Featured News
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Email fraud accounts for $43B lost in past 5 years, FBI says
A new FBI report finds that 241,206 domestic and international email fraud incidents occurred between June 2016 and December 2021, for an exposed loss of more than $43 billion.
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DOR updates publications for field audits, sampling
The Wisconsin Department of Revenue (DOR) recently updated its publications for field audits and sampling.
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FASAB seeks input on proposed amendments related to leases
FASAB is seeking input on proposed amendments intended to clarify the application of lessee and lessor discounting requirements.
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IRS again urges tax pros to sign up for ID.me
The IRS is once again urging tax professionals to set up an ID.me account as soon as possible, preferably before June 15.
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Gov. Evers announces additional $25M to Main Street Bounceback grants
Gov. Evers announced on May 10 an additional investment of $25 million into Main Street Bounceback grants to help small businesses move into storefront locations.
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Accounting for employee retention credits
Companies that received financial assistance during the pandemic can refer to certain FASB standards related to accounting for employee retention credits (ERCs).
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WICPA announces 2022 Excellence Awards recipients
The WICPA announced its 2022 Excellence Awards recipients during the annual WICPA Member Recognition & Annual Business Meeting on May 5.
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Fixing the generational divide in accounting
While firm owners are cultivating their firm's next generation of leaders, younger staffers who hope to take over one day must learn from and compromise with older leadership.
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Fed issues biggest rate hike in 22 years
The Fed has approved a rare 0.5% interest rate increase, marking the largest increase since 2000, to tamp down demand from consumers and businesses for goods and services.
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Inflation boosts HSA amounts for 2023
The maximum contribution to a health savings account and certain related benchmarks will be sharply higher next year, reflecting inflation-linked adjustments.