Featured News
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AICPA recommends more IRS backlog measures
The IRS should do more to ensure taxpayers, practitioners and the agency itself aren’t plagued in 2023 by now-chronic delays, the AICPA said in a letter to IRS and Treasury officials.
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Small business hiring, wages continue growth
Small businesses continued to add jobs in June 2022 and worker wages continued to grow at a strong rate, but the pace of growth moderated slightly from the previous month.
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Estates can now request late portability election relief for 5 years
A new revenue procedure from the IRS allows estates to elect "portability" of a deceased spousal unused exclusion amount as much as five years after the decedent's date of death.
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GASB issues enhanced concepts for notes to financial statements
GASB recently issued a concepts statement to guide the board when establishing note disclosure requirements for state and local governments.
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AICPA seeks input for redesigned 2024 CPA Exam Blueprints
The AICPA is seeking input on the proposed 2024 CPA Exam Blueprints through Sept. 30.
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Audit partners think inflation will persist, survey says
Three out of four public company audit partners believe inflationary concerns may persist well into 2023 and beyond, according to a new survey by the Center for Audit Quality.
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Recovering from work-related stress
A crucial part of stress management is recovery, to when workers’ bodies and minds reset to the pre-stress state.
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Proposed regulations would define Sec.1256 foreign currency contracts
Proposed regulations from the IRS and Treasury would define foreign currency contracts subject to the Sec.1256 mark-to-market rules as only including forward contracts.
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Black CPA Centennial announces scholarship recipients
The Black CPA Centennial, a national initiative to provide financial support to Black accounting students, recently awarded 100 scholarships across the U.S. totaling $93,500.
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Getting the most out of accounting conferences
Considering what you’re spending to attend various accounting conferences, it’s important to get the most out of your time and energy.