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Deal to Suspend Debt Ceiling Cuts IRS Funding
Taxation
The legislation resulting from the agreement reached by President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) to…
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IRS Renews Warning of Employee Retention Credit Scams
Taxation
The IRS has renewed an alert to businesses and tax-exempt groups to be wary of companies and individuals promoting their…
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New York State Legislature Passes Non-CPA Ownership Bill
Advocacy
After 10 years of lobbying in Albany to allow non-CPAs to become minority partners at CPA firms, the NYSSCPA achieved…
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CPA Exam Takers in 2022: Fewest in 17 Years
CPA Candidates
The number of people taking the CPA exam in 2022 was the lowest in 17 years, which is causing concern for many businesses,…
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Regulatory Roundup: May 23-30
Regulatory Roundup
AICPA New AICPA Chair Looks to Foster Innovation and the Next GenerationMay 24, 2023 AICPA Recognizes Top 2022 CPA Exam…
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New York City to Regulate Use of AI for Hiring and Promotion
NextGen
New York City is ahead of many other jurisdictions in regulating one aspect of artificial intelligence (AI), The New York…
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Wall Street Makes Contingency Plans For U.S. Default
Trusted Professional
Fearing anything from computer glitches to cascading panic if the United States defaults and misses payments on Treasury…
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IRS to Resume Issuance of Collection Notices
Taxation
Taxpayers and tax preparers should expect a resumption of automated collection notices from the IRS, Accounting Today…
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Female Workforce Participation Rate at All-Time High
NextGen
The percentage of women aged 25 to 54 who are employed or searching for work is now at a record high, Bloomberg reported.…
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