The Internal Revenue Service released the inflation-adjusted amounts for health savings accounts and health reimbursement arrangements for 2027 on Friday, generally increasing the limits somewhat from 2026. Processing Content In Revenue Procedure 2026-24, the IRS said the annual limitation on deductions for 2027 for an individual with self-only coverage under
Tax automation solutions provider Avalara announced Hugo Sarrazin as its new CEO, replacing Scott McFarlane, Avalara’s co-founder and original CEO, who will become an advisor to the company. Processing Content Sarrazin most recently served as president and CEO of Udemy, an online education platform, leading the company ultimately through its
Most accountants came out of tax season measurably damaged, according to a new index. Processing Content The Tax Season Survival Index, a new assessment tool created by thought leader Hitendra Patil, benchmarked over 400 accountants and tax professionals in the aftermath of the 2026 filing season in terms of five
Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers. Processing Content Global tax gods Don’t Mess With Taxes: The global tax gods apparently got together and decided to make the financial lives of some wealthy celebrities easier. Donald Trump and Shakira both
Ferdinand Pecora did not wait for a regulatory framework to exist before he started asking questions. Processing Content In January 1933, Pecora became counsel to the Senate Banking Committee and was tasked with investigating the causes of the financial collapse. Instead of forming a working group or creating a framework,
Jim Bourke speaking at the 2026 Firm Growth Forum Client accounting services isn’t just one of the most successful new practice areas an accounting firm can launch, says industry expert Jim Bourke: It can also turbo-charge a much wider advisory practice. Processing Content “CAS is a growth engine,” Bourke told
Staff at LevitZacks, a 2025 Best Firm to Work For The deadline for submissions for Accounting Today’s and Best Companies Group’s annual ranking of the Best Accounting Firms to Work For is fast approaching, with the final date for signing up being this Friday, May 29. Processing Content The list,
The accounting profession has spent the past few years debating whether private equity represents an opportunity or a threat. The market may now be offering an opinion — and it deserves more attention than it has received. Processing Content CBIZ’s stock has declined significantly from its 2025 highs, yet the
IRS impersonation; Lootland; conduit scheme; and other highlights of recent tax cases. Processing Content Atlantic Highlands, New Jersey: Joseph Manzi, the former director of finance, operations and development for the Church of Saint Leo the Great in Lincroft, New Jersey, has pleaded guilty to embezzling more than $1 million from
Big Four firm KPMG announced an exclusive alliance with Anthropic to embed Claude Cowork into KPMG’s global client delivery platform, beginning with new capabilities for tax and legal clients. Processing Content “At KPMG, we’re innovating and redefining how work gets done,” said Bill Thomas, global chairman and CEO of KPMG