Filtered by category: Business Regulations Clear Filter

LIFO in the GOP Tax Reform "Blueprint"

A Message From the National Association of Wholesaler-Distributors 

As you may know, the House Republicans have been working for several months on a series of six issue “blueprints” to set forth a policy agenda.  Their final blueprint, their tax proposal, is being publicly released at a press conference at 10:00 AM this morning.  While the official document was embargoed until 11:00 AM this morning, we saw a draft of it last evening, and it is very good news for us on LIFO.

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NAW LEGAL ADVISORY - Beware of Your Liability Exposure for DBE Fraud

Wholesaler-distributors who supply products and materials to contractors for work on projects funded, at least in part, with government funds are no doubt aware of the involvement of Disadvantaged Business Enterprises (DBEs) on many of these projects.  Recent incidents of “DBE fraud” have resulted in Justice Department charges against distributors and/or contractors.

 

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PATH Act May Impact Tax Planning

From Brown Smith Wallace

The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) made permanent many popular but previously temporary tax breaks for individuals and businesses. The PATH Act also enhanced many incentives. Click here for more information

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FASB Issues Long-Awaited Standard on Lease Accounting

The new guidance on reporting leases under U.S. Generally Accepted Accounting Principles has been the subject of intense public scrutiny. It’s received significant opposition from businesses that expect to add many billions of dollars in assets and liabilities to their balance sheets once the lease accounting standard becomes effective. Click here for more information

Spotlight on Recent SEC Proposals

From Brown Smith Wallace

The Securities and Exchange Commission (SEC) is asking for public comments on several key changes to its rules by the first quarter of 2016. Although its proposal on intrastate crowdfunding has garnered significant attention, the comment deadlines for five other regulatory proposals also are in early 2016. Here’s a heads-up on what regulatory changes are currently in the works. Click here to read more