H.R. 3937, the Small Business Jobs Act, includes measures that have bipartisan support, such as raising the 1099 reporting threshold for nonemployee compensation from $600 to $5,000. Other provisions would increase small business expensing of equipment and would create rural... Read More
Estimated tax payment deadlines would be changed to a uniform, quarterly schedule under a new bill introduced by Reps. Debbie Lesko (R-AZ) and Brad Schneider (D-IL). The Tax Deadline Simplification Act, H.R. 3708, would correct the “uneven intervals” at which... Read More
In January 2023, the UK government asked for feedback on proposals to combine the UK’s two research & development (R&D) tax reliefs: the Research and Development Expenditure Credit (RDEC) and the SME R&D Tax Relief systems. The stated aim was... Read More
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure organizations that accept, process, store or transmit payment card data do so in a secure manner. A key change with PCI DSS... Read More
On July 18, 2023, Oregon Governor Tina Kotek signed into law a new refundable research and development (R&D) tax credit for semiconductor research. Oregon has not had an R&D credit since 2017 when the prior R&D credit expired and was... Read More
Over recent months, HMRC has conducted an in-depth analysis aimed at gaining a better understanding of non-compliance within the country’s research and development (R&D) tax reliefs. The resulting comprehensive study focused on the 2020/2021 tax year and represents the most... Read More
The Internal Revenue Service (IRS) has issued a warning about a new scam that aims to deceive individuals into believing they are owed a refund. The scam begins with an official-looking cardboard envelope from a delivery service. According to the... Read More
For the first time in the history of the DSS, PCI DSS 4.0 offers organizations the ability to customize the controls that they rely upon to secure their environments. The new Standard still contains a prescriptive set of controls that... Read More
On Friday, June 14, 2023, the Department of Treasury and the Internal Revenue Service (IRS) published another set of proposed guidelines under the Inflation Reduction Act (IRA22); this time related to the “direct pay” opportunity for certain nonprofit organizations and... Read More
The Georgia legislature has enacted HB 412, which repeals a limitation on the types of partnerships that can elect to pay income taxes at the entity level to circumvent the federal state and local tax (SALT) deduction limitation. The legislation... Read More
