Author: Editor

The Internal Revenue Service is disputing claims that spread on social media last week about $1,390 stimulus checks being mailed to taxpayers.An IRS official who asked to remain anonymous confirmed to Accounting Today that the rumors are false and pointed to a post pinned to the top of the IRS’s own official @IRStaxpros page on X, saying, “#IRS Warning: Watch out for stimulus check scams. The Recovery Rebate Credit has expired. Monitor http://irs.gov/alerts for more.”Rumors about the stimulus checks have gained some credibility because the IRS itself was advertising earlier this year the impending end to availability of unclaimed refunds…

Illinois Gov. JB Pritzker signed a bill into law on Friday that adds two additional pathways to CPA licensure. House Bill 2459 amends the Illinois Public Accounting Act to add two new paths, in addition to the current 150-hour path, requiring either 1) a bachelor’s degree with a concentration in accounting and two years of experience, or 2) a master’s degree with the required concentration in accounting and one year of work experience. All pathways require that candidates pass the Uniform CPA Exam. The legislation also ensures CPA mobility, so out-of-state CPAs can serve clients in Illinois without having to obtain an…

Vestas Wind Systems A/S shares jumped on Monday after guidance issued by U.S. government agencies brought much-anticipated clarity to the rules on how clean energy projects can qualify for tax credits and were more straight-forward than feared.Shares rose as much as 18%, the steepest intraday gain since July 2022 in Copenhagen. The guidance is the last hurdle that investors need to move forward with renewable investments including wind. The rules are less stringent than many analysts were expecting and could open up a wave of wind turbine orders for Vestas.Certainty on the scope of President Donald Trump’s tax bill had…

The brand logo for My Source News Opinion WorldCourtesy of VersantMSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant’s upcoming separation from Comcast’s NBCUniversal.The political news network will be renamed My Source News Opinion World, or MS Now, Versant Chief Executive Officer Mark Lazarus wrote in an internal memo to employees that was seen by CNBC.In January, Lazarus told a group of MSNBC staffers that the network wouldn’t change its name. But during the past few months of transition planning, NBCUniversal leaders decided MSNBC…

A box of Ozempic made by Novo Nordisk, at a pharmacy in London on March 8, 2024.Hollie Adams | ReutersNovo Nordisk on Monday said it now offers cash-paying U.S. patients its blockbuster diabetes treatment Ozempic for less than half its monthly list price, as drugmakers face mounting political pressure to lower prices in the country.Patients can pay $499 in cash per month for three dose sizes of Ozempic. They can get the price through platforms including the drug’s official website, Novo Nordisk’s patient assistance program and the company’s recently launched direct-to-consumer online pharmacy, the latter of which also ships the…