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.
February 28, 2022
New Jersey Society of CPAs Reminds Taxpayers of New Higher Education Tax Breaks
As of 2021, the total outstanding student loan debt for the 1.3 million New Jersey borrowers is nearly $50 billion, according to student loan education website Student Loan Hero. The average outstanding balance per borrower is estimated at more than ...
February 25, 2022
More Firms Adding Cloud-Based Practice Management Tools
Almost two thirds of accounting firms plan to adopt some form of cloud technology in the next two years to improve virtual collaboration, visibility and efficiency. Of those, one third are accelerating implementation within the next 12 months.
February 24, 2022
CPA Tales From the Front: Outsourcing and Workflow Technology
How one accounting firm made it through a crippling staff shortage.The heralding of yet another new year sends a jolt of anxiety back into the accounting business, as our “busy season” is just around the corner again. It’s time to confront the ...
February 23, 2022
CFO Optimism Down in Q4, Citing Inflation, Supply Chain and Labor Issues
A new survey from Grant Thornton LLP, one of the nation’s largest professional-services firms, reveals that many chief financial officers (CFOs) are preparing for a challenging 2022.
February 21, 2022
Tax Pros Aren’t Slow To Change, They Are Methodical Decision Makers
Claiming tax professionals are slow to change doesn’t capture the essence of the industry. They aren’t slow or behind, they are methodical and thoughtful about the changes they make because of the huge potential impact a specific change can have on ...
February 20, 2022
Deloitte Report Reveals Substantial Impact of Legal Entity Management on M&A Deal Terms
A company's performance on the underappreciated task of legal entity management — managing the books and records of its subsidiaries – can have a dramatic impact on the terms of M&A deals in which it is involved, according to research from Deloitte's ...
February 20, 2022
How to Attract and Retain Talent for Your Accounting Firm in 2022
Hiring and retaining talent in 2022 is more than just about salary. While money certainly matters, employees want to know their efforts are important and want to feel valued, appreciated, and respected.
February 17, 2022
BKD, DHG Accounting Firms Merge to Create Top-10 National Professional Services Firm
SPRINGFIELD, Mo. and CHARLOTTE, N.C., Feb. 17, 2022 /PRNewswire/ — The leading accounting firms of BKD and DHG today jointly announced they will merge to create a new, Top-10, national professional services firm with $1.4 billion in revenue, setting the stage for a national growth strategy. With complementary operations, geographies and nearly two centuries of legacy service between them, the two firms together will operate under...…
February 10, 2022
Is AI Still Too Expensive for Most Firms?
If you Google the meaning of AI, I strongly recommend you don’t click on some of the videos that appear if you’re on a company laptop, it’s really not something you’d want in your history. So, let’s park one definition here; if you wish for further ...
February 10, 2022
Use of Checks Drops by Businesses
Treasury and other financial professionals can now compare their costs of making and receiving seven types of payments--check, ACH credits and debits; wires; credit and debit cards; real time payments, and virtual cards--against benchmarks for ...
February 10, 2022
FICPA MEGA Conference Offers Innovative Learning for Today’s Accounting and Finance Professional
The Florida Institute of Certified Public Accountants (FICPA) MEGA Conference will be held online and on site at the Disney Contemporary Resort in Lake Buena Vista Florida, June 7-11, 2022.
February 9, 2022
Aliaswire Launches New Bank Account Validation Solution
The regulation was first announced by Nacha in March 2021 with a one-year grace period for compliance. As of March 19, 2022, ACH originators must use account validation as a “commercially reasonable fraudulent transaction detection system” to screen ...