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
Take a Break with TSCPA Read More »
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
Annual Sales Tax Holiday Happening July 25 – July 27 Read More »
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,
AI Sameness: Are You Unique, Special, and Different? Read More »
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
AI and Professional Services: a Marriage Made on Earth Read More »
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
Family Dynamics: The Intersection of Money and Emotion Read More »
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
Issue Number: IR-2026-83 The IRS announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The new Automatic Exemption from Penalty (AEP) will replace the long-standing First Time Abate administrative relief beginning in summer of 2026 and
IRS simplifies penalty relief, introduces automatic process for eligible taxpayers Read More »