The official blog of Abacus Group — a place to share our knowledge and thoughts on trends in recruiting

March 20, 2018

SEC Gives the Go-ahead on 2018 Reporting Taxonomies

The Securities and Exchange Commission has accepted the 2018 GAAP Financial Reporting Taxonomy and the 2018 SEC Reporting Taxonomy, the Financial Accounting Standards Board reported yesterday.

March 02, 2018

IRS Releases Updated Withholding Calculator and 2018 Form W-4

The Treasury Department and the Internal Revenue Service released the calculator on Wednesday. The calculator is designed to help people determine whether their employers are withholding the right amount from their paychecks, to avoid facing a large tax bill for 2018.

January 26, 2018

Tax Season is Upon Us: What You Need to Know

Taxes can be daunting but the trick is to be prepared and organized so as to be meticulous and error-free.

September 26, 2017

IRS Allowing Employers to Truncate SSN on W-2 forms

The Internal Revenue Service has issued proposed regulations in an effort to reduce identity theft. These proposals would allow employers to use truncated taxpayer identification numbers (TTIN) in place of the full nine-digit sequence on Forms W-2, Wage and Tax Statement, given to employees.

April 11, 2017

Which Way to Go? Three Post-Tax Season Options for Change

The bright shiny light at the end of the tunnel is finally discernable to Public Accounting Tax professionals. April 15, the end of Tax Season, is quickly approaching, which means that individuals who work in Tax will have some free time to relax and contemplate their career direction. Tax Season’s finish line presents three possible next steps for professionals.

February 10, 2017

The Tax Relief You Need – With Quality Administrative Assistance

tax-busy-season-administrativeWe know well that our Public Accounting clients are currently working their hardest in the height of Tax Season. Your employees—and your business—will benefit from some relief. Have you considered bringing in a few Administrative Assistants who specialize in tax collating to ease the burden for the next couple of months

January 27, 2016

Alleviate the Woes of Busy Season with Better Communication

It’s that time of year again—Public Accounting Tax Season. We know that this is a hectic time in the profession. According to various supervisory professionals cited in a recent Journal of Accountancy article, improvements to communication will go a long way.