How do California SB 253 reporting entities measure Scope 1 and Scope 2 emissions for the June 30, 2026 first filing? SB 253 (Health & Safety Code §38532) requires U.S. companies with revenues over $1 billion doing business in California to publicly disclose Scope 1 (direct) and Scope 2 (purchased energy) greenhouse gas emissions starting…
How can you tell a Social Security imposter scam from a real government contact? The Social Security Administration Office of the Inspector General (SSA OIG) issued a fresh warning in 2026 about a rising imposter scam: criminals impersonate real federal employees by harvesting names from social media and sending doctored badge photos to “verify” their…
How does the IRS Offer in Compromise work, and how do you avoid OIC mills? An IRS Offer in Compromise (OIC) is a legally-binding agreement between a taxpayer and the IRS to settle outstanding tax debt for less than the full amount owed. You apply with Form 656-B (Offer in Compromise Booklet) plus a $205…
What does California SB 261 require for climate-related financial risk reporting? California’s SB 261 (Public Resources Code §38533, the Climate-Related Financial Risk Act, as amended by SB 219) requires U.S. companies with annual revenues over $500 million doing business in California to publish a biennial climate-related financial risk report. The first report is due January…
Who qualifies for the No Tax on Tips deduction under the final regulations? The Treasury and IRS issued final regulations on April 10, 2026 (IR-2026-49) implementing the “No Tax on Tips” deduction under the One, Big, Beautiful Bill Act (OBBBA). Workers in 70+ occupations on the Treasury Tipped Occupation Code (TTOC) list can deduct qualified…
How do California companies collect Scope 3 supplier emissions data for SB 253? California’s SB 253 requires companies with over $1 billion in U.S. revenue doing business in California to disclose Scope 1, 2, AND 3 greenhouse gas emissions — with Scope 3 disclosure due January 1, 2027 (based on 2026 fiscal year data). Because…
What’s the latest status on California’s CARB SB 253 enforcement timeline and SB 261 court injunction? The California Air Resources Board (CARB) approved its SB 253 / SB 261 implementing regulation on February 26, 2026, setting an initial Scope 1 and Scope 2 GHG reporting deadline of August 10, 2026 for SB 253. A November…
What does ASU 2023-05 require for joint venture formation accounting? Under FASB Accounting Standards Update 2023-05, joint ventures must record assets received and liabilities assumed at fair value at the formation date — adopting a new basis of accounting on day one. The guidance is in new Subtopic 805-60 and is effective prospectively for any…
What are California climate disclosure laws SB 253 and SB 261 — and who must comply in 2026? California’s Climate Corporate Data Accountability Act (SB 253) requires companies with annual revenue above $1 billion that do business in California to disclose Scope 1, 2, and 3 greenhouse gas emissions. SB 261 (Climate-Related Financial Risk Act)…
How does a Pooled Employer Plan (PEP) compare to a state-mandated auto-IRA? A Pooled Employer Plan is a multi-employer 401(k) structure that satisfies state retirement mandates while offering meaningful advantages over state-sponsored auto-IRAs: $24,500 contribution limit (vs. $7,500 IRA), employer matching, institutional-quality investments, and fiduciary shift to the Pooled Plan Provider. For most small employers,…
