The numbers are in: Among other changes, the IRS has announced that the limit on 401(k) plan deferrals for 2022 is increasing by the hefty amount of $1,000. But the limits on contributions to IRAs are remaining the same (IR-2021-216, 11/4/21). Here are the details: The contribution limit for employees who
If you’re just joining us, go back to part one for an overview of medical-expense deductions for people with disabilities and how to advise clients who pay for medically mandated home improvements or the installation of accessible equipment or facilities in their home. Part two will focus on deductibility of
This article is a guide to three significant attributes that can help CPAs improve audit quality and minimize exposure to professional liability. For a bit of background, the auditing and accounting profession has focused on reducing exposure to professional liability since the profession’s beginning. Errors and omissions insurers offer guidance
Intuit ProConnect has released The Path to Advisory, a comprehensive, free online guide available through the Intuit ProConnect Tax Pro Center to help firms lead with planning and advisory services. The guide contains collective knowledge from tax professionals who help lead and shape positive change in the profession to help
Clients that are Social Security recipients are set to see significantly higher payments in 2022, but the downside to this news is that the increase is caused by a higher cost of living. For many recipients, this can translate into more than $1,000 in annual increase. This increase would appear to benefit
The public accounting industry is notorious for long hours, late nights, and an overwhelming amount of stress. CPAs get stuck in their offices trying to gather information from clients and put last year’s numbers on last year’s forms. Especially with all the changes to taxes and financials during COVID-19, CPAs
In today’s market, it can be hard to not only retain your top talent, but also to find and hire qualified and skilled candidates. From employees looking to make career changes to candidates considering job offers, workers are looking at more than just compensation. According to a new survey from staffing
Wolters Kluwer Tax & Accounting has launched CCH Axcess™ Marketplace to help firms find solutions that integrate with their CCH Axcess™ data. A new developer portal is also available for application developers and technology integrators so they can accelerate their use of the CCH Axcess™ open APIs already available to
Talent is in short supply these days. Forbes mentions that talent shortage in the US is at a 10-year high. There are several reasons this has happened, from a lack of adequately trained employees to take over from retirees to simply not enough good remuneration packages. Talent shortage might not
Accounting WEB wants to remind the accounting community that October was National Disabled Employees’ Month. Ditto for next October and succeeding ones. I want to help Accounting WEB emphasize that reminder. Accounting firm’s client rosters typically include individuals with disabilities. Clients who are disabled or have family members with disabilities