Featured News
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Deadline nears for those eligible for pandemic-era benefits
In October, the IRS said it would leave the Free File open feature of its website open until Thursday, Nov. 17, so eligible taxpayers can claim their share of several pandemic-era tax credits.
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Focusing on wealth management
More clients are now looking to their accountants for financial advice and wealth management services.
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Crypto accounting proposal coming next year, FASB says
FASB will issue a proposal on the accounting for cryptocurrencies in the first half of next year to solicit feedback.
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Consumers turn to credit cards, loans as costs soar
More consumers opted for credit cards and unsecured loans in the third quarter of 2022 from a year earlier amid high inflation, according to a new report.
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IRS Appeals Office outlines priorities for 2023
In a new focus guide, the IRS Independent Office of Appeals outlines taxpayer service initiatives for the fiscal year 2023.
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IRS reminds tax preparers to renew their PTINs for 2023
The IRS is reminding U.S. tax professionals to renew their preparer tax identification numbers (PTINs) before the start of the 2023 tax season.
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IRS expands program for approving certain retirement plans
Treasury and the IRS have announced the expansion of one of their programs for approving retirement plans.
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FASB seeks input on proposed GAAP taxonomy improvements
FASB is seeking comments on proposed improvements to the GAAP Financial Reporting Taxonomy.
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CEOs cite consequences of not meeting ESG expectations
In a new CEO survey, global business leaders say the impact of ESG goes beyond satisfying investors and accounting standards.
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IRS seeks comments on upcoming energy guidance
The IRS has issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.