Featured News
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WICPA supports request to delay BOI reporting requirements
The WICPA has joined the AICPA and other state societies calling for a delay of the beneficial ownership information (BOI) reporting requirements set to go into effect Jan. 1.
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IRS updates FSA amounts for 2024
Starting next year, employees can contribute up to $3,200 tax-free to a flexible spending account (FSA) through payroll deduction.
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PEEC releases ethics guidance related to public interest entities
The AICPA Professional Ethics Executive Committee (PEEC) has released new authoritative guidance related to public interest entities.
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IRS shoots down rumors of more stimulus checks
The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of viral social media posts.
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CPA decision-makers more hesitant to hire amid uncertainty
Pessimism about the U.S. economy rose in a quarterly economic survey, fueling a slowdown in hiring even as decision-makers remain cautiously optimistic about their own companies.
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IRS rejects 20K questionable ERC claims
The IRS is acting against scammers and promoters of the employee retention credit (ERC) by sending out more than 20,000 disallowance letters.
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Beware crypto ‘hog butchering’ scams
IRS Criminal Investigation special agents have seen an uptick in a specific type of scam that couples cryptocurrency with romance.
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AICPA seeks comments on stablecoin criteria
The AICPA issued an exposure draft to provide a framework that presents information about stablecoins and the assets that back them to provide transparency for digital asset holders.
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Gov. Evers signs financial literacy bill for high schools
Gov. Evers signed into law a WICPA-supported bill that requires high school students to complete at least one-half credit of personal financial literacy to graduate.
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IRS offers new guidance on clean vehicle manufacturing
Proposed regulations from the IRS provide definitions and proposed rules for qualified manufacturers of vehicles to determine eligibility for the clean vehicle tax credit.