Featured News
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FASB clarifies income statement rules
A FASB update clarifies the interim effective date of its standard on disaggregation of income statement expenses for public companies with fiscal year-ends that don’t align with the calendar year.
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DOR releases November 2024 Economic Forecast Update
The Wisconsin Department of Revenue’s (DOR’s) latest economic update forecasts nominal income to grow by 5.2% in 2024.
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FASB seeks input on standard-setting priorities
The FASB published an invitation to comment on Friday, Jan. 3, allowing stakeholders to offer feedback on the board’s future standard-setting agenda.
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Report: M&A activity on track to accelerate in 2025
U.S. merger-and-acquisition (M&A) activity remains on track to accelerate in 2025, despite signals from the Federal Reserve that it may slow the pace of trimming interest rates next year.
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DOJ asks Supreme Court to block injunction on BOI reporting
The DOJ is asking the Supreme Court to block the district court injunction that is preventing the government from enforcing beneficial ownership information (BOI) reporting requirements.
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Alternative methods allowed for digital asset identification
The IRS provided temporary relief that permits eligible taxpayers to use alternative methods to make adequate identification of digital asset units sold, disposed of, or transferred in 2025.
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Survey: Most US companies plan to add positions in 2025
A new hiring survey finds six in 10 U.S. companies plan to add new positions in the first half of 2025.
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IRS proposes new rules for tax professionals
Treasury and the IRS have proposed regulations to update the rules that govern practice for the IRS.
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Report: Audit fees poised to increase further
A recent report finds that the increase in audit fees will likely continue amid changes to internal control over financial reporting and inflationary pressures.
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Appeals court reinstates injunction that halts BOI enforcement
A federal appeals court on Thursday, Dec. 26, reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements.