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Accounting
Top stories summarized by our editors
10/15/2021

Health savings accounts offer multiple tax advantages, as well as other benefits. They don't have a use-it-or-lose-it mandate, and people 55 or older can contribute an extra $1,000.

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CNBC
10/15/2021

This item discusses how to apply Financial Accounting Standards Board standards concerning loss contingencies in the context of sales and use taxes.

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The Tax Adviser
10/15/2021

Some parents have reported missed payments or other issues with the advance child tax credit program. The Internal Revenue Service says a technical issue made 2% of recipients miss payments for September.

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CNBC
10/15/2021

When continuing professional education speakers are the same every year and the issues aren't completely relevant, it's time for a change. In this podcast episode with transcript, learn how one CPA got her staff CPE that was revamped, more meaningful and targeted.

10/15/2021

A significant proportion of people have quit their jobs this year, according to analytics company Visier, which notes many who have left had between five and 15 years of experience. Retention efforts should include measuring where attrition occurs and devising specific strategies to address concerns.

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CNBC
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Visier
10/15/2021

Nearly 7 in 10 Americans are expected to require some kind of long-term care. CPAs possess the skills to help clients find the best situation and the best price.

10/15/2021

People ages 45 to 54 have used telemedicine services most in Texas during the pandemic, with most users being injured men, according to the Workers' Compensation Research and Evaluation Group at the Texas Department of Insurance. The report notes a sharp increase in claims that have received at least one telemedicine service during the pandemic.

10/15/2021

A judge in Washington state has issued a summary judgment blocking an attempt by Insurance Commissioner Mike Kreidler to bar use of credit-based rating practices for quoting personal lines insurance policies. Kreidler's order, issued in March, applied to home, renters and personal auto insurance.

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Washington State Insurance
10/15/2021

The Securities and Exchange Commission has indicated it will assume a more aggressive posture in dealings with executives and others, increasing emphasis on seeking admissions of culpability in certain situations. "We will, in appropriate circumstances, be requiring admissions in places where accountability and acceptance of responsibility are in the public interest," Enforcement Director Gurbir Grewal says.

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Reuters
10/15/2021

Colorado has received approval to update its essential health benefits package to include gender confirmation. Other states have acted to set minimum requirements for coverage of gender confirmation, but officials say Colorado is the first state to update its essential health benefits package in this manner.