Featured News
-
Coalition calls attention to new BOI reporting requirements
Several tax organizations have formed a coalition to inform taxpayers and practitioners of the new beneficial ownership information (BOI) reporting requirement.
-
AICPA launches 2023 MAP Survey for firms
The AICPA is inviting CPA firms to participate in its 2023 PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey.
-
FASB moves to tweak carried interest accounting
The FASB has issued a formal proposal to clarify existing guidance on GAAP related to profits interest, a form of compensation also known as carried interest.
-
IRS seeks input on improving IRS Appeals
The IRS Independent Office of Appeals is seeking public input on how best to improve access to Appeals for taxpayers who do not live near an Appeals office.
-
AICPA supports bill to expand use of 529 savings plans
The AICPA supports a bipartisan bill that would expand eligible uses of 529 savings plans to include fees and expenses required to obtain or maintain recognized postsecondary credentials, including professional credentials and certifications.
-
Inflation rate eases to 4.9% in April
Inflation eased slightly in April, the 10th straight month of cooling, although price gains remained historically high.
-
IRS opens 2024 LITC grant application period
The IRS is now accepting applications for Low Income Taxpayer Clinic (LITC) matching grants from all qualified organizations through June 26.
-
Report: More young adults living paycheck to paycheck
The share of young people who struggle to cover everyday bills jumped from a year ago, while that of seniors living paycheck to paycheck leveled off, according to a report.
-
PCAOB enhances transparency of inspection reports
The PCAOB has made auditor independence the subject of a section within its audit firm inspection reports.
-
Embracing a digital mindset for the future of finance
Accounting professionals who can wholly embrace digitalization will bring new insights, drive business performance and better adapt in a future of constant change.