Featured News
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Treasury posts preliminary list of jobs eligible for no tax on tips
Treasury recently posted a preliminary list of occupations that customarily and regularly receive tips for purposes of the “no tax on tips” provision of the One Big Beautiful Bill Act.
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Fed’s Beige Book shows minimal economic growth
U.S. economic activity saw “little or no change” across most of the country in recent weeks, according to a new Federal Reserve report.
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AICPA updates digital assets practice aid
The AICPA recently updated its digital assets practice aid to assist practitioners with scenarios involving crypto lending and borrowing.
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US consumer spending shows resilience despite inflation
U.S. consumer spending rose in July by the most in four months, indicating resilient demand in the face of stubborn inflation.
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Survey: 74% of U.S. adults have a financial regret in 2025
Most American adults (74%) report having a financial regret in 2025, according to a new survey from Bankrate.
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IRS releases guidance on research, experimental expenditures
The IRS has released guidance for taxpayers on how to handle making various elections, filing amended returns, and changing accounting methods for research or experimental expenditures.
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Wisconsin credit unions, banks report solid performance
Wisconsin’s 100 state-chartered credit unions and 117 state-chartered banks reported sound financial performance through the second quarter of 2025.
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PCAOB delays effective date for new quality control standard
The PCAOB has announced that it is postponing the effective date of its new quality control standard — QC 1000, A Firm’s System of Quality Control — to Dec. 15, 2026.
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IRS updates draft 2026 Form W-2
The IRS has introduced a draft version of the 2026 Form W-2, which includes new fields to accommodate tax exemptions on tips and overtime income under the One Big Beautiful Bill Act.
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Survey: CFOs increasingly rely on counsel from tax leaders
New research indicates that the influence of corporate tax leaders is at an all-time high, with 90% saying they’re regularly invited to weigh in on business decisions.