Featured News
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New filing season scam involves Form W-2 wages, IRS warns
The IRS issued a consumer alert to warn taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund.
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Setting fees for advisory services engagements
There’s no one or easy way to set fees for your advisory services, but you can get on the right track by answering a few simple questions.
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IRS extends lookback period for pandemic refund claims
The IRS has modified the lookback period for refund claims on returns with due dates that the agency postponed because of the COVID-19 pandemic in Notice 2021-21 or Notice 2020-23.
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Average tax refund down 11%, IRS reports
IRS statistics for the week ending Feb. 17 show the average refund is $3,140, down 11.2%, or $396, from last year.
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Modest tax gap reductions may yield big benefits, GAO says
A new report from the Government Accountability Office suggests that a small reduction in the tax gap could produce major fiscal benefits for the federal government.
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Firms see opportunity as ESG reporting, assurance levels rise
More large companies than ever are reporting ESG data and obtaining assurance, according to a global survey, prompting audit firms to position themselves for an increased role.
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Suggesting outside financial help to family businesses
As a family business grows, it’s important to consider a financial executive that is not a member of the family to guide the path toward long-term, sustainable growth.
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PCAOB ramps up enforcement activity, report finds
The PCAOB significantly increased its enforcement activity in 2022, levying record-setting fines and generally signaling a tougher approach to the oversight of auditing firms.
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New PCPS tool aims to motivate staff during busy season
The 2023 PCPS Busy Season Fun Calendar features dozens of activities that can help team members relax and reflect, recharge and refuel.
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AICPA recommends 12 digital assets FAQs to IRS
The AICPA has suggested questions and answers the IRS could post to assist taxpayers and practitioners in answering the question about digital assets that appears on Form 1040.