Cornerstone Research’s Elaine Harwood on Trends in PCAOB, SEC Accounting and Auditing Enforcement Actions
The number of SEC accounting and auditing enforcement actions rose by 55 percent in fiscal 2022 – with jumps in …
New FASB Lease Accounting Rules Better for Investors but Some Financial Reports Lack Comparability
Questions continue to surface to the FASB about lease accounting rules, including whether analysts and lenders find the resulting new …
PGA Tax-Exempt Status in the Rough Following LIV Golf Merger
Congressional lawmakers have raised concerns about the validity of the U.S.-based golf organization’s tax-exempt status after a surprise announcement of …
Supreme Court Will Not Rehear FBAR Penalty Case
The Supreme Court declined again to take up a grandmother’s challenge of a $2 million penalty assessed by the IRS …
Maryland Comptroller Provides Guidance on the Sales and Use Taxation of Cannabis
by Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on the sales and use taxation of cannabis including …
Stock Exchanges Delay Effective Date of Dodd-Frank Clawback Rules
The New York Stock Exchange LLC and the Nasdaq Stock Market LLC revised their proposed executive compensation clawback rules that …
IRS Updates Energy Community Bonus Credit Info
The IRS has updated previously issued guidance for determining what constitutes an energy community for the energy production and investment …
DOL Indicates Final Independent Contractor Rule Coming No Later than October
Deborah Tam The U.S. Court of Appeals for the Fifth Circuit recently granted a 120-day delay on further proceedings related to an …
Senate Democrats Reintroduce Child Tax Credit Legislation
Over 40 Democratic senators have signed on to a bill that would make the 2021 expansions of the child tax …
Bipartisan Bill Would Move Estimated Tax Deadlines to Quarterly Basis
Proposed legislation to set estimated tax due dates to even, quarterly intervals has resurfaced in the House and enjoys support …