The IRS has announced (in Rev. Proc. 2021-36, pg 357) that the ACA affordability threshold will decrease to 9.61% starting January 1, 2022. The threshold was previously 9.83% in 2021. This decreased threshold translates into higher employer contributions towards their…
Many companies have decided to "go green" in recent years. The motivation for adopting more eco-friendly business practices can be both financial and out of a desire to be more responsible corporate citizens. More than half of consumers (57%) would…
A number of states and individual taxpayers sought to challenge the constitutionality of a provision in the Affordable Care Act (ACA). In a 7-2 decision, the U.S. Supreme Court has ruled that both the state and individual plaintiffs lacked standing to challenge…
Andrew Spikes talks with Accounting Today reporters about how Mize CPAs has leveraged RPA (Robotic Process Automation) to save the firm over 2,500 within the first year, allowing professionals to focus more time and energy helping clients. You can read…
As you may have heard, there are significant changes to tax filing and payment deadlines. Federal The Internal Revenue Service (IRS) recently issued guidance allowing all taxpayers (this includes individuals, estates, trusts and corporations) to defer payment of federal income…
The US District Court, Eastern District of New York has preliminarily approved a proposed settlement of up to $6.24 billion and not less than $5.54 billion in a class-action lawsuit. The lawsuit claims that merchants paid excessive fees to accept…