Category: Current Events
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DOJ: $6.8 Billion in False Claims Act Recoveries
The Justice Department announced that settlements and judgments under the False Claims Act reached more than $6.8 billion in fiscal year 2025 (ending September 30, 2025), marking the highest annual total in the statute’s history. Deputy Attorney General Todd Blanche and Assistant Attorney General Brett A. Shumate, head of the Civil Division, announced the results,…
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SEC Proposes Semiannual Reporting
The Securities & Exchange Commission’s first major disclosure overhaul in decades would let firms replace three quarterly filings with a single mid-year report, dividing markets between efficiency advocates and investor-protection watchdogs. The SEC has unveiled a proposal that would allow publicly traded companies to file earnings reports twice a year rather than four times, marking…
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Tariff Refund System Launched
A long-awaited refund system for up to $166 billion in illegally collected tariffs is now live, This new system offers relief to tens of thousands of U.S. importers, though many are tempering their optimism with pragmatic concern about technical glitches and potential legal interference. The system, known as CAPE and developed by U.S. Customs and…
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IRS’ 2026 “Dirty Dozen”
The IRS has released its 2026 “Dirty Dozen” list, an annual compilation of prevalent tax scams that threaten taxpayers, businesses, and tax professionals. Published as part of a broader awareness initiative led by the Internal Revenue Service in coordination with the Security Summit, the list highlights evolving fraud schemes and reinforces the importance of vigilance,…
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Generative AI in Financial Services
FINRA’s recent observations highlight how member firms are increasingly incorporating Generative AI into their operations. While this technology offers significant efficiency gains, it also introduces new supervisory, operational, and regulatory considerations. The following summarizes FINRA’s key findings and guidance. Primary Areas Where Generative AI Is Being Used Member firms are deploying Generative AI to improve…
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California’s Retirement Savings Mandate for Small Businesses
California has joined a growing list of states requiring employers to provide retirement savings options for their workers. The law was enacted to address the retirement savings gap in the U.S., where millions lack access to employer plans and Social Security faces long-term funding pressures. With compliance deadlines approaching, small businesses should understand their obligations…
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Tax Provisions in the One Big Beautiful Bill Act
The One Big Beautiful Bill Act, signed into law on July 4, 2025, enacts a wide range of changes to federal tax law affecting individuals, businesses, international taxation, nonprofit organizations, and clean energy incentives. This summary provides a clear overview of the Act’s key tax provisions. Individual Tax Provisions Income Tax Brackets and Rates The…
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Would Changing the Electoral College Make a Difference? – 2024 Update
In a prior article, we explored how changes to the electoral college would have changed the result of the Presidential election since 2000. Specifically, we explored whether using (i) the Proportional Method, and (ii) the Congressional District Method of splitting electoral college votes would have changed the outcome. It only mattered in two of the…
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Further Developments to the Corporate Transparency Act
Last time on Nolte Analytics’ coverage of the Corporate Transparency Act, a nationwide preliminary injunction halted enforcement of the Corporate Transparency Act’s reporting requirements. On February 18, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction, and the beneficial ownership information reporting requirements are once again in effect for…
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Tax Relief for Californians Impacted by Wildfires
In response to the devastating wildfires that have ravaged parts of California, state and federal tax agencies have announced tax relief measures to assist individuals and businesses affected by the disaster. Federal Tax Relief Measures The Internal Revenue Service (IRS) has granted several key forms of relief to individuals and businesses in areas designated as…