Featured Accounting News

The IRS recently updated its FAQs on the Section 163(j) business interest expense deduction limit to reflect changes and clarifications under the One Big Beautiful Bill Act.

PCAOB recently shared a new staff resource for auditors that provides a Q&A for implementing the audit regulator’s new quality control standard.

A recent AICPA survey found that pet owners often budget for their animals, prioritize pet spending and include pets in their estate planning.

The SEC has proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets.

The AICPA’s Professional Ethics Executive Committee has revised its definition of “attest engagement team,” which clarifies for practitioners who is and is not part of such a team.

A recent study found that 64 million Americans now work as freelancers, accounting for 38% of the U.S. workforce.

The average cost of a data breach rose 12% over the previous 12-month period, reaching a record $4.99 million, according to a new report.

New guidance from the IRS contains sample forms and proposed rollover procedures to simplify and standardize rollovers between retirement plans and individual retirement accounts.

Treasury’s FinCEN said it will soon issue a final rule that permanently removes the requirement for U.S. companies and persons to report beneficial ownership information.

The IRS recently published final regulations that reflect changes to the Sec. 3406 backup withholding threshold made under the One Big Beautiful Bill Act.

The AICPA’s Professional Ethics Executive Committee plans to revisit proposed revisions to the Code of Professional Conduct related to firm independence and alternative practice structures.

The IRS, which recently made business tax accounts accessible to millions of new entities, said it’s adding new features to the accounts and expanding existing ones.

In response to stakeholder comments, the Federal Accounting Standards Advisory Board (FASAB) issued a technical release to assist reporting entities in implementing a standard related to disclosure of public-private partnerships.

New guidance from the IRS explains how employers can claim the expanded credit for paid family and medical leave beginning in 2026 using a premium-based method.

Global business travel spending is forecast to reach a record $1.71 trillion USD in 2026, with the number of business trips worldwide expected to surpass 1.84 billion, according to a new report.

The IRS recently said fraudsters are mailing letters that direct digital asset holders to a bogus “Digital Asset Compliance Portal” that mimics IRS.gov to collect personal information.

LinkedIn, the popular social media platform, unveiled a “seems like AI slop” button so users can report posts that appear to be low-quality posts written by artificial intelligence.

The Wisconsin Department of Revenue's July 2026 tax bulletin outlines new income and franchise tax updates, including the state’s Internal Revenue Code conformity for 2026.

The Financial Crimes Enforcement Network director said it will soon finalize an interim rule restricting beneficial ownership information reporting requirements to foreign companies.

Accounting firm mergers and acquisitions broke records in 2025, with transaction volume rising 26% year-over-year and continuing to climb in 2026, according to a recent report.