Reading the Tea Leaves: Corporate Transparency Act Update
For those with Corporate Transparency Act whiplash, here’s a roundup of the latest developments — including one practitioner’s take on …
Thomson Reuters Tax & Accounting News
PCAOB Criticizes EY for Quality Control Issues Third Time in a Row; Finds Deficiencies at 4 Small Firms
The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems …
Chavez-DeRemer Sworn in as U.S. Labor Secretary
Lori Chavez-DeRemer, a former Republican representative from Oregon, was sworn in as the 30th U.S. Secretary of Labor on March 12, after …
Republicans Celebrate House Passage of DeFi Broker CRA
Biden-era regs classifying some decentralized digital asset entities as brokers subject to IRS reporting rules are one step closer to …
ERISA Ruling Highlights Importance of Detailed Denial Notices
Doe v. Deloitte LLP Grp. Ins. Plan, 2025 WL 586670 (S.D.N.Y. 2025) A participant in an employer sponsored health plan …
House Passes Budget CR in Final Days Before Shutdown
A day after the House Rules Committee reported a six-month government funding stopgap to the full chamber, the House engaged …
Legal Challenges Hamper SEC, PCAOB Enforcement Against Auditors in Second Half of 2024 – Report
The number of enforcement actions brought against company auditors by the Securities and Exchange Commission (SEC) and the Public Company …
Idaho Lowers Income Tax Rates and Enacts Tax Adjustments
By Jennifer J. Troyer On March 6, 2025, Idaho Governor Brad Little signed legislation lowering the corporate and personal income …
Tech Group Lays Out Tax Reform Priorities
A bipartisan tech group — which counts among its members Amazon, Apple, Google, and Meta — is urging congressional leadership …
Groups Sound Alarm After Treasury Backtracks on Beneficial Ownership Reporting
Over 99% of entities previously subject to the Corporate Transparency Act’s reporting requirements could be exempt after Treasury announced a shift in …
SEC Crypto Task Force Sets First Roundtable as Staff Declares ‘Meme Coins’ off Limits
The SEC’s newly formed cryptocurrency task force will devote its first in a series of roundtables to divining the security …
Dems Urge Watchdog to Investigate IRS Layoffs
Senate Democrats are requesting the Treasury Inspector General for Tax Administration (TIGTA) to look into recent and planned IRS staffing …
Trump Pledges to Restore TCJA Full Bonus Depreciation
At his address before Congress Tuesday evening, President Trump hinted at some priority tax policies for his second term, including …