Featured News
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IRS expands program for approving certain retirement plans
Treasury and the IRS have announced the expansion of one of their programs for approving retirement plans.
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FASB seeks input on proposed GAAP taxonomy improvements
FASB is seeking comments on proposed improvements to the GAAP Financial Reporting Taxonomy.
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CEOs cite consequences of not meeting ESG expectations
In a new CEO survey, global business leaders say the impact of ESG goes beyond satisfying investors and accounting standards.
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IRS seeks comments on upcoming energy guidance
The IRS has issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
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Data-savvy CFOs can improve compliance, report says
Handing over the reins of compliance programs to finance executives can help curb risks, according to new research from the Institute of Management Standards.
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Fed hikes interest rates again to combat inflation
The Federal Reserve plowed ahead with a fourth straight historically large interest hike Wednesday, Nov. 2, to combat soaring inflation.
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IRS gets jump-start on hiring for next tax-filing season
The IRS has hired 4,000 new customer service representatives to answer phones and provide other services, with more on the way.
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IRS updates tax gap estimates
The IRS recently released a new set of tax gap estimates for tax years 2104 through 2016 showing the estimated gross tax gap increased to $496 billion.
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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.