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The Internal Revenue Service is giving financial institutions a break when it comes to notifying owners of individual retirement accounts about taking their required minimum distributions after a new law increased the age for taking RMDs from 70½ to 72.January 24
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Next time you meet with a client, instead of just making small talk or asking, “How’s the family doing?” take it a step further.January 24
PartnerL&H CPAs and Advisors
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U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.January 24
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The American Institute of CPAs’ Q4 2019 Personal Financial Satisfaction index (PFSi) has reached a new high for the seventh time in the last ten quarters after plummeting to record lows in the third quarter of last year, thanks to a late 2019 surge in the stock market.January 23
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At first, FloQast focused on smaller businesses, but today its software serves companies ranging in size from 200 to 10,000 employees.January 21
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A group of international accounting organizations is calling for improved reporting and action on the UN’s Sustainable Development Goals to hit the ambitious goals set for 2030.January 17
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They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam.January 17
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The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.January 16
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The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.January 16
