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Clear filters
Accountants Urge New York City’s Elite to Stay After Mamdani Victory
The Trusted Professional
According to Bloomberg Tax, tax experts are trying to convince businesses and wealthy individuals not to rush into leaving…
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FASB Issues Update Aimed at Simplifying Accounting for Purchased Loans
Accounting
The Financial Accounting Standards Board (FASB) has released a new Accounting Standards Update (ASU) intended to streamline…
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2026 401(k) Limit Increases Set
The Trusted Professional
The IRS stated that the amount individuals can contribute to their 401(k) plans in 2026 has risen to $24,500, increasing…
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IRS Establishes Safe Harbor for Crypto Staking in Trusts
The Trusted Professional
The IRS has issued new guidance allowing certain trusts to stake digital assets without losing their status as investment or…
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IRS Issues Nearly 1,400 Layoff Notices Amid Ongoing Workforce Reductions
Tax Reform
The IRS Service has issued layoff notices to 1,399 employees, deepening staffing losses at an agency already facing a…
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IRS Confirms Roth-Only Catch-Up Contributions for High Earners Starting 2026
Accounting
A delayed provision of the SECURE 2.0 Act will take effect in 2026, requiring certain high-income workers to make 401(k)…
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FASB and GASB Seek Student Nominations for Postgraduate Technical Assistant Program
Accounting
The Financial Accounting Standards Board (FASB) and the Government Accounting Standards Board (GASB) are inviting accounting…
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Senate Moves Forward on Bill to End 40-Day Federal Shutdown
Accounting
The US Senate advanced a bill on Nov. 9 aimed at reopening the federal government after a 40-day shutdown that has halted…
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Regulatory Roundup: Nov. 4-10
The Trusted Professional
CBO Cost Estimate H.R. 1082, Shandra Eisenga Human Cell and Tissue Product Safety Act November 6, 2025 As passed by the House…
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