Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers. Going slow Why? Rocks and shoals Favs Procedurally Taxing (https://procedurallytaxing.com): Fave headline of the week: “Court Invokes Aesop’s Fables in Denying Government’s Request for Injunctive Relief.” Institute on Taxation and Economic Policy (https://itep.org/category/blog/): Fave opening of the week:
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In the era of social media influencers, some investors are turning to platforms like YouTube, TikTok and Instagram for answers to their most pressing financial concerns. But advisors recommend scrutiny when seeking guidance online — especially when weighing money decisions with the possibility of harmful consequences. “Because social media is democratized and everybody has a
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The International Accounting Standards Board is proposing to modify its financial instruments standard to deal with assets with environmental, social and governance features, as well as electronic payment systems. The IASB released an exposure draft Tuesday proposing to amend the classification and measurement requirements under International Financial Reporting Standards for financial instruments, known as IFRS
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Photographer: Samuel Corum/Bloomberg via Getty Images President Joe Biden used his first veto to preserve a recent U.S. Department of Labor rule about investment choice in 401(k) and other workplace retirement plans. The regulation, which took effect in January, applies to so-called “environmental, social and governance” funds. These ESG investments — also known as sustainable
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In the modern workplace, recruitment and onboarding are essential to creating a thriving work environment. Strengthening your welcome email to new employees is one of the best ways to kick off their journey at your organization, helping your new team member feel valued and motivated right away. In this article, we’ve put together 24 fantastic examples
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Psychologist Robin Hogarth developed the concept of wicked learning environments and kind learning environments. I bring this up because it summarizes where our profession is going.  In a kind environment, the rules don’t change, patterns tend to repeat themselves, and client interactions look the same day after day, year after year. Remember those days? In a
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Pascal Broze | Onoky | Getty Images An 8.7% Social Security cost-of-living adjustment for 2023 means beneficiaries received on average $140 per month more starting in January. Now, new research from Bank of America Institute finds faster spending growth among older generations that receive Social Security income. For the week ending Feb. 18, individuals born
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The Organization for Economic Cooperation and Development is making plans for easing multinational companies and government tax authorities into its plans for a global minimum tax. Last Thursday, the OECD held a public consultation meeting on compliance and the tax certainty aspects of the global minimum tax. The OECD unveiled technical guidance last month for
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China suspended the operations of Deloitte Touche Tohmatsu Ltd.’s Beijing office for three months and imposed an unprecedented fine over lapses in its auditing work of bad-debt manager China Huarong Asset Management Co. After several on-site inspections, personnel interviews, a review of paperwork and a hearing, the Ministry of Finance found that Deloitte had “serious
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HQ of Ledgible Crypto tax and accounting platform Ledgible announced that its software can now produce Form 8283, which concerns non-cash charitable contributions, such as cryptocurrency, worth more than $500. Ledgible Tax will produce an attachment for the 8283 form, so all cryptocurrency transactions applicable to it are included. The form contains two main sections
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