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The IRS has resumed most compliance operations after it suspended them due to the COVID-19 pandemic, the agency reported June 14.

Young accounting professionals who do not pursue CPA licensure cite a lack of time and professional need to do so, according to a new report from the Illinois CPA Society.

About 1,200 Wisconsin municipalities are eligible to receive recovery funding through the American Rescue Plan Act (ARPA) and need to file by the June 18 deadline.

A new IRS webpage allows taxpayers who are not required to file a 2019 or 2020 individual income tax return to sign up to receive advance child tax credit (advance CTC) payments.

The IRS recently posted two new, separate sets of FAQs to assist families and small and mid-sized employers in claiming credits under the American Rescue Plan Act (ARPA).

In response to rising rates of loneliness among individuals during the pandemic, companies are prioritizing the well-being of their workers as they develop the next steps moving forward.

Rather than focusing on traditional performance-based cultures, forward-thinking firms in recent years have instead worked to foster — and measure — growth cultures.

The AICPA Auditing Standards Board issued a standard on June 8 that provides guidance on the use of specialists and pricing information obtained from external information sources.

The AICPA and NASBA will release the CPA Evolution Model curriculum during a two-day, online launch event on June 15 and 16.

Taxpayers who qualify for the newly expanded child tax credit will receive a letter from the IRS in the following days informing them of their eligibility, the agency announced.