Banking

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

Plus, Schneider Downs launches SD Digital group; and other updates from the accounting technology world.

Costs to access and connect with certain cloud-based solutions have been increasing, leading to higher technology costs for accounting firms.

The digital bank is giving accountholders free in-app preparation and filing services through Column Tax.

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

Lots of letters; sales tax and crumbling streets; a different look at due diligence; and other highlights from our favorite tax bloggers.

The justices, voting 6-3 along ideological lines, sided with six Republican-led states that sued to challenge the program.

A recent study looked at government-backed virtual currency.

Plus, Lockstep releases new self-service portal; OneStream announces Solutions Exchange; and other accounting tech stories.

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.

Fair-value accounting helped bring down SVB; could discounted cash flow valuation have kept it going?

The closure of crypto-friendly Silvergate Capital and seizure of Signature Bank have left crypto firms struggling to find new banks for depository and payment services.

The financial automation software provider is expanding its services in the aftermath of the SVB crash.

While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.

A short seller says the problems that triggered the bank's death spiral were clear from the firm's earnings reports.