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Emma Slack-Jorgensen
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Supreme Court: IRS Can Secretly Obtain Bank Records of Taxpayer’s Relatives
Taxation
The U.S. Supreme Court has ruled unanimously that the IRS can summon bank information without notifying account holders…
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The New York State Society of Certified Public Accountants Board Procedures
The Trusted Professional
NYSSCPA Board of Directors Standing Rules* SR-1. Establishment of Selections Subcommittee—Each year, on or before August 1,…
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Under New FASB Rule, Companies Are Disclosing Supply Chain Financing Details
Accounting
Companies are now disclosing their supply-chain-finance program details under a rule approved by the Financial Accounting…
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Treasury Asks Federal Agencies to Put Off Payments
The Trusted Professional
The U.S. Department of the Treasury has asked federal agencies about the flexibility of payments due before the end of June,…
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Latest Version of ChatGPT Passed a Practice CPA Exam
CPA Candidates
ChatGPT 3.5 may have failed a practice CPA exam, but Chat GPT 4.0 passed it, Accounting Today reported. ChatGPT 4.0's scores…
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Small Businesses Spooked by the Prospect of a Federal Default
The Trusted Professional
Small businesses are increasingly concerned about the prospect of a federal default, which could result in delayed payments,…
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Senate Bill Would Raise 1099-K Reporting Threshold to $10K for Third-Party Platforms
Taxation
Two U.S. senators have introduced legislation to raise the dollar threshold for required reporting on third-party…
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LinkedIn Report: Chief Revenue Officer Is Fastest-Growing Job
NextGen
Chief revenue officer (CRO) is not only a relatively new title, but it is the fastest-growing job in the United States over…
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Regulatory Roundup: May 16-22
Regulatory Roundup
AICPA AICPA Publishes Detailed Plan to Boost Pool of Prospective CPA CandidatesMay 17, 2023 CBO Cost Estimate H.R 3205,…
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