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Emma Slack-Jorgensen
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Deal Suspending Debt Ceiling—and Cutting Some IRS Funding—Signed into Law
Taxation
President Joe Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, allowing for a two-year suspension of…
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Companies' Use of Accounting Maneuvers to Report Higher Earnings Comes Under Scrutiny
Accounting
Many companies are managing their earnings—using the flexibility in accounting rules to improve reported earnings per…
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Libor Sunsets in a Month, and Companies Urged to Switch
The Trusted Professional
The phaseout of the London interbank offered rate (Libor) will be complete at the end of the month, but some companies have…
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New Corporate Transparency Act Rules Confront Small Business 'Awareness Gap'
The Trusted Professional
New beneficial ownership disclosure rules mandated by the Corporate Transparency Act (CTA) will have an immediate impact on…
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IRS Begins Talks to Roll Out Pilot Free E-File Option
Taxation
The IRS is now taking steps to implement its pilot test of a free e-file system by holding talks with advocacy groups,…
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Deal to Suspend Debt Ceiling Cuts IRS Funding
Taxation
The legislation resulting from the agreement reached by President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) to…
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IRS Renews Warning of Employee Retention Credit Scams
Taxation
The IRS has renewed an alert to businesses and tax-exempt groups to be wary of companies and individuals promoting their…
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New York State Legislature Passes Non-CPA Ownership Bill
Advocacy
After 10 years of lobbying in Albany to allow non-CPAs to become minority partners at CPA firms, the NYSSCPA achieved…
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Regulatory Roundup: May 23-30
Regulatory Roundup
AICPA New AICPA Chair Looks to Foster Innovation and the Next GenerationMay 24, 2023 AICPA Recognizes Top 2022 CPA Exam…
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