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As Effective Date Approaches, Companies Seek More Guidance on Corporate Minimum Tax
Taxation
With a new corporate minimum tax due to take effect on Jan. 1, U.S. companies affected by it are seeking additional guidance…
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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…
Read More
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…
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…
Read More
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…
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White-Collar Jobs, Including in Finance and Business Support, Decreased in September
The Trusted Professional
An analysis of the September employment report from the U.S. Department of Labor’s Bureau of Labor…
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Regulatory Roundup - October 1-10
The Trusted Professional
CBO Report CBO’s Recent Publications and Work in Progress as of September 30, 2022 October 7, 2022 In this report, the…
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TIGTA Finds IRS Mistakes in Distributions of Child Tax Credit Payments
Taxation
Millions of eligible families who should have received advance payments of the Child Tax Credit last year did not, while…
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