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  • Democrats Propose Bill to Eliminate Federal Income Taxes for Some Workers

    By:
    Emma Slack-Jorgensen
    |
    Mar 13, 2026
    Democrats in the Senate and House have introduced the Working Americans’ Tax Cut Act. This bill would eliminate federal income taxes for people who make less than $46,000 a year and reduce taxes for those earning up to $80,500.  

  • IRS Updates Filing Process for 501(c)(4) Organizations

    By:
    Emma Slack-Jorgensen
    |
    Mar 13, 2026
    The IRS has updated the process for applying for 501(c)(4) tax-exempt status. Beginning March 9, 2026, organizations will need to file Form 8976, “Notice of Intent to Operate Under Section 501(c)(4),” online through Pay.gov. 

  • IRS Data Shows Larger Tax Refunds So Far in 2026 Filing Season

    By:
    Emma Slack-Jorgensen
    |
    Mar 12, 2026
    Tax refunds are higher so far this filing season, even though the IRS has received and processed fewer returns compared to this time last year. 

  • New Survey Finds Growing Resource Constraints for Internal Audit Teams

    By:
    Emma Slack-Jorgensen
    |
    Mar 11, 2026
    Internal audit teams in North America are facing tighter budgets and smaller teams. A survey of 373 senior audit leaders found that audit departments are feeling more pressure as their responsibilities increase while resources decrease. 

  • Bipartisan IRS Reform Bill Seen as Step Toward Modernization

    By:
    Emma Slack-Jorgensen
    |
    Mar 10, 2026
    A new bipartisan plan to improve IRS procedures and taxpayer services has received some support from policy experts, but many see it as just a first step toward bigger changes at the agency. 

  • IASB Moves to Finalize IFRS 20 for Rate-Regulated Companies

    By:
    Emma Slack-Jorgensen
    |
    Mar 9, 2026
    The International Accounting Standards Board (IASB) is preparing to finalize a new accounting standard aimed at making financial reporting clearer for companies affected by rate regulation. IFRS 20, called “Regulatory Assets and Regulatory Liabilities,” is designed to help investors see how regulatory rules shape a company’s financial results and future cash flows. 
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