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Emma Slack-Jorgensen
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IRS Rules That Crypto Staking Rewards Should Be Included in Gross Income
Taxation
A new revenue ruling from the IRS addresses an issue pertaining to crypto staking taxation. According to Coindesk.com,…
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Mastercard to End Debit Card Use for Cannabis Purchases
The Trusted Professional
Mastercard is ending the use of its debit cards to purchase cannabis, The New York Times reported. The company said that…
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Survey: 60% of Consumers Use Technology Tools Before Consulting Financial Professionals
The Trusted Professional
Sixty percent of financial technology users seek advice from fintech solutions before consulting their accountant or…
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House Oversight Subcommittee Hears About Employee Retention Credit Problems
Taxation
The U.S. House of Representatives’ Committee on Ways and Means’ Subcommittee on Oversight recently held a hearing on the…
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Regulatory Roundup: July 25-31
Regulatory Roundup
AICPA AICPA & CIMA launch new climate resilience accounting resourceJuly 23, 2023 CIMA partners with ICAZ to elevate the…
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GAO: IRS Can Use New Funding to Audit More Large Partnerships
Auditing
The IRS audits few large partnerships, and it can use the extra funding provided by the Inflation Reduction Act to…
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IRS Intensifies Scrutiny of Employee Retention Credit Fraud
Taxation
After clearing its backlog of Employee Retention Credit (ERC) claims, the IRS is now shifting its efforts to implementing…
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SEC Proposes New Rules for Use of Predictive Data Analytics by Brokerages and Advisers
The Trusted Professional
The Securities and Exchange Commission (SEC) has proposed new rules that would govern how broker-dealers and investment…
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PCAOB Staff Report Finds Continued Rise in Audit Deficiencies in 2022
Auditing
A staff report from the Public Company Accounting Oversight Board (PCAOB) states that its inspections of accounting firm…
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