Featured News

Starting Dec. 13, the IRS will mask sensitive data on business tax transcripts to protect business taxpayers from identity theft.

The Federal Accounting Standards Advisory Board and Accounting and Auditing Policy Committee are proposing new guidance related to lease accounting for federal entities.

The IRS recently updated the life expectancy and distribution period tables used for purposes of determining RMDs.

The IRS has issued rules for taxpayers to follow in applying bonus depreciation regulations, including how to make several elections.

The IRS has proposed new regulations to clarify that partnerships and S corporations are not subject to state and local tax deduction limitations.

Businesses and not-for-profits that received $2 million or more in PPP loans must complete one of two new loan necessity questionnaires sent to lenders by the SBA for borrowers.

The AICPA Auditing Standards Board has proposed a standard that would provide more guidance on auditing management’s estimates of the fair value of financial instruments.

By setting aside time for themselves, professionals with busy work schedules can still relax, refresh and renew to prevent burnout.

FASB recently issued a new standard that provides incremental improvements to its Accounting Standards Codification.

Skillful communication and flexibility in strategy can help tax practitioners create a plan that leads to a high-quality audit.