News

As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.

The past few years have seen increasing debate among professional thought leaders over whether the 150-hour requirement has been detrimental to the profession.

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.

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.

Montana State University accounting students are providing free tax preparation assistance later this month.

Pertaining to the implementation of Senate Bill 54 (2023)(SB 54) and revisions to centrally assessed property rules

The Supreme Court on Thursday issued a stay of a nationwide injunction that banned enforcement of beneficial ownership information (BOI) reporting requirements, meaning the government can enforce the rules.

Modeled after the federal Low-Income Housing Tax Credit, the state credit in House Bill 21 aims to be one fix to the state’s persistent lack of housing and the high cost of existing homes.

Individuals and businesses owning business equipment (as of January 1, 2025) with an aggregate market value of more than $1 million statewide must report the equipment owned by March 1, 2025, to avoid a 20 percent penalty.

No, MTCPA does not oppose specific policies or funding decisions made by the state government, such as housing initiatives, adoption, or renewable energy efforts.

This article reviews these recent initiatives and finds reason to believe that progress is being made, even if much remains to be done.

On Dec. 31, 2024, the DOJ filed an emergency application with the Supreme Court to stay the district court injunction preventing enforcement of the CTA.

On December 26, 2024, the Fifth Circuit Court of Appeals vacated the stay on the BOI reporting injunction, effectively halting FinCEN's enforcement of reporting requirements. While filing remains voluntary for now, the situation beyond January 13, 2025, is uncertain.

On December 23, the Fifth Circuit Court granted FinCEN’s appeal to lift the injunction on BOI reporting.

The Helena School District is raising awareness about Montana’s Innovative Educational Program (IEP) Tax Credit.

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA's accompanying regulations.

The report ranks eight key competencies as well as 79 sub-competencies to help guide CPAs in their pursuit for senior corporate finance positions.

For the third year, the Governor has proclaimed November as Certified Public Accountants Month in Montana.

A focus on sustainability in academia seems to go a long way in helping younger students overcome the stereotype of isolated accountants crunching numbers.

The Montana Legislature has a new, interactive model to forecast impacts of a hypothetical sales tax in the state.