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IRS Proposes New Rules for Roth Catch-Up Contributions Under SECURE 2.0 Act
Taxation
The IRS and Treasury Department have issued proposed regulations to implement key provisions of the SECURE 2.0 Act…
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Another Texas Court Issues a Preliminary Injunction on the Corporate Transparency Act
Accounting
Another federal court in Texas has once again blocked the Corporate Transparency Act (CTA) and its beneficial ownership…
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Taxpayer Advocate Gives IRS a Mixed Review in 2024 Annual Report
Taxation
The 2024 Annual Report to Congress by National Taxpayer Advocate Erin Collins is a mixed evaluation of the IRS. It praises…
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Blackstone's Investment in Citrin Cooperman Shows PE's Growing Role in Accounting Profession
Accounting
Blackstone has acquired a significant stake in top 20 tax firm Citrin Cooperman, Wall Street Journal reported. The…
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Audit Firms Push Back and Ask SEC to Reject PCAOB Metrics
Auditing
Audit firms are calling on the Securities and Exchange Commission (SEC) to reject new metrics proposed by the Public Company…
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Justice Department Urges Supreme Court to Stop CTA Injunction
Accounting
On Dec. 31, the Department of Justice (DOJ) asked the U.S. Supreme Court to issue a stay of the preliminary injunction that…
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Regulatory Roundup: December 17 - January 6
Regulatory Roundup
AICPA AICPA & CIMA celebrate top accounting and finance talent at first-ever CGMA Professional Awards – Asia Pacific…
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FASB Publishes Its 2025 Taxonomies
Accounting
The Financial Accounting Standards Board (FASB) has published what is collectively known as the "FASB Taxonomies," according…
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FASB to Build Its Agenda Based on Input in 2025
Accounting
Bloomberg Tax reported that the Financial Accounting Standards Board’s (FASB) top priority for 2025 is identifying which…
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