Featured News
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PCAOB proposals seek more disclosures from firms
New PCAOB proposals cover 11 firm and engagement metrics as well as new annual and special reporting requirements in five key areas.
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Wisconsin DECA seeks volunteer judges for virtual event
Wisconsin DECA is seeking volunteer judges for its Virtual Expect Excellence practice event on Tuesday, April 16, and Wednesday, April 17.
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Two home energy rebates not included in gross income, IRS says
The IRS said it will not include the rebates provided under the Inflation Reduction Act of 2022 in individual purchasers’ gross income or in the cost basis of the property purchased.
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WICPA joins AICPA in letter concerning BOI rollout
In a letter addressed to Treasury and FinCEN, the AICPA and all other state CPA societies voiced serious concerns regarding the enforcement of the BOI reporting requirements.
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IRS makes changes to Transcript Delivery System
The IRS recently informed tax professionals that they will need to call the Practitioner Priority Service (PPS) to request the deposit of transcripts into their Secure Object Repository (SOR).
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Study: Using AI in accounting poses audit risks
According to the Center for Audit Quality, CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks.
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Report: Small Businesses showed slight job growth in March
Hiring by small businesses rose slightly in March, while hourly earnings growth continued a steady decline that began in mid-2022.
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Moving more quickly with Excel’s Navigation Pane
The Navigation Pane in Excel is a useful tool that provides a way to quickly navigate through specific sheets, cells, tables, charts or other objects within a workbook.
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IRS investigates nearly $9B in pandemic fraud
Over the last four years, the IRS has investigated 1,644 tax and money laundering cases related to COVID-19 fraud totaling $8.9 billion.
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CFOs trim hiring while adopting automation, survey finds
A recent Fed quarterly survey found that nearly four out of 10 CFOs are scaling back hiring while automating tasks with new software, equipment and other technology.