Featured News
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AICPA proposes controls framework for stablecoin issuers
The AICPA’s Assurance Services Executive Committee (ASEC) has issued an exposure draft featuring a framework of controls to support stablecoin issuers.
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Survey: Finance leaders value Excel expertise over AI skills
A recent survey found that finance leaders still value advanced Excel knowledge over AI aptitude when building their finance teams.
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IRS updates automatic accounting method changes list
The IRS has provided a list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13 apply.
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AICPA taps WICPA for key input in PTET SALT deduction press release
The AICPA asked WICPA President & CEO Tammy Hofstede to provide local input for a national press release that opposes a significant aspect of a budget bill heading to the Senate.
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IRS releases fiscal year 2024 Data Book
The IRS recently issued its annual Data Book detailing the agency's activities during fiscal year 2024.
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PEEC exposure draft seeks to clarify requirements for SSAE engagements
The AICPA Professional Ethics Executive Committee (PEEC) has released an exposure draft of proposed revisions to the AICPA Code of Professional Conduct.
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DOR: Wisconsin retailers must calculate sales tax on credit card fees
The Wisconsin Department of Revenue (DOR) is reminding retailers to calculate the sales tax on credit card fees charged to consumers.
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53 CPA societies back AICPA in PTET SALT deduction effort
A letter from the AICPA and 53 CPA societies, including the WICPA, criticizes the provision in the House-approved budget bill that would eliminate the SALT deduction for certain passthrough entities.
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US job openings saw unexpected rise to 7.4M in April
Employers increased job openings more than expected in April, while hiring and layoffs also both rose, indicating a relatively steady labor market.
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Simplified method to determine corporate AMT applicable status issued
Interim guidance from the IRS for the application of the corporate alternative minimum tax (AMT) offers an optional simplified method for determining applicable corporation status.