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Despite Reinstating Probationary Workers, IRS Continues Reducing Its Workforce
Taxation
According to the Journal of Accountancy, roughly 7,000 probationary IRS employees who had lost their jobs in February then…
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Regulatory Roundup: April 1-7
The Trusted Professional
AICPA AICPA Applauds Passage of Bipartisan Bills to Improve Tax Administration and Offer Relief to Taxpayers, Practitioners…
Read More
Bill Expanding CPA Licensure Pathways Introduced in New York State Assembly
Accounting
On April 1, New York State Assembly member Crystal Peoples-Stokes introduced Assembly Bill A7613, a companion to Senate Bill…
Read More
Accounting Firms' New Role Is Helping Nonprofits Cope With Funding Cuts
The Trusted Professional
According to Bloomberg Tax, nonprofit organizations are seeking accounting firms for financial and strategic advice as they…
Read More
Proposed California Bill Expands False Claims Act to Cover Tax-Related Claims
The Trusted Professional
California lawmakers are mulling Senate Bill 799, which was introduced by Sen. Ben Allen. The bill proposes amending the…
Read More
Supreme Court Shields IRS from Bankruptcy Clawback
Accounting
According to a report by Accounting Today, in an 8-1 decision, the U.S. Supreme Court ruled that a bankruptcy trustee cannot…
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N.Y. Lawmakers Pass Budget Extender as They Negotiate Key Tax Proposals, Among Other Issues
Taxation
On April 1, N.Y. lawmakers passed an extender funding bill as they continue negotiations on Gov. Kathy Hochul’s $252…
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House Passes Several Bills to Aid Taxpayers, Increasing Transparency Into the Payment Process
Taxation
The U.S. House of Representatives has passed bipartisan bill H.R. 998, known as the Internal Revenue Service Math and…
Read More
PCAOB Reports Notable Decline in Audit Deficiency Rates at Major Firms
Accounting
The Public Company Accounting Oversight Board (PCAOB) announced on March 31, that audit quality at the six largest global…
Read More
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