Featured Accounting News

More than 60% of workers 50 or older are actively withdrawing from retirement accounts to cover everyday expenses, according to a recent report.

According to a new Gallup poll, more American workers are integrating artificial intelligence into their jobs, yet skepticism about the technology persists.

Uncredentialed preparers of tax returns often produced returns containing basic errors, inflated deductions, and misapplied credits, an investigation during the 2025 filing season found.

The IRS and Treasury have finalized rules for the “no tax on tips” provision under the One Big Beautiful Bill Act, defining eligible occupations and what counts as “qualified tips.”

GASB has proposed new guidance to improve the financial reporting requirements for infrastructure assets.

For accounting firms juggling numerous client portals, tax platforms and cloud services, password fatigue can lead to riskier behavior — like reusing passwords.

The IRS recently expanded the business tax account to millions of entities that did not previously have access to the online, self-service platform.

A recent survey has found that Americans feel slightly better about their financial situation heading into the next 12 months than they did one year ago.

Based on a survey of 1,400 finance chiefs and senior financial decision-makers across eight highly developed countries, those in the U.S. were characterized as “measured.”

The latest IRS statistics show that, as of March 20, the average tax refund this year is $3,571, a 10.9% increase from last year’s average of $3,221.

The IRS recently announced that taxpayers have enrolled more than 4 million children for tax-favored Trump Accounts, with more than 1 million opting for the $1,000 pilot program contribution.

Gov. Tony Evers vetoed a bill on Friday, April 3, that would have eliminated state income tax on tips, objecting to the temporary income tax provision.

The IRS recently issued Notice 2026-24, which offers relief for qualifying farmers and fishermen who may be subject to penalties for underpayment of estimated income taxes.

A bipartisan bill to expand the options available for CPA licensure in Wisconsin was signed into law on Thursday, April 2, by Gov. Tony Evers.

The PCAOB is seeking public comment on its strategic priorities, which will help inform development of the 2026–2030 strategic plan and guide focus areas for future standard-setting.

By aligning BSA/AML readiness with existing quality-control practices, firms can enhance client relationships and streamline banking interactions.

The largest year-over-year rise in job mentions that require artificial intelligence or machine learning capabilities is the role of accountant, according to a new report.

Limited resources and a duplicative review process contributed to IRS problems with auditing large partnerships, a government watchdog said in a review issued earlier this month.

The average tax refund is up by more than $350 year-over-year, according to data released by the IRS at the end of February.

The IRS and Treasury are asking stakeholders to submit recommendations by Friday, May 29, on items to include in the agency’s 2026-2027 Priority Guidance Plan.