Featured News
-
Survey: Most CEOs expect full return-to-office in 3 years
A new survey finds that most CEOs (83%) predict that companies will shift to require a “full” return of employees to in-office work in the next three years.
-
PCAOB shares best practices for auditor independence
The PCAOB has released recommendations to enhance auditor independence, a critical aspect of ensuring quality control within firms.
-
IRS finalizes estate property reporting rules
The IRS released final regulations on consistent-basis reporting for property acquired from a decedent.
-
Tax Court halts start-up cost deductions in new case
A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground, the Tax Court ruled in a recent case.
-
IRS issues proposed regulations for corporate AMT
The IRS has issued proposed regulations addressing the application of the Sec. 55 corporate alternative minimum tax (AMT).
-
Survey finds surge in AI adoption for finance functions
A recent survey of finance leaders reveals a growing reliance on artificial intelligence (AI) within the finance sector.
-
Fed slashes interest rates by a half-point
The Federal Reserve enacted its first interest rate cut since the early days of the pandemic, slicing half a percentage point off benchmark rates to head off a slowdown in the labor market.
-
AICPA, NASBA propose new pathway to CPA licensure
The AICPA and the National Association of State Boards of Accountancy (NASBA) now seek input on a proposed competency-based experience model for CPA licensure.
-
DOR releases August 2024 Economic Forecast Update
The Wisconsin Department of Revenue’s (DOR’s) latest economic forecast update expects the state's unemployment rate to peak at 3.6% by 2027, compared to 4.6% nationwide.
-
Bloomberg report projects tax rates to rise in 2025
Bloomberg Tax's 2025 Projected U.S. Tax Rates Report forecasts a 2.8% increase in inflation-adjusted tax amounts for 2025, a significant decrease from the 7.1% rise in 2023.