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Businesses Are Seeking Professional Advice on Managing Gen Z Workers
NextGen
Companies are hiring specialists to cope with the influx of Generation Z workers, The Financial Times reported. This…
Read More
Analysis: Trump's Proposed Tip Tax Exemption Estimated to Cost up to $250 Billion Over 10 Years
Taxation
Donald Trump's new proposal to exempt tips from taxation would blow up the federal deficit even further, a nonpartisan…
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Employee Retention Credit Claimants Can Sue IRS Over Unprocessed Claims
Taxation
Businesses with legitimate Employee Retention Credit (ERC) claimants that have yet to receive their money can take legal…
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Flexible Work Arrangements Lead to Logistical Problems, Known as 'Coordination Tax'
NextGen
The arrival of flexible working arrangements has spawned a new term to describe the logistical challenges of coordinating…
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IRS to Crack Down on Basis Shifting Transactions, Aiming to Recoup Billions
Taxation
The IRS announced that, along with the U.S. Department of the Treasury, it will enact rules to close a loophole that…
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IRS Updates Careers Website as Part of Hiring Campaign
The Trusted Professional
The IRS announced that it has updated its Careers website as part of its efforts to step up recruitment, Accounting Today…
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Regulatory Roundup: June 11-17
Regulatory Roundup
AICPA “The world is ripe with opportunities for the accounting and finance profession” says new CIMA President and Chair…
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Companies Increasingly Cutting Summer Fridays
NextGen
The increasing prevalence of hybrid work may have led more companies to drop Summer Fridays in favor of more work-from-home…
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PCAOB Strengthens Rule on Accountability for Contributing to Firm Violations
Auditing
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to expand liability for individuals involved in firm…
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