The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Thursday, ...

Shadow AI” use is rampant among company leadership and employees alike, a practice that exposes businesses to significant financial and reputational risks.

In court documents filed in a lawsuit, officials said 1,446 Treasury employees received reduction-in-force notices, including ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

The IRS ended Direct File, the free, online pilot program that nearly 300,000 taxpayers in 25 states used to file returns for tax year 2024. The IRS website for Direct File says “Direct File is closed ...

A global survey identifies actions taken by high-growth tax and accounting firms of all sizes that aren’t being taken by ...

Failure to have a proper engagement letter can lead to tax claims being asserted against firms. Learn how to help lower your risks.

Early adopters such as Wipfli and Anders offer lessons learned that can help you finalize your QM system and confidently ...

A life insurance policy’s premiums were held nondeductible by a dentist’s practice, and its increase in cash value was taxable income to the dentist.