Accounting

The White House just approved a Labor Department proposal to raise the minimum salary exemption to $55,068 per year.

Under current law, taxpayers affected by a major disaster often have less time to make a refund or credit claim than those who are not affected.

This is a slight improvement over 2023 where only 24 percent of organizations saw an increase in funding while 35 percent saw a decrease.

Board members will host a series of five in-person forums for small audit firms in Chicago, Los Angeles, Denver, Miami, and Jersey City.

Some tax returns are being rejected because filers failed to provide information about ACA coverage they didn't know they had.

The AICPA has asked FinCEN to reassess the proposed regulations to ensure that there is an appropriate balance between regulatory objectives and practical realities faced by RIAs.

The U.S. middle market continues to increase revenue through purchasing and selling products and goods in the international supply chains that connect all corners of the world.

The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.