Featured News
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Social media best practices for young accountants
From students and recent graduates seeking their first job or internship to early-career accountants looking to take the next step, their social media presence can help — or hurt.
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2021 IRS Virtual Nationwide Tax Forum begins in July
The IRS will hold its annual Nationwide Tax Forum virtually over five weeks starting June 20, with a series of livestreamed webinars every Tuesday, Wednesday and Thursday.
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GASB addresses accounting changes, error corrections
GASB has proposed changes to its accounting and financial reporting guidance for accounting changes and error corrections that has been in effect for more than 40 years.
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IRS crypto tax risks expand with new reporting
The IRS is keeping a closer eye on gains in cryptocurrency, and the tax risks are expanding with new reporting requirements on the horizon.
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IRS interest rates unchanged for Q3 2021
The IRS announced on May 27 that interest rates will remain the same for the calendar quarter beginning July 1, 2021.
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Draft employer’s payroll tax return incorporates ARPA changes
The IRS has released a revised draft of Form 941 that incorporates payroll tax return changes of the American Rescue Plan Act (ARPA).
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Employee value self-assessment tool now available
A new employee value self-assessment PCPS tool helps employees better understand the true value that they bring to your firm by focusing on accountability.
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Unintended consequences of foreign branch reporting
Some U.S. citizens and residents doing business abroad can have surprising tax reporting obligations under IRS Form 8858.
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DOR provides additional guidance on reporting adjustments
The DOR updated its guidance on reporting adjustments for individual shareholders, partners and members of pass-through entities that opted for taxation on income at the entity level.
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New nonauthoritative guidance for auditing digital assets
AICPA & CIMA issued nonauthoritative guidance for auditing digital assets such as cryptoassets in the areas of risk assessment, processes and controls, laws and regulations, and related parties.