Category: AICPA News

A survey finds that high-performing workers often balk at being forced back into the office, giving companies plenty to consider before mandating a return.

As the March 22 deadline for the ERC voluntary disclosure program approaches, the IRS alerted small businesses to seven red flags that it is focusing on when it reviews claims.

The IRS warns that the scammers want to gain access to data and identities so they can file fraudulent tax returns.

Almost 50 new or updated frequently asked questions for the IRS’s Form 1099-K, Payment Card and Third Party Network Transactions, published Tuesday, include guidance on common situations, along with more clarity for the payment card industry about which organizations should send Forms 1099-K.

Many companies report a solid return on investment from their actions to protect and promote privacy, but a few simple steps could boost both profitability and security.

A study shows that the Service can collect $561 billion in tax revenue over 10 years if it receives the funding from the Inflation Reduction Act of 2022 as written.

The IRS issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied.

CNA, which has policies with 25,000 AICPA member accounting firms, said in a statement last week that its professional liability policies generally will cover work services associated with the Corporate Transparency Act, which includes rules for BOI reporting.

The bill, which now goes to the Senate, also delays amortization of research or experimental costs and restores tax breaks for companies from 2017’s Tax Cuts and Jobs Act.

A PCAOB spotlight report recommends actions that auditors and firms can take to produce compliant attestation engagements.