Featured News
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Global survey finds strategies common among high-growth firms
A global survey of tax and accounting professionals at firms of all sizes revealed six common strategies among high-growth firms.
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IRS ends Direct File, shifts focus to Free File, private sector
The IRS ended Direct File, the free, online pilot program that nearly 300,000 taxpayers in 25 states used to file returns for tax year 2024.
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Employers get reporting relief on tips, overtime for 2025
The IRS has released new guidance to help employers and other payers navigate reporting requirements for cash tips and qualified overtime compensation under the OBBBA.
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Tips for effectively managing the firm calendar
Change is possible when firms choose to wind the clock differently, set clear stops and build small habits that keep the mechanism running instead of exploding into chaos.
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IRS data shows average tax refund amount up nearly 2% from 2024
In mid-October, the IRS released updated 2025 tax season statistics that showed a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.
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AICPA releases generative AI resource tool for CPA firms
The AICPA has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.
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IRS reminds tax pros to renew PTINs for 2026
The IRS is reminding tax preparers that the 2026 renewal period for preparer tax identification numbers (PTINs) is now open.
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DOR releases October 2025 tax bulletin
The latest state tax bulletin from the Wisconsin DOR outlines new income and franchise tax updates, sales and use tax updates, and reports on enforcement and litigation.
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Accounting firms plan to boost hiring in 2025, survey finds
According to a recent survey by the AICPA, 75% of accounting firms that hired new staffers in 2024 anticipate maintaining or increasing their hiring levels in 2025.
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Social Security wage base, COLA announced for 2026
Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration (SSA) said Friday, Oct. 24.