Featured News
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Report: M&A activity on track to accelerate in 2025
U.S. merger-and-acquisition (M&A) activity remains on track to accelerate in 2025, despite signals from the Federal Reserve that it may slow the pace of trimming interest rates next year.
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DOJ asks Supreme Court to block injunction on BOI reporting
The DOJ is asking the Supreme Court to block the district court injunction that is preventing the government from enforcing beneficial ownership information (BOI) reporting requirements.
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Alternative methods allowed for digital asset identification
The IRS provided temporary relief that permits eligible taxpayers to use alternative methods to make adequate identification of digital asset units sold, disposed of, or transferred in 2025.
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Survey: Most US companies plan to add positions in 2025
A new hiring survey finds six in 10 U.S. companies plan to add new positions in the first half of 2025.
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IRS proposes new rules for tax professionals
Treasury and the IRS have proposed regulations to update the rules that govern practice for the IRS.
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Report: Audit fees poised to increase further
A recent report finds that the increase in audit fees will likely continue amid changes to internal control over financial reporting and inflationary pressures.
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Appeals court reinstates injunction that halts BOI enforcement
A federal appeals court on Thursday, Dec. 26, reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements.
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SEC approves PCAOB’s 2025 budget
The SEC voted Wednesday, Dec. 18, to approve the Public Company Accounting Oversight Board’s 2025 budget and the related annual accounting support fee.
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Business standard mileage rate increases for 2025
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven in 2025, up 3 cents from 2024.
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US economy grows at 3.1% pace in Q3
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports.