Featured News
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IRS revises Form 1099-K FAQ
In an updated FAQ webpage, the IRS offers more clarification for handling issues related to Form 1099-K.
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FASB proposes changes to crypto accounting, disclosure
FASB is seeking comments on a proposed Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets.
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SEC moves toward requiring electronic filings
The SEC has proposed amendments that would require registrants to file a number of submissions electronically.
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IRS sets initial guidance on NFTs, seeks feedback
The IRS and Treasury are leaning toward treating NFTs as a collectible for tax purposes in new initial guidance.
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Fed hikes rates by a quarter percentage point
The Federal Reserve has enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end.
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IRS posts medical expenses FAQ
In a new FAQ, the IRS lays out what medical savings accounts can cover when it comes to nutrition, wellness, general health and more.
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FASAB bulletin addresses reimbursable work agreements
A new FASAB technical bulletin addresses accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54 and other relevant statements.
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Small business job growth improves, report finds
The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry, according to a new employment report.
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SEC reopens comment period on cybersecurity proposals
The SEC reopened the comment period on proposed rules and amendments related to cybersecurity risk management and disclosure.
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FASB proposes enhancements to income tax disclosures
FASB is seeking comments on a proposed Accounting Standards Update that addresses requests for improved income tax disclosures.