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 …
Thomson Reuters Tax & Accounting News
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 …
DOL Files New Appeal in Blocked Overtime Rule Case
The Department of Labor signaled its willingness to fight for the increased salary threshold established by its final rule, which …
What Self-Correction Options Are Available for 401(k) Plan Fiduciary Mistakes?
QUESTION: We understand that the DOL has added a self-correction component under the Voluntary Fiduciary Correction (VFC) Program. What errors …
AICPA, NASBA Now Accepting Comments on Proposed Optional Pathway for CPA Licensure, Individual Mobility
The AICPA on March 4, 2025, said that its proposal to offer an additional path to obtain a CPA license …
IRS Reminds Farmers and Fishers in Disaster Areas of Extended Tax Deadline
While the March 3, 2025, deadline has passed for certain farmers and fishers to file their 2024 federal income tax …