Featured News
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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.
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IRS to issue more refunds if child tax credit bill passes
IRS Commissioner Daniel Werfel has assured parents that they don't need to wait to file their 2024 tax returns while a child tax bill is pending in the Senate.
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IRS to begin audits of corporate jet usage
The IRS will soon conduct audits on businesses' private jets to ensure that executives are not abusing tax deductions.
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Interest rates remain the same for Q2 2024
The IRS said Wednesday, Feb. 21, that interest rates will remain the same for the calendar quarter beginning April 1.