Tag Archives: reporting

House Committee Approves Drug Price Transparency Legislation/Drug Sample Reporting Requirement Under Sunshine Act

Clearing the way for consideration by the US House of Representatives, the Ways and Means Committee has unanimously approved bipartisan legislation aimed at increasing drug price transparency by manufacturers and pharmacy benefit managers through enhanced reporting and accountability requirements. Read … Continue reading

Posted in Administrative law | Tagged , , , , , , , , , , , | Leave a comment

Suspicious Activity Monitoring and Reporting – FINRA Issues Notice Consolidating Governmental and Regulatory “Red Flag” Guidance

Enforcement actions sanctioning firms and, in a few cases, individuals for failing to investigate and report suspicious activity have been significantly on the rise. SEC, FinCEN, FINRA, and others have been active in this area, particularly with regard to trading … Continue reading

Posted in Administrative law | Tagged , , , , , , , , , , , , | Leave a comment

Chief Accountant Bricker discusses past and future of financial reporting

By Amy Leisinger, J.D. In recent remarks, SEC Chief Accountant Wesley Bricker spoke about financial reporting evolution over the last four years and suggested several concepts to incorporate in looking toward the future of financial reporting. According to the official, … Continue reading

Posted in Securities Law | Tagged , , , , , , , | Leave a comment

Foreign Bank Accounts: Penalties for Tax Reporting Violations

U.S. taxpayers with foreign bank accounts must be aware of IRS reporting requirements for these “offshore” accounts. For offshore bank accounts or other foreign financial accounts, the taxpayer will likely need to file a Foreign Bank Account Report (FBAR). Please … Continue reading

Posted in Tax Law | Tagged , , , , , | Leave a comment

Upcoming Webinar: Financial Reporting & Compliance in a Post-Wayfair World

Join Eide Bailly and Avalara for a webinar to discuss a simple way to understand the constantly changing world of sales and use tax. Register for the webinar online today. Read more detail on Recent Tax Law posts – Justia … Continue reading

Posted in Tax Law | Tagged , , , , , , , | Leave a comment