Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes March 31, 2025
Trump Orders Treasury and IRS to Eliminate Paper Checks
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Payroll March 31, 2025
Taxpayer Absorbs Full Tax Weight on Hardship Distribution
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Payroll March 31, 2025
Patriot Payroll Ranks First for Payroll Tax Filing
U.S. News & World Report compared price, tax filing support, integrations and automations, and more to determine which popular payroll software options made the 2025 Best Payroll Software list.
Accounting March 31, 2025
insightsoftware Announces Global Expansion of JustPerform Financial Platform
The financial performance platform is now available in APAC, North America, the UK, and Ireland. (The company instentionally spells it's name in lower case.
Taxes March 31, 2025
IRS Data Shows Tax Refund Amounts Are 4.6% Higher This Tax Season
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.
Accounting Standards March 31, 2025
AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement
The revised language clarifies that while not required to be applied, the accountant is not precluded from applying AR-C section 70, in whole or in part.
Payroll March 31, 2025
Why Trusting Social Media for Financial Advice is a Terrible Idea
While social media may be a popular way to access low-cost financial advice, it’s a horrible resource for a number of reasons—here’s why.
Payroll March 31, 2025
Job Tenure is Down: Dos and Don’ts Before You Quit
Job tenure is decreasing, according to a Bureau of Labor Statistics analysis. Workers leaving their jobs should keep these financial considerations in mind.
Taxes March 29, 2025
Happy 50th Birthday to the Earned Income Tax Credit
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
Bank Secrecy Act Data Key to IRS-CI Cracking Many Financial Crime Cases
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
General News March 28, 2025
Consumer Spending Barely Rises, While Inflation Risk Rises
Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.
Payroll March 28, 2025
What is the Average Salary in Your State?
According to a recent study from SoFi, which looked at the highest-paying states in the country, employees in 12 locations—including Massachusetts, California, Connecticut, and Maryland—earn significantly more than the national average salary.