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Category: Accounting

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Early Disclosures Point to Massive Corporate Tax Savings from “Big Beautiful Bill”

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The House of Representatives traditionally reserves the bill number H.R. 1 in each new session of Congress for a piece of legislation that reflects what the Speaker of the House deems to be the controlling party’s top priority. This year, t...

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A Tax Transparency Reckoning: Are Corporate Tax Disclosures Entering a New Era?

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As outlined in a new Intelligize report, The New Disclosure Challenge: Income Taxes, ASU 2023-09 and Investor Expectations, the Financial Accounting Standards Board’s issuance of ASU 2023-09 is recalibrating how public companies report rate...

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Compensation Clawbacks Begin to Take Hold in Corporate America

escalators in department store

Macy’s Inc. filed its annual proxy statement this year on April 1, also known as April Fools’ Day. Unfortunately for some of the New York-based department store chain’s executives, the company wasn’t joking when it disclosed a portion of th...

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FASB Eyes Standardizing Key Performance Indicators

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As part of its process to narrow priorities for 2025, the Financial Accounting Standards Board in November invited stakeholders to weigh in on whether certain financial key performance indicators – better known as KPIs – should be standardi...

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Accounting Errors Dim Holiday Outlook for Macy’s, Other Companies

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From jolly television personality Al Roker cruising around New York City during the retailer’s annual Thanksgiving Day Parade to the Christmas classic Miracle on 34th Street, few brands have a stronger association with the holiday season th...

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