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.
June 12, 2019
3 Benefits Technology Brings to Financial Reporting and Planning
Financial management is steering away from the old days of paper-based, manual processes and into an increasingly digital world – and for good reason. We live in a digital economy where nearly every facet of life – including financial management ...
May 21, 2019
AICPA Comments on IRS Rules for Qualified Transportation Fringe Benefits
The AICPA explained in its letter that the TCJA amended Internal Revenue Code section 274(a)(4) so that no deduction is allowed for the expenses of any qualified transportation fringe benefit (QTF) provided by a taxpayer to an employee. Under ...
May 7, 2019
Summer Benefits that Employees Want the Most
What do workers want from their employers this summer? In a recent survey from staffing firm Accountemps, employees said the best summer perks their companies could provide to them are flexible ...
February 22, 2019
The Benefits, Perks and Incentives Workers Want Most
Accounting managers understand the persuasive power of a competitive salary when wooing top talent. But it doesn’t stop there. Benefits, perks and incentives can also be deal-makers. Highly skilled accountants and auditors want a well-rounded package ...
January 31, 2019
Virginia CPA Firm Launches Extensive Employee Benefits and Perks Program
New employee benefits include paid parental leave and paid bereavement leave. Administrative and paraprofessional staff will receive the benefit of an additional week of paid time off after five years of service. This is in conjunction with five weeks PTO
January 31, 2019
2019 Workplace Trends on Benefits, Pay Equity and More
Employees are split on the most complicated aspect of making annual benefit elections: 29 percent say it’s keeping up with plan changes; 28 percent say it’s trying to predict personal and family needs; and 28 percent say it’s evaluating all of the ...
December 17, 2018
IRS Gives Relief to Nonprofits for Transportation Benefits
Prior to the TCJA, nonprofits and for-profit entities could provide certain transportation benefits to employees that were excluded from tax, up to a stated monthly amount, and deductible by the organization. The maximum exclusion, which was indexed ...
December 17, 2018
IRS Offers Guidance on Parking Fringe Benefits Expenses
The new rules assist taxpayers in determining the amount of parking expenses that are no longer tax deductible. They also help tax-exempt organizations determine how these nondeductible parking expenses create or increase unrelated business taxable ...
December 14, 2018
8 Benefits of Enhancing Daycare Record Keeping
Time-consuming administrative tasks like staffing, daily planning, and payment collection can slow a daycare down and, at times, even grind the operation to a halt. Keeping physical records is likely the norm for no other reason than that it is how ...
December 1, 2018
Workers Prefer Improved Benefits Over Extra Salary, Says AICPA Survey
When it comes to finding the perfect job, a newly published American Institute of CPAs (AICPA) survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests it’s about a lot more than the money. And with three in ten employed ...
November 14, 2018
Square Payroll Adds Benefits Offerings for Small Businesses
Square has launched employee benefit offerings within Square Payroll, providing small businesses who use Square Payroll access to quality, affordable benefits like health insurance and retirement savings. Benefits are flexible, easy-to-use, and ...
October 15, 2018
Streamlined Workflow and Automation: Two Important Benefits of the New Cloud
The cloud is poised to revolutionize Client Accounting Services (CAS). With a desktop system, bill payment and bookkeeping for a substantial number of clients is a daunting task. Getting invoices and source material, entering data, and printing and ...