Ways and Means Republicans Grill Treasury Secretary Over Biden’s Budget
In a combative hearing, Republican majority members of the House Ways and Means Committee lambasted President Biden’s 2024 budget and …
Commissioner Uyeda Says SEC Should Consider Changes to Smaller Reporting Company Definition
SEC Commissioner Mark Uyeda in a speech suggested reducing rule compliance burdens, among other measures, to help smaller companies go …
Ex-SEC Commissioner Piwowar Suggests Cutting Commission Rulemaking from Legislative Reforms
Former SEC Commissioner Michael Piwowar on March 9, 2023, suggested Congress move forward with securities law reforms that do not …
Biden’s Budget Calls for Increased Taxes on the Wealthy to Reduce Deficit
President Biden’s $6.8 trillion budget proposal calls for nearly $5 trillion in tax increases on the wealthy and large corporations to help …
IRS Begins Digitalization Efforts Starting with Forms 940
The IRS has announced that it has started a new Digital Intake initiative with its initial efforts aimed at the digital …
Senate Advances Werfel Confirmation as IRS Commissioner
The Senate on March 8 agreed by a vote of 51-44 to end debate on the nomination of Daniel Werfel …
FASB Revises Rule Issuance Plans for First Quarter: Two New Accounting Standards, Two Proposals to Come
The FASB revised its first quarter plans and will now issue two new accounting standards and two proposals by the …
SEC Chair Responds to Questions on Potential Lawsuit on Climate Disclosure, Fast Paced Rulemaking
The SEC is planning to finalize the closely-watched climate change disclosure rule in the next few months, and this was …
Housing Advocates Urge Congress to Enact Tax Policies for New Homebuyers
Supporters of affordable housing from around the country are pressing Senate tax writers to advance tax policy that they believe …
Ways and Means Demands Answers on Form 990-T Leaks
House Ways and Means Committee leadership has urged the IRS to supply documents and information relating to two incidents last …