IRS Makes a Move on Cloud Transaction Sourcing Rule
In a year marked by regulatory rollback and uncertainty, the IRS proceeded with a planned rulemaking hearing July 17 on …
Thomson Reuters Tax & Accounting News
Payroll Data Takes Center Stage as Strategic Asset at PayrollOrg’s 2025 Virtual Congress
At a workshop held on July 9 during PayrollOrg’s annual Virtual Congress, payroll professionals and employers were urged to recognize …
House Taxwriters Mull Future of Digital Asset Tax Policy
Correction, 7/18/2025: This article has been updated to correct a misattributed in the second to last paragraph. A previous version …
Beyond The Deadline – Key Areas of Focus Following Tax Busy Season
Mary Lundstedt, Checkpoint News Background After tax season, prioritize rest and personal time to recharge. Then, tackle essential non-technical tasks …
Is Employer-Provided Work Clothing a Taxable Benefit?
QUESTION: Our company is going to require some customer-facing employees to wear a uniform, which the company will provide without …
Tax Act Implementation Challenges Anticipated
With Republican’s tax act behind us, practitioners are gearing up for implementation – but they are expecting some bumps along …
SEC Chief Atkins Ousts Williams as PCAOB Chair Amid Regulatory Shift
Erica Williams is stepping down as chair of the Public Company Accounting Oversight Board (PCAOB) next week, the board said …
DeFi Crypto Regs Officially Removed
In keeping with a resolution signed by President Trump in April, the IRS has revoked final regs addressing the application …
Nevada Lawmakers Take on New Gambling Losses Provision
Days after President Trump signed his new tax package into law, a bipartisan group – led by Nevada lawmakers – …
Trump Orders Treasury to Axe Clean Energy Credit Guidance
President Trump signed an executive order Monday directing the Treasury Department to pull the plug on regulatory and other guidance projects relating …
SEC Investor Advocate to Examine Risks of China-Based VIEs
In a report to Congress, the Securities and Exchange Commission’s (SEC) Office of the Investor Advocate (OIAD) said that it …
R&E Provisions in the New Tax Act
Experts highlighted several business-friendly provisions in the July 4th tax and spending package — including revisions to the research and experimental …
DOL Proposes Rule to Reinstate FLSA Exemptions for Domestic Workers
The U.S. Department of Labor (DOL) proposed a new rule that would reinstate long-standing exemptions under the Fair Labor Standards Act (FLSA) …