Featured News
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Research study seeks input from accounting students
The Illinois CPA Society is inviting accounting students and professionals to participate in its national research study focused on the decision to pursue, or not pursue, the CPA credential.
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AICPA releases new CPA Exam booklet
The AICPA’s CPA Exam Team recently published a new digital CPA Exam booklet for accounting students, exam candidates and educators.
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FASAB releases 3-year strategic plan, annual report
Intangible assets and climate-related reporting are among the action items that the Federal Accounting Standards Advisory Board (FASAB) will address in the coming years.
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IRS delays $600 reporting threshold for Form 1099-K
Following feedback from the tax community, the IRS announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.
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New online features for taxes expected in 2024
A new IRS tax account is set to launch in 2024, offering a range of online features to make tax time easier for entrepreneurs.
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Survey: 96% of accountants think automation is vital to profession
A recent survey of accountants finds that while they are overwhelmingly positive about the profession, there is a need for more automation.
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IRS proposes rules on conservation easement deduction disallowance
The IRS issued proposed regulations on a rule that disallows deductions for certain charitable conservation contributions by partnerships or S corporations.
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Survey: Cybersecurity ranks as top risk for enterprises in 2024
A new survey of risk management and internal audit leaders finds that the top concern for 2024 is cybersecurity.
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Crypto advocates say proposed rules define ‘broker’ too broadly
Crypto industry advocates recently told the IRS its definition of “broker” in the agency’s proposed regulations for digital asset reporting is too broad.
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Manufacturers optimistic about 2024 revenues, survey finds
Despite some concerns about a possible recession, most manufacturers in a recent survey expect their revenues to increase next year.