Featured News
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PCAOB offers new resources on quality control rules
The PCAOB recently shared three new resources to assist firms with the implementation of QC 1000, A Firm’s System of Quality Control.
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US economy maintains momentum ahead of holiday season
The U.S. economy got off to a good start in the fourth quarter, a pair of S&P Global surveys found, and pointed toward brisk growth at the tail end of the year.
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IP PIN helps guard against ID theft, IRS says
The IRS is urging taxpayers to enhance their security against tax-related identity theft by signing up for an identity protection personal identification number (IP PIN).
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Tax-exempt organizations get Form 4626 filing break
The Treasury Department and IRS recently announced that tax-exempt organizations are exempt from filing Form 4626 for the 2023 tax year.
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IRS unveils 2025 tax adjustments
The IRS has released its annual inflation adjustments for over 60 tax provisions for tax year 2025, impacting returns filed in 2026.
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PTIN renewals now open for 2025
The IRS has announced that the renewal period for the 2025 preparer tax identification number (PTIN) is now open, with all current PTINs set to expire on Tuesday, Dec. 31, 2024.
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GASB provides guidance for certain capital assets
GASB has issued guidance requiring the separate disclosure of certain types of capital assets in note disclosures.
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IRS processing 400K ERC claims
The IRS is currently processing around 400,000 claims for the employee retention credit (ERC), amounting to approximately $10 billion in eligible claims.
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Survey: Accountants see rise in ethical challenges ahead
A new global survey finds that ethical challenges in the accounting profession are growing more complex as technology accelerates global business expansion.
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CFO teams ramping up their use of AI, survey finds
A new global survey finds that over two-thirds of corporate finance teams are in the exploratory stage of using artificial intelligence (AI).