Featured News
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Advisory services continue to grow in firms, survey finds
Globally, most accounting firms are offering — or planning to offer — a more diversified selection of advisory services for clients, a new survey finds.
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Tax Court weighs in on reasonable compensation
The Tax Court recently found that there is a limit on the tax-deductibility of wages paid to employees by the employer.
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Gov. Evers awards $86M to small businesses, nonprofits
The Evers administration recently granted more than $86 million to small businesses in communities disproportionately affected by the COVID-19 pandemic.
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New ethics guidance for CPAs covers multiple topics
New interpretations and revisions from the Professional Ethics Executive Committee (PEEC) significantly change past guidance on ethics for CPAs.
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IRS: 45M tax refunds already issued
The IRS has distributed $152 billion through 45 million tax refunds as of March 11, the agency recently reported.
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IRS will clear backlog by year-end, Rettig says
The IRS will clear its backlog of unprocessed work by the end of 2022, Commissioner Rettig told House members earlier this week.
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SBA again extends deferment period for EIDL payments
The U.S. Small Business Administration (SBA) has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for the third time in the past 12 months.
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Expanded IRS multilingual resources now include Spanish Braille
The IRS recently expanded its multilingual services to include Braille, text, audio and large print products in Spanish.
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IRS offers filing relief to farmers, fishers
The IRS is granting relief to farmers and fishers for filing their 2021 tax returns, according to a new notice issued on April 15.
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Congress to hear from IRS commissioner on filing season
IRS Commissioner Charles Rettig will report on the current filing season to the House Ways and Means Committee’s Oversight Subcommittee on March 17.