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November 29, 2022

Accounting News Roundup: SEC Courts, Lease Accounting Worries, Loss Harvesting Season | 12.29.16

That's it for us in 2016! We'll see you back here on January 3rd. Have a safe and happy new year.

SEC courts

The Wall Street Journal reports that an appeals court in Denver ruled that the "SEC's process for hiring administrative-law judges" is unconstitutional. This conflicts with other courts that have said the administrative courts are just fine. "[I]t would appear ripe for a U.S. Supreme Court review to resolve that conflict," says a guy.

People are worried about new lease accounting rules

CFO reminds everyone that the new rules go into effect in 2019 for public companies and 2020 for private. What are you doing? GET ON THIS.

Harvest some losses

If you fancy yourself a savvy investor (or have some clients who think so) it's that time of year where you should consider harvesting some capital losses to offset your investing gains. Joe Kristan has a good list of reminders.

Tax policy in 2017

TaxVox has 10 trends to watch next year, including some people's prediction that two tax bills will be passed by April. Hold your breath starting NOW.

Taxpayer-funded stadiums

The Tax Foundation's Tax Policy Blog notes that St. Louis may ask its residents to vote for another sales tax increase to pay for another new stadium, this time for an MLS club. The city of St. Louis is stuck with the NFL's Rams stadium that still isn't paid for, meanwhile the Rams now call Los Angeles home.

University partner viewpoint: Is globalism dead?

Nationalism is all the rage right now, but can it really slow down the global nature of our technologically enhanced world? If your sights are on a global career, this University of St. Mary post covers three MBA specializations for the global economy.

In other news:

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