For boards, the best cybersecurity defense is a good offense
The regulation has been introduced to improve transparency in the markets for sustainable investment products while increasing transparency around sustainability claims made by FMPs
IRS to Go Paperless Starting in 2024
A more tech-savvy IRS? That’s the plan, and it’s happening soon. In the 2024 tax filing season, taxpayers will have the option to go entirely paperless with the IRS.
New Sales Tax Exemption for the Automobile Repair Industry
In good news for the automobile repair industry, Virginia has enacted a new sales tax exemption for separately stated labor charges rendered in connection with diagnostic labor services for auto repair work and emergency roadside service for motor vehicles, even if tangible property is sold as part of the transaction.
New bank guidance: Regulators share direction on third-party risk management
Regulators share direction on risk management strategies for banks when partnering with third-party organizations.
Understanding and addressing new SEC cybersecurity rules
While many larger public organizations likely already have processes and resources in place to meet these requirements, emerging and middle market public companies may need to make structural and cultural changes to enhance or adopt cybersecurity oversight, management, and reporting processes to comply with the final rules.
Exporters May Be Leaving Money on the Table
Unless your business is taking advantage of the special export tax incentive known as IC-DISC (interest-charge domestic international sales corporation), you may be leaving money on the table.
Carbon-Reduction in Commercial Real Estate
Decarbonizing commercial real estate is becoming an industry-wide imperative. Tax incentives in the Inflation Reduction Act give taxpayers several options to offset the cost of energy-efficient upgrades.
Why the TikTok Ban on Contractor Devices is a Big Deal
The US has issued an executive order banning all federal contractors and employees from downloading or using TikTok on any device that is owned by the government, citing security concerns. This ban has sparked much debate about the future of the platform and what this means for users.
New W-2 and 1099 E-Filing Requirements for Employers in 2023
On February 23, 2023, the IRS significantly expanded electronic filing requirements for tax returns. This article focuses on the most common type of information returns–W-2 and 1099 series return filings–but the new requirements also apply to other types of returns.
Deadlines for Claiming the Employee Retention Credit (and It’s Not July 31, 2023)
The deadline for claiming the Employee Retention Credit (ERC) is getting closer. If you are an eligible business or nonprofit organization, you still have time to determine your eligibility and file your claim. That time, however, will run out soon with strict filing deadlines coming up in 2024 and 2025.