Featured News
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IRS proposes new guidance on clean electricity tax credits
The IRS and Treasury have proposed new guidance that explains how eligible facilities can qualify for “technology-neutral” clean electricity tax credits.
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Beige Book points to expanding US economy
The U.S. economy expanded at a “slight or modest” pace across most regions since early April and consumers pushed back against higher prices, the Federal Reserve reported last week.
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GASB updates its financial reporting blueprint
New guidance from GASB features targeted improvements to the financial reporting model established for state and local governments 25 years ago.
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IRS to expand Direct File free tax filing system
The IRS has announced plans to expand the Direct File free tax filing system, making it a permanent option for future tax seasons.
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US consumer confidence rises for first time in 4 months
U.S. consumer confidence unexpectedly improved in May, rising to 102.0 from 97.5 in April, according to The Conference Board.
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SEC clarifies intent of cybersecurity breach disclosure rules
The SEC says its cybersecurity breach reporting requirements are not intended for voluntary disclosure of “immaterial” incidents.
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AICPA makes recommendations for IRS priority guidance plan
The AICPA has made recommendations to the IRS on its 2024–2025 Priority Guidance Plan, including the corporate alternative minimum tax (AMT) and group exemption letters.
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Setting visionary goals for long-term success
When change is the only constant, having a strategic plan that adapts and evolves is crucial to your firm’s success.
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Report: Businesses off target on FP&A processes
A new report finds that businesses automate the wrong financial planning and analysis (FP&A) processes, leading to overextended staff and burnout.
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‘Shadow IT’ surge threatens corporate data, report says
New research finds workers are entering company data into personal “shadow AI” accounts that put the information at risk of exposure.