Featured News
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US budget deficit shrinks in first 7 months of fiscal year
According to the Treasury Department, the federal budget deficit shrank in the first seven months of the fiscal year.
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IRS increases HSA contribution limits for 2025
Beginning in January, you can contribute more to your health savings account (HSA), based on the IRS's latest inflation adjustments.
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Fed likely to hold rates high before cutting twice in Q4
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Federal Reserve to keep interest rates high longer than previously expected.
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Companies focus on internal training to fill tech skills gap
As talent recruitment poses challenges for companies, they are shifting their focus to developing existing staff, a new report shows.
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AI spurs rise in cybersecurity among U.S. workers, survey finds
New research finds that younger generations are more fearful of exposing their organization to a cyberattack, with Gen Z and Millennial employees feeling less equipped to identify and respond.
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IRS issues final regulations for clean vehicle credits
The IRS issued final regulations on Friday, May 3, for new and previously owned clean vehicle credits.
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WICPA co-signs letter to Congress urging support for STEM accounting legislation
The WICPA has joined other state CPA societies across the U.S. and the AICPA to encourage support for legislation recognizing accounting as a STEM field.
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AICPA provides comments on tax classification of purpose trusts
The AICPA submitted recommendations to the IRS and Treasury regarding the tax classification of purpose trusts, and functionally similar structures, for federal income tax purposes.
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AI takes on CPA Exam in landmark experiment
In a groundbreaking experiment, researchers tested the capabilities of artificial intelligence (AI) by subjecting top AI models to the CPA Exam.
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IRS updates list of automatic accounting method changes
The IRS on Tuesday, April 30, provided a comprehensive, updated list of changes in tax accounting methods that includes the application of automatic change procedures.