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IRS Changes Amount Teachers Can Deduct for Classroom Expenses

(CPA Practice Advisor) - For 2022, the amount increased to a maximum of $300 and will increase in $50 increments in future years based on inflation.


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Growing Today’s Accounting Businesses 
(The CPA Journal) -Over the past 20 years, many public accounting practices transformed into accounting businesses, with some even becoming multifaceted professional services organizations. The shift was precipitated…

UK Real Wages Decline at Record Rate as Inflation Soars 
(CNBC) - While average pay — excluding bonuses — increased by 4.7% in the April to June period, according to the ONS, the cost of living is increasing at an even faster rate and outpacing wage growth.

New Electric Car Tax Credits Are About to Radically Change Buying EVs 
(CNET) - A number of EVs should become more affordable, but only after a "subsidy winter" when far fewer cars will qualify.

IRS Interest Rates Increase for Q4 
(Accounting Today) - The service has raised the rates it pays for overpayments and charges for underpayments.

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