Senate Finance Finalizes Roster With Three New Republicans
The Senate Finance Committee roster for the 118th Congress includes 14 Democrats and 13 Republicans, with three new GOP members …
AICPA’s Auditing Standards Board Votes to Finalize Proposed Group Audits Standard
The AICPA’s Auditing Standards Board (ASB) voted to finalize its proposal on group audits during a video meeting held from …
Senate Finance Committee Schedules IRS Commissioner Confirmation Hearing
Several months removed from former IRS Commissioner Chuck Rettig’s departure, the Senate Finance Committee will consider President Biden’s nomination of …
FASB to Issue One New Accounting Standard and Three Proposals This Quarter
The FASB plans to issue one new standard and three proposals by the end of this reporting quarter, according to …
President Biden’s State of the Union Calls Out No Tax Increases and Paid Leave
On February 7, 2023, President Biden delivered his State of the Union address. The speech urged bipartisan cooperation and touched …
SEC Seeks Candidates to Serve as PCAOB Member
The Securities and Exchange Commission on Feb. 7, 2023, said that it is seeking candidates to serve as a board …
Corporate Alternative Minimum Tax Depreciation Guidance Is Limited, Tax Pro Says
Preliminary guidance on the corporate alternative minimum tax (CAMT) released by the IRS late December does not go far enough …
CPAs Promote Simplicity, Fairness in 2023 Tax Proposals
The American Institute of Certified Public Accountants (AICPA) on February 7 released its compendium of tax legislative proposals for 2023, spanning …
New Service Industry Tip Reporting Program Proposed
The IRS has issued a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program. SITCA …
Kansas Announces Sales and Use Tax Rate Changes Effective April 1, 2023
by Ashleigh M. Paige Effective April 1, 2023, the combined Kansas state and local sales and use tax rates will …