Featured News
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IRS may allow simpler accounting-method change procedures for small biz
Taxpayers may get automatic consent from the IRS to change their tax accounting methods to follow final regulations relating to simpler methods for small businesses.
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Digital assets, intangibles now priorities on FASB’s research agenda
FASB recently updated its research agenda to include additional priorities, such as accounting for digital assets and intangibles.
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Fed projects interest rate hikes in 2022
The Fed is anticipating interest rate hikes in 2022, according to projections released this week.
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Families to soon receive December advance CTC payments
Millions of eligible families will soon receive their final advance child tax credit (CTC) payment for December.
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DOR announces new Wisconsin identity protection PIN
The Wisconsin Department of Revenue (DOR) has announced a new identity protection PIN for individuals to secure their tax accounts.
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IRS releases 2020 recovery rebate credit FAQs
Individuals who did not receive the first two economic impact payments may be eligible to claim the 2020 recovery rebate credit, according to new FAQs from the IRS.
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MAP survey reveals attributes of top-performing firms
The 2021 MAP survey from the AICPA Private Companies Practice Section (PCPS) finds significant differences in revenue, profit and owner compensation.
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Auditing in a pandemic-changed environment
PCAOB will focus its inspections of audit firms in 2022 on many areas influenced by the pandemic.
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IRS seeks applicants for electronic tax advisory committee
The IRS is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee.
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SEC emphasizes rules for non-GAAP reporting
Tax preparers can avoid trouble with the SEC by observing the rules for presenting non-GAAP measures.