Featured News
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Balancing technology and critical thinking to navigate uncertainties
Overreliance on technologies such as artificial intelligence (AI) may cause problems, but CPAs can take steps to keep their thinking caps on.
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IRS to taxpayers: Adjust tax withholdings now to avoid future issues
The IRS is reminding taxpayers that proper tax withholding now is key to avoiding surprises when they file their tax return next year.
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AICPA survey: Americans hit pause on spending over financial worries
Money-related stress is top of mind for most Americans, according to a new AICPA survey that shows more than 70% feeling either cautious or uncertain about their financial situation.
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IRS, Treasury to remove basis-shifting transaction-of-interest regulations
The IRS and Treasury recently announced their intent to remove basis-shifting transaction-of-interest regulations.
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Wisconsin’s March unemployment below national rate
Preliminary employment estimates for March showed Wisconsin’s unemployment rate remained unchanged at 3.2%, one percentage point below the national unemployment rate of 4.2%.
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Financial Accounting Foundation issues annual report
The Financial Accounting Foundation’s annual report highlights how the FASB and GASB engage with multiple stakeholder groups to create and improve GAAP.
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AICPA backs bill that would add accounting to STEM program
The AICPA has strongly endorsed a bipartisan House of Representatives bill that would add accounting to the STEM education program.
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Survey: Two-thirds of Gen Z adults feel unprepared for financial future
A recent survey of U.S. adults found that two-thirds of Gen Z adults are not confident in their understanding of personal finance.
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FASB sets clock for derivatives rules update
The FASB voted to adopt a proposed update to its GAAP standards for derivatives, which will take effect in less than a year.
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AICPA recommends changes to GST tax exemption rules
In a letter to the IRS, the AICPA recommended changes to the final regulations for generation-skipping transfer (GST) exemption and certain GST elections.