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Latest Articles

Voting Opens for 2026 Readers’ Choice Awards!

Accounting February 28, 2026 

Voting Opens for 2026 Readers’ Choice Awards!

Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.

Isaac M. O'Bannon

Featured Articles

April 6, 2026  

CPA Endowment Fund of Illinois Announces Board of Directors

April 6, 2026  

Average 2026 Tax Refund Up $350 Year Over Year, IRS Data Shows, as Tax Deadline Approaches

April 6, 2026  

IRS: Business Tax Accounts Expand to Partnerships, Tax-Exempt Groups, and Government Entities

April 6, 2026  

Nearly Half of U.S. Workers Believe Wages Will Never Catch Up to the Cost of Living

April 6, 2026  

Sax Buys Boutique Accounting Firm Faz Forensics
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

Accounting Standards November 25, 2024 

FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

The report discusses how the FASB staff conducted the Revenue PIR process, which included outreach with more than 2,200 stakeholders from diverse backgrounds, key implementation support

Isaac M. O'Bannon

Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit

Taxes November 25, 2024 

Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit

Experts expect the Trump administration to reform, rather than eliminate, the $7,500 tax credit under the Inflation Reduction Act.

Bloomberg Tax & Accounting’s Compliance Tracker Expands Global and Indirect Tax Capabilities

Taxes November 25, 2024 

Bloomberg Tax & Accounting’s Compliance Tracker Expands Global and Indirect Tax Capabilities

Compliance Tracker users can now track and collaborate on filing activities for income tax obligations in over 200 countries.

Isaac M. O'Bannon

FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard

Accounting Standards November 25, 2024 

FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard

The proposed ASU is aimed at public business entities that do not have an annual reporting period that ends on Dec. 31.

INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana

Accounting November 25, 2024 

INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana

The aim of ConnectIN is to boost talent pipelines, workforce development, and entrepreneurship in accounting and other fields.

Jason Bramwell

SEC Fines UPS $45 Million Over Improperly Valued Freight Business

SEC November 25, 2024 

SEC Fines UPS $45 Million Over Improperly Valued Freight Business

UPS failed to follow generally accepted accounting principles in valuing “one of its worst performing businesses," the SEC said.

New Jersey Society of CPAs Announces 10 Winners of its CPA Exam Fee Lottery

Accounting November 25, 2024 

New Jersey Society of CPAs Announces 10 Winners of its CPA Exam Fee Lottery

The NJCPA’s CPA Exam Fee lottery was designed to partially offset the cost of preparing for and taking the CPA Exam, which can exceed more than $2,500 considering enrollment fees, review courses, study guides and other prep work.

Isaac M. O'Bannon

CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps

Financial Reporting November 25, 2024 

CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps

The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.

Isaac M. O'Bannon

Charitable Giving is Feeling Squeeze of Tight Economy

Nonprofit November 25, 2024 

Charitable Giving is Feeling Squeeze of Tight Economy

Three in ten (29%) Americans report that they have given less to charity this year compared to the year before and a full half (51%) feel they don’t have enough money to give to charity at all.

Isaac M. O'Bannon

New GASB Members Named

Accounting Standards November 25, 2024 

New GASB Members Named

The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.

Isaac M. O'Bannon

Trump Vows 25% Tariffs on Canada and Mexico, and 10% More on China on ‘Day One’

Legislation November 25, 2024 

Trump Vows 25% Tariffs on Canada and Mexico, and 10% More on China on ‘Day One’

Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday that sent the dollar higher and equities lower.

Archived Webcast – Struggling with Workflow Chaos? Discover How Identifying Your Offerings Changes Everything!

Accounting December 5, 2024  Sponsored

Archived Webcast – Struggling with Workflow Chaos? Discover How Identifying Your Offerings Changes Everything!

Does your accounting firm struggle with chaotic workflows, missed steps, or inefficiencies that overwhelm your team? It might be time to go back to basics by defining your offerings! This foundational step could be the key to unlocking streamlined processes, greater team productivity, and happier clients.

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