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Regulatory Roundup - July 9-18
Trusted Professional
AICPA AICPA, NC State release U.S. ERM report : Despite perceived high volumes and complexities of risks, most…
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Manchin Announcement Makes Passage of Tax Increases This Year Much Less Likely
Taxation
Late last week, Sen. Joe Manchin (D-W.Va.) said that he would not agree to President Joe Biden’s proposed economic…
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Regulatory Roundup - July 6-8
Trusted Professional
AICPA AICPA Solicits Feedback on CPA Exam Exposure Draft :Stakeholders are invited to provide input on the CPA Exam…
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Companies Increasingly Move Manufacturing Back to U.S. Factories from China
Trusted Professional
More than two years after the start of the pandemic, companies are continuing to relocate manufacturing back to the United…
Read More
TIGTA to Investigate Intensive Audits of Comey and McCabe
Taxation
The IRS has asked the Treasury Inspector General for Tax Administration (TIGTA) to look into how former FBI Director James…
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Recipients of Digital Assets Must Report Senders' Identity to IRS Starting in 2024, or Face Penalties or Criminal Charges
Taxation
A little-known provision of the infrastructure law passed last November will, starting in 2024, require certain taxpayers…
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Lax Gatekeeping Has Led IRS to Approve Host of Fake Charities as Tax-Exempt
Taxation
A fast-track application system introduced in 2014 has led the IRS to approve a large number of fake charities as…
Read More
Regulatory Roundup - June 28 - July 5
Trusted Professional
CBO Report An Analysis of the Discretionary Spending Proposals in the President’s 2023 Budget July 1, 2022 CBO…
Read More
Employers, Including Large Firms, Hand out Midyear Raises in Response to Inflation
Trusted Professional
In an effort to retain workers during this time of high inflation, many large employers, including accounting firms, are…
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