The board seeks comments on an Accounting Standards Update that addresses 34 issues in GAAP.
Day: January 22, 2025
White House cancels Biden AI order
The White House has canceled the October 2023 executive order from the previous administration on AI regulation and oversight.
How HSAs pay off in retirement — with caveats
A client’s immediate health needs make saving their accounts until they’re 65 or over a difficult endeavor, and the accounts carry some highly specific rules.
Bipartisan bill would speed tax relief after natural disasters
Lawmakers in the House and Senate reintroduced bipartisan legislation to provide faster filing relief to taxpayers hit by natural disasters.
FASB proposes codification changes
The Financial Accounting Standards Board released a proposed ASU containing a set of targeted improvements to the FASB Accounting Standards Codification.
Ramp offers business and investment accounts
Spend management solution provider Ramp announced the release of Ramp Treasury, which can act as a business or investment account for users.