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The IRS urges businesses to review ERC claims for 7 common red flags

The IRS urges businesses to review ERC claims for 7 common red flags

IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs ...
Natural gas and the move toward energy self-sufficiency

Natural gas and the move toward energy self-sufficiency

Natural gas accounts for roughly 30% of the energy used domestically, and the U.S. is now the largest global exporter of LNG.
Inflation expectations remain remarkably well anchored

Inflation expectations remain remarkably well anchored

The Federal Reserve's five-year inflation forward breakeven rate—a closely watched measure of inflation expectations—stands at 2.3%, below the ...
CPI: Fed to remain patient as real wages rise 1.4%

CPI: Fed to remain patient as real wages rise 1.4%

January's data shows that inflation is continuing to ease even as wages increase on an inflation-adjusted basis—an undeniably positive development.
Bad debt tax deduction method proposed for financial institutions

Bad debt tax deduction method proposed for financial institutions

Banks and insurance companies would see a simplification of their tax reporting of credit losses under proposed regulations.
Fed survey shows further improvement in financial conditions

Fed survey shows further improvement in financial conditions

The worst of monetary tightening for the financial market may be behind us, according to the latest quarterly Senior Loan Officer Opinion Survey ...
ASU 2023-09 will require enhanced disclosures about income taxes

ASU 2023-09 will require enhanced disclosures about income taxes

Companies should prepare for a recent FASB update that requires enhanced disclosures about effective tax rates and income taxes paid.
IRS issues guidance on statutory exceptions to domestic content requirements

IRS issues guidance on statutory exceptions to domestic content requirements

The IRS released guidance for applicable entities to claim the statutory exceptions to phaseout of domestic content requirement for energy credits
U.S. economy booms at a 3.3% pace in the fourth quarter

U.S. economy booms at a 3.3% pace in the fourth quarter

The U.S. economy last year expanded by a robust, above-trend pace of 3.1% and a fourth quarter pace on a seasonally adjusted rate of 3.3%.

Navigating the new DOL guidance on worker classification

The U.S. Department of Labor's new rule reinstates the "economic reality test" for distinguishing employees from independent contractors and ...
The IRS launches the pre-filing registration tool for clean energy credits

The IRS launches the pre-filing registration tool for clean energy credits

The IRS has launched the pre-filing registration tool enabling taxpayers to monetize clean energy credits under the IRA/CHIPS. The IRS released ...
Consumer sentiment rises above expectations in January

Consumer sentiment rises above expectations in January

Consumer sentiment rose in January to 78.8 from 69.7, much higher than the median consensus forecast of 70.1.
How attacks on ships in the Red Sea are affecting trade

How attacks on ships in the Red Sea are affecting trade

Trade through the Red Sea accounts for 15% of total global sea trade, including vital supplies of grains, seaborn liquid natural gas and oil.
New York finalizes broad changes to corporate tax rules

New York finalizes broad changes to corporate tax rules

New York's long-anticipated corporate tax regulations addressing 2014 tax reform and general modernization to the state's tax code are final.
The art of the practical: Adopting AI in a responsible way

The art of the practical: Adopting AI in a responsible way

Insights and best practices on how to navigate the intricate AI environment and drive enhanced growth and efficiency.
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