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What is a Kovel Accountant? A Deep Dive.

Kovel Agreement - The Internal Revenue Service (IRS) has broad statutory authority to investigate and audit taxpayers. In many cases, the IRS attempts to fulfill this statutory authority through seeking communications made between… more

Payments regulatory news, August 2021

Confirmation of Payee Phase 2: PSR letter to Specific Direction 10 banks and UK Finance The Payment Systems Regulator (PSR) has published a letter it has sent to the UK's six biggest banking groups (directed under the PSR's Specific… more

So Far... and Is SOFR So Good?

Following much anticipation, the Alternative Reference Rate Committee (ARRC) has announced its official recommendation of the CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates). Market… more

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