Democratic Bill Would Provide Transparency in Corporate Use of Tax Havens
A group of 11 Democratic Senators are backing legislation to provide transparency around corporations’ use of tax havens and incentives …
New York Stock Exchange and Nasdaq Issue Executive Compensation ‘Clawback’ Proposals
The New York Stock Exchange and the Nasdaq Stock Market have issued stock listing rule proposals four months after the …
IRS Commissioner Nominee Advances to Full Senate Vote
The Senate Finance Committee voted on 17-9 March 2 to send the nomination of Daniel Werfel as IRS commissioner for …
U.S. Accounting Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data
The FASB and the GASB are actively monitoring the evolution of electronic financial reporting, including how investors use Artificial Intelligence …
Medical Center’s Automatic Lunch Break Deductions Violated FLSA and Reminds Employers to Properly Account for All Hours Worked
An investigation that determined an employer’s automatic 30-minute meal deductions violated federal overtime and recordkeeping law is a reminder to employers about …
Stakeholders Urge IRS to Retain Carveout in Syndicated Conservation Easement Regs
Various tax and land conservancy organizations are imploring the IRS to retain a carveout for donee organizations in forthcoming final …
Ways and Means Committee Releases Oversight Plan for New Congress
The House Ways and Means Committee, now under Republican management, has poised itself to monitor IRS performance and enforcement activities …
Nearly All Large Global Companies Disclose ESG Information
For the third year in a row, more big global companies disclosed environmental, social and governance (ESG) matters than in …
Free Advanced Online Version of U.S. Accounting Rules Now Available to the General Public
U.S. businesses and households now have free online access to accounting rules developed by the FASB and the GASB, including …
Colorado Provides Guidance on ABLE and 529 Accounts
by Tyna Mikulec The Colorado Department of Revenue has provided guidance on personal income tax subtractions and an employer credit …