by Lyle K. Benson, Jr., CPA/PFS CPAs are forward-thinking and relationship-oriented professionals. Taking the time with individual clients to think about their needs holistically has been a growing trend in the profession over the past decade, leading to the many new areas that now benefit mightily...
Reports prepared by public company auditors will contain more information for investors and other financial statement users as a result of new rules approved 6/1/17 by the PCAOB during an open meeting in Washington. Under the new PCAOB standard and related amendments, the auditor's report will...
Here’s a summary of the most recent enhancements in QuickBooks® Online (QBO). by Adeline Bertrix A Brand New Navigational Experience in QBO and QBOA You will notice significant enhancements in many areas, including banking, sales (money in), expenses (money out), employees, reports, taxes, accounting and apps. In addition, the...
The AICPA National CPA Financial Literacy Commission Shares Insight on How to Beat the Real Threat of Fake Financial News If it’s on the internet and in ALL CAPS it must be true! Whether it’s the GUY WHO TURNED $10,000 INTO $20 MILLION or the HOT...
The IRS issued the inflation-adjusted figures for calendar year 2018 for the annual contribution limits for health savings accounts (HSAs) and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans (Rev. Proc. 2017-37). Under Sec. 223, individuals who participate in a high-deductible...
For those individuals who have opted to file extensions on their individual tax returns, there are a few things you need to know: Filing an extension does not extend the due date for the tax due. If you owe tax on your return, you are...
Fueled by passion and idealism, young adults have long sought to change the world for the better. A few select professions are often specifically associated with these types of endeavors: Doctors, journalists, and teachers readily come to mind. And every lawyer can cite big cases...
If you get health coverage on the market place and receive Premium Tax Credits should receive your form 1095-A, 1095-B or 1095-C’s in early 2017. Also, take note that the penalty for no health insurance has increased this year to the greater of: 2.5% of your...
Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents per mile for business miles driven, down from 54 cents for 2016 17 cents per mile driven for medical or...
You will never get a call or email from the IRS regarding your tax return, DO NOT give out any information at all over the phone. You can also visit the IRS website www.irs.gov/uac/Tax-Scams-Consumer-Alerts for more information. If you receive a notice in the mail from the...