For calendar year 2014, the annual limitation on deductions under §223(b)(2)(A) of the Internal Revenue Code for an individual with self-only coverage under a high-deductible health plan is $3,300, up from $3,250 in 2013.
According to a new study, the amount of the mortgage interest deduction for taxpayers differs widely across the country, with the biggest deductions claimed by those living along the east and west coasts.
If there's one CFO who bucks the stereotype of the nerdy accountant, it's Cathy Shoenfeld, who takes full advantage of the Rocky Mountains where she lives and works. She won a new contest sponsored by CBIZ this year called Behind the Numbers – The Secret Lives of CFOs.
According to the 2013 North American Top Technology Initiatives Survey conducted by AICPA and CPA Canada, managing and retaining data topped the list of ten technology initiatives for accounting firms in the United States and Canada.
Despite three subsequent Windows releases, Windows XP remains the second most popular operating system version. Regardless, the 38 percent of computer users currently relying on Windows XP will soon need to move to a modern operating system, or risk exposure to malware.
A federal court in Los Angeles has entered an order permanently barring John Trunzo from preparing federal income tax returns and other tax-related documents for others, the Justice Department announced April 30.
In an effort to expand its real estate practice, New York City–based national accounting and advisory firm Marcum LLP has merged with Cornerstone Accounting Group, a real estate accounting and assurance firm also based in Manhattan. Financial details of the merger were not disclosed.
As a result of concerns from stakeholders, the FASB has issued a proposal to defer indefinitely the effective date for certain disclosure requirements for nonpublic employee benefit plans in the plan sponsor's own equity securities. Individuals or organizations can comment on the proposal until May 31.
Jeff Davidson, "The Work-Life Balance Expert," had some extra time on his hands this week and had probably heard one too many voice mail greetings. Here's his solution to run-of-the-mill recorded greetings.
Handling a client meeting with professional efficiency does not mean ticking through agenda items with military precision. The meeting needs to be handled with efficiency and finesse. Preplanning ensures the meeting will be productive and efficiently managed.
Feeling a little paunchy around the middle or particularly irritable when you pull into work in the morning? Don't blame it all on processed sugar or your two-hour commute. A recent AICPA survey found money worries are making many Americans impatient, unhealthy, and sleep deprived.
Accounting students who will graduate in 2013 will be the beneficiaries of an average starting salary that has increased by 7 percent over last year, according to the National Association of Colleges and Employers (NACE).
A ruling in a San Francisco federal court on April 29 allows the IRS to seek information on US taxpayers who may have offshore bank accounts in the Caribbean. Judge Thelton E. Henderson authorized the IRS to serve a "John Doe" summons on financial services firm Wells Fargo & Co.
While there's comfort in talking with like-minded individuals and supporters, greater progress is made when being inclusive and inviting to prominent seats at the table those who are unaware of issues or who might have biases.
The Second Annual Ultimate Accounting vCon will be held on May 16-17 in the comfort of participants' own offices. The Cloud-based Ultimate Accounting vCon is the brainchild of Michelle Long and Sandi Smith Leyva, two popular accounting industry speakers.
What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
This is the groundbreaking virtual conference that gives you the experience of attending a major national conference without having to travel or leave your office. We're gathering national-caliber speakers from the accounting profession to share their knowledge and insights with you. We promise each session will contain valuable takeaways you can implement in your practice immediately.