Featured News
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Survey finds surge in AI adoption for finance functions
A recent survey of finance leaders reveals a growing reliance on artificial intelligence (AI) within the finance sector.
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Fed slashes interest rates by a half-point
The Federal Reserve enacted its first interest rate cut since the early days of the pandemic, slicing half a percentage point off benchmark rates to head off a slowdown in the labor market.
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AICPA, NASBA propose new pathway to CPA licensure
The AICPA and the National Association of State Boards of Accountancy (NASBA) now seek input on a proposed competency-based experience model for CPA licensure.
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DOR releases August 2024 Economic Forecast Update
The Wisconsin Department of Revenue’s (DOR’s) latest economic forecast update expects the state's unemployment rate to peak at 3.6% by 2027, compared to 4.6% nationwide.
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Bloomberg report projects tax rates to rise in 2025
Bloomberg Tax's 2025 Projected U.S. Tax Rates Report forecasts a 2.8% increase in inflation-adjusted tax amounts for 2025, a significant decrease from the 7.1% rise in 2023.
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SEC approves PCAOB system of quality control
The SEC approved a PCAOB standard establishing a risk-based quality control system for public accounting firms.
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Survey reveals growing interest in M&A
A recent survey indicates a rising interest in mergers and acquisitions (M&A) and new growth opportunities among leaders at private companies and those that have recently gone public.
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State-chartered banks performing well, DFI says
Data released by state and federal agencies indicate Wisconsin banks and credit unions are in good financial condition.
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Comments sought on SECURE 2.0 saver’s match contributions
The IRS has issued a notice requesting comments on saver's match contributions that the Treasury will pay under the SECURE 2.0 Act of 2022.
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IRS updates accounting method rules for research expenses
The IRS has updated the procedures for obtaining automatic consent to change accounting methods for research or experimental expenditures incurred after Dec. 31, 2021.