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The Internal Revenue Service announced in March that its compliance efforts related to the Employee Retention Credit had exceeded $1 billion, with the agency specifying that...
The Public Company Accounting Oversight Board says there are significant and consistent deficiencies in auditors’ evaluations of audit evidence. According to a new spotlight report released...
The Internal Revenue Service’s criminal investigators have been on the lookout for tax evasion by businesses that don’t pay employment taxes.
The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for crypto brokers reporting on the proceeds of digital asset transactions to...
Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling...
Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report.” The Accounting and Financial Reporting...
KPMG enters $1.1 million partnership with Women’s Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.
The rapid changes in the accounting profession demand that firms must also evolve. Bookkeeping, tax and compliance work are being commoditized at such a rate that...
Economists advising Donald Trump are pushing to keep a cap on the state and local tax deduction, limiting a valuable tax break for many residents of...
The Securities and Exchange Commission was sued by a conservative think tank and a pair of individual investors who claim the regulator’s new market surveillance tool...
