Featured News
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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.
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Job growth stronger than expected in December
Job growth was much stronger than expected in December, likely providing the Federal Reserve less incentive to cut interest rates this year.
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Poll: Cybersecurity ranked as top threat to business growth
A new study finds that 40% of executives view data breaches and leaks as the most financially burdensome man-made threats.
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Report: IRS needs sustained funding to keep improving
In an annual report to Congress, the National Taxpayer Advocate Service said the IRS requires sustained funding to continue to improve.
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IRS Free File opens Friday, Jan. 10
The IRS has announced that the IRS Free File Guided Tax Software will be available Friday, Jan. 10, for taxpayers ahead of the official start of tax season later this month.
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FASB clarifies income statement rules
A FASB update clarifies the interim effective date of its standard on disaggregation of income statement expenses for public companies with fiscal year-ends that don’t align with the calendar year.
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DOR releases November 2024 Economic Forecast Update
The Wisconsin Department of Revenue’s (DOR’s) latest economic update forecasts nominal income to grow by 5.2% in 2024.
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FASB seeks input on standard-setting priorities
The FASB published an invitation to comment on Friday, Jan. 3, allowing stakeholders to offer feedback on the board’s future standard-setting agenda.
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Report: M&A activity on track to accelerate in 2025
U.S. merger-and-acquisition (M&A) activity remains on track to accelerate in 2025, despite signals from the Federal Reserve that it may slow the pace of trimming interest rates next year.
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DOJ asks Supreme Court to block injunction on BOI reporting
The DOJ is asking the Supreme Court to block the district court injunction that is preventing the government from enforcing beneficial ownership information (BOI) reporting requirements.