Featured News
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IRS data shows average tax refund down 32%
Data released by the IRS last week shows the average refund in 2025 is down nearly 33% compared to the same time frame in 2024.
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Survey: CFOs planning to slow pay increases in 2025
A recent Gartner survey finds that CFOs are planning smaller pay increases for employees in 2025
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FBI warns about unpaid toll texting scam
The FBI warned the public about scams involving road toll payments sent through text messages nationwide.
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AICPA ethics committee corrects authoritative guidance
The AICPA’s Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients.
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Businesses must prove their expense reductions, tax court rules
The Tax Court recently ruled that a self-employed taxpayer did not provide enough evidence to support her business expense deductions.
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BOI injunction lifted; new reporting deadline set
A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements.
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AICPA urges IRS to prioritize taxpayers
The AICPA has expressed concerns regarding potential layoffs at the IRS, urging the agency to consider the needs of taxpayers and preparers.
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AICPA auditing board approves two exposure drafts for comment
The AICPA Auditing Standards Board (ASB) voted Thursday, Feb. 13, to approve two separate exposure drafts for public comment.
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IRS sets lower auto depreciation limits
For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles.
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PCAOB withdraws proposed rules on firm and engagement metrics
The PCAOB on Tuesday, Feb. 11, withdrew its request for SEC approval of rules that would have required registered firms to report a significant new set of firm and engagement metrics.