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Emma Slack-Jorgensen
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IRS Warns About Hurricane-Related Charity Scams
Taxation
The IRS warned taxpayers on Oct. 15—after Hurricanes Milton and Helene—about scammers who use fake charities to obtain…
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Maximum Earnings Subject to Social Security Tax Set to Increase in 2025
Taxation
The maximum amount of earnings subject to Social Security tax for individuals is set to rise to $176,100 from $168,600 in…
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After Hurricane Milton Devastates Florida, IRS Offers Tax Relief to the Entire State
Taxation
In the aftermath of Hurricane Milton, the IRS announced on Oct. 11 tax relief for individuals and businesses in 51 counties…
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Regulatory Roundup: October 8-14
Regulatory Roundup
AICPA Keynote speakers announced for AICPA & CIMA ENGAGE CFO Strategy & Innovation Summit 2024October 13, 2024 CBO…
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IRS 2022 Tax Gap Projections Increase From Previous Years
The Trusted Professional
The IRS published the tax gap projections for 2022 on Oct. 10. They show the country’s projected gross tax gap at $696…
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GASB Requests Input on Infrastructure Asset Proposals
Auditing
The Governmental Accounting Standards Board (GASB) is soliciting comments on proposals about accounting and financial…
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AI Is Both a Blessing and a Risk in Audit, Surveys Say
Auditing
Two recent survey reports examined the relationship between artificial intelligence (AI) and the audit function. The…
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Auditors Scramble to Assess the Deluge of PCAOB Rule Changes
Taxation
Bloomberg Tax reported that US auditors are trying to assess a series of rule changes in the next couple of years that will…
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Agencies Publish Guidance on Long-Term, Part-Time Employees in 403(b) Plans
Taxation
On Oct. 3, the IRS and Treasury Department issued Notice 2024-73 on long-term, part-time employees in 403(b) retirement…
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