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IRS Enters into $32M Contract for Data Delivery Services
Taxation
The IRS awarded a four-year, $32 million contract for data delivery services to government services provider Maximus.…
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Federal Reserve Meeting Minutes Indicate Interest Rates Are Near Peak But Could Rise Again
The Trusted Professional
Interest rates might be at their peak, but, then again, they could still increase, the minutes of the December joint meeting…
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Congress to Consider Limited Tax Changes in 2024
Taxation
Congress may enact changes in tax policy this year, but only in a few areas, and the chances of any such package passing by…
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Legislation Would Give New York City Power to Shut Illegal Smoke Shops
The Trusted Professional
A bill introduced in the New York State Assembly would, if passed, give New York City the legal authority to shut down…
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FinCEN Starts Accepting Beneficial Ownership Reports Under Corporate Transparency Law
The Trusted Professional
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) started accepting beneficial ownership…
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SBA to Reverse Course and Resume Collection of Some Past-Due COVID-Related Loans
The Trusted Professional
The Biden Administration has reversed its previously announced policy of not collecting some past-due COVID-19-era loans,…
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Regulatory Roundup: December 19-January 2
Regulatory Roundup
AICPA NASBA and AICPA Approve Revisions to Continuing Professional Education StandardsDec 20, 2023 AICPA Announces 2023…
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CFOs Prepare for Uncertainty as They Outline Their Priorities for 2024
The Trusted Professional
The past year ended with good news about the stock market and the economy in general, as well as enthusiasm for new…
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FASB to Move Ahead on Projects in 2024
Accounting
The Financial Accounting Standards Board (FASB) will move ahead with a number of projects in 2024, including accounting for…
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