Featured News
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Consumers turn to credit cards, loans as costs soar
More consumers opted for credit cards and unsecured loans in the third quarter of 2022 from a year earlier amid high inflation, according to a new report.
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IRS Appeals Office outlines priorities for 2023
In a new focus guide, the IRS Independent Office of Appeals outlines taxpayer service initiatives for the fiscal year 2023.
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IRS reminds tax preparers to renew their PTINs for 2023
The IRS is reminding U.S. tax professionals to renew their preparer tax identification numbers (PTINs) before the start of the 2023 tax season.
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IRS expands program for approving certain retirement plans
Treasury and the IRS have announced the expansion of one of their programs for approving retirement plans.
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FASB seeks input on proposed GAAP taxonomy improvements
FASB is seeking comments on proposed improvements to the GAAP Financial Reporting Taxonomy.
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CEOs cite consequences of not meeting ESG expectations
In a new CEO survey, global business leaders say the impact of ESG goes beyond satisfying investors and accounting standards.
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IRS seeks comments on upcoming energy guidance
The IRS has issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
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Data-savvy CFOs can improve compliance, report says
Handing over the reins of compliance programs to finance executives can help curb risks, according to new research from the Institute of Management Standards.
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Fed hikes interest rates again to combat inflation
The Federal Reserve plowed ahead with a fourth straight historically large interest hike Wednesday, Nov. 2, to combat soaring inflation.
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IRS gets jump-start on hiring for next tax-filing season
The IRS has hired 4,000 new customer service representatives to answer phones and provide other services, with more on the way.