Featured News
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DSPS: CPA licenses expire Dec. 14, renew now
The Wisconsin Department of Safety and Professional Services (DSPS) is reminding CPAs to renew their licenses before they expire on Dec. 14.
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FASB issues new private company practical expedient
The FASB recently issued a new standard to improve an area of financial reporting for nonpublic business entities that issue equity-classified share-based awards.
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Spotting a fake IRS letter
With fake IRS letters now in circulation with real ones, it is a good time to remind clients how to spot the fraudulent letters right away.
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IRS issues guidance for LLCs seeking tax-exempt recognition
The IRS has issued new guidance to clarify the standards that an LLC must satisfy to receive a determination letter recognizing it as tax-exempt.
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Employees and independent contractors: What clients should know
Helping clients understand the difference between employees and independent contractors can have a substantial impact on their bottom line.
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DOR seeks VITA and TCE volunteers for 2022 filing season
The DOR is seeking volunteers to help with the state’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs for the 2022 filing season.
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IRS reminder to renew your PTIN
The IRS reminds federal tax return preparers to renew their preparer tax identification numbers (PTINs) now for 2022.
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Creating the right visuals for your data
When creating visual information such as charts and graphs for clients, focus on providing the data as clearly and precisely as possible to avoid irrelevancies.
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IRS highlights Charity Fraud Awareness Week
The IRS is joining international organizations and regulators in highlighting Charity Fraud Awareness Week.
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IRS now offering videoconferencing for all LB&I taxpayers
All large business taxpayers and their representatives can now request a videoconference with IRS officials, the agency told its employees in the Large Business and International division.