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IRS releases government shutdown plan
Yesterday the IRS released their FY 2026 Lapsed Appropriations Contingency Plan in the event of a government shutdown. Of…
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The Addition, ASCPA Weekly Digital Newsletter
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Megan Hughes
Helen Oglesby
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401(k) limit increases to $23,000 for 2024; IRA limit rises to $7,000
The Internal Revenue Service announced on November 1 that the amount individuals can contribute to their 401(k) plans in…
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IRS Offers Process for Withdrawing Bogus ERC Claims
From Accounting Today, October 20, 2023 The Internal Revenue Service is giving employers a way to rescind inaccurate claims…
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Corporate Transparency Act Presents Opportunity and Risk for Firms
From Accounting Today, October 19, 2024 Accounting firms across the U.S. must prepare now to advise their clients and be…
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AICPA Resources for BOI Reporting
Beginning January 1, 2024, most companies created in or registered to do business in the U.S. will need to will need to…
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IRS Announces Withdrawal Process for Employee Retention Credit Claims; Special Initiative Aimed at Helping Businesses Concerned about an Ineligible Claim Amid Aggressive Marketing, Scams
As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service today…
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IRS advances innovative Direct File project for 2024 tax season; free IRS-run pilot option projected to be available for eligible taxpayers in 13 states
As part of larger transformation efforts underway, the Internal Revenue Service announced today key details about the Direct…
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IRS: Taxpayers impacted by the terrorist attacks in Israel qualify for tax relief; Oct. 16 filing deadline, other dates postponed to Oct. 7, 2024
The Internal Revenue Service today announced tax relief for individuals and businesses affected by the terrorist attacks in…
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AICPA Releases 2023 Trends Report: Pool of Accounting Graduates Continues to Shrink in U.S.
The number of students earning U.S. postsecondary accounting degrees fell sharply in the 2021-22 academic year, according to…
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National Pipeline Research: Please Complete Important Survey
ASCPA has joined the Illinois Society of CPAs and the Center for Accounting Transformation in the CPA Pipeline Research.…
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