Court OKs Two-Part COBRA Election Notice, Dismisses Most Claims in Class Action
Bryant v. Walgreen Co., 2023 WL 5580415 (N.D. Ill. 2023) A group of terminated employees filed a class action lawsuit …
Auditing and Accounting Boards Should Work Together to Have Common Going Concern Standard, Former PCAOB Chief Auditor Says
After working on and off for a decade on a standard-setting project to consider revising the auditor’s evaluation and reporting …
FASB Unanimously Votes to Finalize Proposed Disclosure Rules on Income Taxes
The FASB on Aug. 30, 2023, unanimously voted to finalize proposed disclosure rules on income taxes, touting the benefits to …
IRS Mulls Future of Employee Retention Credit as Enforcement Ramps Up
Aggressive marketing pushing tax assistance with the employee retention credit has the IRS poised to crack down on fraudulent promotors …
Detroit, Michigan Withholding Tax to Be Paid Monthly in 2024
by Peter G. Pupke The Michigan Department of Treasury has announced that effective January 1, 2024, employers will be required to …
TIGTA Reviews IRS’ Purchase Card Violations Report
The Treasury Inspector General for Tax Administration (TIGTA) has released its statutorily required semiannual report of IRS employee purchase card …
IRS: Florida Victims of Hurricane Idalia Get Tax Relief
The IRS has provided tax relief to victims of Hurricane Idalia in Florida. These taxpayers now have until February 15, …
IRS Glitch Leads to Erroneous Form 8955-SSA Late Filing Notices
A national network of retirement plan professionals raised an issue to the IRS after members began to receive late filing …
Federal Court Rules Overtime Exemption Met Despite Over 80% Nonexempt Work Performed
Debbie Tam The U.S. Court of Appeals for the Sixth Circuit recently ruled that a district director of operations qualified for …
Institutional Investors Once Again Urge SEC to Write Rule on Non-GAAP Measures for Executive Pay
The Council of Institutional Investors (CII) reiterated its request asking the Securities and Exchange Commission to write a rule that …