Featured News
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IRS expands online accounts
The IRS announced the expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan.
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FinCEN extends most BOI deadlines to Jan. 13, 2025
Hours after a Monday court ruling reinstated the beneficial ownership information (BOI) reporting requirement, FinCEN extended the deadline for most reporting companies.
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BOI injunction lifted; reporting deadline is Jan. 1, 2025
The initial deadline for companies to file beneficial ownership information (BOI) reports was reinstated Monday, Dec. 23, by an appellate court's emergency stay of an injunction pending appeal.
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FASB proposes guidance on environmental credit disclosure
A new FASB proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.
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IRS amends rules for computing premium tax credit
Final regulations from the IRS amend the definition of “coverage month” and certain other rules in existing income tax regulations regarding the computation of a taxpayer’s premium tax credit.
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Fed lowers rates but points to fewer cuts in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point to a range of 4.25%-4.5%, but policymakers signaled caution about additional rate cuts next year.
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PEEC issues recruiting guidance, exposure draft
The AICPA Professional Ethics Executive Committee (PEEC) has released new ethics guidance related to recruiting services for attest clients.
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DOR announces local sales and use tax rates for 2025
The Wisconsin Department of Revenue (DOR) has announced new local sales and use tax rates for 2025.
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WICPA joins coalition urging Treasury, FinCEN to address BOI concerns
In a letter to Treasury and FinCEN, the WICPA has joined the AICPA and other state societies to express concern about the upcoming Beneficial Ownership Information (BOI) deadline.
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Survey: More CPA leaders gravitating toward gen AI
A recent survey from AICPA & CIMA finds CPA decision-makers grew more interested in the use of generative artificial intelligence (AI) tools over the past year.