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The IRS has announced that it will grant penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax (CAMT).

The AICPA’s business and technology subsidiary announced plans to deliver a series of initiatives to build awareness and understanding of generative AI for the accounting profession.

As the path to the CFO seat branches off from the traditional accounting lane, questions about how to find — and train — the next generation of financial leaders are emerging.

The PCAOB has issued an amendment designed to strengthen auditor requirements to identify, evaluate and communicate noncompliance with laws and regulations.

The IRS and Treasury issued more guidance for applicants seeking section 48C credit allocations in the qualifying advanced energy project credit allocation program.

The IRS’s alternative dispute resolution programs for mediating tax issues between taxpayers and the agency fell by two-thirds over the past decade, according to a new report.

Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5% year over year, according to the May ADP National Employment Report.

First-quarter 2023 data from the Federal Deposit Insurance Corporation show that Wisconsin banks remained on solid footing even as two out-of-state institutions failed during the period.

The Accounting and Auditing Policy Committee (AAPC) of the Federal Accounting Standards Advisory Board (FASAB) has proposed updates to a technical release on leases.