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Treasury Dept. Outlines Administration's Proposed Tax Increases for Corporations and Very Wealthy
Trusted Professional
The U.S. Department of the Treasury’s Fiscal Year 2023 revenue proposals, published in what is known as the…
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IRS Updates Its Guidance on Third-Round Economic Impact Payments
Taxation
The IRS has issued a revised fact sheet on the third round of Economic Impact Payments, the pandemic-related payments of…
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Regulatory Roundup March 22-28
Trusted Professional
CBO Cost Estimate H.R. 1916, Ensuring Lasting Smiles Act March 25, 2022 As introduced in the House of Representatives…
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Report: 57 Percent of American Households Paid No Income Tax in 2021
Taxation
A report by the Tax Policy Center has found that 57 percent of U.S. households paid no income tax last year because…
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TIGTA Report: IRS Should Make Changes to Remedy Inadequate Assistance to Taxpayers Over Tax Accounts
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) recently issued a report following an audit initiated…
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Report: Nearly 80 Percent of Global Accounting Firms Working on Advisory Services
Trusted Professional
A report on global advisory trends issued by Spotlight Reporting, which offers cloud reporting and forecasting software,…
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PCAOB Warns Auditing Firms About Risks of Using Outside Service Providers for Confirmations
Auditing
The PCAOB has issued a publication admonishing auditing firms about the importance of determining that they can rely on…
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Regulatory Roundup - March 15-22
Trusted Professional
AICPA AICPA Expresses Support for Bipartisan, Bicameral Letter to IRS Requesting Clarification on Notice Suspensions March…
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SEC Proposes Rule That Would Require Public Companies to Disclose Emissions
Auditing
On Monday, the Securities and Exchange Commission (SEC) announced a proposed rule that would require all publicly traded…
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