Reminder: 2024 Second Quarter Estimated Tax Payment Deadline is June 17
The IRS is reminding taxpayers who need to make estimated tax payments that the 2024 second quarter estimated tax deadline …
Suit Alleging All Day/Every Day On-Call Duty Fails FLSA Claim
By Debbie Tam The U.S. Court of Appeals for the Tenth Circuit ruled that an employee who claimed to be …
No Heightened Obligation Toward COBRA Qualified Beneficiary With Terminal Illness
Harris v. UnitedHealth Grp., Inc., 2024 WL 2734974 (N.D. Tex. 2024) In a dispute over insurance benefits, an employer was …
Thorny State Digital Tax Issues Dominate Villanova Tax Forum
The Villanova University Graduate Tax Program hosted its second annual State and Local Tax Forum on Thursday, June 6, 2024. …
IRS Official Talks ‘Digital Transformation’ Goals
For the IRS to effectively shift the taxpayer experience to a fully digital landscape, it must leverage teams across different …
Accounting Industry Confronts Talent Gap, Tech Disruption and ESG Pressures
The accounting industry is facing a triple threat of challenges, including a looming talent gap, rapid technological change, and the …
SEC Reappoints PCAOB Chair Williams For Second Term
The Securities and Exchange Commission (SEC) on June 11, 2024, said Erica Williams was appointed to a second term as …
Connecticut Extends NOL Carryforwards, Amends Other State and Local Taxes
Connecticut Governor Ned Lamont has signed legislation extending to 30 years the net operating loss (NOL) carryforward deduction and modifying …
A New Threat to Race-based Charitable Organizations
In a case contending that a nonprofit fund benefiting Black female entrepreneurs is discriminatory, the Eleventh Circuit has sided with …
Government Grants Accounting to Get New Rules, Establishing Reporting Guidelines for Businesses
he FASB voted on June 4, 2024, to issue a proposal that aims to standardize and clarify the accounting practices …