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 …
Thomson Reuters Tax & Accounting News
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) …
Does an Employee’s Prior Consent to Electronic Furnishing of Form W-2 Also Apply to Receiving Form 1095-C Electronically?
QUESTION: Our company is an applicable large employer (ALE) and would like to distribute Form 1095-C electronically to employees. If …
Checkpoint’s Exclusive Executive Summary of the 2025 Tax Act
In a series of marathon Senate and House sessions leading up to the July 4th holiday, Congress passed the Act …
Transition Challenges Expected as Treasury Goes Paperless
Back in March, President Trump issued an executive order mandating that Treasury and the IRS largely transition to electronic payments, …
Wisconsin Governor Tony Evers Signs 2025-2027 Budget Bill
By Samantha A. Fong On July 3, 2025, Wisconsin Governor Tony Evers signed the biennial state budget for 2025-2027, which amends …
IRS, Treasury Roles Filled as Tax Package Reaches Finish Line
While all eyes have been on the One Big Beautiful Bill, Senate Republicans have also been pushing through President Trump’s …
Republicans Tee Up House Vote on Trump Bill, Outcome Uncertain
By David Morgan, Richard Cowan, and Bo Erickson Republicans in the House of Representatives on Wednesday teed up a procedural vote on …
Miami Man Sentenced to 6.5 Years for $2.3M COVID-19 Unemployment Fraud Scheme
A Miami resident has been sentenced to 78 months in federal prison for orchestrating a multi-state unemployment insurance fraud scheme that exploited …
U.S. Supreme Court Upholds Challenged Portions of ACA Preventive Services Mandate
Kennedy v. Braidwood Mgmt., Inc., 2025 WL 1773628 (U.S. 2025) Available at https://www.supremecourt.gov/opinions/24pdf/24-316_869d.pdf The U.S. Supreme Court has ruled on …
CPAs Welcome Senate SALT Changes
As Republicans continue to move forward on their One Big Beautiful Bill Act (H.R. 1), the American Institute of CPAs …
House Panel Revisits Sarbanes-Oxley as Smaller Companies Cite Rising Burdens
As Republican lawmakers seek to reduce compliance burdens for public companies, Section 404(b) of the Sarbanes-Oxley Act of 2002 was …