Featured Accounting News

The IRS recently updated its Schedule 1-A for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, auto loans, and the enhanced deduction for senior citizens.

Tax refunds have increased by over 10% in 2026, with the average refund amounting to $3,804, which is $351 more than last year, according to the IRS report released on Friday, Feb. 27.

GASB is accepting comments through Monday, April 27, on proposed authoritative guidance related to subsidies in Statement No. 103, Financial Reporting Model Improvements.

The Government Accountability Office (GAO) recently stated that recommendations from tax practitioners may have reduced improper employee retention credit (ERC) payments.

The AICPA Auditing Standards Board recently published proposed updates to attestation standards, in part to address sustainability information and other emerging areas of assurance.

The IRS is hosting a timely webinar on Tuesday, March 3, that identifies the individual tax provisions enacted under the One Big Beautiful Bill Act.

The AICPA recently urged the IRS and Treasury to automatically enroll eligible children in the new Trump accounts and deposit the corresponding $1,000 seed contribution.

A new global report found that most companies committed to AI tools believe they have a strategic advantage, but they also have more risks to consider.

The IRS launched a new webpage that allows taxpayers to confidentially report suspected tax fraud, scams, evasion or other tax-related illegal activities.

A recent survey found that fewer taxpayers say they would consider trusting artificial intelligence (AI) over hiring a tax professional to file their taxes this year compared with 2025.

Numbers released on Tuesday by the Federal Deposit Insurance Corporation show Wisconsin banks had a strong fourth quarter in 2025, with numbers better than nearly all national averages.

The IRS and Treasury have issued interim guidance in Notice 2026-16 regarding a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.

In a letter to Treasury, the AICPA urged the IRS to issue guidance regarding the capitalization and amortization of domestic R&E expenditures through modifications to Rev. Proc. 2025-28.

Finance leaders are poised to limit pay and headcount increases throughout 2026 while expanding investment in AI and other technologies, according to a recent survey.

The average direct-deposit tax refund amount is up 11% this year compared with the same span in 2025, the IRS said in a recent news release.

A recent survey of M&A executives found that business leaders are likely to “revisit foundational strategic assumptions” and make “bigger, bolder decisions” about their assets.

Widening skills gaps and increasing hiring complexity continue to be issues hiring managers are facing in the early stages of 2026, according to new research from Robert Half.

Joining a fast-growing majority of states, Wisconsin lawmakers recently passed legislation offering an alternative path to becoming a CPA that doesn’t require 150 college credit hours.

The AICPA is urging the IRS and Treasury to modify the “determine and document” requirement in in transition guidance tied to Sec. 951(a)(2)(B) under H.R. 1.

About one in 10 CEOs at Fortune 500s and S&P 500 firms came directly from the finance chief seat last year, according to a new research report.