Featured News
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Supreme Court lifts BOI injunction; filing timeline unclear
The Supreme Court issued a stay of a nationwide injunction that banned enforcement of beneficial ownership information (BOI) reporting requirements.
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AICPA: Executive order shouldn’t affect IRS tax season hiring
An AICPA vice president recently explained that President Donald Trump’s executive order regarding IRS hiring should not affect the use of seasonal employees for the tax season.
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IRS testing changes to alternative dispute resolution programs
The IRS recently announced that new pilot programs will test changes to existing alternative dispute resolution programs, including fast-track settlements.
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Proposed regulations address expanded annual compensation deduction limit
Proposed regulations from the IRS provide guidance that expands the Sec. 162(m) annual deduction limitation for employees paid over $1 million to additional employees.
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Economic optimism rises among CFOs
A recent survey finds that finance leaders at larger companies are starting the new year with renewed optimism.
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Survey: Worker shortages hit decade-low level in Wisconsin
A recent survey of Wisconsin employers finds that the number of businesses struggling to find workers dropped to its lowest level in a decade.
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Digital assets practice aid addresses new FASB standards
The AICPA updated its digital assets practice aid to assist practitioners with newly effective FASB standards.
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Proposed regs. address 401(k), 403(b) automatic enrollment requirement
Proposed regulations from the IRS and Treasury offer guidance to plan administrators on implementing the automatic enrollment requirement established by the Secure 2.0 Act.
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New IRS rules address basis-shifting transaction reporting
The IRS issued final regulations that identify certain partnership related-party basis-shifting transactions and substantially similar transactions as transactions of interest (TOIs).
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IRS announces Jan. 27 start date for 2025 tax season
The IRS has announced that the 2025 tax season will start on Monday, Jan. 27, and will feature expanded and enhanced tools to help taxpayers.