Featured News
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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).
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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.
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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.
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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.
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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.
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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.
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SEC approves PCAOB system of quality control
The SEC approved a PCAOB standard establishing a risk-based quality control system for public accounting firms.
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Survey reveals growing interest in M&A
A recent survey indicates a rising interest in mergers and acquisitions (M&A) and new growth opportunities among leaders at private companies and those that have recently gone public.
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State-chartered banks performing well, DFI says
Data released by state and federal agencies indicate Wisconsin banks and credit unions are in good financial condition.
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Comments sought on SECURE 2.0 saver’s match contributions
The IRS has issued a notice requesting comments on saver's match contributions that the Treasury will pay under the SECURE 2.0 Act of 2022.