Featured News
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SEC adopts rule changes to reduce risks
The SEC finalized a set of rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities.
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FASB votes to finalize lease accounting relief
FASB recently voted to move forward with finalizing two narrowly targeted updates to its lease accounting standards.
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Interest rates to stay the same for Q2 2023
Interest rates for the second quarter of 2023 will remain the same starting April 1, the IRS recently announced.
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NASBA committee releases proposed amendments to UAA Model rules
The NASBA Uniform Accountancy Act (UAA) Committee is seeking feedback by April 17 on proposed changes to the UAA Model Rules, which would allow candidates 24 months to pass the CPA Exam.
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IRS announces new pilot phase for CAP program
The IRS is piloting changes in the Bridge phase of its Compliance Assurance Process (CAP) program that provides prefiling return review for some large corporate taxpayers.
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IRS issues guidance on certain state-issued payments
In new guidance, the IRS clarified the federal tax status involving special payments made by 21 states in 2022.
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Creating an employee-first culture to retain talent
CPA firms can build and sustain trust in its talent by making employees feel valued, respected and supported by leadership.
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92% of CFOs fully prepared for recession, survey finds
A large majority (92%) of corporate financial executives are confident in their ability to ride out a recession, according to a new CFO survey.
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GASB proposes implementation guidance on SBITAs
GASB has proposed implementation guidance to clarify, explain or elaborate on existing guidance on subscription-based information technology arrangements.
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IRS proposes tip-reporting program for service industry
The IRS seeks public comment on a proposed Service Industry Tip Compliance Agreement (SITCA) program.