News
Montana’s 2024 Fiduciary Income Tax Changes: Key Updates for Tax Professionals
March 19, 2025
Montana’s 2024 tax season introduces significant updates to the fiduciary income tax return (Form FID-3) as part of the state’s tax simplification initiative.
State CPA Societies Nationwide Inspire Thousands of Students to Explore a Career in Accounting
March 16, 2025
In November 2024, thousands of CPA volunteers and high school students nationwide participated in presentations, activities and mentorship opportunities aimed at providing students a clear pathway to a rewarding profession.
Montana State accounting students helping people avoid fraud, digital scams
March 13, 2025
Last summer, when Montana State University graduate student Connor Green was spending time with family, he didn’t expect his grandfather to receive a phone call he’d still think about five months later.
Be the Voice of Montana’s Accounting Students - Apply to be the MTCPA Student Board Representative!
March 07, 2025
Want to make an impact on the future of accounting in Montana? Apply to be the MTCPA Student Board Representative!
Tax Simplification Changes Now in Effect for Montana
March 07, 2025
Taxpayers preparing their 2024 Montana tax return may be noticing the effect of Senate Bill 399 from the 2021 Legislature.
Budget Reconciliation: Tracking the 2025 Trump Tax Cuts
March 06, 2025
Outline of the revenue and economic effects of extending the expiring 2017 Tax Cuts and Jobs Act (TCJA), the policies President Trump called for in his joint address to Congress, and the House and Senate budget resolutions.
Treasury Department Will Not Enforce BOI Requirements for U.S. Small Businesses. Here's What to Know.
March 03, 2025
As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.
NASBA and the AICPA Propose an Alternative Path to CPA
March 01, 2025
The past few years have seen increasing debate among professional thought leaders over whether the 150-hour requirement has been detrimental to the profession.
Real-world insights inspire students to become accountants
February 20, 2025
You know a career in accounting is dynamic and can encompass business strategy, data analytics, sustainability reporting, audit and assurance and so much more. Yet, the number-loving stereotype of the accountant still lingers.
March 21 BOI reporting deadline set; further delay possible
February 19, 2025
Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings, the Financial Crimes Enforcement Network (FinCEN) said Wednesday.
BOI injunction lifted; FinCEN promises 30-day filing delay
February 18, 2025
A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be required.
DOGE Targets IRS as Federal Judge Mulls Treasury Systems Dispute
February 18, 2025
Heading into Presidents’ Day weekend, Elon Musk and his Department of Government Efficiency (DOGE) turned their attention toward the IRS, drawing pushback from Democrats while a federal judge considered whether to allow the controversial team access to sensitive Treasury data.
12 Urgent Financial Action Steps for Nonprofits: A 2025 Checklist
February 12, 2025
Many nonprofits, of course, did what they always do in such situations — laying quick groundwork to explore the full range of their possible choices for delivering on mission even when it appeared that a good part of their funding bases might be disrupted and maybe even eliminated virtually overnight.
Breaking up is hard to do: Tariffs & trade wars
February 10, 2025
The outlook for economic growth is cooling.
MSU accounting students offer free tax help sessions in February and March
February 10, 2025
Montana State University accounting students are providing free tax preparation assistance later this month.
OMB's Temporary Pause on Federal Financial Assistance: Detailed Implications for CFOs
February 10, 2025
In a significant development affecting federal funding, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, directing a temporary suspension of obligations and disbursements of federal financial assistance.
Executive Actions and Their Impact on Charitable Nonprofits
February 07, 2025
Recorded webinar by the National Council of Nonprofits.
MAR Notice No. 2025-5.1
February 07, 2025
Pertaining to the implementation of Senate Bill 54 (2023)(SB 54) and revisions to centrally assessed property rules
Trump’s executive orders don’t impact clean energy tax incentives
February 06, 2025
President Trump’s second term has introduced uncertainty into the clean energy landscape, particularly regarding tax incentives and regulatory frameworks.
US Senate Intel members raise concern about DOGE privacy risks
February 06, 2025
A group of U.S. senators on the Senate Select Committee on Intelligence sent a letter Wednesday to the White House raising alarms about potential privacy and national security risks posed by the recently created Department of Government Efficiency.