Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts

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Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts

Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his final speech of the year, the governor laid out his expectations for a softer …
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AICPA Releases Guidance on Changes to State Licensure Requirements

The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if
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IRS PLR: Taxpayer Denied Extension of Time to Request Change of Accounting Method (IRC §446)

The IRS has published a private letter ruling on Section 446 and Treasury Regulation Section 301.9100 denying a taxpayer's request for an
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Ford Credit's Harris to Retire, Be Succeeded by O'Callaghan – Business Wire

At the same time, Mark Kosman, presently director, Global Accounting, has been chosen to succeed O'Callaghan as Ford's chief accounting officer. The
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IRS Notice: Sustainable Aviation Fuel Credits Safe Harbors (IRC §40B) – Bloomberg Tax

Safe harbors for a method that can be used to qualify for and calculate the sustainable aviation fuel (SAF) credit under I.R.C. §40B and §6426(k),
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