As expected, the European Union Commission has mandated that European-listed companies expense stock options. The law, which must be applied retroactively from Jan. 1, 2005, applies to roughly 8,000 companies. Late last year, the E.U. lobbied hard for the expensing rule, but in order for it to be enacted into law it had to be approved by the European Parliament. In the U.S., companies must begin expensing stock options from June 15. Much like in the U.S., where options expensing was met with a flurry of lobbying activity -- especially from the technology sector -- many of Europe's biggest conglomerates had attempted to delay the expensing rule until it became effective in the U.S.
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The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
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The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
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Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
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KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.
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Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.
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While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.
April 19