Featured News
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GASB guidance expands risk-related reporting requirements
A new statement from the GASB requires governments to disclose concentrations and constraints that could make them vulnerable to a substantial impact.
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IRS announces start date for 2024 tax season
The tax season officially kicks off Jan. 29, which marks the first day the IRS will accept and process 2023 tax returns.
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CFO optimism rises in 2024 economic outlook
Financial executives expect solid business performance in 2024, forecasting on average 5% revenue growth and a 2.7% expansion in payrolls.
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IRS collects record-setting $4.9T in tax revenue in 2022
The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, according to a TIGTA report.
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IRS posts draft form, instructions for corporate AMT
The IRS has released a draft form and draft instructions to the form for the corporate alternative minimum tax (AMT).
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AICPA shares resources for BOI reporting
The AICPA recently shared several resources to help tax professionals navigate the new beneficial ownership information (BOI) reporting requirement.
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Labor Department proposes new fiduciary rule
Many financial advisers who offer retirement investment advice would be subject to new ethical requirements under recently proposed regulations.
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Small businesses saw job growth for all of 2023, report finds
U.S. small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33 straight months, according to a year-end data report.
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Survey: Accountants with dual certifications earn more
Accountants in the U.S. who hold both CPA and CMA designations earn over $38,000 more than their noncertified peers, according to a recent salary survey.
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IRS updates FAQ on clean vehicle credits
The IRS recently updated the FAQ section of its fact sheet that provides guidance related to clean vehicle credits.