HSA Amounts Increase for 2024
The IRS recently released Rev. Proc. 2023-23, issued pursuant to Sec. 223(g), announcing that the maximum contribution to a health savings account and certain associated amounts will be higher in 2024.
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State Small Business Credit Initiative 2.0 Expected To Launch in Tennessee
The American Rescue Plan Act of 2021 reauthorized the Small Business Jobs Act of 2010, which established the second installment of the State Small Business Credit Initiative.
View MorePrivate Company Practical Expedient for Valuing Share-based Awards
Over a decade ago, the FASB established the Private Company Council to address accounting concerns associated with private companies. The PCC works with the FASB in determining whether accounting alternatives or practical expedients for private companies are needed in the U.S. GAAP. The FASB has issued several Accounting Standards Updates as a result of its joint effort with the PCC.
View MoreIntegrating ESG Into Your Business Strategy
ESG stands for environmental, social and governance and is often used interchangeably with sustainability, corporate responsibility (CR), corporate social responsibility (CSR), and triple bottom line. Fundamentally, sustainable business practices consider the future effects of business policies and activities.
View MoreSourcing a Strong Candidate Pool Is Pushing Firms Outside Their Comfort Zone
Employee and candidate demands for a flexible schedule or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive.
View More5 Payment Process Improvements
Customer and client convenience demands more online payment methods. Consequently, we thought it was essential to understand these five payment process improvements.
View MoreIRS Says Improperly Forgiven PPP Loans Are Taxable
The IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan.
View MoreBudget 360 – It’s Time To Take a Big Picture Approach to the Process
I remember my very first budget meeting of the year. For 18 years, we went through the same type of budget exercise in which the company would ask each department to submit detailed reports, and Accounting would roll the budget up to see “where we were.”
View MoreEmployee Versus Independent Contractor
Traditionally, the classification of a worker as an employee versus an independent contractor has not been the focus of business management.
View MoreAICPA’s PEEC and ASB Issue New NOCLAR Requirements
The AICPA’s Professional Ethics Executive Committee and Auditing Standards Board recently issued new requirements regarding noncompliance with laws and regulations.
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