Corporate Transparency Act Reaches the 11th Circuit
Last week, challengers of the Corporate Transparency Act’s beneficial ownership information reporting requirements argued their position in the first case …
FASB Floats 5 Areas of Key Reforms to Simplify Hedge Accounting Rules
The FASB proposed five areas of targeted changes to hedge accounting rules on September 25, 2024, to better align financial …
Stopgap Government Funding Bill Raises Question on IRS Funding Cuts
While Congress was able to pass a short-term Continuing Resolution (CR) to prevent a government shutdown through December 20, it …
PCAOB to Press Ahead With ‘NOCLAR’ Standard Opposed by Auditors, Businesses
Despite calls by auditors and businesses to issue a revised proposed auditing standard on so-called noncompliance with laws and regulations …
Policy Expert Offers IRS ‘Holistic’ Performance Metrics
The IRS’ objectives outlined in its Strategic Operating Plan (SOP) for spending the 10-year appropriation of agency funding from the …
Tax-exempt Hospitals’ Savings-to-Community Benefits Ratio Disputed
A new report found that tax-exempt hospitals delivered $10 in benefits to their communities for every $1 in federal tax exemption they …
Federal Employment Tax Deadlines for October
This article provides the October payroll tax deposit deadlines for semi-weekly and monthly depositors below. Semi-weekly depositors. Semi-weekly depositors must …
IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2024
IRS Notice 2024-68 (Sept. 20, 2024) Available at https://www.irs.gov/pub/irs-drop/n-24-68.pdf The IRS has announced special per diem rates that can be used …
Senate Approves Additional Tax Court Judge
The Senate approved the nomination of Rose E. Jenkins to the U.S. Tax Court in a 69-17 vote Monday evening. …
PCAOB’s Investor Panel to Present Best Critical Audit Matters
The Public Company Accounting Oversight Boards’s (PCAOB) Investor Advisory Group (IAG) will meet on September 26, 2024, to discuss four …