
Tax, accounting, auditing news - Journal of Accountancy
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027 and increased the Social Security wage base to $192,300. The annual update also includes changes to retirement earnings limits and other indexed Social Security amounts that affect taxpayers and employers.
Posted: October 14, 2026, 5:59 pm
The AICPA asked the IRS to clarify that Form 8050, used to provide direct deposit information for tax refunds, will not be included in exempt organizations' publicly available tax return filings. An AICPA letter said the change would reduce the risk of inadvertently disclosing sensitive banking information.
Posted: October 13, 2026, 4:02 pm
A new practice aid covers the impact of organizations’ use of artificial intelligence in financial reporting and the impact of audit firms’ use of AI in audit engagements.
Posted: October 13, 2026, 11:52 am
