Featured News
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IRS aims to reduce backlog by hiring 10K workers
The IRS aims to use an expedited hiring process to hire about 10,000 workers to help the agency reduce its backlog of millions of unprocessed tax returns and other mail.
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DOR updates guidance for RRF grant tax exemption
Updated guidance from the DOR reflects the newly enacted income and franchise tax exemption for businesses that received Restaurant Revitalization Fund (RRF) grants.
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New guidance released on paid leave tax credits
The IRS recently published new guidance on tax credits available for paid sick and family leave under the American Rescue Plan Act.
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IRS to grant filing extension to farmers, fishers
Saying that it is aware of a third-party software issue affecting qualifying farmers and fishers attempting to e-file Forms 7203, the IRS intends to grant them filing extensions.
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Gov. Evers signs bill that helps restaurants recover from pandemic
Gov. Tony Evers on Monday, March 7, signed into law a bill that helps Wisconsin restaurants recover and rebound from the COVID-19 pandemic.
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IRS opens Taxpayer Experience Office
The IRS unveiled a new Taxpayer Experience Office as part of a long-term plan to improve customer service issues.
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Keeping security measures top of mind
Having the appropriate plans, processes and tools in place to ensure data security is critical for firms and their clients.
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IRS releases new EITC guidance
The IRS issued a new FAQ for the 2021 earned income tax credit (EITC) to educate eligible taxpayers on how to properly claim the credit.
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Overcoming mental blocks at work
Unlocking optimism and a growth mindset can help finance professionals move closer to their career goals.
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PPP forgiveness too slow in some cases, report finds
The SBA did not meet the 90-day statutory requirement to remit PPP forgiveness payments to lenders, according to a new report from the Office of the Inspector General.