Explore the profound impact of the latest IFRS amendments on U.S. accounting firms and how they can improve compliance and financial transparency.
Read more...
Discover how accounting firms are embracing flexible work models to enhance productivity, employee satisfaction, and business continuity. Explore real-world examples and insights.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
Explore recent state income tax reforms in the US and their implications for businesses and accounting professionals seeking compliance and strategic advantage.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
The Internal Revenue Services has announced a $150-increase in contribute limits for Flexible Spending Arrangements next year. That will bring the total that can be contributed via payroll deductions to a maximum of $3,200.
If allowed by plans, employers can contribute to employee FSAs. Spouses with employers offering a plan can also contribute up to $3,200 to their plans so that married couples can jointly contribute up to $6,400.
For plans permitting carryovers of unused amounts, the maximum carryover from 2024 to 2025 is $640. A maximum of $610 can be carried over from 2023 through 2024.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind