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Amid soaring inflation, the IRS has announced higher federal income tax brackets and standard deductions for 2023.

CPAs can play crucial roles in helping navigate the evolving landscape as state tax authorities ramp up efforts to source additional revenue from out-of-state workers and their employers.

The AICPA Tax Executive Committee is seeking input on its newly issued statements of standards for tax services (SSTSs).

The IRS is reminding families that grandparents and other relatives who claim at least one child as a dependent on their tax return may qualify for the child tax credit (CTC).

Digitization can help CFOs minimize costs and drive business value, but the need for digital transformation may also be changing what is required for the role of future financial leaders.

Individual taxable earnings of up to $160,2000 annually will be subject to Social Security tax in 2023, the Social Security Administration (SSA) recently announced.

The IRS is sending letters to more than 9 million Americans and their families who appear to qualify for a variety of pandemic-era tax benefits that remain unclaimed.

The SEC has adopted amendments that modernize how broker-dealers and other entities can preserve electronic records they share with the commission.

The IRS recently issued final regulations adopting an affordability test for employer-sponsored minimum essential coverages for the Sec. 36B premium tax credit.

From internal bandwidth to handling change-adverse clients, CPA firms can overcome the struggles of making the leap from tax compliance to advisory services.