Growing Creator Economy Raises New Tax and Payroll Compliance Considerations
From side hustle to small business As the creator economy expands into what industry estimates place at a $205 billion …
Thomson Reuters Tax & Accounting News
IRS-ICE Data Sharing Error Admission Sparks Congressional, Legal Backlash
Congressional committees are demanding investigations into the IRS’ disclosure of immigrant taxpayer data to U.S. Immigration and Customs Enforcement (ICE) …
ADP Pushes for WOTC Screening Changes
Payroll and HR services provider ADP is calling on Congress to incorporate a “legislative fix” as it considers renewal of …
SEC Chairman Atkins Offers Details on Planned Disclosure Rule Reforms
Securities and Exchange Commission (SEC) Chairman Paul Atkins provided additional detail on the commission’s effort to reform Regulation S-K, expanding …
Are There Transparency Requirements for Provider Directories?
QUESTION: We’ve heard that our group health plan’s provider directories are subject to federal transparency requirements. What are they? ANSWER: A group …
Retroactive OBBB Provisions Will Impact Tax Season, Experts Say
Taxpayers should prepare for a complicated 2026 filing season due to a host of retroactive tax changes passed in the …
IRS Issues Interim Guidance on Prohibited Foreign Entities for Energy Credits
The IRS has provided interim guidance on how to determine whether electricity-producing qualified facilities, energy storage technologies, or eligible components …
OBBB Put Pressure on States to Raise Revenues, Analysts Say
Policy experts warned that the One Big Beautiful Bill (OBBB) is creating a fiscal crisis for states, forcing them to …
PCAOB Welcomes New Chair, Board Members Amid Historic Pay Cuts
The Public Company Accounting Oversight Board (PCAOB) said that its new chairman, Demetrios Logothetis, along with newly appointed board members …
IRS Falling Behind on Paperless Processing Goals
The IRS has made limited progress in its efforts to digitize tax returns and may struggle to meet a federal …
Must a Plan Provide Extended COBRA Coverage Because of a Spouse’s Disability?
QUESTION: A recently terminated employee has elected COBRA for himself, his spouse, and his children. He notified us within a …
Taxpayers Must Be More Diligent With Downsized IRS, Says Expert
Taxpayers and practitioners must be more diligent, persistent, and organized in 2026 to navigate a “thoroughly exhausted” and understaffed IRS, …
Minnesota Issues Chart Showing Impacts of One Big Beautiful Bill Act on Minnesota Income Taxes
By Peter G. Pupke, Esq., Checkpoint News The Minnesota Department of Revenue has issued a detailed chart summarizing the Minnesota …