Featured News
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DOR: Third-party MTA users can close business tax accounts
The Wisconsin Department of Revenue (DOR) has introduced a new feature that enables third-party My Tax Account (MTA) users to request the inactivation of most business tax accounts.
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Financial restatements drop by 50%, CAQ study finds
According to a Center for Audit Quality study, the number of financial restatements filed with the SEC dropped by more than 50% from 2013 to 2022.
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Report: Small businesses hired at slower rate in June
A new report finds that small businesses with fewer than 50 employees added jobs in June but at a slower pace than in May.
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Survey: Tax pros want quicker answers from IRS
Almost two-thirds of tax professionals who responded to an annual AICPA survey about IRS customer service said it takes over 90 days for the agency to respond to correspondence.
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US inflation slowing again, says Fed Chair Powell
Inflation in the U.S. is slowing again, according to Federal Reserve Chair Jerome Powell, who added that the Fed will need more evidence before considering interest rate cuts.
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Identity thieves continue to target tax pros, IRS warns
The IRS has issued another warning to tax professionals about the increasing threat of identity theft.
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Final regulations issued on stock repurchase tax
The IRS and Treasury have issued final regulations that provide guidance on reporting and paying the 1% excise tax owed on corporate stock repurchases.
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IRS issues final regulations for reporting digital assets
Final regulations from the IRS now require custodial brokers to report certain sale and exchange transactions of digital assets beginning in 2026 for transactions in calendar year 2025.
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Maximizing the potential of a multigenerational workforce
By harnessing the strengths of each generation in the workforce, you can create a significant upside for your business — and help position your firm for future success.
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FASB sets compliance clock for expense disclosure rules
New rules from FASB will require public companies to detail "relevant" expense line items on their income statement.