Featured News
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IRS: Free File program filings up nearly 10% this season
The IRS has reported that more than 940,000 taxpayers have already filed their returns this tax season through its Free File program, nearly a 10% increase from last year.
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IRS debunks common myths about Form 1099-K
To help taxpayers with filing, the IRS debunked some common myths to help them understand what to do with Form 1099-K.
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Employees surveyed on use of AI in HR processes
A new study reveals the benefits and challenges of artificial intelligence (AI) in the human resources industry.
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Federal court holds Corporate Transparency Act unconstitutional
Small businesses should continue to file their BOI reports while a recent court case about the constitutionality of the Corporate Transparency Act continues through the judicial process.
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Pipeline survey: Help shape the accounting profession
The National Pipeline Advisory Group (NPAG) has opened the response period for its national pipeline survey and its survey for college students.
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IRS renews focus on wealthy non-filers
The IRS has launched a new initiative to target high-income taxpayers who have failed to file federal tax returns.
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US economy grew at 3.2% annual pace in Q4
The U.S. economy grew at a 3.2% annual pace in the fourth quarter of 2023, driven by healthy consumer spending, according to the Commerce Department.
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IRS delays Form 1042 e-filing requirement
In a notice issued Tuesday, Feb. 27, the IRS said it will postpone the e-filing requirement for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
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PCAOB reconsidering auditors’ role in noncompliance reporting
The PCAOB has reopened the public comment period regarding its proposal to amend auditing standards related to the auditor's responsibility for considering a company's noncompliance.
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Guidance issued regarding USDA discrimination program
The IRS and Treasury have issued a FAQ related to the U.S. Department of Agriculture's Discrimination Financial Assistance Program.