Accounting Today

26/08/2025

The Smaller Firm Resource Group will advise PCAOB staff on auditing and related professional practice standards, inspections and related activities, and economic considerations such as the costs and benefits of PCAOB programs and their impact on audit quality among smaller firms.

The Public Company Accounting Oversight Board formed an advisory group of professionals from smaller audit firms.

26/08/2025

The IRS has released a draft version of the 2026 Form W-2, Wage and Tax Statement, with new fields for the exemptions on tips and overtime.

The Internal Revenue Service has released a draft version of the 2026 Form W-2, Wage and Tax Statement, with new fields for the exemptions on tips and overtime.

26/08/2025

CFOs and corporate controllers aren't as concerned about accountant shortages and are dialing back their hiring plans, according to a new survey.

CFOs and corporate controllers aren't as concerned anymore about accountant shortages and are dialing back their hiring plans.

25/08/2025

The total effective tax rate for the 400 wealthiest Americans was lower than the general population, according to a new study.

20/08/2025

The IRS didn't follow its own internal procedures when terminating thousands of probationary employees nor consider their individual performance, according to a new report.

The IRS failed to follow its own procedures when terminating thousands of probationary employees or consider their individual performance.

20/08/2025

Half of Generation Z interns expect 20% of their jobs to be automated by AI by the time they start full-time roles, according to a new survey.

Half of Generation Z interns expect 20% of their jobs to be automated by artificial intelligence by the time they start full-time roles, per a KPMG survey.

19/08/2025

The IRS is preparing to open the 2026 Compliance Assurance Process program application period for public companies with at least $10 million in assets.

The Internal Revenue Service is preparing to open the 2026 Compliance Assurance Process program application period for public companies with at least $10 million in assets.

19/08/2025

The IRS is disputing claims that spread on social media last week about $1,390 stimulus checks being mailed to taxpayers.

An IRS official who asked to remain anonymous confirmed to Accounting Today that the rumors of stimulus checks are false.

The Internal Revenue Service is disputing claims that spread on social media last week about $1,390 stimulus checks being mailed to taxpayers.

15/08/2025

The IRS has acknowledged in a court filing that it is now sharing taxpayer data with Immigration and Customs Enforcement.

The Internal Revenue Service has acknowledged in a court filing that it is now sharing taxpayer data with Immigration and Customs Enforcement.

15/08/2025

Three-quarters of seniors described the 2024-2025 tax season as "somewhat" or "extremely" stressful, according to a survey.

Three-quarters of seniors described the 2024-2025 tax season as "somewhat" or "extremely" stressful, according to a Distinct survey.

15/08/2025

The IRS didn't do enough to verify the identity of callers to its Practitioner Priority Service and Business Specialty Tax telephone lines, allowing the unauthorized disclosure of tax information, the fraudulent filing of Forms 941, and the issuance of fraudulent tax refund checks, according to a new report.

The Internal Revenue Service didn't do enough to verify the identity of callers to its Practitioner Priority Service and Business Specialty Tax phone lines.

12/08/2025

The IRS needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new government report, especially now that the new tax law includes a $5,000 refundable credit.

The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new report.