Crypto’s future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.
Day: December 17, 2024
KPMG grows global revenue to $38.4B
KPMG International reported that annual aggregated revenues of its member firms around the world grew 5.1% for the 2024 fiscal year.
FASB proposes update on environmental credits
The proposed accounting standards update provides disclosure requirements related to environmental credits and obligations.
Does the SALT tax deduction cap unfairly penalize women?
The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens to examine gender-based disparities.
IRS amends rules for computing the premium tax credit
The IRS released final regulations that amend the definition of “coverage month” and amend other rules in existing income tax regulations for computing the premium tax credit.
Can blockchain track Scope 3 emissions?
Accounting researchers suggest that using blockchain, smart contracts and NFTs could simplify tracking for carbon reporting.
Average audit fees grew 6.41%
The average audit fee increased to $3.01 million from 2022 to 2023, up from $2.83 million in the previous cycle, according to a new report.
CFOs have the worst job security in the C-suite
Chief financial officers continue to experience a downward decline in tenure and the lowest level of job security in the C-suite, according to a new study.