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IRS Could Furlough Workers if the Government Shuts Down
The Trusted Professional
The Internal Revenue Service (IRS) is preparing for a possible government shutdown by developing a contingency plan that…
Read More
Regulators Meet to Consider Extending 'Systemically Important' Designation Beyond Banks
The Trusted Professional
Top American regulators, led by U.S. Treasury Secretary Janet Yellen, held a closed-door meeting on Sept. 22 to discuss a…
Read More
IRS Suggests Businesses Use Pause on Processing ERC Claims as Opportunity to Consult Qualified Tax Pros
Taxation
The IRS's recently announced moratorium on processing Employee Retention Credit (ERC) claims has also prompted the agency…
Read More
Regulatory Roundup: September 19-22
Regulatory Roundup
AICPA AICPA Honors Accounting Giant, Sidney Kess, Following PassingSept. 18, 2023 CBO Presentation CBO’s 2023 Long-Term…
Read More
IRS Establishes New Unit to Focus on Pass-Throughs
Taxation
The IRS has established a special unit to focus on large or complex pass-through entities, as part of its overall effort to…
Read More
FTC Warns Five Tax Prep Companies Against Unauthorized Personal Data Usage
Taxation
The Federal Trade Commission (FTC) told five tax preparation companies that they could face civil penalties for the use of…
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Companies Face Pending Emissions Disclosure Rules from E.U. and California
The Trusted Professional
While many large American companies try to fight pending rules and regulations governing disclosure of their greenhouse gas…
Read More
PCAOB Proposes Amending Rule on Auditors’ Liability for Contributing to Violations
Auditing
The Public Company Accounting Oversight Board (PCAOB) has proposed amendments to its rule on an auditor’s responsibility…
Read More
IRS to Shift General Focus of Audits from Low- to High-Income Taxpayers
Taxation
Using funding from the Inflation Reduction Act, passed a year ago, the IRS will begin to increase the audit rate of…
Read More
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