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Accounting firms are tackling the talent shortage with purpose-driven strategies, tech innovation and social media engagement to attract young professionals.

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years.

As the nation's tax season approaches, the IRS is reminding people of simple steps they can take now to prepare to file their 2024 federal tax returns.

The IRS has extended the deadline for third-party payers to use the consolidated claim process to fix incorrect employee retention credit (ERC) claims filed for clients.

A new survey of accounting firm decision-makers finds that 57% plan to raise their fees across all services next year.

The IRS will soon accept e-filed tax returns that include dependents already claimed on another taxpayer's return if the second taxpayer has a valid Identification Protection PIN (IP PIN).

The FASB has introduced a proposed Accounting Standards Update (ASU) to provide clear guidance on how businesses should account for government grants.

The Department of Labor has recognized the AICPA & CIMA, which form the Association of International Certified Professional Accountants, as an apprenticeship ambassador.

The PCAOB adopted a rule amendment that enables the board to address situations where a registered firm doesn't file annual reports or pay annual fees for two consecutive reporting years.

For the first time since 2020, the IRS will lower the interest rates for tax overpayments and underpayments in the first quarter of 2025.