Featured News
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Fed unveils biggest rate hike since 1994
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday, June 15, to step a disruptive surge in inflation.
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Making better decisions without overthinking them
Rather than overthinking business decisions, leaders can use certain steps to use their time more efficiently and produce better results.
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GASB guidance aims to improve standards for accounting changes
GASB recently issued guidance designed to improve the accounting and financial reporting requirements for accounting changes and error corrections.
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Certain tax services don’t violate US ban on provision of accounting services re Russia sanctions
U.S. firms are not prohibited by a White House executive order regarding sanctions against Russia from providing certain tax services to the U.S. subsidiary of a Russian company.
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AICPA releases new quality management standards
The AICPA has released four new quality management standards designed to improve a CPA firm’s risk assessment and audit quality.
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IRS increases mileage rate for remainder of 2022
For the remainder of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up four cents from the rate at the start of the year.
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IRS challenges emerge as a top concern for firms
Challenges working with the IRS emerged as a top concern for firms of all sizes, according to a new survey from the AICPA.
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Americans ramp up credit card usage, Fed reports
Americans are continuing to lean on credit cards and loans, as consumer credit surged by $38.1 billion in April to a record of $4.57 trillion, according to the Federal Reserve.
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Don't fall for OIC mills, IRS warns taxpayers
Continuing its “Dirty Dozen” scams list, the IRS cautions taxpayers with pending tax bills to avoid offer in compromise (OIC) “mills” that falsely claim to resolve unpaid taxes for cheap.
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SEC updates e-filing requirements for certain forms
The SEC adopted amendments on June 3 that require the electronic filing and submitting of certain forms.