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The U.S. Small Business Administration recently issued a procedural notice detailing a new process that Paycheck Protection Program borrowers who received partial loan forgiveness can use to appeal their lender's decision.
View MoreThe Tennessee Department of Revenue recently extended the franchise and excise tax filing and payment deadlines to May 16, 2022, for four additional counties impacted by severe weather on Dec. 10-11, 2021.
View MoreA group of lawmakers recently introduced bipartisan legislation to create a framework for taxing purchases made with cryptocurrency.
View MoreThe IRS recently announced that it is reassigning employees who used to process tax returns and related paperwork back to their old jobs for the next eight months to help address the agency’s backlog that began during the start of the pandemic.
View MoreThe Office of Management and Budget recently released 2021 Compliance Supplement Addendum 2, which addresses single audit requirements for seven government programs.
View MoreTennessee Society of Certified Public Accountants applauds the five members of the Tennessee Congressional delegation who joined many of their colleagues in signing bipartisan letters to the Treasury Department urging it to improve this year’s tax filing season process.
View MoreThe Public Company Accounting Oversight Board recently announced the creation of two new advisory groups, the Investor Advisory Group and the Standards and Emerging Issues Advisory Group.
View MoreThe IRS recently issued Rev. Proc. 2022-14, updating the list of accounting method changes that are available automatically.
View MoreThe IRS recently released 2021 filing season frequently asked questions on the expanded Child Tax Credit to assist taxpayers in preparing their tax year 2021 tax returns.
View MoreThe IRS is advising taxpayers to look to their IRS Online Account for the most up-to-date amounts of the advance Child Tax Credit to include on their tax returns instead of the amounts in the letters it has been sending.
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