Andrea Gacki, director of the Financial Crimes Enforcement Network, reassured a House committee that the agency can act only against willful violations of the new beneficial ownership information reporting rule.
Day: February 16, 2024
IRS commits to making Child Tax Credit changes quickly
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
On Form 1099-K delays, Werfel says IRS must protect taxpayer rights
IRS Commissioner Danny Werfel also discussed the employee retention credit and IRS funding when he appeared before the House Ways and Means Committee on Thursday.
Tech news: IRS Solutions launches tool to detect changes to client transcripts
Plus, LeaseCrunch offers webinar on ASC 842 basics; and other accounting technology news.
Harnessing the hype of GenAI
The chair and CEO of Deloitte Tax discusses how the firm is executing cross-business strategies to accelerate innovation and responsible application of artificial intelligence across Deloitte’s offerings, products and services.
A&A Focus recap: ASB update, technology spotlight, AR-C Section 70, and CECL
The February AICPA accounting, audit, and attest webcast brought together experts, including the chairs of the Auditing Standards Board (ASB) and the Accounting and Review Services Committee (ARSC), to provide updates on recent news.
KPMG study reveals surprising plan for ESG spending by companies
Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.
On the move: KPMG releases pair of reports
Eide Bailly appoints next CFO; HHM CPAs promotes two to partner; and more news from across the profession.