Featured Accounting News

In a recent survey, 56% of gig workers said their job accounts for most of their household income, and many see it as a path to starting their own business.

In a letter to the IRS, the AICPA said its members reported that name and address changes can take six to eight weeks or longer to process, despite often being routine requests.

The AICPA has added new chapters to its digital assets practice aid focused on guidance for stablecoin issuers, auditing mining revenue and updates on auditing standards.

The IRS recently announced a digitally authenticated Tax Compliance Report available through its Individual Online Account.

The AICPA Auditing Standards Board has approved a new standard that enhances and clarifies auditor responsibilities for identifying fraud or suspected fraud in a financial statement audit.

The AICPA is supporting federal disaster relief legislation that awaits the president’s signature after Senate approval and urging Congress to provide permanent relief for victims.

The IRS recently proposed regulations that would limit Trump account investments to low-fee stock index funds and ETFs during the growth period.

The IRS recently updated its FAQs on the Section 163(j) business interest expense deduction limit to reflect changes and clarifications under the One Big Beautiful Bill Act.

PCAOB recently shared a new staff resource for auditors that provides a Q&A for implementing the audit regulator’s new quality control standard.

A recent AICPA survey found that pet owners often budget for their animals, prioritize pet spending and include pets in their estate planning.

The SEC has proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets.

The AICPA’s Professional Ethics Executive Committee has revised its definition of “attest engagement team,” which clarifies for practitioners who is and is not part of such a team.

A recent study found that 64 million Americans now work as freelancers, accounting for 38% of the U.S. workforce.

The average cost of a data breach rose 12% over the previous 12-month period, reaching a record $4.99 million, according to a new report.

New guidance from the IRS contains sample forms and proposed rollover procedures to simplify and standardize rollovers between retirement plans and individual retirement accounts.

Treasury’s FinCEN said it will soon issue a final rule that permanently removes the requirement for U.S. companies and persons to report beneficial ownership information.

The IRS recently published final regulations that reflect changes to the Sec. 3406 backup withholding threshold made under the One Big Beautiful Bill Act.

The AICPA’s Professional Ethics Executive Committee plans to revisit proposed revisions to the Code of Professional Conduct related to firm independence and alternative practice structures.

The IRS, which recently made business tax accounts accessible to millions of new entities, said it’s adding new features to the accounts and expanding existing ones.

In response to stakeholder comments, the Federal Accounting Standards Advisory Board (FASAB) issued a technical release to assist reporting entities in implementing a standard related to disclosure of public-private partnerships.