Insights

The U.S. Securities and Exchange Commission’s (SEC) Division of Examinations (the Division) recently released its 2023 Examination Priorities.

In this bulletin, we will walk you through this rule and the calculations of a foundation’s minimum payout requirement.

While U.S. individuals and businesses have long dealt with FBAR and FATCA reporting requirements relating to foreign bank accounts and certain foreign assets, one area that still may be confusing to many is the treatment of cryptocurrency.

Effectively managing the bottom line requires a well-run AP process paying close attention to expenditures, internal controls and preserving cash by avoiding payment of inaccurate invoices.

As we gather information and documents for our 2022 business tax returns, it’s a good time to review how recently enacted federal tax laws.

One of the bulleted items this month concerns the breach of confidential customer data by a cellular service provider. In this particular case, the company failed to protect consumer information eight times in a five-year period.

The Regulations provide enhanced interpretation and expand upon the CPRA. Now approved, the Regulations will go into a 30-day review period and will likely take effect April of 2023.

This third and final installment on the subject covers the years following development.