Bipartisan push for semiconductor credit extension, expansion
Senate Finance Committee leadership called for an extension of the Advanced Manufacturing Investment Credit, which is available to semiconductor manufacturing …
Thomson Reuters Tax & Accounting News
Multistate Monitor — Missouri rejects income tax phase-out, bucking state trend
Missouri voters rejected a ballot measure on August 4 that would have phased out the state’s individual income tax and …
SEC stays controversial Nasdaq $5 million listing rule pending review
The Securities and Exchange Commission (SEC) has paused its July 22, 2026, approval of a controversial Nasdaq proposal that would …
Hundreds of thousands of seniors could lose their hospital — and the money fight behind it explains why
There’s a letter that could be sitting in a mailbox right now saying a hospital trusted for decades won’t take …
Who Pays for Health Coverage During FMLA Leave?
QUESTION: Does our company have to pay for employees’ health coverage while they are on FMLA leave? ANSWER: Your company does not …
SEC adopts amendments to reflect court vacated fund governance requirements
The SEC on August 4, 2026, adopted technical amendments to its investment company governance rules to update federal regulations and …
Student-athletes unprepared for NIL tax bills, expert warns
College and high school athletes earning money from their name, image, and likeness are increasingly treated as self-employed business owners, …
AI-powered IRS audits are here but taxpayers have new relief options, tax pros say
Tax specialists from PricewaterhouseCoopers (PwC) detailed the IRS’ growing reliance on data analytics and artificial intelligence for enforcement, a renewed …
Proactive AI governance needed for international tax challenges, experts say
Grant Thornton tax specialists said during a July 30 webcast that companies deploying artificial intelligence (AI) should assess how the …
Wisconsin issues tax bulletin detailing differences between federal and state tax law for 2026
By Samantha A. Fong, Esq., Checkpoint News The Wisconsin Department of Revenue has issued a tax bulletin that, among other …
EWA legislation may spur a broader transformation in payroll payments, industry executive says
Earned wage access (EWA) has traditionally been marketed as a workplace benefit, giving employees the ability to access wages they …
AI’s hidden price tag — millions spent, returns still a mystery, and mistakes can make the bill worse
Corporate America has gone all-in on artificial intelligence — but when it comes to actually measuring the payoff, most companies …
IRS proposes rules on foreign tax allocation, credit disallowance
The IRS has issued proposed regulations relating to the allocation of foreign taxes for corporations affected by the repeal of …