As payroll knowledge walks out the door, is informal training enough?
Payroll departments have long depended on experienced professionals who know more than how to push the right buttons. They know …
Thomson Reuters Tax & Accounting News
Bill would allow larger HSA contributions for new parents
The Savings for Tomorrow’s Opportunities, Raising Kids (STORK) Act, would allow families to contribute an additional $2,000 to a Health …
District of Columbia 2027 budget support legislation becomes law
By Denis Del Bene, JD, LL.M., Checkpoint News The “Fiscal Year 2027 Budget Support Act of 2026,” which was sent …
Claims Court denies Capstone’s summary judgment in microcaptive case
The U.S. Court of Federal Claims has denied a taxpayer’s motion for summary judgment in a microcaptive insurance case, finding …
Digital asset pros raise event, perpetual contract tax questions
Applying existing federal tax rules to novel digital asset products such as event contracts and perpetuals is an unsettled exercise, …
As EWA grows, five questions can help employers avoid costly surprises
Carl Morris, Vice President Compliance, FlexWage Solutions The debate over earned wage access is no longer about whether employees value …
PCAOB criticizes EY for fourth consecutive year over quality control deficiencies
The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems found during …
NIL, prediction market income taxable with or without forms, tax pros say
Tax practitioners advising clients in two fast-growing markets, student-athlete compensation and prediction-market trading, should build disciplined records because economic activity …
Can We Use a “Sampling” Approach to Reviewing Claims Under Our Health FSA and DCAP?
QUESTION: Do we need to review every claim that is submitted under our cafeteria plan’s health FSA and DCAP before …
Digital asset trust staking safe harbor updated in response to pushback
The IRS has issued new guidance that clarifies, modifies, and supersedes a 2025 safe harbor for investment and grantor trusts …
Maryland amends local property tax credit authorized for dwelling houses of disabled veterans
By Carlton Huntley, JD, LLM, Checkpoint News Maryland Governor Wes Moore signed legislation that amends eligibility for a property tax …
IRS should simplify corporate alternative minimum tax rules, CPAs say
The American Institute of CPAs (AICPA) has recommended that the Treasury and the IRS revise how the corporate alternative minimum …
SEC proposes removing PCAOB requirement from adviser custody rule audits, examinations
The Securities and Exchange Commission (SEC) on October 1, 2026, issued a proposal that would eliminate a requirement that certain …