Featured News
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FASAB committee proposes changes to guidance on leases
The Accounting and Auditing Policy Committee (AAPC) of the Federal Accounting Standards Advisory Board (FASAB) has proposed updates to a technical release on leases.
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Marketing your firm’s advisory services
Accounting firms can leverage their digital marketing channels, establish themselves as thought leaders, host events and network to promote their advisory services.
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Wisconsin unemployment rate hits record low
A new report from the Department of Workforce Development shows Wisconsin’s seasonally adjusted unemployment rate dropped to a record low of 2.4%.
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IRS renews alert for ERC scams
As aggressive marketing continues, the IRS has renewed an alert for businesses to watch out for tell-tale signs of misleading claims involving the employee retention credit (ERC).
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IRS flags 1M tax returns for potential identity fraud
As of March 2, the IRS flagged 1.1 million tax returns with $6.3 billion in refunds for potential identity fraud.
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US economic growth hits 13-month high
U.S. economic activity rose in May to the highest pace in 13 months, showing persistent resilience to rising interest rates and high inflation.
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AICPA submits suggestions for IRS Guidance Priority List
The AICPA recently submitted a letter to the IRS containing 182 suggestions regarding the 2023-2024 Guidance Priority List.
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Survey: American finances sapped by inflation in 2022
Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings, according to a new Federal Reserve survey.
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Interest rates remain the same for Q3 2023
The IRS has announced that interest rates will remain the same for the third quarter, which begins on Saturday, July 1.
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SEC proposals address risk management for clearinghouses
The SEC has proposed rule amendments and a new rule that would require clearinghouses to enhance their risk management and recovery planning.