Featured News
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IRS: Tax practitioners needed for focus groups
The IRS small business/self-employed division is calling on tax practitioners to participate in three focus group sessions.
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IAASB issues new FAQ for reporting going concern matters
The International Auditing and Assurance Standards Board (IAASB) recently issued a nonauthoritative FAQ for reporting going concern matters in the auditor’s report.
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IRS mistakenly issues balance-due notices on some joint returns
Some taxpayers who filed tax returns for 2021 using the married-filing-jointly filing status may have received an IRS notice erroneously demanding a balance owed, the agency said.
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AICPA, CIMA comment on ISSB drafts of sustainability disclosures
The AICPA and CIMA recently showed support for exposure drafts developed by the International Sustainability Standards Board (ISSB).
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DOR releases July 2022 Tax Bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for July 2022, which includes a reminder about the unclaimed property voluntary disclosure program.
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Business leaders may consider cuts to M&A, ESG budgets
New research shows CFOs and CEOs facing financial issues may first look to cut expenditures on mergers and acquisitions (M&A) and environmental, social and governance (ESG).
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IRS warns tax pros of evolving email, cloud-based scams
The IRS is warning tax professionals to beware of evolving scams designed to steal client data.
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FASB set to issue new rules on supply chain finance programs
A proposed FASB standard aims to provide more transparency about supply chain finance program arrangements on corporate balance sheets.
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Yellen: US economy slowing, but recession not inevitable
U.S. Treasury Secretary Janet Yellen said on Sunday, July 24, that economic growth is slowing, but a recession is not inevitable.
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Building partnerships to support your practice
The traditional “affiliate” partnerships between accountants and technology providers are exponentially increasing with the rise of new and improved applications.