Taxes
Treasury Releases Labor Rules for Clean Energy Tax Credits
The Inflation Reduction Act invests $369 billion toward tackling climate change through clean energy initiatives.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Taxes
IRS Increases Interest Rates for Q1 2023
For individuals, the rate for overpayments and underpayments will be 7% per year, up from 6%.
Taxes
Report: Tax Prep Websites Sent Clients' Financial Data to Facebook
Taxpayers’ financial information was being transmitted through a widely used code called the Meta Pixel.
Firm Management
Elliott Penn is Not Happening
The merger between Elliott Davis and Whitley Penn, which was supposed to close on Nov. 1, has been called off.
Auditing
PCAOB Proposes to Refresh Quality Control Rules for Audit Firms
The PCAOB plans to take a five-pronged approach to updating its quality control rules.
Taxes
Zelle Users Are Circumventing an IRS Tax Rule to Their Advantage
Zelle says the new IRS 1099-K reporting rules for third-party payment processors do not apply to them.
Firm Management
Baker Tilly Acquires Tax Consultancy Firm ACG
ACG’s 50 professionals will join Baker Tilly once the deal goes into effect on Dec. 1.
Firm Management
4 in 10 Companies Are Flirting with a 4-Day Workweek, EY Survey Finds
EY’s second annual Future Workplace Index tracks C-suite executive sentiment on the workplace of the future.
Firm Management
Audit Partners Are Hopeful Inflation Will Be Less Painful
Most audit leaders have an unfavorable view of the U.S. economy over the next year, according to a CAQ survey.
Accounting
Edward Bernard Appointed as Next FAF Chair
A director at LPL Financial Holdings since 2020, Bernard will begin his three-year term on Jan. 1, 2023.
Taxes
Biden Nominates Daniel Werfel as Next IRS Chief
An ex-IRS acting commissioner, Werfel is the global leader of the Public Sector practice at Boston Consulting Group.
Digital Currency
Binance Throws a Life Preserver to Rival Exchange FTX
Rumors had swirled of late about FTX going bankrupt. It is likely to be saved now that Binance said Nov. 8 it intends to acquire FTX.