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 …
Thomson Reuters Tax & Accounting News
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 …
Delaware shortens protest timelines for trust funds, clarifies statute of limitations, standardizes information return due dates
By Peter G. Pupke, Esq., Checkpoint News Delaware has enacted legislation that defines trust fund taxes, shortens protest timelines for …
Congress passes taxpayer disaster relief bill
Before leaving for August recess, the Senate passed legislation aimed at providing tax relief to natural disaster survivors. Senator Ron …
How accounting firm UHY is building a Big Four rival — one acquisition at a time
Accounting firm UHY is on a buying binge — and it’s just getting started. After landing a major investment from …