Featured News
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IRS offers new process for reporting ERC mills
The IRS now offers a new way for CPAs and other professionals to make anonymous reports about third-party vendors who promote improper claims for the employee retention credit.
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FASB seeks input on proposed changes to accounting for joint ventures
FASB is seeking feedback on its proposed changes to accounting for joint ventures that provide investors with more information in a joint venture’s separate financial statements.
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DOR releases October 2022 Wisconsin Tax Bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for October 2022.
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SEC adopts bonus clawback rules
The SEC recently adopted bonus clawback rules that come amid a broader push by the commission for more transparency and disclosures in financial reports.
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New pilot program aims to thwart line-jumping on IRS calls
A new pilot program from the IRS aims to thwart services that allow callers to jump ahead in the IRS Practitioner Priority Service phone queue.
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Managing AP amid high inflation
As inflation reaches generational highs, organizations are looking to build more resilient businesses that can withstand rising prices and the higher cost of capital.
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2023 retirement account inflation adjustments issued
The IRS issued the retirement account inflation adjustments for 2023, including the maximum contribution amounts for 401(k) plans and IRAs.
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FASB seeks input on conceptual framework proposal
FASB is seeking feedback on its recently issued conceptual framework chapter that describes a reporting entity.
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Guidance sought on corporate alternative minimum tax
In a letter to the IRS and Treasury, the AICPA requested immediate guidance on various provisions of the new corporate alternative minimum tax.
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IRS raises tax brackets, 2023 standard deduction
Amid soaring inflation, the IRS has announced higher federal income tax brackets and standard deductions for 2023.