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Emma Slack-Jorgensen
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FASB Approves Crypto Asset Accounting and Disclosure Rule
Accounting
The Financial Accounting Standards Board (FASB) has voted to approve a new rule on cryptocurrency accounting and…
Read More
Two State Societies Seek Alternatives to 150-Hour Rule
The Trusted Professional
State CPA societies in Minnesota and South Carolina are lobbying their respective state legislatures to abandon the 150-hour…
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Tax Experts Warn of Employee Retention Credit Audits
Auditing
Repeated IRS warnings about fraudulent Employee Retention Credit (ERC) schemes have not deterred unscrupulous promoters from…
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Four Million Student Loan Borrowers Enrolled in New Income-Driven Repayment Plan
NextGen
The Biden Administration’s income-driven student loan repayment plan, Saving on A Valuable Education (SAVE), has already…
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CFOs Wonder If Student Loan Repayments Mean Spending Dropoffs
NextGen
Chief financial officers are watching to see if a resumption of federal student loan repayments that start on Oct. 1 will…
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IRS Issues New Guidance on Federal Tax Impact of State Payments
Taxation
The IRS has issued new guidance on the federal income tax consequences of certain state payments, adding to its previous…
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HHS Recommends Reclassifying Cannabis As a Lower-Risk Drug
The Trusted Professional
The U.S. Department of Health and Human Services (HHS) has recommended reclassifying cannabis as a lower-risk drug, which…
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Regulatory Roundup: August 29-September 5
Regulatory Roundup
AICPA As Recession Fears Fade, Business Executives’ Outlook on the U.S. Economy Brightens a Bit, AICPA & CIMA Survey…
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Calls For U.S. Wealth Tax Again Grow Louder – But Are They Any More Effective?
Tax Compass
After years of debate, discussion and indecision over income gaps, some states have proposed laws to tax the uber-rich even…
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