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MoneyWatch Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know. moneywatch By Kate Gibson Edited By Aimee Picchi Updated on: February 5, 2025 / 2:44 PM EST / CBS News With Elon Musk's Department of Government Efficiency (DOGE) gaining control of the Treasury Department's payment system, consumer advocates and Democratic lawmakers are raising alarms about the group's access to the federal government's financial spigot, as well as sensitive data such as the Social Security numbers of most taxpayers.

The new Administration has begun its new term with multiple Executive Orders (EO). Many of the Orders will have direct impact across various industries including infrastructure, foreign assistance, energy and environmental projects.

IRS employees who work in "critical filing season positions" are exempt from the voluntary resignation program offered to federal government employees until May 15

Given the rapidly changing nature of tariffs and surrounding market volatility, you may want to focus on risk management when managing your portfolio.

President Trump is implementing 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China

President Donald Trump’s flurry of executive orders upon taking office sets the stage for significant tax action and could have an immediate impact on Pillar 2 implementation, energy credit projects, and IRS guidance.

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.

Let’s dive into each skill/action and how you can use them in your day-to-day job to be able to be successful in your career.

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.

The landscape of accounting education is continually evolving and one of the most significant catalysts for this change is having the instructor teaching an introduction to accounting class be an individual with professional experience.

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.