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While stress is difficult to avoid during the busy season, leaders can mitigate the impact of stress by rewarding employees who go above and beyond to foster a positive work environment.

The IRS recently announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

Brokers are not required to report additional information regarding dispositions of digital assets until the issuance of final regulations, the IRS and Treasury recently announced.

The IRS released a new FAQ webpage about recent changes to tax incentives for energy-efficient home improvements and residential clean energy property.

FASB extended the time preparers can use the reference rate reform relief guidance by two years.

The PCAOB has proposed a new standard designed to strengthen and modernize the requirements for the auditor’s use of confirmation.

The IRS published its most recent Financial Report on the IRS.gov website, which provides a glimpse at IRS operations during the recently completed fiscal year 2022.

Technology has been transforming audits for years, and that trend will only accelerate with the Statement on Auditing Standards (SAS) No. 142, which took effect on Dec. 15, 2022.

The IRS has told taxpayers who typically file their returns in late January or early February to consider waiting until later in 2023.

FASB has released its annual GAAP Taxonomy, which includes the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy.