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  • Reporting for Income Taxes April 26, 2018 Federal income taxes have been given a lot of attention this year, thanks to the Tax Cuts and Jobs Act (TCJA). Companies that issue financial statements under U.S. Generally Accepted ...
  • How Does Your Company’s Pay Measure Up? April 26, 2018 Under the Dodd-Frank Act, public companies must calculate and disclose a ratio comparing CEO compensation to the median compensation for other employees. Although this requirement was finalized in 2015, companies ...
  • More Than 100 Countries Agree to Seek Digital Tax Consensus by 2020 March 29, 2018 Some 110 countries have agreed to work toward forming an international consensus by 2020 on how to tax digital businesses across borders, according to the Organisation for Economic Co-operation and ...
  • IRS to End Offshore Voluntary Disclosure Program in September March 29, 2018 The IRS announced it will begin to ramp down its Offshore Voluntary Disclosure Program (OVDP) and close it on Sept. 28, 2018. This gives taxpayers with undisclosed foreign financial accounts time ...
  • IRS Issues Guidelines on Waiving Filing Deadlines for Foreign Corporations March 29, 2018 The IRS Large Business and International Division (LB&I) has issued guidelines for handling delinquent Forms 1120-F, U.S. Income Tax Return of a Foreign Corporation, and for making filing deadline waivers. Foreign ...
  • Fair Value Returns to the Spotlight March 29, 2018 In December 2015, the Financial Accounting Standards Board (FASB) released a proposal intended to improve financial statement disclosures about the estimates used to determine the fair values of assets and ...
  • Disclosure Relief: SEC Redefines “Smaller Reporting Company” March 29, 2018 In the coming months, the Securities and Exchange Commission (SEC) is expected to revise the definition of “smaller reporting company.” This change will allow more companies to file reports with ...
  • FASB Proposes Updated Standard for Cloud Computing March 29, 2018 The Financial Accounting Standards Board (FASB) recently issued a proposal to clarify how to account for the costs of setting up business software packages that are managed in the cloud. ...
  • COMPLIANCE ALERT March 9, 2018 Upcoming Compliance Deadlines: 4/1*     Initial required minimum distribution for participants who attained age 70½ in 2017 (applies to qualified plans where the participant is at least a 5% owner and to ...
  • DOL Increases Scrutiny of Defined Benefit Plans March 9, 2018 Defined benefit (DB) plan sponsors might be facing tighter scrutiny from the U.S. Department of Labor (DOL). Last year the DOL’s Employee Benefits Security Administration (EBSA) ramped up pension audit ...