NSAC Happenings and Latest News - Page 84
Inflation Adjustments and Tax Tables Issued for 2019
The IRS issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts (Rev. Proc. 2018-57). These adjusted amounts will be used to prepare tax year 2019 returns in 2020. Many amounts are increasing for inflation in 2019. The standard deduction will increase to $24,400 for married individuals filing joint returns or surviving spouses, $18,350 for heads of ...
Read MorePassword Management - Quick Reference for CPAs
Each time you create a password at work, remind yourself how much sensitive company data you have in your care. From names, addresses, dates of birth, and Social Security numbers to tax and financial information, and business entity details—you’re tasked with protecting some of your company's most valuable data. And your network and system security is only as strong as the passwords you create. DOs Do use a passphrase instead ...
Read MoreIf You Think What You Do On Your Work Computer Is Private, Think Again
It's possible you could be kissing that bonus goodbye. Just as your digital imprint can snarl up your job hunt, what you do at work can impact your professional persona. Most employees know they shouldn't be spending much time at work sending personal emails or shopping on Amazon. Those who think of it may take the trouble to clear their browsing history, according to a survey by Simply Hired, a job-search site. But that may not do as much to ...
Read MoreThe Potential of Blockchain: What Accounting Execs Need to Know
In its 2017 Hype Cycle for Emerging Technologies, Gartner estimates it will take five to 10 years before there's mainstream adoption of blockchain. However, major players in the financial services industry are already seeing benefits from the technology, using blockchain as a game-changing “trust protocol” for financial transactions and keep pace with regulatory processes. In addition, many companies are starting to work with ...
Read MoreNew Relief for Drought-Stricken Farmers, Ranchers: IRS
Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer tax on gains from the sales, according to the Internal Revenue Service. The one-year extension gives eligible farmers and ranchers until the end of the tax year after the first drought-free year to replace the sold livestock. The farmer or rancher must be in an applicable region -- a county designated as eligible for ...
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