Crypto bills add clarity while exposing noncompliance, expert says
Two pending digital asset bills would provide needed regulatory and tax clarity but could heighten criminal tax exposure for noncompliant …
Thomson Reuters Tax & Accounting News
Big Four firms show significant improvement in PCAOB audit inspection results for 2025
As preliminary inspection findings indicated last year, the quality of public company audits by the largest accounting firms has continued …
5th Circuit changes course on limited partner tax exclusion
The 5th U.S. Circuit Court of Appeals has withdrawn its January 2026 decision broadly construing the term “limited partner” for …
Complex state payroll requirements keep multistate employers on alert
By Christopher Wood, CPP, Checkpoint News Key takeaways Payroll complexity often stems from a combination of changing jurisdictional requirements, large …
GAO finds paper refund wait times almost tripled in 2026 tax season
Paper filers waited nearly three times longer for refunds during the 2026 filing season, and the IRS issued more than …
Federal EWA proposal highlights debate over worker access to earned wages
Proposed legislation remains in early stages More than a month after advancing from the House Financial Services Committee, the Earned …
AI errors reach boardrooms and investors, midyear report finds
A quarter of corporate executives say errors generated by artificial intelligence tools have made their way to external audiences or …
Domestic entities off the hook for beneficial ownership reporting under final rule
Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a long-awaited final rule removing the requirement for U.S. entities and persons to report …
New York City to continue pied-à-terre tax rollout despite court challenge
New York City is moving ahead with its new pied-à-terre tax, despite a pending court challenge and a temporary restraining …
SEC forms specialized unit to tackle accounting fraud
The Securities and Exchange Commission (SEC) on August 5, 2026, said it has established a new specialized unit within its …
What Can Our Health Plan Do With Its Medical Loss Ratio Rebate?
QUESTION: We recently received a medical loss ratio (MLR) rebate from our insurer for our ERISA group health plan. Under our …
8th Circuit denies equitable tolling after law firm’s SCOTUS win
A law firm that persuaded the U.S. Supreme Court to make a Tax Court filing deadline eligible for equitable tolling …
PCAOB enforcement staff drops routine no-deny requirement in settlements, citing SEC alignment
The Public Company Accounting Oversight Board’s (PCAOB) enforcement staff said that it will no longer routinely require respondents in disciplinary …