The SEC voted Wednesday to provide disclosure relief for certain securities offerings related to employee compensation, and to seek public comment on ways to modernize its rules for employee stock compensation.
Rules adopted Wednesday raised the threshold for the aggregate sales price or amount of securities sold in compensatory arrangements that require an issuer to deliver additional disclosures to investors. The threshold increased from $5 million to $10 million for any 12-month period.
The Internal Revenue Service, state tax agencies and the private-sector tax industry – known as the Security Summit partners – today are trying to help tax professionals decipher the confusing world of security software that is key to safeguarding taxpayer data stored on practitioner's computer networks. Click here to read full article.