Featured News
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DOR report: State employment to reach pre-pandemic level by 2022
The latest DOR report projects Wisconsin employment to reach pre-pandemic numbers by late 2022.
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Gov. Evers announces $100M investment in economic recovery
Gov. Evers announced April 13 a $100 million investment in economic recovery to businesses throughout the state.
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Countering clients’ cognitive biases
CPAs can learn to spot some of the most common cognitive biases to help their clients see past their emotions when dealing with finances.
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IRS suspends requirement to repay excess APTC
Taxpayers with excess advance payments of the premium tax credit (APTC) are not required to file Form 8962 or report an excess repayment on their 2020 Form 1040 or Form 1040-SR.
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Quickly exit abusive micro-captive insurance arrangements, says IRS
IRS officials are urging participants in abusive micro-captive insurance arrangements to exit the transactions as soon as possible.
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ASB extends comment period for quality management ED
The AICPA Auditing Standards Board (ASB) has extended the comment deadline on its quality management exposure draft to Aug. 31 from June 11.
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AICPA recommendations on Q1 estimates, Form 709 extensions
The AICPA has released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals.
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PCAOB inspections to focus on pandemic, predictability
PCAOB inspections in 2021 will focus on the effects of the coronavirus pandemic on companies’ financial reporting while also becoming less predictable, according to newly published resources.
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Temporary 100% deduction for business meal expenses
New guidance from Treasury and the IRS includes a temporary 100% deduction for business meal expenses from Jan. 1, 2021, to Dec. 31, 2022.
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IRS provides ERC guidance
The IRS has issued guidance for employers claiming the employee retention credit (ERC) under the CARES Act, modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020.