Featured News
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Big companies have big hopes for 2024, survey finds
About two-thirds of US large-company CEOs believe 2024 will bring better financial fortunes for their organizations, according to a survey.
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Survey: Most execs don’t see AI shrinking financial teams
A new survey finds that more than half of senior financial leaders do not think artificial intelligence (AI) will shrink their financial reporting teams.
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IRS issues adjustments to 2024 retirement account limits
The IRS issued inflation-adjusted limits on benefits and contributions for various retirement accounts, including the maximum contribution amounts for 401(k) plans and IRAs.
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AICPA, others call for extension of BOI report deadline
In a letter to Treasury’s Financial Crimes Enforcement Network, the AICPA and others call for a one-year extension of the beneficial ownership information (BOI) reporting deadline.
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IRS expands staffing to improve taxpayer services
The IRS has increased staffing at its Taxpayer Assistance Centers by 31% during fiscal 2023, thanks to funding from the Inflation Reduction Act.
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Fed keeps rates unchanged for second time
The Federal Reserve held interest rates steady on Wednesday, Nov. 1, but left the door open to a further increase in borrowing costs.
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DOR releases October 2023 tax bulletin
The Wisconsin Department of Revenue (DOR) has released its state tax bulletin for October 2023.
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IRS to allow certain e-signatures indefinitely
The IRS will allow the use of electronic signatures on certain tax forms indefinitely, the agency announced earlier this month.
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US economic growth accelerates in Q3
The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending.
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PTIN renewal period now open for 2024
The 2024 preparer tax identification number (PTIN) renewal period for the nation’s nearly 800,000 active federal tax return preparers is now underway.