2023 Legislative Update
From January through late spring, the Tennessee Society of CPAs and its lobbying team works with the Tennessee General Assembly to ensure the Legislature’s work aligns with our industry’s priorities.
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All Featured (76) For the Public (148) Tax News (462) Accounting & Auditing (222) Business & Industry News (128) Regulatory News (112) Legislative News (50) Chapter News (35) Young CPAs (73) Students (97) TSCPA Press Releases (72)Showing : 391–400 of 1120
Changes
Fifty years ago, in January 1972, the late David Bowie released the single “Changes” from the album “Hunky Dory."
View MoreWeb3 – What To Know
Web3 is the new era of the World Wide Web. So, for Web3 – what is essential to know?
View MoreWith SEC Regulation Just Around the Corner, Accountants and Auditors Must Be Ready for ESG Reporting
The ESG movement is in full swing. Companies across industries now recognize that acting on and planning for environmental, social and governance (ESG) issues is an integral part of doing business in today’s economy.
View MoreIRS Clarifies Required Minimum Distribution Reporting
The IRS recently issued Notice 2023-23, providing clarification to financial institutions on changes to reporting for required minimum distributions due to the SECURE 2.0 Act.
View MoreAICPA Issues New Standard on Group Audits
As part of its efforts to converge its standards with those of the International Auditing and Assurance Standards Board, the AICPA Auditing Standards Board recently issued Statement on Auditing Standards No. 149, providing a risk-based approach to group audits.
View MoreIRS Office of Professional Responsibility Provides Guidance on ERC Claims
In response to requests from tax practitioners, the IRS Office of Professional Responsibility recently issued guidance on practitioners’ professional responsibility obligations in connection with clients’ Employee Retention Credit claims, including prior federal tax returns claiming the ERC that the practitioners did not themselves prepare.
View MoreTennessee Department of Revenue Updates Various Tax Manuals
The Tennessee Department of Revenue recently updated various tax manuals and released a brief overview of the substantive updates.
View MoreRisk Management Considerations for Firms Contemplating Outsourcing
Outsourcing is a hot topic right now for the profession as CPA firms struggle with staffing constraints.
View MoreIRS Extends Lookback Period for Refund Claims Related to Pandemic
The IRS recently issued Notice 2023-21 to extend the lookback period for refund claims for tax returns with due dates that were postponed due to the pandemic.
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