Featured News
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FASB issues new cryptoassets standard
FASB has published an accounting standards update (ASU) aimed at improving the disclosure of certain fungible cryptoassets.
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AICPA issues guidance on potential mobility changes
The AICPA issued new guidance to help CPAs and firms continue to practice successfully across state lines and remain in compliance with regulations amid possible state licensure changes.
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IRS issues standard mileage rates for 2024
The IRS has issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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November saw inflation begin to cool
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve.
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Cybersecurity pressures stretch CFOs
CFOs are bracing for new SEC cybersecurity rules set to kick in this month as the regulator is already signaling an aggressive enforcement posture.
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WICPA supports request to delay BOI reporting requirements
The WICPA has joined the AICPA and other state societies calling for a delay of the beneficial ownership information (BOI) reporting requirements set to go into effect Jan. 1.
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IRS updates FSA amounts for 2024
Starting next year, employees can contribute up to $3,200 tax-free to a flexible spending account (FSA) through payroll deduction.
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PEEC releases ethics guidance related to public interest entities
The AICPA Professional Ethics Executive Committee (PEEC) has released new authoritative guidance related to public interest entities.
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IRS shoots down rumors of more stimulus checks
The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of viral social media posts.
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CPA decision-makers more hesitant to hire amid uncertainty
Pessimism about the U.S. economy rose in a quarterly economic survey, fueling a slowdown in hiring even as decision-makers remain cautiously optimistic about their own companies.