Maryland Comptroller Provides Guidance on 2022 Digital Advertising Gross Revenues Tax Filing Requirements
by Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on filing the 2022 Digital Advertising Gross Revenues Tax …
IRS Misses Deadline to Produce Inflation Reduction Act Spending Plan
The IRS did not submit its 10-year plan detailing how it will use the $80 billion appropriation from the Inflation …
FASB Runs into Opposition from U.S. Chamber of Commerce on Coming Income Tax Disclosure Proposal
The nation’s main accounting rulemaker has run into opposition from the U.S. Chamber of Commerce about disclosure rules it plans …
IRS Commissioner Nominee Commits to Improving Taxpayer Service, Audit Fairness
Daniel Werfel, President Biden’s nominee to be the next IRS commissioner, faced concerns from members of the Senate Finance Committee …
Payroll Case Roundup
Recently, federal appellate courts have weighed in on: (1) the Family and Medical Leave Act, (2) paid military leave, (3) …
Emphasizing Investor Needs, SEC’s Top Accountant Urges FASB to Continue Improving Accounting Rules Quickly
Continuing with his rather assertive and at times public display of the Securities and Exchange Commission’s oversight of the Financial …
Bipartisan Bill Exempting Broadband Grants Reintroduced
Legislation recently proposed in the previous Congress that would shield certain federal grants for broadband internet deployment projects from taxation …
Illinois Enacts Changes to Various Credits and Incentives
by Krista A. Cohane On February 3, 2023, Illinois Governor JB Pritzker signed legislation approving the creation of a sustainable …
Bridge Plus Phrase to Compliance Assurance Process Program to be Piloted
The IRS is piloting changes to the Bridge phase of the Compliance Assurance Process (CAP) program, according to an IRS …
Audit Committees are Increasingly Tasked with Additional Areas of Oversight, Survey Finds
The scope of a company’s audit committee’s oversight responsibilities continues to expand, according to a new report from Deloitte Development …