News
IRS Increases Health Savings Account Limits for 2027
2+ hour, 7+ min ago (400+ words) The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases. In'Revenue Procedure 2026-24, the IRS says the annual limitation on deductions for 2027 for an individual with self-only coverage under a high-deductible health plan…...
Ohio Doctor Famous for Saying COVID-19 Vaccine Caused People to Become Magnetized Owes $698, 000 in Back Taxes
3+ week, 4+ day ago (354+ words) CLEVELAND, Ohio" AMiddleburg Heightsdoctor who sparked criticism for her opposition to vaccines was ordered to pay nearly $700, 000 for failing to pay taxes for three years. Sherri Tenpennymust pay back taxes for 2001, 2012 and 2013, along with penalties and interest, U. S. District Judge J. Philip…...
Why Fraud Keeps Slipping Through Local Government Oversight
1+ mon, 2+ week ago (306+ words) Home > Financial Reporting For professionals in the accounting and auditing fields, recent high-profile cases underscore the importance of understanding how fraud occurs within everyday workflows and how governance bodies can strengthen oversight to identify issues earlier. By Timothy Doyle, Partner,…...
Long-Term Care Affordability Sharply Worsening for Middle-Income Americans
2+ mon, 1+ week ago (265+ words) Older adults in states'with'the'least affordable'long-term care'can pay for about half the amount of care that older adults in states with'the most'affordable. Older adults in states'with'the'least affordable'long-term care'can pay for about half the amount of care that older adults in states…...
Social Security Cuts Backlog of Disability Claims by 30%
2+ mon, 3+ week ago (438+ words) Improvements to the benefits claims process have cut through the delays and bureaucracy for thousands of Americans with disabilities, according to new data from the'Social Security Administration. The changes affect what's known as "disability adjudication," the process by which the…...
ADP Pushes Lawmakers to Extend Work Opportunity Tax Credit
4+ mon, 2+ week ago (472+ words) In a letter to the chairmen and ranking members of both tax-writing panels in Congress, ADP says it supports a five-year extension of the WOTC, which has been proposed in legislation by lawmakers in the House and the Senate In…...
Will Billionaires Really Leave California? Why Wealth Tax Backers Aren't Worried
4+ mon, 4+ week ago (961+ words) If passed by California voters in November 2026, the measure would impose a one-time tax of 5% on individuals with assets worth $1 billion or more. By Nicole Nixon The Sacramento Bee(TNS) SACRAMENTO, Calif. " The mere threat of a billionaire tax landing…...
Protecting Your Practice from Uninsurable, Uncovered Costs
6+ mon, 1+ week ago (660+ words) Home > Risk Management After five consecutive years of cuts, Medicare physicians can finally expect to see higher revenues in 2026. Following the passing of the One Big Beautiful Bill Act in July, Medicare physicians will observe a one-year 2. 5% payment increase for…...