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Role of Financial Controller on the Cusp of ‘Significant Change,’ EY Survey Finds
Thomson Reuters Teams Up with Validis and Unveils Suite of AI-Powered Solutions For Auditors
Accountants Taking Leading Role on AI as Investments Increase
FASB Aims to Clarify Certain Aspects of Hedge Accounting Rules
8 Ways Electronic Payments Are a Better Way to Optimize Cash Flow
While maintaining strong relationships with suppliers should always be a priority, it has never been more important, given current supply chain issues. Suppliers rely on fast access to payments to fund the production and distribution of goods that ...
2022 Taxes: Teacher Expense Income Tax Deduction Raised to $300
This is the first time the annual limit has increased since the special educator expense deduction was enacted in 2002. For tax-years 2002 through 2021, the limit was $250 per year. This means for people currently filing their 2021 tax returns......
8 Accounting Workflow Checklists to Streamline Your Firm
As your accounting firm grows, do you find yourself struggling to delegate work, maintain work quality, and drive productivity across your team? If you struggle in these areas, It could be due to a lack of standardization of your accounting workflows ...
Nearly Two-Thirds Say Affordability Factors are Holding Them Back From Homeownership
Generationally, millennials (ages 26-41) are the most likely to blame high home prices (44%). Gen Xers (ages 42-57) most frequently cite lack of income (41%), high home prices (40%), and to a greater extent than other age groups, to say they are unable...
Secure Act 2.0: Bipartisan Law Could Improve Retirement Savings Options
A new bill in the House of Representatives, the Securing a Strong Retirement Act of 2022, includes a number of provisions for retirement-savers. The proposed legislation has been dubbed “Secure Act 2.0”...
It’s Wise to Get a Cost Segregation Study Before Time Runs Out
One way you can offer more value to your clients starting today is by providing them cost segregation studies. Cost segregation is an accounting method that recognizes the fact that a building depreciates, or loses value, over time due to everyday wear...
6 Business Payment Trends in 2022
The new imperatives of work from home drove more change in the long overlooked area of B2B payments than we’ve seen in decades. But there’s more room for improvement. This is a huge market --$22 trillion domestically-- where ...
April 1 is Last Day for New Retirees to Take RMDs
For retirees who turned 72 during the last half of 2021, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.