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Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.

The Governmental Accounting Standards Board (GASB) recently issued Implementation Guidance Update — 2025, a guide updated for the first time in nearly two years.

With today’s economic uncertainty, companies are looking hard at the increasing cost of employee health benefits.

The IRS has announced improvements to its Pre-Filing Agreement program to provide greater tax certainty for large business and international taxpayers.

The IRS has provided additional transitional relief for brokers who must report certain digital asset sales and exchanges on Form 1099-DA.

A new report found that nearly three-quarters of accounting firms saw an increase in revenue (74%) and profits (73%) in the past year.

The AICPA has extended the deadline for its National Management of an Accounting Practice (MAP) Survey to Friday, July 18.

The AICPA recommended 183 changes to the IRS’s 2025–2026 Priority Guidance Plan and encouraged the agency to continue to pursue tax simplification.

The Federal Reserve on Wednesday, June 18, kept interest rates steady amid expectations of higher inflation and lower economic growth ahead.

Personal income in Wisconsin increased 4.9% in 2024 and is projected to grow more than 4% annually over the forecast horizon, according to the Wisconsin Department of Revenue’s (DOR) May 2025 Economic Forecast Update.