Featured News
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Wisconsin’s state-chartered banks report sound year-end 2024
Wisconsin’s state-chartered banks reported sound financial performance through year-end 2024, according to data released by the Wisconsin Department of Financial Institutions (DFI).
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IRS releases 2025 Dirty Dozen list of scams
In its annual list of evolving scams, the IRS reminded tax professionals to stay alert of phishing, smishing and spear phishing campaigns.
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AICPA, NASBA seek input on new CPA pathway
The AICPA and NASBA are seeking comments for the next 60 days on an additional CPA pathway and changes to the practice mobility model.
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AICPA auditing board seeks input on new exposure drafts
The AICPA Auditing Standards Board is now accepting public comments on two separate exposure drafts.
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Treasury suspends enforcement of CTA, BOI requirements
The Treasury Department said it will no longer enforce the Corporate Transparency Act (CTA) or the associated beneficial ownership information (BOI) reporting requirements.
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PCAOB ramps up enforcement in 2024, report finds
A new report finds the PCAOB significantly increased its enforcement activities in 2024, reaching the highest level since 2017.
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PEEC releases final revised guidance for Sec. 529 plans
The AICPA Professional Ethics Executive Committee (PEEC) has released final revised guidance for Section 529 plans.
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IRS appoints Melanie Krause as acting chief
Following the retirement of Douglas O'Donnell, Treasury Secretary Scott Bessent appointed Melanie Krause as the acting commissioner of the IRS.
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AICPA asks to scale back Sec. 199A QBI deduction limit
The AICPA recently asked Congressional tax-writing committee leaders to amend the Section 199A Qualified Business Income (QBI) deduction in preparation for a tax reconciliation bill.
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IRS data shows average tax refund down 32%
Data released by the IRS last week shows the average refund in 2025 is down nearly 33% compared to the same time frame in 2024.