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U.S. firms are not prohibited by a White House executive order regarding sanctions against Russia from providing certain tax services to the U.S. subsidiary of a Russian company.

The AICPA has released four new quality management standards designed to improve a CPA firm’s risk assessment and audit quality.

For the remainder of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up four cents from the rate at the start of the year.

Challenges working with the IRS emerged as a top concern for firms of all sizes, according to a new survey from the AICPA.

Americans are continuing to lean on credit cards and loans, as consumer credit surged by $38.1 billion in April to a record of $4.57 trillion, according to the Federal Reserve.

Continuing its “Dirty Dozen” scams list, the IRS cautions taxpayers with pending tax bills to avoid offer in compromise (OIC) “mills” that falsely claim to resolve unpaid taxes for cheap.

The SEC adopted amendments on June 3 that require the electronic filing and submitting of certain forms.

The AICPA Professional Ethics Executive Committee (PEEC) has released two new proposals to update the AICPA Code of Professional Conduct.

Business-owning clients who are using (or thinking about using) cryptocurrency will need a tax professional’s expertise to deal with crypto tax compliance and strategy.

The IRS extended its deadline to June 17 for accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs.