Featured News
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IRS announces withdrawal process for ERC claims
The IRS has announced the details of a special withdrawal process to help those who filed an employee retention credit (ERC) claim and worry about its accuracy.
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Projected tax gap jumps to $688M for tax year 2021
The projected gross tax gap jumped to $601 billion in tax year 2020 and $688 billion in tax year 2021, the IRS said last week.
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Retail sales rise in September despite headwinds
The Commerce Department reports that retail sales in September rose 0.7%, surpassing the 0.3% rise expected by economists polled by Dow Jones.
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Survey: CFOs keep focus on tech, profitability
As CFOs seek to boost profits while balancing rising operating costs, a tailored digital transformation strategy is critical, according to a new quarterly survey.
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Pool of accounting graduates shrinks, AICPA report finds
A new AICPA report finds the number of college accounting graduates took a big dip in the 2021–22 academic year, but projections for the coming academic year are trending upward.
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August job openings top 9.6M, beating expectations
The number of job openings unexpectedly rose in August, the Labor Department reported earlier this month, after three consecutive months of declines.
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AICPA releases quality management practice aid
Practitioners preparing for the new AICPA quality management (QM) standards now have access to a practice aid designed to help their cause.
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Study: Wisconsin ranks 2nd for small business survival rate
Wisconsin has the second highest chance of a small business surviving at 64.93% on a three-year average, according to a new study.
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IRS reduces PTIN fees, updates Tax Pro Account
The IRS issued rules to reduce the PTIN fee to an $11 user fee plus an $8.75 third-party contractor fee for the next three fiscal years and announced new features for Tax Pro Accounts.
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Public accounting salaries expected to rise 4.9% in 2024
A 2024 analysis of salary data projects the base pay for 11 positions in public accounting will rise 4.9% next year.