Featured News
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BBB report: Online scams rose 87% since 2015
The number of online scams reported to the Better Business Bureau (BBB) rose 87% since 2015, the organization revealed in a new data report.
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IRS seeks feedback on upcoming energy guidance
The IRS has issued six notices asking tax professionals for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
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IRS grants $41M for TCE, VITA programs
The IRS recently awarded $41 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations for free federal tax preparation.
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AICPA releases 2022 firm survey results
The AICPA and its Private Companies Practice Section (PCPS) have released their annual survey results addressing the top concerns for CPA firms.
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IRS extends R&D credit claim transition period
The IRS extended for another year, until Jan. 10, 2024, the transition period during which it will allow taxpayers 45 days to perfect an R&D credit claim.
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Texting scams on the rise, IRS warns
The IRS is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
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FASB updates reporting standard for supplier finance programs
A new FASB Accounting Standards Update (ASU) enhances the transparency required from buyer companies.
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Taking extra steps to keep client data safe
CPAs can protect sensitive client data by taking extra steps to keep it out of the hands of criminals.
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U.S. consumer confidence rose in September, survey says
U.S. consumer confidence rose to a five-month high in September because of falling gas prices, according to a new survey.
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IRS raises per diem standard rates for business travel
The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home will be slightly higher starting Saturday, Oct. 1.