Regulatory News

TN Dept of Revenue Warns of USPS Postmark Changes Affecting Tax Filings

Regulatory News, Tax News /

The Tennessee Department of Revenue has issued Notice #26-09 to alert taxpayers and practitioners to upcoming changes in how the U.S. Postal Service (USPS) applies postmarks, which could affect whether mailed tax filings are considered timely. Effective December 24, 2025, USPS postmarks will generally reflect the date an item is first processed at a postal […]

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Federal/State Tax Filing and Payment Deadlines Extended to May 22 for Tennesseans Impacted by Winter Storm Fern

Regulatory News, Tax News /

Tax professionals across Tennessee should be aware of federal and state tax relief measures granted in response to Winter Storm Fern, which began on January 22, 2026. Both the Internal Revenue Service (IRS) and the Tennessee Department of Revenue have announced extensions and penalty relief until May 22 for affected individuals and businesses in designated

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Finalizing Standards, Fresh Direction: The FASB’s Evolving Agenda

Accounting & Auditing, Members Only, Regulatory News /

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Turning the Page to the FASB’s Next Chapter The Financial Accounting Standards Board (FASB) is looking ahead to what is next as many of its current projects are near the Final Accounting Standards Update (ASU) milestone. Seven proposed updates are projected to be finalized by Dec. 31, 2025. If completed

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FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets

Accounting & Auditing, Regulatory News /

Norwalk, CT—July 30, 2025—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-improves-measurement-of-credit-losses-for-accounts-receivable-and-contract-assets-422498

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Seeing Through the Chaos: An Accountant’s Lens

Accounting & Auditing, Members Only, Regulatory News /

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results. These dynamics can impact considerations around asset valuations, fair

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