Interest rates decrease for the first quarter of 2025
The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Jan. 1, 2025.
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Expanded Access Now Available for AICPA-NASBA Program That Reduces Barriers to Completion of CPA Licensure’s Education Requirement
A pilot program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure now allows accounting graduates unaffiliated with a participating accounting firm or employer to sign up, as long as they are employed full time.
View MoreBeneficial Ownership Information Reporting: Resources for TSCPA Members
On Jan. 1, 2024, the beneficial ownership information (BOI) reporting requirement, an anti-money laundering initiative enacted in 2021 through the Corporate Transparency Act, went into effect for entities across the United States.
View MorePCAOB Adopts Rule Amendment To Enhance the Usefulness of Audit Firm Registration Information
The Public Company Accounting Oversight Board (PCAOB) today adopted a rule amendment to advance the PCAOB’s investor-protection mission and to enhance the Board’s registration program.
View MoreNPAG Accounting Talent Strategy Report: Recommendation #6 – Tell a More Compelling Story
Throughout NPAG’s research, stakeholders strongly agreed on the need to communicate a more compelling story about accounting.
View MoreFASB Issues Standard That Improves Disclosures about Income Statement Expenses
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves financial reporting and responds to investor input by requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements.
View More401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.
View MoreAccounting Opportunities Month 2024: Get Involved!
The AICPA and state societies, including TSCPA, have designated November as Accounting Opportunities Month.
View MoreFinCEN Provides BOI Reporting Relief to Victims of Recent Natural Disasters
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl and Hurricane Francine will receive an additional six months to submit beneficial ownership information (BOI) reports, including updates and corrections to prior reports.
View MoreTennessee State Board of Accountancy Announces Hurricane Helene CPE Relief
The Tennessee State Board of Accountancy (TSBOA) has announced that CPAs who live or work in Tennessee counties impacted by Hurricane Helene are eligible for an extension of time to complete renewal CPE requirements.
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