ISSB issues initial two standards on sustainability
Learn about the International Sustainability Standards Board’s inaugural standards on sustainability disclosures here.
Inflation slows to 3% in June but the Fed”s work is not done
The 3% year-ago increase in the consumer price index reported by the Labor Department on Wednesday is down from a peak of 9.1% in June 2022.
Energy communities bonus credit guidance
Updated guidance on the energy community bonus credit offers clarity on brownfield site safe harbor requirements and prior online modification.
U.S. economy was a lot stronger in first quarter, final GDP estimate shows
The third and final estimate of gross domestic product showed a drastic upward revision to a 2.0% gain from 1.3% on a quarterly and annualized basis.
Rising interest rates put a spotlight on cash management for construction
Rising interest rates put a spotlight on cash management for construction contractors looking to reduce liquidity risk.
Inflation relief in the pipeline as food, gas and service prices ease
Top-line U.S. inflation is moving back toward levels where it is appropriate for the Federal Reserve to pause in its efforts to restore price ...
Financial services update: FedNow, banking results, reinsurance disruption
In our latest financial services update, we take a look at the upcoming launch of the Federal Reserve's instant payment system, banking results ...
Second notice for 48C program begins credit application process
IRS provides additional guidance on the application process for qualifying advanced energy project credit program under the Inflation Reduction Act.
New guidance from IRS on correction of errors in qualified retirement plans
The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.
The debt ceiling agreement and the financial health of the U.S.
The agreemen's impact on economic growth will most likely be negligible and will bring modest growth in overall spending over the next two years.
Fitch puts U.S. on ratings watch negative
It is time for the Federal Reserve to act pre-emptively to ensure well-functioning financial markets and signal to global market participants ...
New Treasury guidance on IRA domestic content rules
New Treasury guidance on domestic content bonus credit provides clarity on new IRA provision for PTC and ITC.
FinCen releases FAQs to clarify Beneficial Ownership Information (BOI) reporting
FinCen’s new FAQs aim to clarify beneficial ownership information reporting requirements
New York enacts 2023-2024 budget with tax changes
New York budget adopts a number of tax changes including to the pass-through entity tax, corporate income tax rates and credits and incentives.
Fed hikes rate a quarter point while creating framework for a pause
The 25 basis-point increase was accompanied by changes in the Federal Open Market Committee’s statement that imply a possible pause at the Fed’s ...
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