Accounting method planning usually involves only a timing benefit. The recent corporate tax rate change, however, is an opportunity for corporate taxpayers to make favorable accounting method changes to create permanent tax benefits.
Discussing salary issues with colleagues can help workers to address pay disparities, but bringing up the topic can be awkward. Start by approaching a trusted ally in the office, and be prepared to act on the information you receive.
The Securities and Exchange Commission raised a disclosure threshold related to employee stock compensation Wednesday and sought public comment on other ways to modernize its rules for employee stock compensation.
The White House budget office forecasts the federal budget deficit could reach $1.1 trillion next fiscal year, $117 billion higher than projected in February's budget proposal and a more than 50% increase over the deficit of $666 billion in FY 2017. At the same time, President Donald Trump says he is planning to send a package of additional tax cuts to Congress this fall.
The hours necessary to comply with the Sarbanes-Oxley Act have been rising for a majority of companies, according to research by Protiviti. Reasons include heightened requirements for process-control documentation in high-risk areas, more entity-level controls classified as key controls, greater scrutiny from external auditors and increased internal testing of SOX compliance, according to companies surveyed.
A National Labor Relations Board judge cited a lack of important details in rejecting a proposed settlement that would prevent McDonald's from being deemed a "joint employer" with regard to its franchises and their labor law violations. McDonald's is considering an appeal to the full NLRB.
The potential for a trade war is emerging, and companies should be aware that governments may also retaliate against one another through mechanisms including stepped-up anti-corruption enforcement, write lawyers Jacquelyn Desch and Thomas Zeno. Companies that operate within foreign jurisdictions also should be concerned about greater scrutiny of workplace safety, tax payments and business code compliance, Desch and Zeno write.