Featured News
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IRS reminds gig workers, self-employed of Q3 deadline
The IRS is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Friday, Sept. 15.
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FASB approves crypto-asset standard
The FASB has approved a new standard for measuring the changes in value of cryptocurrencies like Bitcoin.
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Building a CAS practice to meet growing demand
Building a client advisory services (CAS) practice can take some time, but new survey data shows it is more than worth the investment.
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AICPA seeks input on proposed changes to QM standards
The AICPA Auditing Standards Board is seeking comments on proposed changes to align quality management standards with standards for audits, reviews and compilations.
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Businesses required to e-file Form 8300 for cash payments over $10K
Starting Jan. 1, the IRS will require businesses to e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.
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Survey: AI optimism is high among finance professionals
According to a recent global survey, two-thirds of finance professionals said artificial intelligence (AI) will have a significant impact on their profession in the next five years.
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Two-year reprieve granted from Roth catch-up requirement
The IRS is giving higher-income participants in a 401(k) or similar retirement plan a two-year delay to designate their catch-up contributions as after-tax contributions to Roth IRAs.
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IRS asked to address issues with Forms 3520, 3520-A
In comment letters sent to the IRS, the AICPA requested improvements to two tax returns pertaining to foreign trusts.
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New rules proposed for claiming clean energy tax credits
Proposed regulations for claiming clean energy tax credits include prevailing wage and registered apprenticeship requirements for applicable projects.
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AICPA coalition urges delay of new BOI reporting requirement
The AICPA, along with other organizations, is calling for the delay of a new beneficial ownership information (BOI) reporting requirement that applies to most U.S. companies.