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.
In 2024 alone, U.S. charities received $592.5 billion in donations. That’s more than 2% of the nation’s gross domestic product for the year.2 Roughly two thirds of those contributions came from individuals and families, and nearly 60% of U.S. households made charitable donations in some form. Notably, majority of these gifts were made in cash,
Charitable Planning: Giving with Purpose and Strategy Read More »
CAMICO’s hotline received numerous inquiries about the Statement on Standards for Accounting and Review Services (SSARS) No. 27, Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement. Some callers want to determine whether financial statement services they already perform, or are considering performing, qualify for the new exception
SSARS No. 27: Helpful Guidance, but Misunderstood Read More »
We invest years building our professional expertise. We earn degrees, certifications, and stay current on changing standards and regulations. We learn to manage teams, communicate under pressure, and lead through change. But few of us learn to manage the one thing driving every decision we make: our own mind. How much of your day is
Your Mind Is Running the Show. Are You Paying Attention? Read More »
The reality is that tax professionals are facing increasing compliance complexity, compressed deadlines, staffing constraints and rising client expectations. On the flip side, corporate accounting departments are facing similar challenges in addition to large quantities of data to analyze for strategic decision-making. Artificial Intelligence (AI) continues to evolve and provides relief for many of these
AI in Tax Practice: Shifting Workflows While Reinforcing the Value of Tax Professionals Read More »
In April 2024, the U.S. Department of Justice (DOJ) issued a final rule under Title II of the Americans with Disabilities Act (ADA) for state and local governments. This rule requires all public entity web content and mobile apps, including content provided through contractors, to meet the Web Content Accessibility Guidelines (WCAG) 2.1 Level A
ADA Accessibility: What CPA Firms Serving Governments Need to Know Read More »
Moving from Principles to Implementation In part one of this two-part article, we discussed the risks, characteristics, and capabilities of generative artificial intelligence (GenAI) as identified in Committee of Sponsoring Organizations (COSO)’s February 2026 publication, Achieving Effective Internal Control Over Generative AI (GenAI). We also provided a high-level overview of how each internal control component
Download the Issue In this issue: ADA Accessibility: What CPA Firms Serving Governments Need To Know Your Mind Is Running the Show. Are You Paying Attention? SSARS No. 27: Helpful Guidance, but Misunderstood Considering Recent COSO Guidance: GenAI and the 2013 COSO Internal Control – Integrated Framework (Part 2 of 2) AI in Tax Practice:
September/October 2026 Tennessee CPA Journal Read More »
This story was originally published in Accounting Today. Visit the Accounting Today website for the story. President Trump signed into law a bill extending the federal tax deduction for qualified disaster-related personal casualty losses and the exclusion from gross income of qualified wildfire relief payments. Previously, taxpayers affected by a federally declared disaster could generally
Trump signs bill extending tax relief to disaster victims Read More »
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