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Emma Slack-Jorgensen
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IRS Raises 2024 Contribution Limits for Retirement Plans
Taxation
The IRS is increasing the amount that individuals can contribute to various retirement plans in 2024. The limits for…
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Companies Raise Objections to Proposed FASB Rule on Expense Disclosures
Accounting
Executives at large public companies have voiced their objections to the Financial Accounting Standards Board (FASB)’s…
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Federal Tax Changes Could Benefit Legal Cannabis Businesses
Taxation
Some members of Congress have been trying to make it easier for legal cannabis businesses to cope with their taxes,…
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Nominations for Society’s Board of Directors Due Dec. 29
The Trusted Professional
Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting…
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Proposed Labor Dept. Rule Would Extend ERISA Protections to IRAs
The Trusted Professional
The U.S. Department of Labor ’s Employee Benefits Security Administration has proposed a retirement security rule updating…
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IRS Extends Pandemic-Era Digital Flexibilities
The Trusted Professional
The IRS is extending two temporary flexibilities for taxpayers that were originally put in place during the COVID-19…
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Some Experts Argue for Raising Taxes to Avoid a More Massive Budget Deficit
Taxation
Falling federal revenue compared to 2022, and a stock market that has not been as robust as that year, means that Congress…
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IRS Working on Relief for Businesses That Deposited Possibly Improper ERC Payments
Taxation
Millions of businesses that may have been victims of fraudulent Employee Retention Credit (ERC) schemes are wondering what…
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Regulatory Roundup: October 24-30
The Trusted Professional
CBO Report Answers to Questions for the Record Following a Hearing on Alternative Payment Models and the Slowdown in Federal…
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