Featured News
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IRS seeks input on dispute resolution programs
The IRS is seeking public input on improvements to certain post-filing alternative dispute resolution (ADR) programs currently offered to taxpayers.
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SEC adopts cybersecurity disclosure rules
The SEC adopted final rules requiring companies that file documents with the commission to disclose material cybersecurity incidents.
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IRS increases scrutiny of ERC claims
As the IRS continues to process employee retention credit (ERC) claims, Commissioner Danny Werfel said the agency has entered a new phase of increasing scrutiny on dubious submissions.
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Survey: CFOs more focused on workforce growth, tech
A new survey finds CFOs are now heavily focused on two areas that could lead to revenue gains: growing their workforce and investing in technology.
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AICPA introduces strategy planning toolkit for firms
The AICPA's Private Companies Practice Section (PCPS) has introduced a strategy planning toolkit designed to assist accounting firms in business model transformation.
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DOR releases July 2023 tax bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for July 2023, which outlines the tax laws changed by the state’s repeal of the personal property tax.
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PCAOB report: Audit deficiencies rose again in 2022
The number of audit deficiencies found during PCAOB inspections showed another year-over-year increase in 2022, according to a new board staff report.
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Fed raises key interest rate
The Federal Reserve announced Wednesday, July 26, it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years.
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Improving small business financial confidence
Leveraging data, maintaining a cash reserve and hiring an accountant are all steps that can help small businesses build confidence around their financial decisions.
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IRS ends unannounced visits by agents
The IRS announced Monday, July 24, that it will end its policy of unannounced visits to taxpayers by agency revenue officers.