Business Law & Regulations, Finance
March 15, 2024
Via: LexBlogOn 15 March 2024, the Council of the EU published the updated text of the proposed Regulation amending the Single Euro Payments Area Regulation, the Cross-Border Payments Regulation, the Settlement Finality Directive and the Second Payment Services Directive as regards […]
Business Law & Regulations, Finance
March 4, 2024
Via: LexBlogAfter targeting credit card late fees in its proposed rule, the CFPB has set its sights on further attacking credit card pricing through interest rates. The CFPB published a blog late last month stating that credit card interest rate margins […]
March 1, 2024
Via: Fit Small BusinessSome small businesses, such as those that offer subscriptions, need to store customer credit card details. However, card networks take the security of credit card data seriously and employ strict merchant guidelines for storing credit card information. We provide an […]
Business Law & Regulations, Workplace Safety & Health
February 26, 2024
Via: JD SupraThe Federal Labor Government (Government) has completed its third tranche of workplace relations reform with the recent passage through Federal Parliament of its Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023. Along with its ‘Secure Jobs, Better Pay’ […]
Tax Code, Regulations and Guidance
February 26, 2024
Via: JD SupraThe US Department of the Treasury has recently reinforced the progress on enforcement, specifically how the IRS is focused on tax evasion targeting and the targeting of high-income individuals and entities. The IRS has deployed Artificial Intelligence (AI) and state-of-the-art […]
Business Law & Regulations, Finance
February 19, 2024
Via: LexBlogThe CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget (OMB) for the collection of additional auto finance data pursuant to its authority under the Dodd-Frank Act […]
Tax Code, Regulations and Guidance
January 29, 2024
Via: POLITICOThe House returns to Washington today, after a week away — and, no, it’s not clear whether the chamber will vote on the bipartisan tax bill in the coming days. The official House schedule still has the measure that would […]
Tax Code, Regulations and Guidance
January 25, 2024
Via: Fit Small BusinessSimilar to salaries, employee bonuses are subject to taxes—specifically, a bonus tax rate, which is typically a flat rate of 22%. This can change depending on the amount of the bonus and the method used to calculate the applicable bonus […]
Tax Code, Regulations and Guidance
January 22, 2024
Via: POLITICOSupporters of the bipartisan tax bill needed a statement vote out of the House Ways and Means Committee on Friday to help their cause — and they sure got one. Only three of the committee’s 43 members voted against the […]
Business Law & Regulations, Finance
January 19, 2024
Via: LexBlogIn furtherance of the Biden Administration’s “junk fee” agenda, on January 17, 2024, the Consumer Financial Protection Bureau issued its proposed rule to amend Regulations E and Z to regulate overdraft services provided by “very large financial institutions” (an insured […]
Tax Code, Regulations and Guidance
January 16, 2024
Via: JD SupraIn late December 2023, the Internal Revenue Service provided additional guidance in the form of questions and answers (“Q&As”) with respect to certain key qualified retirement plan provisions of the Consolidated Appropriations Act, 2023, known as the SECURE 2.0 Act […]
Tax Code, Regulations and Guidance
January 2, 2024
Via: POLITICOLet’s be honest — negotiations over a tax bill are essentially in the same spot they were when lawmakers hightailed it out of Washington last month. People working on a potential deal, both in and out of government, are optimistic […]
Tax Code, Regulations and Guidance
December 27, 2023
Via: National Law ReviewArentFox Schiff’s clients report being inundated with notices from registered agents and other service providers to comply with the Corporate Transparency Act (CTA), a new law that will require many existing and newly formed entities to register with and disclose […]
Tax Code, Regulations and Guidance
December 18, 2023
Via: JD SupraDue to delays, in particular as a result of the ruling by the Federal Constitutional Court (BVerfG) of November 15, 2023, selected tax changes are now to be included in the Act on the Promotion of Orderly Secondary Credit Markets […]
Tax Code, Regulations and Guidance
December 14, 2023
Via: LexBlogOn October 16, 2023, the Pennsylvania Supreme Court granted Tower Health’s Petition for Allowance of Appeal related to the Montgomery County hospital property. The Supreme Court is going to address the following two issues on appeal: Whether the Commonwealth Court […]
Tax Code, Regulations and Guidance
December 11, 2023
Via: POLITICOFormer House Ways and Means Chair Dave Camp definitely has experience when it comes to year-end tax negotiations — and now he’s got some insight on the current set of talks that have sparked so much interest in D.C. tax […]
Business Law & Regulations, Finance
December 5, 2023
Via: JD SupraUnlike “general” personal jurisdiction, which allows a court to hear all claims against a defendant as long as that defendant is “at home” in the state, “specific” jurisdiction applies to defendants with less intimate ties to the forum state but […]
Tax Code, Regulations and Guidance
November 20, 2023
Via: JD SupraEstate planning is a lot like putting together a puzzle. The client provides you with their box lid showing what they want the ultimate result of their plan to look like. Then, estate planners are tasked to identify and gather […]
Tax Code, Regulations and Guidance
November 13, 2023
Via: POLITICOA bipartisan crew of House members is urging the Treasury Department to give businesses a further break on new Foreign Tax Credit regulations. Treasury announced back in July that they were giving taxpayers a two-year reprieve from those rules, which […]
Tax Code, Regulations and Guidance
November 10, 2023
Via: JD SupraAs the U.S. transitions from the acute phase of COVID-19, the lasting impact of changes ushered in by the pandemic is becoming clear, most notably the shift toward remote work. While no longer a necessity, remote work remains extremely popular, […]