Featured News
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IRS highlights warning signs for questionable ERC claims
The IRS has issued a warning to businesses about questionable employee retention credit (ERC) claims, offering seven suspicious warning signs that could indicate potential problems.
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CEO optimism hits two-year high, survey finds
More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.
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AICPA shares more resources for BOI reporting
The AICPA recently shared more resources that address the new beneficial ownership information (BOI) reporting requirement.
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EFIN scam targets tax professionals
The IRS is alerting tax professionals of a scam email impersonating various software companies to steal electronic filing identification numbers (EFINs).
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IRS updates FAQ for the premium tax credit
The IRS recently updated its frequently asked questions (FAQ) webpage regarding the premium tax credit.
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FinCEN urged to align FBAR deadlines with IRS disaster relief
The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the disaster relief deadline extensions provided by the IRS.
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Survey: Firms that embrace cloud tech see higher growth
According to a recent survey, accounting firms that use cloud-based technology solutions are experiencing higher levels of growth.
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Auto depreciation limitations increase
The IRS issued higher new depreciation limitations for passenger automobiles, although the increases are smaller than in the previous two years.
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IRS revises FAQ on Form 1099-K
The IRS has revised its fact sheet on Form 1099-K, Payment Card and Third-Party Network Transactions, to address confusion surrounding the filing season.
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Survey: Gen Z most likely to use AI for tax filing
A recent survey finds that America’s young adults are leading the charge in embracing artificial intelligence to file their taxes.