Featured News

A recently issued FASB accounting standard requires not-for-profits to provide additional information on the contributions of nonfinancial assets they receive.

Americans adversely affected by COVID-19 have until Sept. 22 to take money out of their retirement accounts.

The IRS will replace the nonemployee compensation part of Form 1099-MISC with Form 1099-NEC starting in tax year 2020.

The AICPA issued a news release Thursday renewing the organization’s call for the swift passage of legislation to extend and expand the Paycheck Protection Program.

The IRS on Tuesday, Sept. 15, issued final regulations regarding the treatment of eligible terminated S corporations (ETSCs).

The AICPA is asking the IRS for guidance on how tax practitioners can move forward after e-filing problems prevented them from making the Sept. 15 deadline.

The start of the fourth quarter is a good time to check in with clients and work with them to ensure there are no errors in their tax documentation.

Accounting firms of all sizes are continuing to face a range of cybersecurity threats, but there are strategies to reduce their risk of becoming victims.

Taxpayers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.

A provision of the CARES Act permits eligible individuals who do not itemize deductions to deduct $300 of qualified charitable contributions as an above-the-line deduction.