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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).
View MoreLate 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.
View MoreThe 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.
View MoreOn Dec. 9-11, TSCPA hosted 25 emerging accounting professionals for the society’s first Leadership, Empowerment and Accelerated Development (LEAD) Program.
View MoreThe Federal Reserve recently reduced the benchmark interest rate by 0.25 percentage points, the third consecutive interest rate cut of 2024.
View MoreThe 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.
View MoreOn Monday, the AICPA Professional Ethics Executive Committee (PEEC) released new ethics guidance related to recruiting services for attest clients.
View MoreThe Securities and Exchange Commission today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the Commission.
View MoreThe Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available.
View MoreTSCPA's 2024 Accounting Opportunities Month (AOM) granted students across Tennessee the chance to learn more about the accounting profession.
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