House Budget Bill Stalls in Committee, Throwing Off Timeline
Editor’s note, 5/19/2025: The committee held a second vote Sunday evening and the bill advanced by a slim 17-16 margin. …
Board Member Ho Advocates for Reforms at PCAOB
As Congress considers consolidating the Public Company Accounting Oversight Board’s (PCAOB) functions into the Securities and Exchange Commission (SEC), board …
Senate Taxwriters Weigh in on House Reconciliation Bill Cliffs, Timing
Senate Finance Committee Chair Mike Crapo (R-ID) and member Senator Steve Daines (R-MT) shared their thoughts on House reconciliation efforts …
Former Board Members Speak out Against Legislative Effort to Eliminate PCAOB
Alarmed that the House of Representatives is considering eliminating the Public Company Accounting Oversight Board (PCAOB) as part of a …
SALT Cap Proposal Subject to Change as Tax Bill Advances
House Republicans are not aligned on how to address the Tax Cuts and Jobs Act’s cap on state and local …
Wall Street Veteran Sworn In as Social Security Commissioner Amid Agency Restructuring
Frank Bisignano, a longtime Wall Street executive and former chairman and CEO of Fiserv Inc., was sworn in as the new Commissioner …
Does the DOL Have a Program for Correcting 401(k) Plan ERISA Mistakes?
QUESTION: I know the IRS has a correction program for certain retirement plan errors. Since retirement plans are subject to …
Experts Delve into Business, Manufacturing Provisions in House Tax Reform Bill
With the House Ways and Means Committee debating the tax portion of a reconciliation bill, tax professionals discussed key provisions for businesses …
Policy, Budget Impacts of GOP Tax Bill Key Provisions
The House Ways and Means Committee shared a portion of its plans to address expiring provisions of the 2017 Tax Cuts and …
New York Enacts Income Tax Reductions, New Tax Credits, Makes Other Changes
By Jill C. McNally On May 9, 2025, New York Governor Kathy Hochul signed A3009, implementing the state’s fiscal plan for …