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The U.S. economy plunged at an unprecedented rate in Q2 and, despite positive predictions for Q3, will likely shrink overall this year for the first time since the Great Recession.

The DOR is soliciting comments concerning the economic effect of a proposed administrative rule relating to the credit for tax paid to other states.

Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or KPIs can raise public confidence in the information.

By assisting new and existing clients during the COVID-19 pandemic, CPAs can build upon their success by maintaining strong client relationships.

U.S. finance executives rank the safety of employees and customers as their greatest pandemic-related business concern, according to a third-quarter survey.

Clients in the alcohol shipping market will soon be eligible to receive some relief for their sales tax obligations under the latest streamlined sales tax agreement.

The AICPA has added to its FAQs webpage that provides guidance for health care entities on COVID-19 pandemic-related questions.

Gov. Tony Evers is directing more than $5 million of federal funding to expand broadband internet in unserved and underserved areas of the state.

The IRS will treat tax returns with a Sept. 15 due date affected by an e-filing software outage as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17.

Final regulations recently issued by the IRS provide guidance on additional first-year (bonus) depreciation under Sec. 168(k).