- 2018 pension plan contribution amounts are announced
- The Internal Revenue Service released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018. While some limits remained the same as 2017, many were raised to reflect cost-of-living increases.
- IRS issues 2018 inflation-adjusted tax tables and many other tax provisions
- The Internal Revenue Service issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year, including the tax tables and the estate tax exemption.
- Close Senate vote eases path for Trump tax cuts
- The Senate has voted 51-49 to approve a budget blueprint for fiscal 2018 that opens the door to adoption of tax cuts proposed by President Donald Trump without Democratic votes. The measure needs reconciliation with a version passed by the House...
- Tax reform: 4 action steps to take as the legislative clock ticks
- There are a steps that chief tax officers and chief finance officers can take now to be better prepared for when the legislation arrives. (FEI)
- What are auditors looking for this year?
- As the prime audit season approaches, big changes in business, the economy, technology, and regulations point to an assortment of red flags for auditors. (CFO)
- CPA life hacks to keep from getting hacked
- It's Cybersecurity Awareness Month! Check out three ways you can protect yourself and your clients. (AICPA Insights)
- What goes into purchasing a cyberinsurance policy
- A company's board of directors and CFO are in a position to determine how much cybersecurity insurance a business needs. Companies should regularly review their cybersecurity practices and let insurers know if their approach changes. (CFO)
- Impact of FASB's pension cost accounting rule change
- The Financial Accounting Standards Board (FASB) introduced a new accounting standard that requires companies to present service cost as the only operating component of periodic pension costs on the income statement. (Forbes)
- IRS will enforce health coverage reporting on 2017 returns
- The IRS updated its page on health care reporting requirements to inform taxpayers and tax practitioners that it will not accept electronically filed 2017 individual income tax returns unless taxpayers indicate that they and everyone on their...
- Tax reform: Proposal to end estate tax renews wealth debate
- The estate tax amounts to a rounding error in the federal budget, but the levy paid by precious few taxpayers plays an outsized role in the debate over growing income inequality and tax reform. (CPA Practice Advisor)