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Emma Slack-Jorgensen
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Powell: Federal Reserve Should Maintain Independence, Mostly Avoid Climate Issues
The Trusted Professional
The Federal Reserve Board should maintain its independence and avoid other issues that are not within its mandate, Chair…
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House GOP Attempts to Repeal Funding to IRS
Taxation
In one of its first actions, the new Republican majority in the U.S. House of Representatives moved to rescind most of the…
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DOJ Investigating Binance for Possible Money Laundering Violations
The Trusted Professional
The U.S. Attorney’s Office for the Western District of Washington in Seattle has issued subpoenas to some investment…
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IRS Issues Nearly $15B in Refunds After Correcting for 2020 Unemployment Compensation Tax Overpayments
Taxation
The IRS has made corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment…
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Regulatory Roundup: January 4-9
Regulatory Roundup
AICPA AICPA Unveils Blueprints for Redesigned CPA…
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FTC Moves to Ban Noncompete Clauses
The Trusted Professional
The Federal Trade Commission (FTC) has proposed a rule to ban employers from imposing noncompete clauses on employees,…
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GAO Report Considers Ways to Maintain Local News
The Trusted Professional
Noting the decline in local news media, the Government Accountability Office (GAO) released a report that suggested policies…
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Syracuse University Report Finds Disparities in IRS Audits
Taxation
The chances of a millionaire being audited by the IRS last year stood at about one in 100, while lower-income wage earners…
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Coinbase Settles with New York State for $100 Million Over Compliance Violations
The Trusted Professional
Coinbase, the largest U.S.-based cryptocurrency trading exchange, will pay a $50 million penalty to New York state for…
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