Featured News
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Fed minutes suggest ‘likely’ rate cut in September
Federal Reserve officials held off on cutting interest rates at their July meeting, but minutes from the meeting show they are poised to lower them at their meeting in September.
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IRS issues 401(k) match guidance for student loan payments
The IRS issued interim guidance on employer matching contributions made to retirement plans for student loan payments made by their workers.
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IRS keeps interest rates the same for Q4
Interest rates will remain the same for the calendar quarter beginning on Oct. 1, the IRS said on Wednesday, Aug. 21.
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Federal judge overturns FTC noncompete ban
A federal judge in Texas has blocked a new rule from the FTC that would have made it easier for employees to quit a job and work for a competitor.
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Wisconsin to join Direct File program in 2025
Eligible Wisconsin taxpayers will have the option to file their taxes online directly using the IRS Direct File program in 2025.
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AICPA joins coalition to fight intensifying tax scams
Over 60 groups, including the AICPA, have formed a coalition to fight scams and schemes directed at taxpayers that intensified during the previous filing season.
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Survey: Half of small businesses face financial literacy woes
A new survey finds that 50% of small business owners actively face fiscal challenges due to a lack of financial literacy.
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IRS updates security plan guide for tax pros
The IRS updated its written information security plan (WISP) template to help protect tax practitioners and their clients from identity thieves.
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US small business confidence hits 2 1/2-year high
U.S. small business confidence reached its highest level since February 2022 in July, indicating that fears of a recession were overblown.
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IRS shares new draft version of crypto tax form
The IRS has released an updated draft version of Form 1099-DA, which cryptocurrency brokers will use to report digital asset transactions starting in 2025.