As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, the agency announced it will be making changes that will impact how tax professionals receive transcripts.
IRS Announces Changes to Delivery Methods for Transcripts Read More »
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time to file their federal income tax return electronically and request direct deposit.
Get ahead of the tax deadline; act now to file, pay or request an extension Read More »
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves generally accepted accounting principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718, Compensation—Stock Compensation.
The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”).
SEC Accepts 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy Read More »
With a key March 22 deadline rapidly approaching, the Internal Revenue Service renewed calls for businesses to review the Employee Retention Credit (ERC) guidelines to avoid future compliance action for improper claims.
The Internal Revenue Service announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions.
Although there have not been many tax law changes this year, one tax policy change being implemented this year is sure to cause confusion for a plethora of our clients. That change is the new reporting requirements for the 1099-K.
How To Help Your Clients Understand Their 1099-K and the Ever-changing Thresholds Read More »
TSCPA’s State Tax Committee met with representatives from the Tennessee Department of Revenue (TDOR) and the Secretary of State’s office and received a legislative update from Senator Kerry Roberts. The committee meets semi-annually with various state departments to discuss state tax issues and other topics of importance to Tennessee CPAs. TDOR Overview There has been
TSCPA State Tax Committee Liaison Meeting Report – Dec. 6, 2023 Read More »
For TSCPA Life member John Dorris, Sr., CPA, a last-minute decision to major in accounting opened the door to a career in the music industry.
Meet TSCPA Member: John Dorris, Sr., CPA Read More »
See the list of Successful Candidates who recently passed the CPA Exam.
TSCPA Welcomes 29 Successful Candidates Who Recently Passed the CPA Exam Read More »