Client Update: How to Treat Tips for Tax Purposes
Individuals who perform services in certain industries receive tips as part of their compensation for the services they provide. Businesses …
Individuals who perform services in certain industries receive tips as part of their compensation for the services they provide. Businesses …
A working group of the AICPA—which develops a practice aid related to crypto accounting—decided not to directly address a recent …
Two Senate Democrats on Jan. 25, 2023, pressed PCAOB Chair Erica Williams on whether the board will inspect auditors of …
New climate and sustainability disclosure rules are on track for issuance by the end of this year’s second quarter, International …
The Tax Court has found that an engineering company that installed energy efficient commercial building property (EECBP) in a Veterans …
The long-awaited 1099 filing platform has gone live on the IRS website. The 1099 filing platform named IRIS allows users to …
The Federal government has stopped its investment in another federal employees’ retirement fund due to its breaching the debt limit …
When the SEC in early January unveiled its semi-annual update to the rulemaking agenda, an unfinished Dodd-Frank executive compensation rule …
The U.S. Supreme Court will not take up a case where it would have needed to determine if foreign bank …
by Denis Del Bene The Eleventh Circuit (the Court), affirming the U.S. District Court for the Northern District of Alabama, …
The Organization for Economic Cooperation and Development has adjusted upwards revenue estimates from its international tax framework, with a full …
The IRS has provided tax relief to storm victims in parts of Georgia and Alabama. Victims in the disaster area …
The American Payroll Association (APA) has shared its comments to the U.S. Department of Labor regarding concerns to its proposed worker classification …
The IRS needs to improve its instructions to the public on how to report tax schemes for the agency to …
The Financial Accounting Standards Board (FASB) last week made some significant decisions to provide investors more insight into corporations’ income …
After the IRS conceded to outside pressure from stakeholders to delay the implementation of the $600 de minimis threshold for reporting third-party …
Several of the FASB’s significant accounting standards take effect for the first time this year for businesses, including new rules …
by Peter G. Pupke On January 12, 2023, Minnesota Governor Walz approved a bill that conforms the state taxes that reference …