Featured News
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DOR issues proposed guidance for one-time audit relief
The Wisconsin Department of Revenue is accepting comments on its proposed guidance for a one-time audit relief provided under Act 10.
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Optimism wanes despite strong Wisconsin economy
Wisconsin’s economy remains strong, but respondents of a semi-annual outlook survey are less optimistic than last year.
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Income growth reduces Wisconsin tax burden
Growth in personal income helped push down the share of income Wisconsinites paid in state and local taxes in fiscal year 2019, according to a new report.
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IRS audit rate lower than ever
U.S. taxpayers are half as likely to get audited by the IRS as they were a decade ago, according to new data.
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Stress management for CPAs
Busy season is approaching, and with it, increased stress. The best way to manage stress is to treat your body and mind with care and consideration – both inside and outside the office.
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What to expect for the 2020 tax filing season
In 2019, tax preparers were getting acquainted with the changes under the Tax Cuts and Jobs Act. This tax season, CPAs can apply their knowledge with greater efficiency and thoroughness.
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More banking opportunities for Wisconsin hemp businesses
Wisconsin hemp-related businesses may have more banking opportunities in 2020, according to a recent survey.
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IRS issues 2020 standard mileage rates
The IRS has issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating a vehicle for specific purposes.
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Preparing for panicked potential clients
There are several ways CPAs can conserve billable hours while courting potential new clients during busy season, but it’s best to plan for them now.
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Tax season begins Jan. 27
The IRS will accept and process 2019 individual income tax returns starting Monday, Jan. 27.