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The SEC recently adopted rule changes to reduce the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date to one to reduce risk. The Commission also proposed two other rule changes regarding the protection of advisory client assets and the Privacy Act.
View MoreThe U.S. Treasury Department and the IRS recently published guidance following the enactment of the Inflation Reduction Act to establish a program to provide solar and wind power to certain low-income areas and a program to allocate credits for qualified investments in eligible qualifying advanced energy projects.
View MoreThe bills on the following list have been identified by TSCPA’s legislative tracker as bills of interest to the CPA profession. They may be viewed in their entirety at www.legislature.state.tn.us/. If you have questions or comments, please email tscpa@tscpa.com.
View MoreAs part of its efforts to improve services for taxpayers, the IRS recently announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund.
View MoreAs part of a continuing effort to improve service this tax season, the IRS announced special Saturday hours for the next four months at Taxpayer Assistance Centers across the country.
View MoreThe PCAOB recently released a staff report intended to assist audit firms in remedying quality control issues cited during the inspection process.
View MoreThe IRS recently issued Notice 2023-16, modifying the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits.
View MoreYou know it’s coming. You might even be dreading it. So let these expert tips help relieve some of the stress.
View MoreAfter raising the benchmark interest rate by half of a percentage point last December, the Federal Reserve increased the rate by a quarter of a percentage point at its January/February meeting.
View MoreThe Financial Accounting Foundation recently announced it will provide free, enhanced online access to the Accounting Standards Codification® and the Governmental Accounting Research System™ in an effort to make financial accounting standards more widely accessible to stakeholders and the public.
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