Featured News
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Survey: 79% of accounting students confident in their career choice
As fewer people pursue accounting careers, those who do are looking to have an impact on more than just an organization’s books.
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Taxpayers may digitally submit tax documents sooner, says Yellen
Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned.
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Big companies have big hopes for 2024, survey finds
About two-thirds of US large-company CEOs believe 2024 will bring better financial fortunes for their organizations, according to a survey.
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Survey: Most execs don’t see AI shrinking financial teams
A new survey finds that more than half of senior financial leaders do not think artificial intelligence (AI) will shrink their financial reporting teams.
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IRS issues adjustments to 2024 retirement account limits
The IRS issued inflation-adjusted limits on benefits and contributions for various retirement accounts, including the maximum contribution amounts for 401(k) plans and IRAs.
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AICPA, others call for extension of BOI report deadline
In a letter to Treasury’s Financial Crimes Enforcement Network, the AICPA and others call for a one-year extension of the beneficial ownership information (BOI) reporting deadline.
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IRS expands staffing to improve taxpayer services
The IRS has increased staffing at its Taxpayer Assistance Centers by 31% during fiscal 2023, thanks to funding from the Inflation Reduction Act.
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Fed keeps rates unchanged for second time
The Federal Reserve held interest rates steady on Wednesday, Nov. 1, but left the door open to a further increase in borrowing costs.
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DOR releases October 2023 tax bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for October 2023.
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IRS to allow certain e-signatures indefinitely
The IRS will allow the use of electronic signatures on certain tax forms indefinitely, the agency announced earlier this month.