Featured News
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November saw inflation begin to cool
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve.
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Cybersecurity pressures stretch CFOs
CFOs are bracing for new SEC cybersecurity rules set to kick in this month as the regulator is already signaling an aggressive enforcement posture.
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WICPA supports request to delay BOI reporting requirements
The WICPA has joined the AICPA and other state societies calling for a delay of the beneficial ownership information (BOI) reporting requirements set to go into effect Jan. 1.
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IRS updates FSA amounts for 2024
Starting next year, employees can contribute up to $3,200 tax-free to a flexible spending account (FSA) through payroll deduction.
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PEEC releases ethics guidance related to public interest entities
The AICPA Professional Ethics Executive Committee (PEEC) has released new authoritative guidance related to public interest entities.
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IRS shoots down rumors of more stimulus checks
The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of viral social media posts.
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CPA decision-makers more hesitant to hire amid uncertainty
Pessimism about the U.S. economy rose in a quarterly economic survey, fueling a slowdown in hiring even as decision-makers remain cautiously optimistic about their own companies.
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IRS rejects 20K questionable ERC claims
The IRS is acting against scammers and promoters of the employee retention credit (ERC) by sending out more than 20,000 disallowance letters.
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Beware crypto ‘hog butchering’ scams
IRS Criminal Investigation special agents have seen an uptick in a specific type of scam that couples cryptocurrency with romance.
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AICPA seeks comments on stablecoin criteria
The AICPA issued an exposure draft to provide a framework that presents information about stablecoins and the assets that back them to provide transparency for digital asset holders.