Featured News
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IRS: Relatives with dependents may qualify for CTC
The IRS is reminding families that grandparents and other relatives who claim at least one child as a dependent on their tax return may qualify for the child tax credit (CTC).
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Digitalization transforms future CFO pipeline
Digitization can help CFOs minimize costs and drive business value, but the need for digital transformation may also be changing what is required for the role of future financial leaders.
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Social Security wage base set for 2023
Individual taxable earnings of up to $160,2000 annually will be subject to Social Security tax in 2023, the Social Security Administration (SSA) recently announced.
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IRS to notify Americans with unclaimed tax payments
The IRS is sending letters to more than 9 million Americans and their families who appear to qualify for a variety of pandemic-era tax benefits that remain unclaimed.
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SEC modernizes recordkeeping rules
The SEC has adopted amendments that modernize how broker-dealers and other entities can preserve electronic records they share with the commission.
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Finals regulations adopt ‘family-friendly’ health care affordability test
The IRS recently issued final regulations adopting an affordability test for employer-sponsored minimum essential coverages for the Sec. 36B premium tax credit.
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Shifting from tax compliance to advisory services
From internal bandwidth to handling change-adverse clients, CPA firms can overcome the struggles of making the leap from tax compliance to advisory services.
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Treasury sets tax credit rule to expand affordable housing
Treasury moved to preserve and expand the supply of affordable housing by finalizing a new tax credit income rule that may qualify more housing projects.
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FASB proposes improvements to segment reporting
FASB has proposed an Accounting Standards Update (ASU) that intends to improve segment reporting.
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BBB report: Online scams rose 87% since 2015
The number of online scams reported to the Better Business Bureau (BBB) rose 87% since 2015, the organization revealed in a new data report.