Featured News
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IRS data shows average tax refund amount up nearly 2% from 2024
In mid-October, the IRS released updated 2025 tax season statistics that showed a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.
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AICPA releases generative AI resource tool for CPA firms
The AICPA has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.
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IRS reminds tax pros to renew PTINs for 2026
The IRS is reminding tax preparers that the 2026 renewal period for preparer tax identification numbers (PTINs) is now open.
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DOR releases October 2025 tax bulletin
The latest state tax bulletin from the Wisconsin DOR outlines new income and franchise tax updates, sales and use tax updates, and reports on enforcement and litigation.
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Accounting firms plan to boost hiring in 2025, survey finds
According to a recent survey by the AICPA, 75% of accounting firms that hired new staffers in 2024 anticipate maintaining or increasing their hiring levels in 2025.
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Social Security wage base, COLA announced for 2026
Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration (SSA) said Friday, Oct. 24.
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FASB reviews decade of lease standards
Nearly ten years after introducing its lease accounting standards, the FASB is concluding a formal review of the lessons learned.
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Report: Promotion opportunities abound for CFO hopefuls
Trends from the first half of 2025 suggest that opportunity is knocking for finance professionals seeking a CFO role — particularly those seeking an in-house promotion.
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AICPA asks IRS for clearer tax guidance on tips and overtime
In a letter to the IRS, the AICPA requested guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the One Big Beautiful Bill Act.
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Nominations now open for 2025 Governor’s Financial Literacy Awards
The Governor’s Council on Financial Literacy and Capability is now accepting nominations for its 2025 Governor’s Financial Literacy Awards.