Featured News
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AICPA urges Treasury, IRS to simplify Sec. 951 documentation rules
The AICPA is urging the IRS and Treasury to modify the “determine and document” requirement in the transition guidance tied to Sec. 951(a)(2)(B) under H.R. 1.
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Report: CFO-to-CEO promotions reach decade high
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.
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IRS enhances Tax Pro Account features
The IRS is enhancing the online Tax Pro Account, allowing firms to designate staff authorized to act under the Centralized Authorization File (CAF) access.
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IRS issues proposed rules on clean fuel tax credit
The IRS and Treasury recently released proposed regulations on the clean fuel production credit under the One Big Beautiful Bill Act.
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AICPA supports Accounting STEM Pursuit Act legislation
The AICPA has expressed support for the newly introduced Accounting STEM Pursuit Act, which would establish the accounting profession as a STEM career pathway.
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AICPA proposes updates to attestation standards
The AICPA’s Auditing Standards Board will soon seek public comment on proposed changes to its attestation standards.
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New AICPA initiative targets gaps in early-career readiness
The AICPA’s new Profession Ready Initiative aims to help early-career CPAs develop the skills they need to succeed in an increasingly AI-driven marketplace.
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IRS updates simple payment plans for businesses
The IRS recently updated its qualifications for Simple Payment Plans, previously known as streamlined installment agreements, to include business taxpayers.
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Education Department notice clarifies ‘professional degree’ definition
A recent notice of proposed rulemaking clarified the Department of Education’s proposed definition of professional degrees for the purposes of graduate student loan limits.
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IRS will stay fully staffed for first 5 days of shutdown
The IRS will stay fully staffed for the first five working days of the partial government shutdown, a lapsed appropriations contingency plan posted late last week shows.