SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Public company accountants and auditors have been using artificial intelligence (AI) for financial reporting matters largely without new regulatory requirements. …
Thomson Reuters Tax & Accounting News
New initiative aims to extend Trump account benefits to foster children
The Trump administration announced plans to allow child welfare agencies to elect to open a Trump account for children in …
Former Congressional Tax Counsel Unpacks Planned Form 990 Overhaul
Following Treasury’s recent announcement that it plans to revise Form 990 — the information return required annually of tax-exempt organizations — a …
Ways and Means Hears From Tax, Crypto Experts on Digital Asset Proposals
The House Ways and Means Committee held a legislative hearing on a package of bills creating a tax framework for digital assets, …
What Expenses Can Be Reimbursed Under a Qualified Educational Assistance Program?
QUESTION: If our company sets up a qualified educational assistance program, what expenses can the program reimburse? For example, can …
NY Budget Creates Administrative Burdens, Says Tax Expert
New York’s recently enacted fiscal year 2026-2027 budget decouples from various federal tax changes, but EY’s Scott Roberti said divergence between the …
PCAOB Proposes Rollbacks to Quality Control Standard Amid Audit Firm Pushback
In a nod to audit firms’ criticisms that the Public Company Accounting Oversight Board’s (PCAOB) new quality control standard (QC) …
Colorado Enacts Broad Tax Code Changes
By Jen Coleson, Esq., Checkpoint News On June 3, 2026, Governor Jared Polis signed legislation enacting broad changes to Colorado’s …
Multistate Tax Trends: SALT Litigator Jennifer Karpchuk on Market-Based Sourcing Frictions, Digital Ad Taxes, and Multi-Jurisdictional Audit Risks
Multistate tax practice is always evolving. The Catalyst state team stays on top of trends, frequently consulting with SALT practitioners …
Concerns About Paper Check Refund Delays Continue
Representative Danny Davis (D-IL) remains concerned about the speed at which the IRS is providing paper check refunds to taxpayers …
Senior Accountants are Now Corporate America’s Toughest Finance Hire, New Report Says
Senior accountants have become the most difficult finance professionals for companies to hire, a sign that America’s accounting shortage has …
New Advisory Targets Payroll Tax Fraud Schemes
A June 5 joint advisory calls on financial institutions to be on the lookout for and report suspicious activity related …
Conservation Easement Enforcement Must Continue, Lawmakers Say
Two Senate Finance Committee members applauded the IRS’ recent settlement offer to taxpayers involved in syndicated conservation easement cases but …