Top 5 Accounting Rules to Hit Companies’ Books This Year, Including Issues to Watch For
Several of the FASB’s significant accounting standards take effect for the first time this year for businesses, including new rules …
Minnesota Enacts IRC Conformity Legislation
by Peter G. Pupke On January 12, 2023, Minnesota Governor Walz approved a bill that conforms the state taxes that reference …
US to Hit Debt Limit Jan. 19, Treasury Secretary Warns
Absent congressional intervention the federal government will reach its limit on the amount of money it is authorized to borrow …
Republicans Add 10 New Members to Tax Writing Committee
Newly elected House Ways and Means Committee Chairman Jason Smith, a Missouri republican unveiled on January 11 the new Republican …
SEC Plans to Finalize Two Dozen Rules in 2023
The SEC’s most recent update to its rulemaking agenda shows that the commission is planning to finalize 24 proposed rules, …
2023 Version of Employer’s Tax Guide to Fringe Benefits Released
The IRS has released the 2023 final version of its Publication 15-B (The Employer’s Tax Guide to Fringe Benefits). The “What’s New” …
National Taxpayer Advocate: Same Problems Plague IRS, But Future Is Hopeful
In her 2022 Annual Report to Congress, National Taxpayer Advocate Erin Collins again raised familiar issues the IRS has faced since …
House Passes Measure Clawing Back Nearly $80 Billion from IRS
The House of Representatives on January 10 approved a measure that would rescind almost all the $80 billion provided by …
Supreme Court Grants Solicitor General More Time on Potential Jarkesy Petition
The U.S. Supreme Court on January 6, 2023, granted U.S. Solicitor General Elizabeth Prelogar a nearly month-long extension to appeal …
Republican Rep. Smith of Missouri to Chair Ways and Means
Representative Jason Smith of Missouri on January 9 beat out fellow Republicans Florida Representative Vern Buchanan and Nebraska Representative Adrian …