April 3, 2017

NEWS ROUNDUP

3 Reasons Why Offering Subscription Accounting Makes Sense for Your Practice Rather than leaning on the flexibility of your hourly-based a la carte services, what if you could set up your practice in such a way that all your clients paid you...
April 2, 2017

Taxpayers Must Take Required Retirement Plan Distributions by April 1

The IRS is reminding taxpayers who turned age 70½ during 2016 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Saturday, April 1,...
April 1, 2017

Proposed Bill Would Change Social Security COLA Formula

The U.S. government has a measure for seniors' living costs, but does not use it when giving Social Security recipients an annual cost-of-living adjustment (COLA). A bill introduced by Rep. John Garamendi (D-Calif.), is designed to correct this. The...
March 31, 2017

DOL Issues Bulletin to Clarify Near-Term Fiduciary Rule Compliance

The Department of Labor has issued an enforcement memorandum intended to ease compliance concerns related to its fiduciary rule in the near term, as the agency reviews the rule and decides whether or not to delay it. John Canary, the DOL's director...
March 30, 2017

Federal Budget Proposal Doesn’t Bode Well for Nonprofits

President Donald Trump’s first federal budget proposes deep cuts in discretionary spending to many departments that impact nonprofits while boosting financial support to defense, homeland security and veterans’ affairs. The budget...
March 29, 2017

AICPA Survey: Most Business Executives Prefer Repeal of Affordable Care Act

Most business executives want to see the Affordable Care Act (ACA) repealed, a survey of CEOs, according to an AICPA survey of CFOs and other senior-level CPAs. But they also expect their company’s health care expenses to rise this year and...

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