With Threat of Lawsuit, SEC Once Again Delays Approving PCAOB’s New Quality Control Standard
The Public Company Accounting Oversight Board (PCAOB) recently finalized quality control (QC) standard, which is strongly opposed by auditors, and …
HHS Announces Civil Monetary Penalties for HIPAA, MSP, and SBC Violations, Effective August 8, 2024
HHS, Annual Civil Monetary Penalties Inflation Adjustment, 45 CFR Part 102, 89 Fed. Reg. 64815 (Aug. 8, 2024) Available at …
Reform, Investor Groups Ask SEC to Require More Public Reporting of Tax Information by Multinationals
The Financial Accountability and Corporate Transparency (FACT) Coalition has petitioned the Securities and Exchange Commission (SEC) to write a rule …
GASB Chair: SEC’s Financial Data Transparency Rule Aligns with Expectations, but Raises Industry Concerns
Governmental Accounting Standards Board (GASB) Chair Joel Black told trustees on August 13, 2024, that the SEC’s proposed rule on …
Pushback Against Corporate Transparency Act Filing Requirements Continues
Another case alleging that the Corporate Transparency Act’s beneficial ownership reporting requirements are unconstitutional has been filed — while cases …
Illinois Repeals Grocery Tax and Amends Telecommunications Provisions
By Krista A. Cohane On August 5, 2024, Illinois Governor J.B. Pritzker signed legislation repealing the state grocery tax and …
IRS Postpones Tax Deadlines for Minnesota Victims Severe Storms, Flooding
The IRS has postponed tax deadlines for Minnesota victims of severe storms and flooding that began on June 16, 2024. …
IRS Updates Draft Digital Asset Information Return
The IRS updated the early draft version of the information return for digital asset brokers to report certain sale and …
Treasury: New Energy Credits ‘More Popular’ Than Expected
Ahead of the two-year anniversary of the enactment of the Inflation Reduction Act (PL 117-169), the Treasury Department shared data …
FinCEN Explains, Refines Beneficial Ownership Reporting Requirements
With the Corporate Transparency Act’s beneficial ownership reporting deadline looming, the agency in charge of administering the law — Treasury’s …