Featured News
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DOR releases August 2023 Economic Forecast Update
The Wisconsin Department of Revenue’s (DOR’s) latest economic forecast update delays the expected period of slow growth to start by mid-2024.
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IRS orders immediate stop to new ERC processing
The IRS has ordered an immediate stop to processing employee retention credit (ERC) claims amid a surge of scams.
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New guidance issued for corporate alternative minimum tax
New interim guidance from the IRS and Treasury aims to help corporations determine whether the new corporate alternative minimum tax (CAMT) applies to them and how to compute the tax.
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IRS provides guidance for amortization of R&E expenditures
The IRS has provided interim guidance for the amortization of specified research and experimental expenditures (R&E).
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IRS vows new enforcement efforts using AI
The IRS is deploying cutting-edge technology like artificial intelligence (AI) to identify and begin examinations of large partnerships with billions of dollars in assets.
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FASAB seeks feedback on MD&A guidance
The FASAB is seeking feedback on an exposure draft aimed at updating the guidance for management discussion and analysis (MD&A).
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IRS reminds gig workers, self-employed of Q3 deadline
The IRS is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Friday, Sept. 15.
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FASB approves crypto-asset standard
The FASB has approved a new standard for measuring the changes in value of cryptocurrencies like Bitcoin.
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Building a CAS practice to meet growing demand
Building a client advisory services (CAS) practice can take some time, but new survey data shows it is more than worth the investment.
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AICPA seeks input on proposed changes to QM standards
The AICPA Auditing Standards Board is seeking comments on proposed changes to align quality management standards with standards for audits, reviews and compilations.