January 3, 2025
The Justice Department (DOJ) filed an emergency application with the Supreme Court asking it to stay the district court injunction that is preventing the government from enforcing the Corporate Transparency Act and its requirements to report beneficial ownership information (BOI).
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December 27, 2024
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.
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December 19, 2024
The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
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December 19, 2024
On Dec. 9-11, TSCPA hosted 25 emerging accounting professionals for the society’s first Leadership, Empowerment and Accelerated Development (LEAD) Program.
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December 18, 2024
The Jan. 1, 2025, deadline for reporting companies to file beneficial ownership information (BOI) reports could be extended by one year, based on a continuing resolution proposed in the House of Representatives.
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December 12, 2024
The Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available.
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December 11, 2024
TSCPA's 2024 Accounting Opportunities Month (AOM) granted students across Tennessee the chance to learn more about the accounting profession.
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December 11, 2024
The U.S. Senate recently unanimously passed the Federal Disaster Tax Relief Act of 2023 (H.R. 5863), designating a series of presidentially-declared disasters as qualified disaster events.
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December 10, 2024
With the Jan. 1, 2025, due date approaching, and in light of the decision and appeal in the case of Texas Cop Shop, Inc. et al. v. Garland, et al., the AICPA, TSCPA and other state CPA societies continue to advocate for the deadline for initial beneficial ownership information (BOI) filings to be pushed back.
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December 6, 2024
TSCPA is proud to announce the inaugural class of the Leadership, Empowerment and Accelerated Development (LEAD) Program.
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