Connecticut Governor Announces 2024 Income Tax Changes
Connecticut Governor Ned Lamont has announced that three income tax measures will take effect at the start of 2024, including …
DOL Proposes to Rescind Association Health Plan Regulations
NPRM: Definition of “Employer”—Association Health Plans, 29 CFR Part 2510, 88 Fed. Reg. 87968 (Dec. 20, 2023) Available at https://www.govinfo.gov/content/pkg/FR-2023-12-20/pdf/2023-27510.pdf …
IRS Online Business Account Access Expanded to Partners, Shareholders
The IRS announced additional features to its online self-service tools for Business Tax Accounts, now expanding access to individual partners …
Final Regs Explain De Minimis Error Safe Harbor for Info Returns, Payee Statements
The IRS has issued final regs implementing statutory safe harbor rules that protect persons required to file information returns or …
Indiana Announces County Income Tax Rate Changes Effective January 1, 2024
by Chad E. Voss The Indiana Department of Revenue has updated its list of Indiana counties that have adopted income …
Notice Provides More Guidance on New Sustainable Aviation Fuel Credit
The IRS has issued more guidance on the new Sustainable Aviation Fuel credit. The SAF credit applies to qualified fuel …
Newly Issued FASB Rules Require Fuller Disclosure of Taxes Paid in US, Other Countries
The nation’s main accounting rulemaker on December 14, 2023, published new disclosure rules that require more transparency about income taxes …
House Bill Reintroduced to Add FASB Procedural Checks, Require Annual Chair Testimony
A House Republican on December 12, 2023, reintroduced legislation requiring the chair of the FASB to testify annually before two …
FASB Publishes its First Direct Accounting Standard for Reporting Crypto Assets
The FASB on December 13, 2023, issued its first direct accounting and disclosure standard on crypto assets to provide guidance …
SEC to Consider PCAOB’s 2024 Budget
The SEC has scheduled a meeting for December 13, 2023, to consider approving the PCAOB’s 2024 budget of $384.7 million, …