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While firm owners are cultivating their firm's next generation of leaders, younger staffers who hope to take over one day must learn from and compromise with older leadership.

The Fed has approved a rare 0.5% interest rate increase, marking the largest increase since 2000, to tamp down demand from consumers and businesses for goods and services.

The maximum contribution to a health savings account and certain related benchmarks will be sharply higher next year, reflecting inflation-linked adjustments.

In a new information technology survey, 63% of accounting firms said they use an external cloud provider to host their applications, up from 51% in 2020.

The IRS has delayed e-filing capability for schedules reporting S shareholders’ items of international tax relevance, earlier forecasted for mid-June, to July 24.

Employers can use several strategies to reengage their disengaged employees and retain top talent.

The IRS has revised its answers to frequently asked questions on the child tax credit, adding a new set of six commonly asked filing season questions.

The IRS is inviting the public to submit recommendations on tax issues for its priority guidance plan.

The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for April 2022, which outlines new tax laws, an enforcement report and litigation updates.

For accounting professionals, balancing their professionalism with maintaining an online adds another layer of nuance to social media.