Featured News
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IRS increases special per diem rate for business travel
The IRS will increase the special per diem rates that a taxpayer uses for travel and business expenses starting Tuesday, Oct. 1.
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Tax pros sought for IRS survey
The IRS is reaching out to tax professionals with a voluntary survey aimed at improving services for both practitioners and taxpayers.
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Survey: Most CEOs expect full return-to-office in 3 years
A new survey finds that most CEOs (83%) predict that companies will shift to require a “full” return of employees to in-office work in the next three years.
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PCAOB shares best practices for auditor independence
The PCAOB has released recommendations to enhance auditor independence, a critical aspect of ensuring quality control within firms.
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IRS finalizes estate property reporting rules
The IRS released final regulations on consistent-basis reporting for property acquired from a decedent.
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Tax Court halts start-up cost deductions in new case
A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground, the Tax Court ruled in a recent case.
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IRS issues proposed regulations for corporate AMT
The IRS has issued proposed regulations addressing the application of the Sec. 55 corporate alternative minimum tax (AMT).
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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.