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The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves financial reporting and responds to investor input by requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements.
View MoreThe Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.
View MoreThe AICPA and state societies, including TSCPA, have designated November as Accounting Opportunities Month.
View MoreThe U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl and Hurricane Francine will receive an additional six months to submit beneficial ownership information (BOI) reports, including updates and corrections to prior reports.
View MoreThe Tennessee State Board of Accountancy (TSBOA) has announced that CPAs who live or work in Tennessee counties impacted by Hurricane Helene are eligible for an extension of time to complete renewal CPE requirements.
View MoreIn today’s business climate, accounting students and professionals at all experience levels are able to be more selective in their career and employment choices. To continue to attract and retain talented employees in the accounting profession, NPAG recommends that employers work to enhance the employee experience, taking into consideration several cultural and business model changes.
View MoreThe Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.
View MoreThe Governmental Accounting Standards Board (GASB) issued guidance today that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures.
View MoreOne of NPAG’s major recommendations is to expand access to the accounting profession for underrepresented minorities and groups.
View MoreThe Social Security Administration (SSA) recently announced that individual taxable earnings of up to $176,100 annually will be subject to Social Security tax in 2025.
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