Sustainable services: CPAs positioned for burst in opportunities
As mandatory regulations related to reporting on and assurance of sustainability data begin to take hold, now is the time for CPAs in a variety of roles to position themselves to take advantage. Read More
Fact sheet addresses taxability of crowdfunding distributions
The IRS said that crowdfunding distributions may be included in the gross income of the person receiving them, depending on the facts and circumstances of the distributions. Read More
PEEC releases ethics exposure draft for Sec. 529 plans
The proposed revisions relate to monitoring challenges and independence threats related to an account owner’s direct financial interest in Sec. 529 plans. Read More
FinCEN final rule lessens impact on small registered investment advisers
Treasury's Financial Crimes Enforcement Network estimates the rule will require about 200 previously unaffected small RIAs to participate in FinCEN's anti-money-laundering and terrorism programs. The number of affected RIAs is lower than the proposed rule’s estimate. Read More
How CPAs can bring order to a disorderly world
A tech-savvy vision will help accountants use their skills to generate data, analyze problems, and instill order that begets trust. Read More
CFO opportunities on the rise: Key trends for aspiring leaders
A noteworthy number of women landed CFO roles in the first half of 2024, but things headed in the right direction for all prospective leaders around the world seeking a shot at the highly coveted position. Read More
Employers now have interim guidance on student loans and retirement plans
The IRS provided guidance for sponsors of 401(k) and similar retirement plans that provide matching contributions based on eligible student loan payments made by participating employees. Read More
AICPA joins coalition to fight intensifying tax scams, schemes
The Coalition Against Scam and Scheme Threats (CASST), convened at the request of IRS Commissioner Danny Werfel, will work toward having new protections in place by the 2025 filing season. Read More
Businesses with dubious ERC claims have another chance with the IRS
The IRS said Thursday it will reopen its voluntary disclosure program to allow businesses to correct questionable claims for the pandemic-era employee retention credit. Read More
AICPA, state CPA societies nominate accounting for STEM designation
A letter asks the Department of Homeland Security to add accounting to its STEM Designated Degree Program List in an effort to bolster talent acquisition. Read More
Retirement: How to respond to the changing definition of the word
A shift away from the traditional view of what it means to retire in America means that innovative approaches can lead to better outcomes for everyone. Read More
IRS releases updated draft of Form 1099-DA for digital assets
The most recent draft of the form for reporting digital asset transactions reflects the final regulations for custodial broker reporting that the IRS released in June. Read More
