Tax professionals across Tennessee should be aware of federal tax relief measures granted in response to Winter Storm Fern, which began on January 22, 2026. The Internal Revenue Service (IRS) announced extensions and penalty relief until June 8 for affected individuals and businesses in all 95 Tennessee counties. Visit the IRS website for more information.
On August 11, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final rule became effective on its publication in the Federal Register. FinCEN also
Dhonielle Toussaint, CPA from Henderson & Gardner PLLC Selected to Attend AICPA’s 2026 Leadership Academy Dhonielle Toussaint, CPA was one of only 36 professionals honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 18th graduating class. Dhonielle was selected based on her exceptional leadership skills and professional experience for
Schedule a Take a Break with TSCPA Session Today! Take a Break with TSCPA is a one-hour social designed specifically for emerging professionals and interns. Along with creating a relaxed space for connection and community-building, we will highlight how to make the most of their TSCPA membership, share leadership and networking opportunities, and introduce participants
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Get ready to save! The State of Tennessee’s annual sales tax holiday weekend will take place Friday, July 25 through Sunday, July 27. During this holiday, Tennesseans can save nearly 10 percent on qualifying clothing, school supplies, and computers. Clothing and school supplies priced at $100 or less will be tax-free, and computers priced at $1500
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Jim Cooper’s Warning About America’s Most Comprehensive Financial Report In March 2011, Congressman Jim Cooper (D-TN-5) called the Financial Report of the United States Government” a more important look at the federal government that probably any other document,” yet “one of the best kept secrets in testimony to the Oversight and Government Reform Subcommittee on
By Samantha Mansfield The speed at which artificial intelligence (AI) can complete tasks is incredibly appealing. For years, the accounting profession has been trying to fulfill the increasing needs of clients while challenged with a lean talent bench. Given the easy accessibility and adoption of AI tools, anyone can generate summaries, draft communications, analyze data, conduct research,
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Let’s pause the discussion on government policy and the economy to discuss personal finances. Earning, saving and investing areserious business in America, with accountant closely involved as they handle the numbers across the U.S. economy. That’s quite a responsibility. Our responsibility is not paltry either. At Trusco Investment Management, we serve as fiduciaries, legally responsible
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The year 2026 is pivotal for taxation shifts with the One Big Beautiful Bill (P.L. 119-21) signed into law on July 4th, 2025. The mid-year commencement limited its impact in 2025 making some of the more significant components first applicable in 2026. One of those changes, the modification of charitable contribution deductions, affects a great
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How Personal History, Relationships and Emotional Patterns Shape Financial Decisions By James M. Harris III, CFP®, CIMA®, CPWA®, CEPA® CPAs are trained to read balance sheets, but the most consequential numbers in a family’s financial life are often written in invisible ink. They appear in the silences during estate planning meetings, in the adult child who
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Introduction Artificial intelligence (AI) has moved rapidly from an emerging technology to an established business tool, with organizations increasingly integrating AI-enabled capabilities into core processes, including financial reporting. The 2021 COSO publication, Realize the Full Potential of Artificial Intelligence, authored by Keri Calagna, Brian Cassidy, and Amy Park of Deloitte & Touche, provided organizations with