Howard & Company, CPAs, P.A.

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.

🧾🤝 The IRS is reminding taxpayers that you don’t have to handle tax issues alone. Under the Taxpayer Bill of Rights, you...
05/13/2026

🧾🤝 The IRS is reminding taxpayers that you don’t have to handle tax issues alone. Under the Taxpayer Bill of Rights, you can authorize a qualified professional, like a CPA, attorney, or enrolled agent, to represent you in dealings with the IRS.

If needed, interviews can be paused so you can consult your representative, and free or low-cost help may be available through Low Income Taxpayer Clinics.

⚠️📂 The IRS is reminding taxpayers to include financial and tax records in their emergency plans. Creating secure digita...
05/08/2026

⚠️📂 The IRS is reminding taxpayers to include financial and tax records in their emergency plans. Creating secure digital copies, documenting valuables with photos or videos, and regularly updating your plan can make recovery much easier after a disaster. If records are lost, tools like IRS transcripts can help you rebuild—and those in federally declared disaster areas may also qualify for tax relief.

🏥📋 Group health plans aren’t just governed by ERISA, COBRA, and HIPAA. There’s a whole lineup of other federal mandates ...
05/05/2026

🏥📋 Group health plans aren’t just governed by ERISA, COBRA, and HIPAA. There’s a whole lineup of other federal mandates in play. The ACA adds coverage rules (like dependents up to age 26 and preventive care), while laws like MHPAEA, WHCRA, and NMHPA set standards for mental health parity, mastectomy benefits, and maternity care.

On top of that, FMLA and USERRA protect employees’ health coverage during leave or military service, and rules like MSP and Medicare Part D coordination impact how plans interact with Medicare. Add in federal nondiscrimination laws, and it’s clear: compliance goes way beyond the basics.

đź“Š FASB advisers warn that current nonprofit accounting rules can make organizations appear financially stronger than the...
05/02/2026

đź“Š FASB advisers warn that current nonprofit accounting rules can make organizations appear financially stronger than they really are. By mixing everyday operations with restricted donations, investment gains, and one-time items, financial statements can give a misleading sense of available resources.

This makes it harder for donors, lenders, and investors to gauge true financial health, sparking renewed calls for clearer, more consistent reporting.

đź’Ľđź“Š As employees revisit retirement savings, key 2026 updates include a higher $24,500 deferral limit, $8,000 catch-up (o...
04/29/2026

💼📊 As employees revisit retirement savings, key 2026 updates include a higher $24,500 deferral limit, $8,000 catch-up (or $11,250 for ages 60–63), and a $150,000 income threshold for Roth-only catch-up contributions. Traditional 401(k)s lower taxable income now, while Roth contributions are taxed upfront but grow tax-free.

đź’° The Treasury just launched a new FinCEN whistleblower program to report fraud, money laundering, and sanctions violati...
04/24/2026

đź’° The Treasury just launched a new FinCEN whistleblower program to report fraud, money laundering, and sanctions violations.Tips can be submitted confidentially, and if they lead to enforcement action, you could receive a financial reward.

The effort targets major fraud schemes costing taxpayers billions, while the IRS is also rolling out a task force focused on misuse of funds by 501(c)(3) organizations.

The IRS released guidance on the new tax-deferred “Trump Accounts," part of the 2025 Act. These accounts can be opened f...
01/05/2026

The IRS released guidance on the new tax-deferred “Trump Accounts," part of the 2025 Act. These accounts can be opened for U.S. citizens born 2025–2028, with an initial $1,000 government contribution. Parents and relatives can add up to $5,000 per year, and employers up to $2,500 per year. Funds must be invested in qualified mutual funds or ETFs and held until the beneficiary turns 18, when the account becomes like a traditional IRA.

The IRS is urging taxpayers to start preparing early for the 2026 filing season. With new changes from the 2025 Act (OBB...
12/28/2025

The IRS is urging taxpayers to start preparing early for the 2026 filing season. With new changes from the 2025 Act (OBBBA), you may see updates to taxes, credits, and deductions. Gather your records, 1099s, bank info, and digital asset transactions, and review your IRS online account for recent filings.

Contact us for more information!

The One Big Beautiful Bill Act lets eligible workers deduct up to $25,000 in tips and $12,500 in qualified overtime for ...
12/23/2025

The One Big Beautiful Bill Act lets eligible workers deduct up to $25,000 in tips and $12,500 in qualified overtime for 2025. Tips must be voluntary and from occupations that historically receive them, while overtime deductions cover only the premium portion paid above the regular rate.

Employers aren’t changing payroll withholding this year but should plan now for reporting (using Box 14 or supplemental statements) with new W-2 codes arriving in 2026.

The IRS is reminding taxpayers that starting early with individual retirement accounts (IRAs) can boost long-term saving...
12/19/2025

The IRS is reminding taxpayers that starting early with individual retirement accounts (IRAs) can boost long-term savings and offer tax benefits. Traditional IRAs let you defer taxes until withdrawal, while Roth IRAs grow tax-free and don’t require withdrawals during your lifetime. Other options include SEP IRAs, SIMPLE IRAs for small employers, and payroll deduction IRAs. Keep in mind contribution limits, age rules, and potential penalties for early withdrawals when planning your retirement strategy.

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Jacksonville, FL
32224

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

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