Jobless claims hold steady as pending home sales plunge
Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1%.
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Business equipment spending rebounds
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses.
Inflation Reduction Act could provide clean energy tax credits for health care organizations and investors
Health care organizations have significant financial incentives to capitalize on the tax credits available from the IRA when investing in clean energy assets.
Falling jobless claims, existing home sales offer mixed economic picture
The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
Housing starts fall to three-year low amid 7% mortgage rate
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months.
Low core inflation should keep the Fed from hiking rates
While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear.
IRS releases initial rules for expenditures under section 174
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
IRS updates guidance on environmental justice solar and wind capacity limitation
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
New guidance released on clean energy credit labor requirements
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
Navigating the impact of recent regulatory changes in the BSA/AML/OFAC landscape
Learn about new regulatory guidance related to alternative banking and how your institution can grow while managing risks.
IRS halts employee retention credit processing
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
Revenue recognition for franchisors
In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
August retail sales and producer inflation show a hot summer finish
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus.
Proposed regulations for digital assets are here! Now what?
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
Energy pushes inflation higher but core prices remain grounded
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices.
Why the Fed should lift its 2% inflation target
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely...