NSAC Happenings and Latest News - Page 86
IRS Announces 2018 Pension Contribution Limits Under Tax Reform Act
The IRS announced that the 2018 dollar limitations on retirement plan contributions, outlined in IR-2017-177 and Notice 2017-64, were unchanged by P.L. 115-97, known as the Tax Cuts and Jobs Act (IR-2018-19). Although the new law made changes to the method of calculating cost-of-living increases, after applying the new methods, the contribution limits are unchanged from the ones announced in 2017. Therefore, the limit on ...
Read MoreBest Practices: 9 Strategies to Finally Get Your Email Under Control
Email is important, but it's not your only choice. I'm guessing that, by now, you've done a deep dive into your email account settings. You know all the filtering and labeling tricks. But those email hacks usually just organize you. They don't do a ton to limit how many legitimate emails you get every day. For that, you have to lay some ground rules that have nothing to do with checking or unchecking a box. 1. Use ...
Read MoreWork-life balance' top priority for millennials, global survey finds
A new global survey via professional services network World Services Group found that among young professionals in North America (as well as the rest of the world), work-life balance was the biggest priority in their professional lives, beating out wealth and leadership opportunities. The Generation Now Survey, which polled over 1,500 young professionals across 84 of the World Services Group's professional service firms, sought to ...
Read MoreWhen the New Corporate Tax Rate Kicks in: A Primer
The lower corporate tax rate under the new tax law spurred some confusion for corporations whose taxable years don’t begin on January 1. Tax professionals have been practically unanimous in their expectations for guidance from the Treasury Department on how to interpret and follow the new tax law. But on this issue — application of the new corporate rate to companies with a non-calendar taxable year — they ...
Read More7 proposed changes to the auditor's report
An auditor’s report gives lenders confidence that financial statements are free of material misstatement. But does the auditor’s report really tell the story of what the auditor did to gain assurance about the financial statements? Thanks to proposed changes to the auditor’s report, readers will gain a better understanding of what the auditor did and observed. The AICPA Auditing Standards Board (ASB) has released a set ...
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