The Internal Revenue Service issued its annual inflation-adjusted amounts Friday for health savings accounts next year as the inflation rate surged to the highest level in decades. In Revenue Procedure 2022-24, the IRS said for calendar year 2023, the annual limitation on deductions for an individual with self-only coverage under
Bloomberg Tax & Accounting has released Workflow Automation, an enhancement to its Bloomberg Tax Fixed Assets solution that essentially automates the challenging and error-prone process of manual data input for processing fixed assets transactions for both financial and tax accounting. Workflow Automation for Bloomberg Tax Fixed Assets was built to
Michael Azzato Michael Azzato was hired as a tax staff accountant, Ethan Clark as audit staff accountant, and Scott Romberger as client advisory services senior advisor at Brown Schultz Sheridan & Schultz, Camp Hill. Stambaugh Ness, East York, was named a Deltek Customer Acquisition Partner of the Year. Isdaner &
Big Four firm KPMG published its inaugural U.S. Impact Plan on Friday, outlining its environmental, social, and governance strategies across four main areas: people, planet, prosperity and principles of governance. KPMG International previously released its Impact Plan in 2021. The U.S. plan includes goals to invest $125 million over five
Over the past several years, there have been roughly 1,500 mergers of CPA firms, and those are just the ones that have garnered headlines in the consumer and business press. There are probably hundreds of affiliations between small firms that flew under the radar, and that frenetic pace of unions
In addition to the fantastic networking opportunities and engaging content agenda you’ll find at the AccountingWEB Live Summit this May in San Diego, we also have exhibit halls filled with vendors who offer the latest technology that will solve your problems and help you work more efficiently. This week, we
Former President Donald Trump appealed a New York judge’s ruling holding him in contempt of court and imposing a $10,000 daily fine for failing to comply with a subpoena in a civil fraud investigation. The challenge, filed Wednesday in Manhattan, seeks reversal of an April 25 finding that Trump violated
When the service professionals in different accounting firm departments are allowed to seek out and implement their own solutions, technology winds up being siloed in different service lines, which can have a seriously negative effect on the firm. Too many solutions and apps. The firm winds up with too many
Software alone has not been able to give tax accountants what we need. It costs a lot to develop, industry adoption is traditionally low and, technically speaking, it’s just really hard to get a good grasp on changing tax laws. But that’s all changing now! A shift is happening in
Advisory services are a hot topic for accounting firms. Don’t overthink whether to offer this service – the unscheduled calls and emails you receive from clients asking for your input is proof that you already advise them. So why not build it into your service offering? According to Intuit, 74
