Featured News
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Wisconsin repeals personal property tax
Wisconsin lawmakers recently scrapped one of the oldest taxes in the state’s history: the tax on personal property.
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New tool helps determine AR-C Section 70 applicability
A new interactive tool helps practitioners who perform accounting services for their clients determine whether they should comply with AR-C Section 70.
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IRS rescinds COVID-19 relief for HDHP plans
The IRS has rescinded pandemic-era guidance that allowed high-deductible health plans to cover COVID costs.
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PCAOB details priorities for audit inspections
The PCAOB released more details regarding its list of priorities for 2023 audit inspections, most notably risk of fraud, risk assessment and internal controls, and auditing and accounting risks.
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Combating the ‘quiet quit’ with solid HR practices
Creating a connected, meaningful work atmosphere can go a long way toward combating the “quiet quit” and re-sparking employee enthusiasm.
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New pilot program aims to lessen talent pipeline issues
The Experience, Learn & Earn (ELE) pilot program aims to help accounting students reach the 150-hour requirement with as much undue stress — financial and otherwise — as is reasonable.
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Tax, legal pros cautiously optimistic about generative AI
A new study from Thomson Reuters finds professionals in accounting, tax and legal remain cautiously optimistic about the use of generative artificial intelligence (AI).
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Survey: Transparency is key to business ethics
Transparency and accountability are the strongest indicators of ethical behavior by businesses, according to a new international survey.
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IRS updates list of automatic accounting method changes
The IRS has provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply.
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Feedback sought on proposed changes to Code of Conduct
The Professional Ethics Executive Committee (PEEC) is seeking feedback on proposed changes to the AICPA Code of Professional Conduct.