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Emma Slack-Jorgensen
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Report: 57 Percent of American Households Paid No Income Tax in 2021
Taxation
A report by the Tax Policy Center has found that 57 percent of U.S. households paid no income tax last year because…
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TIGTA Report: IRS Should Make Changes to Remedy Inadequate Assistance to Taxpayers Over Tax Accounts
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) recently issued a report following an audit initiated…
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Report: Nearly 80 Percent of Global Accounting Firms Working on Advisory Services
The Trusted Professional
A report on global advisory trends issued by Spotlight Reporting, which offers cloud reporting and forecasting software,…
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PCAOB Warns Auditing Firms About Risks of Using Outside Service Providers for Confirmations
Auditing
The PCAOB has issued a publication admonishing auditing firms about the importance of determining that they can rely on…
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Regulatory Roundup - March 15-22
The Trusted Professional
AICPA AICPA Expresses Support for Bipartisan, Bicameral Letter to IRS Requesting Clarification on Notice Suspensions March…
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SEC Proposes Rule That Would Require Public Companies to Disclose Emissions
Auditing
On Monday, the Securities and Exchange Commission (SEC) announced a proposed rule that would require all publicly traded…
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Goldman Sachs Becomes First Major U.S. Bank to Trade Crypto Over the Counter
The Trusted Professional
Goldman Sachs has begun trading derivatives tied to digital assets, becoming the first major U.S. bank to trade crypto over…
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IRS Commissioner Says 2022 Filing Season Had Strong Start, Despite Backlogs from Last Year
Taxation
In testimony before the House Ways and Means Committee Thursday, IRS Commissioner Charles P. Rettig, while acknowledging…
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This St. Patrick’s Day, Tourism and Hospitality Industries Seek to Recoup Revenue Lost in Past Two Years
NextGen
From the Irish tourism industry to local businesses in cities across the United States, this St. Patrick’s Day presented…
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