Featured News
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Wisconsin’s state-chartered banks report sound Q3 financial performance
Wisconsin’s state-chartered banks reported sound financial performance through the third quarter of 2025, according to new data from the Wisconsin Department of Financial Institutions.
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Protecting your firm from AI-powered cyberattacks
Employee training and affordable security tools can level the playing field against hackers who use artificial intelligence to target small businesses.
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New IRS regulations reshape 1% stock buyback tax
The IRS finalized regulations for the 1% excise tax on corporate stock repurchases under Sec. 4501 — and one heavily criticized proposed provision is gone.
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IRS seeks comments on OBBBA tax credit scholarship program
The IRS is seeking feedback on the implementation of a new federal tax credit scholarship program under the One Big Beautiful Bill Act.
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Report: Black Friday sales increased 4.1% this year
Sales on Black Friday rose from a year earlier, according to a key data provider — a sign that U.S. consumers are continuing to spend despite persistent economic concerns.
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FASB updates guidance for hedge accounting, purchased loans
The FASB on Tuesday, Nov. 25, published two Accounting Standards Updates aimed at improving its guidance on hedge accounting and purchased loans.
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IRS issues guidance for tax on tips and overtime income
The IRS recently issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025.
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AICPA asks IRS to change approach to dual consolidated losses
The AICPA has asked the IRS and Treasury to allow an exception to its “all or nothing” approach to dual consolidated losses so that companies aren’t unnecessarily penalized.
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FASB report reveals high costs of 2016 leasing standard
After a post-implementation review of its 2016 leasing standard, the FASB revealed that the implementation costs were significantly higher than anticipated.
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NTA: About 1M taxpayers to get automatic penalty relief in 2026
The IRS recently said it will provide penalty relief to about 1 million taxpayers automatically starting next year.