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Regulatory Roundup - October 18-24
Regulatory Roundup
AICPA AICPA & CIMA Offer Resources for Organizations Requiring an Audit of COVID Relief FundingOct. 20, 2022 CBO Cost…
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IRS Releases Draft Updating Digital Asset Reporting Rules
The Trusted Professional
The IRS has issued a draft of Forms 1040 and 1040-SR for the 2022 tax year that includes new reporting rules for…
Read More
IRS Warns Employers About Third Parties Promoting Improper Employee Retention Credit Claims
Taxation
The IRS has issued a warning to employers about third parties who may advise them to claim the Employee Retention Credit…
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IRS Announces Inflation-Adjusted Rates for 2023
Taxation
The IRS has published the details of its annual inflation-adjusted tax rates for 2023, with filing in 2024. The standard…
Read More
Republicans Plan to Make Some 2017 Tax Cuts Permanent If They Retake Congress
Taxation
Republicans are planning to push through legislation to make permanent key provisions of the 2017 Tax Cuts and Jobs Act if…
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Regulatory Roundup - October 11-17
The Trusted Professional
CBO Cost Estimate H.R. 8876, The Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022 October…
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Report: Climate-Related Financial Disclosures on the Rise, But Not to Recommended Levels
Accounting
A report released by the Task Force on Climate-Related Financial Disclosures (TCFD) indicates that a greater percentage of…
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Social Security Increase for 2023 Will Be 8.7%, Highest Since 1981
The Trusted Professional
The Social Security Administration (SSA) has announced that the cost of living adjustment (COLA) for 2023 will be 8.7…
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Report: Audit Fees Rebound After COVID-Related Decline
The Trusted Professional
A report by Audit Analytics has found that audit fees in the United States increased by 2.9 percent in fiscal year 2021…
Read More
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