Featured News
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OMB provides single audit guidance for 7 programs
The Office of Management and Budget (OMB) issued new guidance for procedures that single audit practitioners need to follow in their engagements related to seven government programs.
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Updated FAQs address reconciliation of advance CTC payments
The IRS updated its FAQs to answer common questions about the reconciliation of advance child tax credit payments on 2021 tax returns.
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Resources for tackling Schedules K-2, K-3 issues
New resources from the AICPA clarify new IRS guidance regarding disclosure requirements for Schedules K-2 and K-3.
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IRS temporarily shuffling workers to process backlog
The IRS is returning more than a thousand employees who once processed tax returns and other paperwork back to their old jobs to help process its massive backlog during busy season.
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PCAOB seeks input on new advisory group plans
The PCAOB is seeking public comment on its plans to create a Standards and Emerging Issues Advisory Group and an Investor Advisory Group.
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IRS updates list of automatic tax method changes
The IRS has provided an updated list of changes in automatic tax accounting methods, spanning 32 different sections.
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IRS to require facial recognition
The IRS will soon require identity verification through facial recognition technology for taxpayers to see their personal tax documents.
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Unclaimed property shareholders can now apply for voluntary disclosure agreement
Under new Wisconsin laws, all unclaimed property shareholders in the state can apply for a voluntary disclosure agreement (VDA) with the DOR.
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DOR publishes January 2022 Wisconsin tax bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin or January 2022.
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Companies urged to bolster defenses against ‘triple threat’
A new security report urges companies to bolster their safeguards against potential corporate losses resulting from fraud, compliance breaches and cyberattacks.