News
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.
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.
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.
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
Supreme Court lifts BOI injunction; filing timeline unclear
January 23, 2025
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.
Montana workforce housing tax credit gets bipartisan support in House
January 16, 2025
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.
Business Equipment Reporting Requirement
January 07, 2025
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.
Does MTCPA really oppose "insert issue here"?
January 07, 2025
No, MTCPA does not oppose specific policies or funding decisions made by the state government, such as housing initiatives, adoption, or renewable energy efforts.
The 150-Hour Rule, Substantial Equivalency, and Mobility
January 06, 2025
This article reviews these recent initiatives and finds reason to believe that progress is being made, even if much remains to be done.
Supreme Court says plaintiffs must respond by Jan 10.
December 31, 2024
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.
Motion to stay BOI reporting injunction vacated; BOI reporting injunction resumes
December 26, 2024
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.
Lifted: Nationwide injunction halting the enforcement of BOI reporting — filing deadline is Jan. 1, 2025
December 23, 2024
On December 23, the Fifth Circuit Court granted FinCEN’s appeal to lift the injunction on BOI reporting.
Helena Public Schools Encourages Participation in Innovative Education Program Tax Credit
December 16, 2024
The Helena School District is raising awareness about Montana’s Innovative Educational Program (IEP) Tax Credit.
Nationwide injunction halts BOI reporting for now
December 05, 2024
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.
Research Reveals How You Can Secure a Senior Finance Role
November 20, 2024
The report ranks eight key competencies as well as 79 sub-competencies to help guide CPAs in their pursuit for senior corporate finance positions.
Governor’s Proclamation: November is Certified Public Accountants Month
November 04, 2024
For the third year, the Governor has proclaimed November as Certified Public Accountants Month in Montana.
Focusing on Accounting’s ‘Social Role’
October 31, 2024
A focus on sustainability in academia seems to go a long way in helping younger students overcome the stereotype of isolated accountants crunching numbers.
Legislature releases interactive model for a hypothetical statewide sales tax
October 10, 2024
The Montana Legislature has a new, interactive model to forecast impacts of a hypothetical sales tax in the state.