Featured News
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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.
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AI takes on CPA Exam in landmark experiment
In a groundbreaking experiment, researchers tested the capabilities of artificial intelligence (AI) by subjecting top AI models to the CPA Exam.
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IRS updates list of automatic accounting method changes
The IRS on Tuesday, April 30, provided a comprehensive, updated list of changes in tax accounting methods that includes the application of automatic change procedures.
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DOL finalizes broad ‘retirement security rule’
New regulations from the Department of Labor will subject the financial services industry to requirements designed to protect retirement investors from receiving bad investment advice.
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PCPS opens CPA Firm Top Issues Survey
The AICPA’s Private Companies Practice Section (PCPS) is inviting staff members and partners at CPA firms to share their outlook on key firm practice management issues before May 17.
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DOR releases April 2024 Wisconsin Tax Bulletin
The Wisconsin Department of Revenue (DOR) has published its state tax bulletin for May 2024.
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More CAS firms adding services for Forms 1099, W-9
A new survey finds high demand for client advisory services (CAS), including Form 1099 creation and filing.