By Payroll Update Staff A number of states established Paid Family and Medical Leave Insurance programs that provide wage replacement benefits to workers who take time off for qualified reasons such as the birth, adoption, or foster placement of a child, illness, family caregiving, and other life events. In general, these state programs require employer …
Content Alert: 2024 State Paid Family and Medical Leave Rates Read More »
ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative, was issued in October 2023. Why Was the ASU Issued? In 2018, the SEC issued Release No. 33-10532, Disclosure Update and Simplification, which contained certain disclosure requirements that overlap with U.S. GAAP, but require additional information. Because of this overlap, these …
New ASU Adds Selected SEC Disclosures to Codification Read More »
On October 5, 2023, the Office of Management and Budget (OMB) proposed revisions to OMB Guidance for Grants and Agreements, which includes 2 Code of Federal Regulations Part 200 (Uniform Guidance). The proposed revision reflects comments received from Federal agencies and those received in response to the OMB Notice of Request for Information that was published in …
By Margaret Eisler, Esq. The Texas Comptroller of Public Accounts has announced local sales and use tax rate changes, effective January 1, 2024. (New and Additional Tax Rate Changes Effective January 1, 2024, Tex. Comptroller of Public Accounts, 12/01/2023.) City sales and use tax. The following cities have increased the additional city sales and use tax for city …
Texas Announces 2024 First Quarter Local Sales and Use Tax Rate Changes Read More »
Because a firm’s system of quality control (and whether it is adhered to) affects a firm’s peer review, it’s important to understand the peer review process and the AICPA standards for peer reviews. For firms subject to peer review, the AICPA Peer Review Board’s clarified Standards for Performing and Reporting on Peer Reviews (clarified standards) …
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