Tech news: CPAClub launches AI-powered CPAClub Coach
Plus, FloQuast achieves ISO 42001 certification on AI systems; and other accounting tech news and updates.
SEC withdraws accounting guidance on safeguarding crypto assets
The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.
Tax Fraud Blotter: Shipping and mishandling
Noted once more; a lot of shingles; refund’s in the mail; and other highlights of recent tax cases.
Supreme Court lifts injunction on Corporate Transparency Act
The Supreme Court lifted an injunction on the Corporate Transparency Act and its beneficial ownership information reporting requirement that had been imposed by a federal appeals court.
New ‘investor-friendly’ ETFs unlock tax deferral on appreciated assets
Funds that use Section 351 conversions are rolling out in 2025, led by the launch of one with the ticker TAX. Here’s what financial advisors and investors should know.
IRS can’t verify LITC grant recipient eligibility
The IRS doesn’t have the authority to independently verify that recipients of Low Income Taxpayer Clinic grants are eligible to receive them.
What’s ahead for your business in 2025?
As 2024 came to a close, Xero surveyed small business owners to find out how they were feeling, what was driving their positive or negative outlook, and how recent interest rate cuts had impacted their business.1 As Xero’s economist, I’ve reviewed the results and dusted off my crystal ball to bring you my thoughts on …
What’s ahead for your business in 2025?
As 2024 came to a close, Xero surveyed small business owners to find out how they were feeling, what was driving their positive or negative outlook, and how recent interest rate cuts had impacted their business.1 As Xero’s economist, I’ve reviewed the results and dusted off my crystal ball to bring you my thoughts on …
What’s ahead for your business in 2025?
As 2024 came to a close, Xero surveyed small business owners to find out how they were feeling, what was driving their positive or negative outlook, and how recent interest rate cuts had impacted their business.1 As Xero’s economist, I’ve reviewed the results and dusted off my crystal ball to bring you my thoughts on …
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.