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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued a final rule that establishes the framework for access to and protection of beneficial ownership information.
View MoreThe AICPA and NASBA recently announced they have approved revisions to The Statement on Standards for Continuing Professional Education (CPE) Programs.
View MoreAs part of an ongoing initiative aimed at combating dubious Employee Retention Credit claims, the IRS recently launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error.
View MoreThe IRS recently announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.
View MoreThe Financial Accounting Standards Board recently announced the availability of the 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”).
View MoreThe Financial Accounting Standards Board recently issued an Accounting Standards Update that addresses requests for improved income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions.
View MoreThe IRS recently issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
View MoreOn Tuesday, Dec. 12, the U.S. House passed H.R. 5119, providing the one-year delay, now, the Senate must take up this bill by Dec. 31.
View MoreFEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement recovery efforts in the areas affected by severe storms and tornadoes on Dec. 9, 2023.
View MoreThe Federal Accounting Standards Advisory Board recently announced it has issued Statement of Federal Financial Accounting Standards 62: Transitional Amendment to SFFAS 54.
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