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Private company franchisors will be able simplify their revenue recognition accounting under a new standard issued by FASB.

Show appreciation for your staff and keep them motivated through busy season with a free 2021 Busy Season Calendar.

The WICPA has joined a coalition that urges the Wisconsin legislature to conform to the federal decision to provide PPP loans as tax-free.

The Federal Reserve has pledged to keep its low interest rate policies in place even well after the economy has sustained a recovery from the COVID-19 pandemic.

The U.S. Small Business Administration says it is taking steps to improve the PPP loan review so small businesses have more time to access funds.

A new Legislative Fiscal Bureau report projects the state of Wisconsin to begin the next budget cycle with a balance of nearly $1.9 billion.

The DOR is seeking input on a proposed administrative rule that defines "earned income" and "primary income from farming" for purposes of homestead credit.

The IRS is urging employers to take advantage of the newly-extended employee retention credit (ERC), designed to make it easier for businesses that keep their employees on the payroll.

The IRS has rolled out a new online option that will help tax professionals remotely obtain signatures and submit Forms 2848 and 8821 electronically.

Taxpayers need guidance on how ERC and PPP provisions of the Consolidated Appropriations Act, 2021, interact, the AICPA stated in a letter to Treasury and the IRS.