Tag: Emerging Regulations

Amidst a surge in fraudulent applications for the ERTC, the IRS has implemented an immediate moratorium on processing new claims for the credit, which is expected to remain in effect

On August 25, the IRS unveiled a two-year postponement for the enforcement of SECURE 2.0’s mandatory Roth catch-up rule. This welcomed announcement delivers a sense of reprieve for individuals and

The internet and tv are overrun with advertisements claiming that employers are missing out on the lucrative ERTC. Although certain employers genuinely retain eligibility based on specific conditions, the IRS

New guidance has been issued by the IRS providing transitional relief related to recent legislative changes regarding the age at which taxpayers must begin taking RMDs from retirement accounts. Issued

With the value of virtual currency in a seemingly constant state of flux, the IRS’ focus on this digital asset has intensified. In 2021, they launched Operation Hidden Treasure, aiming

The recently enacted debt ceiling agreement, reached between President Biden and U.S. House of Representatives Speaker Kevin McCarthy (R-CA), has been officially signed into law. Known as the Fiscal Responsibility

New concerns about the impending insolvency of the Social Security program have surfaced in recent reports, absent congressional action. Social Security reform has long been considered a ‘third rail’ of

All too easily a company’s accounting records can become cluttered with duplicate items and unused accounts. Now might be the right time to ‘spring’ clean your QuickBooks® lists — such

President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget aims to cut the deficit by nearly $3 trillion over 10 years

A provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal has recently been addressed by the U.S. Supreme Court. Its 5-4 ruling in Bittner