Final Mental Health Parity Rules Solidify NQTL Comparative Analysis Requirements
Requirements Related to the Mental Health Parity and Addiction Equity Act: Final Rules, 26 CFR Part 54; 29 CFR Part …
Thomson Reuters Tax & Accounting News
Expanded Premium Tax Credit Driving Affordable Care Act Enrollment, Treasury Data Shows
Broadened eligibility for the Premium Tax Credit (PTC) first included in a COVID-19 relief package and extended the following year …
New Jersey Enhances Historic Property Reinvestment and Brownfield Redevelopment Credits
By David Engel On September 4, 2024, New Jersey Governor Phil Murphy signed legislation that liberalizes some requirements and increases …
Corporate Transparency Act Challenge Fails to Meet ‘Very High Bar,’ Says Government, Citing SCOTUS Social Media Decision
Treasury and National Small Business United (NSBU) exchanged briefs on the implications of the U.S. Supreme Court’s July ruling on …
Divided SEC Approves PCAOB’s Quality Control Standard
The Securities and Exchange Commission (SEC) on September 9, 2024, voted 3-2 to approve the Public Company Accounting Oversight Board’s …
Energy Policy Expert Talks Tax Credit Successes, Future Expansion
Leslie Chang, director of strategy and policy at Caelux — a builder of perovskite solar cells — was involved in advocating …
Bipartisan Effort Would Add Another Way to Save for Health Care Expenses
Last week, a bipartisan group of lawmakers introduced a bill to create a new type of tax-advantaged savings account to …
Fourth Circuit Okays Dismissal of Credit Suisse Whistleblower’s Suit
The 4th U.S. Circuit Court of Appeals found that a Credit Suisse whistleblower was not entitled to a hearing before …
Experts Weigh in on Implications of Failed FTC Non-Compete Ban
In a recent discussion, legal experts James A. Paretti, Jr. and Melissa McDonagh, shareholders at Littler Mendelson P.C., provided insights …
SEC Schedules Vote to Consider Approving PCAOB’s Quality Control Standards
The Securities and Exchange Commission (SEC) has scheduled a meeting for September 9, 2024, to consider approving the Public Company …
Can a Group Health Plan Add an Annual Dollar Limit on Benefits?
QUESTION: Can we make a design change to our self-insured group health plan to impose a $1.5 million annual dollar …
FASB Urged to Strengthen Disclosure Rules for Banks’ Credit Risk Transfers
A former senior U.S. bank supervisor has sounded the alarm on the lack of transparency in U.S. banks’ reporting of …
Michigan Explains Tax Treatment of Non-Fungible Tokens
By Peter G. Pupke The Michigan Department of Treasury has issued information regarding the state’s sales and use tax treatment …
Treasury Proposes Rules for New Clean Electricity Low-Income Communities Bonus Program
The Treasury Department and IRS have proposed requirements for facilities to participate in the Clean Electricity Low-Income Communities Bonus Credit …
US judge Blocks Biden Rule on H-2A Farmworker Union Organizing
By Daniel Wiessner A federal judge in Georgia has blocked the Biden administration from enforcing a rule that bars employers …
IRS Provides Tax Relief to Victims of Tropical Storm Ernesto in US Virgin Islands
The IRS has provided tax relief for individuals and businesses affected by Tropical Storm Ernesto that began on August 13, …
Seventh Circuit Addresses Plan Limitations on Treatment for Autism Spectrum Disorder
Midthun-Hensen v. Grp. Health Coop. of S. Cent. Wis., Inc., 2024 WL 3646149 (7th Cir. 2024) Available at https://media.ca7.uscourts.gov/cgi-bin/OpinionsWeb/processWebInputExternal.pl?Submit=Display&Path=Y2024/D08-05/C:23-2100:J:Easterbrook:aut:T:fnOp:N:3244881:S:0 A …
FASB Urged to Revamp Personal Financial Statement Rules Amid Trump Case Controversy
The Financial Accounting Standards Board (FASB), the primary standard-setter for financial accounting in the U.S., is being pressed to overhaul …