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IRS Clarifies Rules for Corporate Alternative Minimum Tax
Taxation
The IRS has issued Notice 2023-64 to provide interim guidance on the potential application and computation of the corporate…
Read More
Companies Mute Mentions of Sustainability Initiatives in Recent Earnings Calls
Accounting
As a reaction to a backlash from some investors and conservative advocates, companies have noticeably dropped their mentions…
Read More
CFTC Official Proposes National Registry of Fraudsters
The Trusted Professional
A Commodity Futures Trading Commission (CFTC) commissioner has proposed the establishment of a National Financial Fraud…
Read More
Senate Banking Committee Chair Optimistic on Cannabis Banking Legislation Vote
The Trusted Professional
After last week’s announcement that the U.S. Department of Health and Human Services (HHS) recommended reclassifying…
Read More
Regulatory Roundup: September 6-11
Regulatory Roundup
CBO ReportCBO’s Long-Term Projections of Gross Federal Debt September 8, 2023 In response to a request from Budget…
Read More
Federal Accounting Standards Advisory Board Proposes Updates to MD&A Standards
Accounting
The Federal Accounting Standards Advisory Board (FASAB) has proposed updates to the guidance for the management's discussion…
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IRS Announces Sweeping Effort to Scrutinize High Earners, Partnerships and Large Corporations, Using AI
Taxation
The IRS announced that it will significantly increase its enforcement efforts in tax compliance by turning more attention…
Read More
Federal Reserve Official Expresses Concerns Over Stablecoins
The Trusted Professional
The Federal Reserve Board “has a strong interest in ensuring that any stablecoin offerings operate within an appropriate…
Read More
SBA Program for Minority Contractors Ruled Unconstitutional
The Trusted Professional
A federal judge has ruled that a provision of a Small Business Administration (SBA) program designed to help historically…
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