Featured News
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IRS proposal targets monetized installment sales
The IRS and Treasury issued proposed regulations on Thursday, Aug. 3, that identify certain monetized installment sale deals as listed transactions.
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Embracing cloud tech to meet growing client demands
Efficient cloud-based technology is essential to managing staffing issues and meeting growing client expectations.
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PCAOB seeks nominations for advisory groups
The PCAOB is seeking nominations for members of its Investor Advisory Group and Standards and Emerging Issues Advisory Group.
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IRS offers guidance on home energy tax credit
The IRS published information on how taxpayers can claim the energy-efficient home improvement credit under the Inflation Reduction Act.
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FASB proposes improvements to income statement expenses
FASB is seeking comments on a proposed Accounting Standards Update (ASU) intended to provide investors with more information regarding a public business entity's expenses.
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IRS to digitize tax filing process by 2025
The IRS plans to digitize the tax filing process by 2025, allowing taxpayers to digitally submit all documents and correspondence.
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New advisory group to focus on accounting talent shortage
The AICPA has formed an advisory group of accounting stakeholders that will help to shape a strategy to address the profession’s talent shortage.
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Deadlines set for BEC section, new CPA Exam
NASBA has provided the deadlines for applying to take the current BEC section of the CPA Exam as well as the first-day application dates for the new CPA Exam disciplines.
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IRS seeks input on dispute resolution programs
The IRS is seeking public input on improvements to certain post-filing alternative dispute resolution (ADR) programs currently offered to taxpayers.
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SEC adopts cybersecurity disclosure rules
The SEC adopted final rules requiring companies that file documents with the commission to disclose material cybersecurity incidents.