Featured News
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AICPA, NASBA seek input on new CPA pathway
The AICPA and NASBA are seeking comments for the next 60 days on an additional CPA pathway and changes to the practice mobility model.
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AICPA auditing board seeks input on new exposure drafts
The AICPA Auditing Standards Board is now accepting public comments on two separate exposure drafts.
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Treasury suspends enforcement of CTA, BOI requirements
The Treasury Department said it will no longer enforce the Corporate Transparency Act (CTA) or the associated beneficial ownership information (BOI) reporting requirements.
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PCAOB ramps up enforcement in 2024, report finds
A new report finds the PCAOB significantly increased its enforcement activities in 2024, reaching the highest level since 2017.
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PEEC releases final revised guidance for Sec. 529 plans
The AICPA Professional Ethics Executive Committee (PEEC) has released final revised guidance for Section 529 plans.
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IRS appoints Melanie Krause as acting chief
Following the retirement of Douglas O'Donnell, Treasury Secretary Scott Bessent appointed Melanie Krause as the acting commissioner of the IRS.
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AICPA asks to scale back Sec. 199A QBI deduction limit
The AICPA recently asked Congressional tax-writing committee leaders to amend the Section 199A Qualified Business Income (QBI) deduction in preparation for a tax reconciliation bill.
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IRS data shows average tax refund down 32%
Data released by the IRS last week shows the average refund in 2025 is down nearly 33% compared to the same time frame in 2024.
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Survey: CFOs planning to slow pay increases in 2025
A recent Gartner survey finds that CFOs are planning smaller pay increases for employees in 2025
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FBI warns about unpaid toll texting scam
The FBI warned the public about scams involving road toll payments sent through text messages nationwide.