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GASB Establishes New Task Force on Going-Concern Considerations
Accounting
The Governmental Accounting Standards Board (GASB) has appointed a new task force to assist with its project addressing…
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Many Factors Prompt CFOs to Move On
The Trusted Professional
While fall is usually the season for CFO departures, the turnover is higher this time, the Wall Street Journal reported,…
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Retirement Plan and IRA Contribution Limits to Rise in 2023
Taxation
Rising inflation has prompted the IRS to increase the contribution limits for tax-advantaged employer savings plans and…
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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…
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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…
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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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