FOMC decision: Policy, price stability and balance sheet strategy
The Federal Reserve on Wednesday showed that it intends to achieve price stability, maximum sustainable employment and long-term growth despite the risk of a…
FOMC preview: Rate hikes and balance sheet reduction are up next
Next week’s Federal Open Market Committee meeting will kick off an extraordinary two months of policy decisions by the Federal Reserve in which we expect the…
Failure to document value of services and payment in line with stock ownership key to disallowance
Taxpayers must properly document the value and reasonableness of management fees in order to sustain a deduction for payment of such fees to shareholders or related parties.
Treasury report highlights FATCA failures
Treasury Inspector General for Tax Administration (TIGTA) report points out failure of IRS to meet FATCA reporting and compliance goals.
U.S. GAAP long-duration targeted improvements: Implications for insurance companies
A new paradigm for insurance accounting will require significant changes in the valuation and disclosure of long-term contracts.
Auto lending compliance is changing course: How to prepare
Auto lending compliance is changing. Auto finance lenders need to be prepared for a more complex auto lending regulatory compliance landscape.
Accounting for obligations to safeguard crypto-assets
SAB 121 includes guidance for entities that have obligations to safeguard crypto-assets held for their platform users.
State tax law changes for the first quarter of 2022
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2022.
SAS 136: Changes to the auditor’s report
For employee benefit plans subject to ERISA, Statement on Auditing Standards No. 136 changes the look of the auditor’s report.
Executive Order provides path to regulation of digital assets
Executive Order provides an outline for next steps related to guidance and regulation in the digital asset space.