https://www.fasb.org/news-and-meetings/in-the-news/fasb-clarifies-interim-effective-date-for-new-disaggregation-of-income-statement-expenses-standard-for-non-calendar-year-end-entities-420531
https://www.journalofaccountancy.com/news/2025/jan/doj-asks-supreme-court-to-block-injunction-on-boi-reporting.html
DOJ asks Supreme Court to block injunction on BOI reporting Read More »
Late last night, the Fifth Circuit Court vacated the motion to stay the injunction which barred FinCEN from enforcing BOI reporting requirements. This decision means that FinCEN no longer has the authority to enforce BOI reporting requirements at this time. FinCEN has not updated its website or confirmed whether filing is voluntary again or if
BOI Injunction Reinstated Read More »
https://www.irs.gov/newsroom/irs-increases-the-standard-mileage-rate-for-business-use-in-2025-key-rate-increases-3-cents-to-70-cents-per-mile
The Federal Reserve recently reduced the benchmark interest rate by 0.25 percentage points, the third consecutive interest rate cut of 2024. The reduction takes the federal funds rate, the interest rate banks charge each other for short-term loans, to a target range of 4.25%-4.5%, down from its previous target range of 4.5%-4.75%. The change comes
Federal Reserve Cuts Interest Rates Read More »
https://www.journalofaccountancy.com/news/2024/dec/peec-issues-recruiting-guidance-exposure-draft-on-simultaneous-employment.html
PEEC issues recruiting guidance, exposure draft on simultaneous employment Read More »
The IRS recently issued final regulations (T.D. 10011) intended to modernize the process for the government’s sale of taxpayers’ property after its seizure by levy. Proposed regulations (REG-127391-16) were issued in October 2023. In the preamble to the proposed regulations, the IRS wrote that the regulations under Sec. 6335 had not changed substantially since they
IRS Issues Final Regulations To Modernize Process for Sale of Taxpayers’ Property Read More »