FASB Revises Rule Issuance Plans for First Quarter: Two New Accounting Standards, Two Proposals to Come
The FASB revised its first quarter plans and will now issue two new accounting standards and two proposals by the …
SEC Chair Responds to Questions on Potential Lawsuit on Climate Disclosure, Fast Paced Rulemaking
The SEC is planning to finalize the closely-watched climate change disclosure rule in the next few months, and this was …
Housing Advocates Urge Congress to Enact Tax Policies for New Homebuyers
Supporters of affordable housing from around the country are pressing Senate tax writers to advance tax policy that they believe …
Ways and Means Demands Answers on Form 990-T Leaks
House Ways and Means Committee leadership has urged the IRS to supply documents and information relating to two incidents last …
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 …