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Emma Slack-Jorgensen
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As Gas Prices Soar, IRS Will Raise Deductible Mileage Rate by 4 Cents on July 1
Taxation
In response to the rising cost of gas, the IRS announced that it will increase the optional standard mileage rates for…
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Global Corporate Minimum Tax Deal Faces Lone E.U. Holdout and Looming U.S. Midterms
Taxation
It was nearly a year ago that the White House announced that 130 countries expressed support for a 15 percent global…
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AICPA Survey Finds IRS Challenges to Be Top Issue for Smaller Firms
The Trusted Professional
A survey released Tuesday by the AICPA Private Companies Practice Section has found that the top issue for smaller CPA firms…
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Senate Bill Would Give CFTC, Not SEC, Authority to Regulate Crypto, in Win for Industry
The Trusted Professional
A bill sponsored by Sens. Cynthia M. Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y) would give regulatory authority over…
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Regulatory Roundup - June 1-6
The Trusted Professional
AICPA NASBA, AICPA, Prometric Expand International CPA Examination Testing Locations, Effective June 2, 2022: Qualified…
Read More
Largest-Ever Four-Day Work Week Pilot Begins in U.K.
The Trusted Professional
On Monday, thousands of U.K. employees began a four-day work week as part of a pilot project that will last six months, CNN…
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FASB to Focus on Standards for Digital Assets and Financial Instruments with ESG-Linked Features
Accounting
The Financial Accounting Foundation (FAF) has issued its 2021 annual report, detailing the past and projected…
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Recent Drop in Value of Digital Assets Spurs Tax Concerns
The Trusted Professional
The recent tumble in value of many digital assets such as cryptocurrencies and nonfungible tokens (NFTs) has led to tax…
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Treasury Secretary Yellen Outlines Latest Efforts to Reduce Inflation
The Trusted Professional
Speaking yesterday, after meeting at the White House with President Joe Biden and Federal Reserve Chairman Jerome Powell,…
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