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  • November 6, 2019

    The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020.

  • October 30, 2019

    Businesses providing goods and services that are subject to excise tax must file a Form 720 quarterly to report the tax to the IRS.

  • October 25, 2019

    Tools to increase your cybersecurity IQ, learn about service opportunities in the financial planning space, master audit risk assessment and more.

  • October 24, 2019

    Chairman Dave Vaudt and Director David Bean discuss what to look for on GASB current projects and research activities. Also, they highlight a number of current opportunities to share feedback and input with the Board.

  • October 24, 2019

    Taxpayers should be on the lookout for new variations of tax-related scams. In the latest twist on a scam related to Social Security numbers, scammers claim to be able to suspend or cancel the victim’s SSN. It’s yet another attempt by con artists to frighten people into returning ‘robocall’ voicemails.

  • October 17, 2019

    Comments on Proposed Amendments to Alabama Administrative Code Rule 810-6-1-.37, Computer Hardware & Software

  • October 16, 2019

    Recently, Representatives Kathleen Rice (D-N.Y.) and Andy Barr (R-K.Y.) introduced the Fiscal State of the Nation resolution, H. Con. Res. 68, with 103 additional co-sponsors. It provides “for a joint hearing of the Committees on the Budget of the House of Representatives and the Senate to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the executive branch.” The resolution ensures that members of Congress are made aware of the information in the federal financial statements and helps them to better understand how current and/or future policy may affect the nation’s long-term fiscal health.

  • October 3, 2019

    Oct. 15 extended deadline for filing returns is especially challenging this year under new tax law

  • September 27, 2019

    Don’t let these common errors derail your members’ next audit (or their next peer review). Peer reviewer Rick Reeder has reviewed thousands of audits in his career, and, in a new AICPA Insights article, he’s shared his best documentation advice.