October 17, 2023
As part of larger transformation efforts underway, the IRS recently announced key details about its Direct File pilot for the 2024 filing season, with several states planning to join the effort.
View More
October 12, 2023
The Social Security Administration (SSA) recently announced that individual taxable earnings of up to $168,600 annually will be subject to Social Security tax in 2024.
View More
October 12, 2023
The Federal Accounting Standards Advisory Board recently announced its approval and issuance of Federal Financial Accounting Technical Release 22: Leases Implementation Guidance Updates.
View More
October 12, 2023
The number of students earning U.S. postsecondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms.
View More
October 10, 2023
The Securities and Exchange Commission recently adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.
View More
October 9, 2023
The Financial Accounting Standards Board recently issued an Accounting Standards Update that incorporates certain U.S. Securities and Exchange Commission disclosure requirements into the FASB Accounting Standards Codification®.
View More
October 6, 2023
The IRS recently issued proposed regulations, Revenue Procedure 2023-33 and frequently asked questions for the transfer of new and previously owned clean vehicle credits from the taxpayer to an eligible entity for vehicles placed in service after Dec. 31, 2023.
View More
October 5, 2023
The Illinois CPA Society, in partnership with the Center for Accounting Transformation and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant credential.
View More
September 29, 2023
As part of a larger effort to improve technology, the IRS recently announced an expansion of Tax Pro Account capabilities.
View More
September 29, 2023
The Tennessee Society of CPAs is proud to present the 2024 TSCPApex Awards to honor those whose exemplary efforts and achievements are advancing Tennessee’s accounting profession.
View More