Fed signals end of rate hikes and projects cuts in 2024
The Federal Reserve signaled at its meeting on Wednesday that it is done raising its policy rate and is poised to reduce it by 75 basis points ...
U.S. November Consumer Price Index: Inflation continues to abate
Inflation continued to abate in November as energy prices declined by 2.3% and gasoline prices dropped by 6%, resulting in a 0.1% monthly ...
IRS will use AI to help target partnerships and high net worth individuals
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
FOMC preview and the logic of Fed rate cuts in 2024
After nearly two years of raising the federal funds policy rate to restore price stability, the Federal Reserve is poised to all but declare ...
U.S. economic outlook: Expansion continues into 2024
Expect the economy to settle into its long-term growth rate of around 1.8% next year. Read our forecasts for growth, inflation, unemployment, ...
Inflation slows again, pointing to another rate pause
The personal consumption expenditures price index, the Federal Reserve's favorite inflation metric, was unchanged on the month, while the core ...
IRS delays implementation of lower $600 reporting threshold for 1099-K
New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach.
New IRA energy credit guidance
New ITC regulations address tax credit for solar, energy storage, geothermal, biogas, CHP and microgrid controller property
IRS issues guidance on the transfer of clean vehicle credits
The IRS and the Treasury Department have released guidance on how buyers can transfer clean vehicle credits to dealers at the time of purchase.
IRS clarifies government orders for ERC claims
OSHA communications are not government orders that support ERC eligibility in most cases says GLAM 2023-007.
IRS Releases 2024 tax inflation adjustments
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
Major regulatory change on the horizon for financial institutions
Major regulatory change is on the horizon for financial institutions, including new liquidity and capital requirement rules.
Fed’s key wage inflation metric tops forecast
The employment cost index for the third quarter showed that labor costs rose 1.1% higher than the forecast of 1.0% and were higher than the ...
Construction employment: Kickstarting the reindustrialization of the American economy
Public policy put in place in recent years points toward a tailwind for both construction employment and the manufacturing sector.
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