News

Insider stock sales, individual culpability in corporate misconduct, and climate-related disclosures headline a potentially busy year.

The Biden administration is withdrawing its Covid-19 vaccination and testing regulation aimed at large businesses, following the Supreme Court's decision to block the rule earlier this month.

The Treasury Department and the White House relaunched a revamped version of the ChildTaxCredit.gov site Monday to coincide with the start of tax season, adding new features to help with filing taxes and accessing the full amount of unpaid credits.

Now that the U.S. Supreme Court has blocked the Occupational Safety and Health Administration's (OSHA's) vaccine-or-testing rule for large employers, businesses may want to review their COVID-19-related workplace policies.

Starting Saturday, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans. The Biden administration announced the change Monday as it looks to lower costs and make testing for the virus more convenient amid rising frustrations.

Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.

President Joe Biden announced Wednesday he is extending the pause on student loan payments until May 1.

With the Build Back Better bill currently on at least temporary hiatus, practitioners at year’s end are in a holding pattern regarding the need to ”bone up” on new legislation. That may come later in the new year, but it will likely be a diminished version of the Biden administration’s original proposal.

“The majority of employers are really in wait-and-see-mode" amid legal challenges to the Biden administration's COVID-19 vaccine rule.

The IRS will be sending out two letters to taxpayers in January: • Letter 6419 - Advance Child Tax Credit Payments • Letter 6475 - Economic Impact (stimulus) Payment It is important that your clients retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the issuance of refunds.

Victims of this weekend's tornadoes in Kentucky will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

The Senate Finance Committee released its portion of the Build Back Better Act on Saturday containing tax provisions and other updated legislative text.

The National Society of Accountants has sent a letter to Internal Revenue Service commissioner Charles Rettig and leaders of Congress’s main tax committees asking the IRS to speed up the refunds for 2019 and 2020 tax returns and communicate better.

Coronavirus booster shots are now open to anyone 18 and older nationwide.

The number of Americans who quit their jobs hit a record high in September, continuing a historic turnover that shows no signs of abating before the holiday season.

For small businesses hovering just under the federal vaccination guidelines, navigating this period is tricky.

In early September, President Biden announced he was taking steps to get more Americans vaccinated and turn the tide on COVID-19.

Governor Ned Lamont today announced that at his urging, President Joe Biden has approved his request for a presidential major disaster declaration due to the damage caused by the remnants of Hurricane Ida in early September.

As Congress decides how to slim down a $3.5 trillion social-safety-net bill, U.S. Rep. Rosa DeLauro (D-3rd District) is working to ensure that an historic child tax credit makes the cut.

Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.