Featured News
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Fed hikes interest rates again to combat inflation
The Federal Reserve plowed ahead with a fourth straight historically large interest hike Wednesday, Nov. 2, to combat soaring inflation.
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IRS gets jump-start on hiring for next tax-filing season
The IRS has hired 4,000 new customer service representatives to answer phones and provide other services, with more on the way.
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IRS updates tax gap estimates
The IRS recently released a new set of tax gap estimates for tax years 2104 through 2016 showing the estimated gross tax gap increased to $496 billion.
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IRS offers new process for reporting ERC mills
The IRS now offers a new way for CPAs and other professionals to make anonymous reports about third-party vendors who promote improper claims for the employee retention credit.
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FASB seeks input on proposed changes to accounting for joint ventures
FASB is seeking feedback on its proposed changes to accounting for joint ventures that provide investors with more information in a joint venture’s separate financial statements.
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DOR releases October 2022 Wisconsin Tax Bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for October 2022.
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SEC adopts bonus clawback rules
The SEC recently adopted bonus clawback rules that come amid a broader push by the commission for more transparency and disclosures in financial reports.
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New pilot program aims to thwart line-jumping on IRS calls
A new pilot program from the IRS aims to thwart services that allow callers to jump ahead in the IRS Practitioner Priority Service phone queue.
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Managing AP amid high inflation
As inflation reaches generational highs, organizations are looking to build more resilient businesses that can withstand rising prices and the higher cost of capital.
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2023 retirement account inflation adjustments issued
The IRS issued the retirement account inflation adjustments for 2023, including the maximum contribution amounts for 401(k) plans and IRAs.