Featured News
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AICPA asks IRS to simplify revised version of Form 8308
The AICPA has asked the IRS to simplify the 2023 version of Form 8308, Report of a Sale or Exchange of Certain Partnership Interests.
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IRS pays out more claims for ERC program
The IRS is paying out more claims for the Employee Retention Credit (ERC) program while intensifying its audits and investigations into potential fraud and abuse.
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Companies with 'unstructured data' struggle with AI prep
A new survey finds that the boom in artificial intelligence (AI) technology tools is forcing companies to consider data management upgrades.
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IRS requires tax pros to use MFA for account security
The IRS and its Security Summit partners have made multi-factor authentication (MFA) mandatory for tax professionals to protect clients' sensitive information.
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FASB releases 2024 Investor Outlook report
The FASB released its 2024 Investor Outreach Report, highlighting the board's engagement with investors.
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Tax pro complaint leads to review of advocate phone service
A tax practitioner’s complaint about the long wait for a response to help a client with financial hardship led to an unflattering review by the Treasury Inspector General for Tax Administration.
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Survey: 60% of firms expect to hold finance staffing steady
While most firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent survey.
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NPAG publishes accounting talent strategy report
The National Pipeline Advisory Group (NPAG) has published a report that calls for a profession-wide effort to bolster the supply of accounting talent.
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Nationwide effort to add accounting to STEM education moves forward
The AICPA and all 54 state CPA societies, including the WICPA, sent a letter to the Department of Homeland Security (DHS) requesting it add accounting to its STEM education.
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AICPA offers comments on domestic content bonus credit
The AICPA has provided recommendations to the IRS and Treasury on interim guidance regarding the domestic content bonus credit.