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Emma Slack-Jorgensen
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Federal Reserve Official Expresses Concerns Over Stablecoins
The Trusted Professional
The Federal Reserve Board “has a strong interest in ensuring that any stablecoin offerings operate within an appropriate…
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SBA Program for Minority Contractors Ruled Unconstitutional
The Trusted Professional
A federal judge has ruled that a provision of a Small Business Administration (SBA) program designed to help historically…
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FASB Approves Crypto Asset Accounting and Disclosure Rule
Accounting
The Financial Accounting Standards Board (FASB) has voted to approve a new rule on cryptocurrency accounting and…
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Two State Societies Seek Alternatives to 150-Hour Rule
The Trusted Professional
State CPA societies in Minnesota and South Carolina are lobbying their respective state legislatures to abandon the 150-hour…
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Tax Experts Warn of Employee Retention Credit Audits
Auditing
Repeated IRS warnings about fraudulent Employee Retention Credit (ERC) schemes have not deterred unscrupulous promoters from…
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IRS Issues New Guidance on Federal Tax Impact of State Payments
Taxation
The IRS has issued new guidance on the federal income tax consequences of certain state payments, adding to its previous…
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HHS Recommends Reclassifying Cannabis As a Lower-Risk Drug
The Trusted Professional
The U.S. Department of Health and Human Services (HHS) has recommended reclassifying cannabis as a lower-risk drug, which…
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Regulatory Roundup: August 29-September 5
Regulatory Roundup
AICPA As Recession Fears Fade, Business Executives’ Outlook on the U.S. Economy Brightens a Bit, AICPA & CIMA Survey…
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Proposed Rule Would Increase and Expand Overtime Eligibility
The Trusted Professional
Millions more U.S. workers could become eligible for overtime pay under a new rule proposed by the U.S. Department of Labor.…
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