Featured News
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Accounting workshop aims to promote diversity in profession
The Accounting Scholars Leadership Workshop is now accepting applications from diverse college and university students interested in a career in accounting and finance.
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Fed holds interest rates steady, postponing cuts
The Federal Reserve held its key interest rate steady Wednesday, March 20, for the fifth consecutive meeting, as the central bank awaits more data to determine when to cut rates.
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IRS increases multilingual efforts
The IRS continues to increase the amount of information available in multiple languages as part of its strategic operating plan.
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Audit committees rank cybersecurity as top priority
Audit committees rank cybersecurity as their top oversight priority, the Center for Audit Quality and Deloitte found in a recent survey.
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AICPA, CAQ summarize lengthy SEC climate rule
The AICPA and the Center for Audit Quality (CAQ) has published a new resource that summarizes the 886-page rule on climate-related disclosures adopted last week by the SEC.
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Survey: Economic optimism, hiring plans on the rise
As winter fades into the spring, optimism is on the rise — 43% of finance executives share a sunnier outlook on the U.S. economy, according to a recent quarterly survey.
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AICPA asks for guidance on excess business losses
The AICPA has asked the IRS to provide guidance on section 461(l), also known as the limitation on excess business losses (EBLs) of noncorporate taxpayers.
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DOJ appeals court decision holding CTA unconstitutional
The Justice Department has appealed a federal court decision that held the Corporate Transparency Act is unconstitutional.
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IRS tries to clear up confusion on medical expenses
The IRS is reminding taxpayers and health spending plan administrators that personal expenses for general health and wellness are not considered medical expenses under the tax law.
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IRS seeks suggestions for upcoming Priority Guidance Plan
The IRS is asking the public to submit suggestions on tax issues worth addressing in the agency’s 2024-2025 Priority Guidance Plan.