How states can address evolving privacy laws
With the recent rise in U.S. state privacy laws, state entities should take necessary measures to maintain public confidence and trust.
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Exempt organization inflation adjusted items for 2024
Rev. Proc. 2023-34 provides annual inflation adjustments for tax year 2024, including those relevant to exempt organizations.
Supreme Court tax case could have outsized ramifications on income taxation
The Supreme Court's ruling in Moore v. United States could reshape Congress' authorization to tax income.
In wake of bank failures, FDIC doubles down on corporate governance
The FDIC has proposed guidelines on corporate governance and risk management practices for banks with $10 billion or more in assets.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
IRS updates e-signature policy and releases online accounts for sole proprietors
The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors
IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
FASB issues final standard on joint venture formations
This Accounting Standards Update addresses the current diversity in practice when accounting for joint venture formations.
Revenue recognition for franchisors
In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
IRS halts employee retention credit processing
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
Navigating the impact of recent regulatory changes in the BSA/AML/OFAC landscape
Learn about new regulatory guidance related to alternative banking and how your institution can grow while managing risks.
New guidance released on clean energy credit labor requirements
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
IRS updates guidance on environmental justice solar and wind capacity limitation
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
IRS releases initial rules for expenditures under section 174
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
Proposed regulations for digital assets are here! Now what?
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
OCC issues 2023 edition of “Bank Accounting Advisory Series”
This edition was updated to add new guidance on loan modifications, reflect the adoption of the CECL and leases standards, and more.