2026 FASB Taxonomies Now Available
https://www.fasb.org/news-and-meetings/in-the-news/2026-fasb-taxonomies-now-available-22-423441
2026 FASB Taxonomies Now Available Read More »
Treasury, IRS allow States to make an Advance Election to participate in the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill
https://www.irs.gov/newsroom/treasury-irs-allow-states-to-make-an-advance-election-to-participate-in-the-new-federal-tax-credit-for-individual-contributions-to-scholarship-granting-organizations-under-the-one-big-beautiful-bill
Federal Reserve Cuts Rates by a Quarter Point
The Federal Reserve recently reduced the benchmark interest rate by a quarter point in its third cut of 2025. The reduction takes the federal funds rate, the interest rate banks charge each other for short-term loans, to a target range of 3.5%-3.75%. Three members of the rate-setting Federal Open Market Committee (FOMC) cast dissenting votes.
Federal Reserve Cuts Rates by a Quarter Point Read More »
Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill
https://www.irs.gov/newsroom/treasury-irs-provide-guidance-on-new-tax-benefits-for-health-savings-account-participants-under-the-one-big-beautiful-bill
FASB Issues New Standard to Improve Interim Reporting
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-improve-interim-reporting-423439
FASB Issues New Standard to Improve Interim Reporting Read More »
FASB Issues New Standard to Add Guidance on Accounting for Government Grants by Businesses
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-add-guidance-on-accounting-for-government-grants-by-businesses-423400
Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations
IRS Issues Final Regulations on Stock Repurchase Excise Tax
The IRS recently issued final regulations (T.D. 10037) regarding the application of the 1% excise tax on stock repurchases by publicly traded corporations under Sec. 4501. Introduced by the Inflation Reduction Act of 2022, the tax is based on the fair market value (FMV) of a corporation’s stock that certain corporations repurchase during a tax
IRS Issues Final Regulations on Stock Repurchase Excise Tax Read More »
FASB Issues New Standard to Improve Hedge Accounting Guidance
https://www.fasb.org/news-and-meetings/in-the-news/fasb–issues-new-standard-to-improve-hedge-accounting-guidance-423381
FASB Issues New Standard to Improve Hedge Accounting Guidance Read More »
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-individuals-who-received-tips-or-overtime-during-tax-year-2025