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The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025.

Third-quarter data show a 20% gain in travel and expense volume and spending compared to the same time last year.

A new MIT/Stanford study of accounting firms found that the adoption of artificial intelligence can yield “remarkable improvements in productivity, task allocation and reporting quality.”

As a result of a new USPS rule that went into effect last week, the date stamped on mailed items may be several days later than when the mail was actually deposited.

The IRS updated its fact sheet regarding changes to the limitation on the deduction for business interest expense under the One Big Beautiful Bill Act.

The IRS has updated its FAQ webpage on the premium tax credit to reflect changes made under the One Big Beautiful Bill Act and remove provisions that no longer apply.

The GASB has issued Statement No. 105, Subsequent Events, which aims to improve the financial reporting requirements for subsequent events.

The IRS has opened a 90-day public comment period, ending March 22, 2026, for proposed updates to its Voluntary Disclosure Practice, including a more streamlined penalty framework.

The AICPA's Professional Ethics Executive Committee recently issued an exposure draft proposing revisions to independence rules concerning private equity investments.

Results from the Wisconsin Bankers Association’s biannual CEO survey reflect 79% of respondents rated the state’s current economic health as “good.”