Unions, Activist Groups Call for Greater COVID-19 Disclosures
By Bill Flook In a June 16, 2020, letter to the SEC, a coalition of unions, activist groups, academics, and …
Golden’s Departure as FASB Chair Ends Era
By Denise Lugo FASB Chairman Russell Golden bowed out of his post last week after 16 years at the organization, …
FAQs for Aliens Claiming Medical Condition Exceptions or Travel Exceptions to Substantial Presence Test
IRS has issued FAQs for nonresident aliens who wish to avail themselves of the Medical Condition Exception or the Medical …
Determine Your Eligibility for the Employee Retention Credit
You can use this new tool to help determine if you qualify for the Employee Retention Credit. The coronavirus …
As Deadline Looms, Sen. Brown Demands Tough ‘Best Interest’ Enforcement
By Bill Flook Sen. Sherrod Brown, in a June 1, 2020, letter to the SEC, asked the commission to undertake …
President Trump Criticizes Chinese Firms’ Refusal to Follow Audit Rules, Seeks Solutions
By Soyoung Ho President Donald Trump is ratcheting up pressure on Chinese authorities to allow U.S. regulators to inspect China-based …
FASB Publishes Year Delay on Leases, Revenue Accounting Standards
By Denise Lugo The FASB on June 3, 2020, published a new accounting standard that grants a one-year delay on …
Temporary Relief from Physical Rule for Retirement Plan Participant Elections
The IRS has provided participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with temporary relief …
Relax, Investors; There is No ‘EBITDAC’ Pandemic
By Soyoung Ho Is “EBITDAC”—short for earnings before interest, taxes, depreciation, amortization, and coronavirus—a thing that investors now have to …
State Securities Regulators Ask Congress for Private Market Reforms, SEC Rulemaking Pause
By Bill Flook The president of the North American Securities Administrators Association (NASAA) on May 26, 2020, urged lawmakers to …