#compliance
Navigate regulatory compliance and maintain audit-ready financial records
New Jersey's Family Leave Act drops its employer-coverage threshold from 30 to 15 employees on July 17, 2026 (then 10 in 2027 and 5 in 2028), while employee eligibility shortens from 12 months/1,000 hours to 3 months/250 hours worked.
The PCAOB opened its first-ever public comment period on its standard-setting and research agenda on June 23, 2026, with comments due August 7, 2026 on focus areas, its general approach, and the SEC's semiannual reporting proposal.
Connecticut's HB 6856 would be the first US state law to regulate shrinkflation, requiring food manufacturers to post a clear notice for 12 months whenever they shrink a product without cutting its price — enforced as an unfair trade practice by the state Attorney General. Here's who the bill covers, the slack-fill litigation risk that already exists, and how to keep COGS and margin records accurate through a package resize.
Starting July 1, 2026, South Dakota's SB 221 requires a per-location retail license to sell any nicotine product — including vapes and pouches — while HB 1220 raises the wholesaler/distributor license fee from $150 to $1,000 per location. Unlicensed retail sales carry a $500-per-day fine, and retailers must source only from state-licensed wholesalers.
Every state requires breach notice and size doesn't exempt you — map the 30/45/60-day clocks, California SB 446's 30-day and 15-day AG rule, 500/1000 thresholds, risk-of-harm, and run on the shortest deadline.
Effective July 1, 2026, Virginia's HB 975 replaces the flat 45% food-to-beverage ratio for mixed beverage licensees with three tiers — no ratio above $48,000 in monthly food sales, 30% between $25,000 and $48,000, and 45% below that — making monthly food-sales tracking a compliance requirement, not just an annual MBAR exercise.
ABA practices bill in 15-minute units under CPT codes 97153 and 97155, face industry-wide denial rates of 15-30%, and see predictable cash-flow dips when six-month prior authorizations lapse before renewal paperwork clears.
Connecticut's SB 298, effective July 1, 2026, requires warehouses with 250+ employees at one site (or 1,000+ across sites) to disclose productivity quotas in writing, retain three years of work-speed records, and answer employee data requests within 10 days, with a rebuttable presumption of retaliation for adverse actions taken within 90 days.
FASB's ASU 2025-06 replaces the three-stage ASC 350-40 test with a single "probable-to-complete" threshold for internal-use software, a change expected to decrease capitalization for SaaS companies once it takes effect for annual periods beginning after December 15, 2027.
Under ASC 958-805, a combination of two nonprofits must be classified as either a merger, which uses the carryover method with no fair-value remeasurement or goodwill, or an acquisition, which requires fair-value remeasurement and an immediate expense instead of capitalized goodwill for any excess consideration.
Medicare excludes routine foot care under Section 1862(a)(13) unless a Q7, Q8, or Q9 modifier documents a qualifying systemic condition, and a missed modifier produces a flat claim denial that podiatry practices often never trace back to a root cause in their books.
A first-year SOC 2 Type II report for a 10–50 person SaaS company typically costs $25,000–$80,000 total, with the audit fee itself covering only about 40% of that — internal labor and readiness work make up the rest.
