Featured News
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Risk management lessons from the pandemic
Executives are still learning important takeaways from the COVID-19 pandemic, says one risk management expert, and planning ahead for risks is crucial to their company’s success.
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Firms go beyond traditional services
Many accounting firms are moving beyond traditional accounting and compliance services and offering more strategic offerings, according to a new survey.
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Business interest expense limitation guidance
The IRS has issued a long-awaited package of guidance regarding the Sec. 163(j) limitation on business interest expense deductions.
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DOR offers limited in-person appointments
The Wisconsin Department of Revenue is now offering limited in-person appointments at its Appleton, Eau Claire, Madison, Milwaukee and Wausau offices.
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New cloud computing standard reduces complexity
A new FASB standard reduces the complexity in accounting for the costs of implementing a cloud computing service arrangement.
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New loan program for west-central Wisconsin
The U.S. Economic Development Administration recently awarded the West Central Wisconsin Regional Planning Commission funds for a new loan program in seven counties.
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Recapturing excess employment tax credits
The IRS has issued temporary and proposed regulations on how it will recapture excess credits taken by employers under certain coronavirus relief legislation.
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IRS slows down on in-person audits
The IRS will continue to rely on remote contact between its employees and taxpayers for the vast majority of its cases, according to a new memo.
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Temporary changes re charitable contributions
Individuals and businesses may take advantage of temporary changes this year involving charitable contributions, the IRS recently announced.
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IRS unveils 2020 list of tax scams
The IRS recently unveiled its annual Dirty Dozen list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief.