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House Republicans Seek to Stop Global Corporate Minimum Tax Agreement
Taxation
Republican members of the House of Representatives’ Committee on Ways and Means are seeking to block the United States…
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Congress Members Seek Bipartisan Agreement on Child Tax Credit
Taxation
A bipartisan group of Congress members plans to work on a proposal to enhance the existing Child Tax Credit (CTC), Roll Call…
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PCAOB Releases 6 New Filters for Searching Inspection Reports
Accounting
The Public Company Accounting Oversight Board (PCAOB) has made enhancements to its website to allow for stakeholders to…
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Post-Pandemic Circumstances Causing Large Firms to Cut Back on Consulting Staff
Trusted Professional
Slower growth in the aftermath of the COVID-19 pandemic has caused three of the Big Four firms to lay off consultants,…
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IRS Urges Tax Pros to Develop Security Plans
Taxation
The IRS and its Security Summit partners began their annual education effort by releasing a Written Information Security…
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OECD Gives U.S. More Time to Implement Global Minimum Tax
Taxation
U.S.-based companies will have an extra year before foreign countries can start imposing new taxes on them under the global…
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Nonprofits with Remote Employees See Benefits and Challenges
Accounting
Working remotely has been beneficial for nonprofit organizations, Accounting Today reported, but the arrangements also pose…
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AmeriCorps Recovered $84 Million in Tax Benefits for Low-Income Taxpayers
Taxation
AmeriCorps, the federal agency for national service and volunteerism, recovered a record $84 million in overlooked…
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IRS Notice Defers Implementation of Rules for RMDs Under SECURE Act to 2024
Taxation
The IRS and the Treasury Department have issued Notice 2023-54, which defers the implementation of rules related to required…
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