The Section 199A tax deduction for small and family-owned businesses supports 1.1 million jobs directly, 590,000 jobs through increased employee compensation, and another 853,000 jobs from related con...
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The U.S. House of Representatives passed two bills that seek to combat potential threats posed by China. One of the bills that passed is the Taiwan Conflict Deterrence Act of 2023 (H.R. 554), spons...
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The Securities and Exchange Commission (SEC) approved a new quality control standard for the Public Company Accounting Oversight Board’s (PCAOB). The new standard -- QC 1000, A Firm’s System o...
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On Friday, the Securities and Exchange Commission (SEC) announced it had settled charges against Esmark in regard to its proposed purchase of U.S. Steel. According to the SEC’s order, Esmark, at...
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U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny Werfel highlighted some of the key milestones in their departments’ various initiatives, including collecti...
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On Thursday, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) held the sixth of 10 planned event to bring the public and private sector together to combat fentanyl. F...
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U.S. Sen. Elizabeth Warren (D-MA) is urging the Internal Revenue Service (IRS) to increase its scrutiny of Real Estate Investment Trusts (REITs). Last week, the IRS issued a warning about hotel an...
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The search is underway for the next president and CEO of the Federal Reserve Bank of Philadelphia. The new president and CEO will succeed Patrick T. Harker who is leaving his position on June 30, 2...
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The Commodity Futures Trading Commission (CFTC) settled charges this week against a digital assets firm for trading violations. The charges were filed against Universal Navigation Inc., doing busin...
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Sen. Ron Wyden (D-OR), Senate Finance Committee chairman, recently urged the Centers for Medicare & Medicaid Services (CMS) and the Administration for Children and Families (ACF) to use existing autho...
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