Featured News
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GASB addresses disclosure, classification of capital assets
A new GASB proposal would establish requirements for the separate disclosure of certain types of capital assets for the purposes of note disclosures.
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New PCAOB standard addresses confirmation in the audit
A new PCAOB standard aims to modernize the process that auditors use to verify information via a third party about one or more financial statement assertions.
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Enhancing client trust with expanded offerings
Prioritizing communication, building a client-centric culture and gathering feedback will help you strengthen that trust while meeting your client’s needs and adding value.
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OPR publishes letter to request tax info in case files
CPAs and other individuals who practice before the IRS can use a new letter as a standard form for requesting tax information obtained as part of an inquiry into Circular 230 violations.
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Gen Z employees hungry for mentorship, survey finds
A recent survey of young workers found that many are not getting the mentorship they crave and the training they need.
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BOI reports deadline extension proposed for certain companies
Companies registered or created in 2024 would get an extended deadline to file beneficial ownership information reports, while other companies would not, under newly proposed rules.
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IRS expands use of chatbots to help taxpayers
The IRS has announced the availability of expanded chatbot technology to help quickly answer basic questions for people receiving notices about possibly underreporting their taxes.
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Special per diem rate for business travel rises
Starting Sunday, Oct. 1, the special per diem rates taxpayers may use to substantiate ordinary and necessary business expenses for travel away from home will go up, the IRS announced.
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Treasury releases IRS plan for government shutdown
The Treasury Department has released a contingency plan in anticipation of a government shutdown, which is likely to occur over the weekend.
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Small business confidence hits post-pandemic high
Confidence among small businesses hit a post-pandemic high in recent weeks as fears of recession waned, according to the latest quarterly survey from the U.S. Chamber of Commerce.