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The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking input on proposed changes to the Uniform Accountancy Act (UAA) that would pave the way for states to adopt an additional pathway for CPA licensure.
View MoreThe chair of the Federal Accounting Standards Advisory Board, George A. Scott, announced today that the Board issued Statement of Federal Financial Accounting Standards (SFFAS) 64, Management’s Discussion and Analysis: Rescinding and Replacing SFFAS 15, and Statement of Federal Financial Accounting Concepts (SFFAC) 10, Omnibus Concepts Amendments 2024: Amending SFFAC 2 With Note Disclosures and MD&A Concepts and Rescinding SFFAC 3.
View MoreThe Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.
View MoreThe Tennessee Society of CPAs (TSCPA), in partnership with CPA Crossings, recently released a report addressing the use of technology in the accounting profession and key challenges to technology adoption faced by firms.
View MoreTSCPA is pleased to present the 2025 TSCPApex Awards to honor those whose exemplary efforts and achievements are advancing Tennessee’s accounting profession.
View MoreThe second major theme that has emerged from NPAG’s research involves addressing the time and cost of education.
View MoreThe Internal Revenue Service today updated its frequently asked questions in Fact Sheet 2024-30 for the Premium Tax Credit.
View MoreThe U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued another resource to familiarize small business owners with beneficial ownership reporting requirements.
View MoreRecent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
View MoreThe IRS recently issued final regulations T.D. 9991 on the statutory requirement that the basis of property acquired from a decedent be consistent with the basis reported on the estate tax return, finalizing regulations proposed eight years ago (REG-127923-15).
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