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Accounting & bookkeeping news for the industries we serve
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BC Accounting and Bookkeeping Services Hit with 7% PST Effective October 2026
Construction Contractors Losing $45K Revenue: Close the $11K Tech Integration Gap
Electricians Face New Quarterly Tax Updates Under Making Tax Digital Starting April 2026
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DOL Proposes Two-Factor Independent Contractor Test for HVAC Contractors
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Florida Drops HOA Audit Threshold to $250K: Property Managers Brace for Thousands of New Compliance Mandates
Property managers overseeing Florida HOAs just lost their biggest exemption. Starting July 1, 2026, any association generating more than $250,000 in annual...
CBIZIRS Opens Digital Tax Portal to Millions of Partnerships and Nonprofits
Millions of partnerships, nonprofits, and government entities can now check their IRS balances, download tax transcripts, and make payments without picking up...
Internal Revenue Service79% of Accounting Firms Hit by Regulatory Complexity as 2026 Challenges Mount
Regulatory complexity will significantly disrupt operations for 79% of accounting firms in the coming year, according to new data that shows the profession...
Wolters KluwerConstruction Contractors Risk 5-Year GPS Loss for Supply Chain Fraud Under New CIS Rules
Effective April 6, 2026, a main contractor in the UK construction industry can lose Gross Payment Status (GPS) for five years if HMRC determines they “knew or...
PBC TodayElectrical Contractors Face New W-2 Mandates as Electricians Claim Up to $1,750 in Overtime Tax Savings
Electricians working overtime on data center builds or emergency service calls could save $1,400 to $1,750 in federal taxes this filing season under a new...
BuildForceOBBBA Delivers $2.5M Equipment Writeoff for Plumbing Contractors in 2026
The One Big Beautiful Bill Act makes 100% bonus depreciation permanent, allowing contractors to deduct the full cost of qualifying machinery, trucks and...
Adams Brown CPAFederal Payroll Forms Invalid After September 2026 — HVAC Contractors Face Hard Deadline
HVAC contractors working on federal projects exceeding $2,000 have until September 30, 2026 to switch to updated WH-347 certified payroll forms — after that...
Points NorthCalifornia Mandates 'Designated Licensee' for All Trust Accounts as of January 1, 2026
Effective January 1, 2026, new requirements under Business and Professions Code section 6091.3 and rule 2.5 of the Rules of the State Bar will apply to all...
California State BarProperty Managers Save Thousands as IRS Raises 1099 Threshold to $2,000
Starting with payments made in 2026, property management companies will only need to issue 1099 forms to contractors paid $2,000 or more per year — up from the...
1-800AccountantThree-Way IOLTA Reconciliation Now Mandatory in 12 States — Firms Have 90 Days to Comply
Twelve state bar associations have adopted a uniform IOLTA compliance standard that cuts the monthly reconciliation deadline from 45 days to 30 and mandates...
American Bar AssociationIRS Drops 1099 Threshold to $500 — An Estimated 3 Million New Filings Expected
The IRS has finalized regulations lowering the 1099-NEC reporting threshold from $600 to $500, effective for tax year 2027. The change is expected to add...
IRS.govDOL Lowers Prevailing Wage Threshold to $1,500 — HVAC Contractors Face New Payroll Burden
The Department of Labor just made federal HVAC work a lot more paperwork-intensive. Starting July 1, 2026, the prevailing wage threshold for Davis-Bacon...
Department of LaborFlorida, Texas, and California Just Made HOA Financial Audits Mandatory for Smaller Associations
Property managers in Florida, Texas, and California just got a major new compliance headache. All three states have enacted stricter HOA financial audit...
Community Associations InstituteSBA Raises Surety Bond Ceiling to $15M — Small Contractors Can Now Chase Bigger Federal Jobs
The SBA just opened the door to bigger federal projects for small construction firms. The Surety Bond Guarantee Program ceiling rises from $10 million to $15...
Small Business AdministrationQuickBooks Online Hikes Prices 15-25% Across All Plans — Here's What You'll Pay
Intuit just announced the largest single price increase in QuickBooks Online history. Every subscription tier goes up 15-25% on May 1, 2026 — and if you bundle...
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