Featured News
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WICPA announces 2024 Excellence Awards recipients
The WICPA announced its 2024 Excellence Awards recipients during the annual WICPA Member Recognition & Annual Business Meeting on Thursday, May 9.
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SEC proposal calls for investment advisors to ID customers
A new rule proposal from the SEC would require certain investment advisors to verify the identity of their customers to protect against illicit financial activity.
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US budget deficit shrinks in first 7 months of fiscal year
According to the Treasury Department, the federal budget deficit shrank in the first seven months of the fiscal year.
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IRS increases HSA contribution limits for 2025
Beginning in January, you can contribute more to your health savings account (HSA), based on the IRS's latest inflation adjustments.
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Fed likely to hold rates high before cutting twice in Q4
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Federal Reserve to keep interest rates high longer than previously expected.
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Companies focus on internal training to fill tech skills gap
As talent recruitment poses challenges for companies, they are shifting their focus to developing existing staff, a new report shows.
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AI spurs rise in cybersecurity among U.S. workers, survey finds
New research finds that younger generations are more fearful of exposing their organization to a cyberattack, with Gen Z and Millennial employees feeling less equipped to identify and respond.
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IRS issues final regulations for clean vehicle credits
The IRS issued final regulations on Friday, May 3, for new and previously owned clean vehicle credits.
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WICPA co-signs letter to Congress urging support for STEM accounting legislation
The WICPA has joined other state CPA societies across the U.S. and the AICPA to encourage support for legislation recognizing accounting as a STEM field.
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AICPA provides comments on tax classification of purpose trusts
The AICPA submitted recommendations to the IRS and Treasury regarding the tax classification of purpose trusts, and functionally similar structures, for federal income tax purposes.