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      Article
      Big Four urge SEC to approve PCAOB's QC standard rollback; investors push back
      Big Four accounting firms in comment letters urged the Securities and Exchange Commission (SEC) to approve the Public Company Accounting Oversight Board’s (PCAOB) recent revisions to QC 1000, A F...
      Article
      IRS suspends dyed diesel penalties following executive order
      Email ... The IRS announced nationwide relief from highway excise tax penalties for dyed diesel fuel, acting in response to an October 5 executive order. ... The relief is retroactive to October 1,...
      Article
      New IRS Medical Expenses FAQ Addresses Wearable Devices
      The IRS has added a new FAQ to its existing guidance regarding when costs related to nutrition, wellness, and general health qualify as Code § 213 medical expenses that may be paid or reimbursed b...
      Article
      Tax pros gauge midterm elections' impact on policy outlook
      The 2026 midterm elections will determine whether Congress moves tax legislation in the lame-duck session or the next Congress, and whose priorities prevail, attorneys said at a Holland & Knight we...
      Article
      SEC proposes fund cross-trading changes tied to level 2 fair value inputs
      The Securities and Exchange Commission (SEC) has proposed rule changes that would allow registered investment funds to cross trade securities valued using observable inputs – a category aligned w...
      Article
      As payroll knowledge walks out the door, is informal training enough?
      Email ... Payroll departments have long depended on experienced professionals who know more than how to push the right buttons. ... They know why an employee is treated differently, which numbers s...
      Article
      Bill would allow larger HSA contributions for new parents
      Bill boosts HSA limit ... HSAs are tax-advantaged savings accounts that allow individuals enrolled in a high-deductible health plan (HDHP) to set aside pre-tax money to cover qualified medical expe...
      Article
      District of Columbia 2027 budget support legislation becomes law
      This election allows qualified small businesses (average annual gross receipts of $31 million or less) to apply immediate expensing retroactively to tax years after December 31, 2021. ... This elec...
      Article
      Claims Court denies Capstone's summary judgment in microcaptive case
      Email ... The U.S. Court of Federal Claims has denied a taxpayer’s motion for summary judgment in a microcaptive insurance case, finding genuine disputes of material fact as to whether the arrang...
      Article
      Digital asset pros raise event, perpetual contract tax questions
      Applying existing federal tax rules to novel digital asset products such as event contracts and perpetuals is an unsettled exercise, and a new wave of state-level transaction taxes is deepening the...