Trends & Insights

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%.
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 ...

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 ...
Understanding the Backdoor Roth IRA

Understanding the Backdoor Roth IRA

Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective ...
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.
IRS Opens ERC Voluntary Disclosure Program

IRS Opens ERC Voluntary Disclosure Program

If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help ...
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.
FASB  adopts certain SEC recommended disclosure updates

FASB adopts certain SEC recommended disclosure updates

The FASB has issued an Accounting Standards Update to incorporate several SEC disclosure and presentation requirements into U.S. GAAP.
Global economic outlook: Rates

Global economic outlook: Rates

Central banks in developed economies have essentially ended their rate hike campaigns and are moving to shape expectations for synchronized rate ...
December employment report caps an extraordinary year of 2.7 million jobs added

December employment report caps an extraordinary year of 2.7 million jobs added

The U.S. economy added 216,000 jobs in December, closing out an extraordinary year that saw an increase of 2.7 million in total employment and a ...
Advanced manufacturing production credit proposed regulations issued

Advanced manufacturing production credit proposed regulations issued

The section 45X advanced manufacturing production credit incentivizes the manufacturing of components used in energy projects.
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