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According to a recent global survey, two-thirds of finance professionals said artificial intelligence (AI) will have a significant impact on their profession in the next five years.

The IRS is giving higher-income participants in a 401(k) or similar retirement plan a two-year delay to designate their catch-up contributions as after-tax contributions to Roth IRAs.

In comment letters sent to the IRS, the AICPA requested improvements to two tax returns pertaining to foreign trusts.

Proposed regulations for claiming clean energy tax credits include prevailing wage and registered apprenticeship requirements for applicable projects.

The AICPA, along with other organizations, is calling for the delay of a new beneficial ownership information (BOI) reporting requirement that applies to most U.S. companies.

The FASAB is accepting public comments on an exposure draft aimed at making note disclosures an “integral part” of financial statements.

On Friday, Aug. 25, the IRS said interest rates will go up for the fourth quarter of 2023, which begins on Sunday, Oct. 1.

The AICPA has submitted comments to the Treasury and the IRS requesting guidance to taxpayers pertaining to energy tax credit provisions.

A new survey of 607 U.S. executives has found that only 17% of executives now anticipate a recession, while 74% believe they can attract and retain the talent they need.

FASB has issued an accounting standards update (ASU) focused on bringing consistency to financial statements of newly formed joint ventures.