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Howard & Company, CPAs, P.A.

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Howard & Company, CPAs, P.A.

Howard & Company, CPAS, P.A. Local Business

is a full-service accounting firm serving clients throughout the Jacksonville area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.

09/08/2026

AI is helping accounting teams work faster, but one finance executive is warning about a growing problem: employees using AI on their own without proper oversight. 👀

Shayne Kuhaneck, chief accounting officer at Rippling, says informal AI use can create major risks when AI-generated work eventually becomes part of an audit.

Lower-risk uses, like summarizing documents or researching accounting guidance, can have lighter controls. Higher-risk uses, such as generating journal entries or estimating accruals, require more oversight.

💡 The bigger picture: AI may reduce manual accounting work, but it also means companies need stronger governance, documentation, and human review.

The goal? Less time spent on repetitive tasks and more time for accountants to focus on analysis, strategy, and decision-making.

09/02/2026

The 2026 FIFA World Cup is bringing more than soccer to the U.S. — it’s also bringing some special tax filing relief! 👀

The IRS has issued new guidance giving certain foreign FIFA member associations participating in the tournament an exception from filing Form 990 for qualifying tax years.

The IRS says the temporary nature of participating teams' U.S. activities makes the usual reporting requirements unnecessary in qualifying situations.

08/25/2026

Here are a few things to keep in mind:

💍 Getting married? Your filing status, withholding, and eligibility for certain tax benefits may change. You may also need to update your name and address and review your Form W-4.

👶 Having or adopting a child? You may qualify for tax benefits like the Child Tax Credit, Adoption Credit, or Child and Dependent Care Credit. Make sure you and your child have valid Social Security numbers.

💔 Divorced or legally separated? Your filing status, withholding, dependent claims, and eligibility for certain credits and deductions could change.

🕊️ Lost a spouse or family member? A death may affect filing requirements and tax status. A final tax return generally must be filed for the deceased taxpayer.

📋 The takeaway: Major life changes can mean major tax changes. Review your withholding, update your personal information, keep important records, and make sure you're prepared before tax season arrives.

08/19/2026

The IRS has announced new 2027 ACA indexing adjustments that employers and individuals should know about.

🏥 Employer health coverage affordability: The required contribution percentage will increase to 10.22% for 2027, up from 9.96% in 2026.

💳 Premium Tax Credits: For individuals eligible for premium tax credits, the percentage of household income used to determine their expected contribution toward Exchange coverage will range from 2.15% to 10.22%, depending on household income.

📈 The adjustments reflect changes in projected health insurance premiums and income growth.

⚠️ For employers: Applicable large employers should review employee contribution amounts for 2027. Failing to offer affordable, minimum-value coverage to eligible full-time employees could result in employer shared responsibility penalties.

08/15/2026

The IRS has updated its guidance on the qualified overtime deduction for 2026 and beyond. Here’s what employers and employees need to know:

💰 New W-2 reporting requirement: Starting in tax year 2026, employers must separately report qualified overtime compensation in Form W-2.
🧾 W-2 reporting matters: For tax years after 2025, employees can generally only claim the overtime deduction for the amount reported on their W-2.
⚠️ Missing or incorrect information? If an employer understates or leaves out qualified overtime, employees will need to request a Form W-2c to claim the full deduction.

👉 Bottom line: Employers should make sure payroll systems are ready for the new reporting requirements, while employees should carefully review their W-2s before filing.

07/23/2026

Companies expecting refunds from recently challenged tariffs may need to wait before recording that money on their financial statements.

After the Supreme Court struck down certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA), many importers are asking: “Can we book the refund now?”

📌 Accounting experts say: be careful.

Why? Under accounting rules, expected refunds are often treated as a “gain contingency,” meaning companies generally shouldn’t recognize the money until it’s realized.

⚠️ Booking too early could lead to:
• Incorrect financial statements
• Potential restatements later
• Questions from auditors and investors

Companies may still need to:
✅ Confirm they qualify for a refund
✅ Review eligible tariff entries
✅ Disclose potential refunds in financial statement notes

07/20/2026

🚨💻 The IRS is warning about a growing number of scams targeting older Americans.

Criminals are using tactics like government impersonation, romance scams, fake investments, and fraudulent charities to steal money and personal information.

Watch for red flags like urgent demands, threats, requests for gift cards or cryptocurrency, and suspicious messages asking for personal details. When in doubt, slow down, verify, and contact agencies directly through official channels.

07/17/2026

🏡🗳️ Florida lawmakers have approved a proposed constitutional amendment that could significantly expand the homestead property tax exemption, but nothing has changed yet.

If voters approve the measure in November 2026, the exemption for non-school property taxes would increase to $150,000 in 2027 and $250,000 in 2028. The proposal also includes a lower assessment cap for non-homestead properties and a potential path toward eliminating most homestead property taxes over time.

07/14/2026

🏥💰 The IRS has issued guidance on a SECURE 2.0 provision allowing certain retirement plans to make distributions to help pay for certified long-term care insurance premiums.

Starting with eligible distributions after December 29, 2025, participants may use limited retirement funds for long-term care coverage without the 10% early withdrawal penalty. Plans can choose whether to offer this option, with updated amendment deadlines extending into 2027 and beyond.

07/09/2026

As AI adoption grows, tax professionals face new challenges around protecting sensitive client data. Federal and state privacy rules require firms to maintain strong security practices, while AI tools introduce new risks like unauthorized data sharing and “shadow AI.”

Experts warn that firms need clear policies, employee training, secure systems, and careful oversight to protect client information and stay compliant.

Address

Jacksonville, FL
32224

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://www.howard-cpa.com/

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