The related business processes can be complex and high invoice volumes supported by under-staffed finance teams and manual methods can ...
July 7, 2020
New Paychex Products Address Evolving Workplace Norms Due to COVID-19
According to a recent Paychex poll, nearly one-third of businesses plan to allow remote work post-pandemic. The same study found that 23 percent of organizations plan on permanently increasing their use of technology to improve employee productivity.
June 30, 2020
Does Providing Tax Services Compromise Auditor Independence?
As a new study in the journal Accounting Horizons observes, regulatory actions have likely "created an atmosphere that motivated companies to reduce or eliminate tax fees paid to audit firms to bolster the appearance of independence in ...
June 30, 2020
Why All Accounting Should be Moved to the Cloud
The coronavirus has caused every accounting team to vastly change the way they operate. Luckily, with the help of the cloud, accounting teams are able to stay efficient and flexible now and into the future.
June 30, 2020
Bill.com and CPA.com Report Shows Trends for Accounting Advisory Services
The report is based on the responses of more than 650 accountants and business professionals across the nation and offers valuable pricing benchmarks and emerging trends for firms of all sizes while showcasing the shifting expectations on what ...
June 30, 2020
Covid-Normal: Worker Stress, Work/Life Balance and Productivity Start to Stabilize
For workers currently employed, this new “normal” has many working remotely, forced to adjust to how they get work done. Those required to work remotely responded that the ability to complete tasks and connect with others was severely impacted due to technology issues, lack of necessary equipment to work effectively, and distractions.
June 29, 2020
63% of Workers and Managers Say Productivity Has Risen or Stayed Same Since Covid
All companies surveyed, even those without a culture for remote work, had to manage employees working from home. They faced common challenges, including lack of face-to-face supervision, distractions at home, and social isolation.
June 29, 2020
Gender Diversity Drives Firm Success
Firms that promote gender diversity have higher rates of engagement, productivity, and stronger financials than non-inclusive firms. Yet, only 24 percent of partners in accounting firms are women despite making up about sixty percent of the ...
June 26, 2020
Distilleries in New York May Soon Obtain DTC Licenses
The current allowable DTC rules for distilleries (8 states), breweries (10 states), and retailers (16 states) are substantially different than those for wineries (46) states. Whereas wineries can ship directly to 97% of the U.S. population, ...
June 25, 2020
IRS Offers Limited-Time Settlement for Syndicated Conservation Easements
The Internal Revenue Service Office of Chief Counsel has announced a time-limited settlement offer to certain taxpayers with pending docketed Tax Court cases involving syndicated conservation easement transactions.
June 25, 2020
What to Do if You Can’t Pay Your Taxes Because of Coronavirus
The survey also found that more than a third of taxpayers (37%) do not have the resources to pay 2019 taxes owed despite the deadline being extended to July 15th.
June 25, 2020
With July 15 Deadline Approaching, 37% of Taxpayers Can’t Pay Because of Covid
A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.