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.

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.

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.

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.

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.

The outlook for economic growth is cooling.

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

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.

Recorded webinar by the National Council of Nonprofits.

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

President Trump’s second term has introduced uncertainty into the clean energy landscape, particularly regarding tax incentives and regulatory frameworks.

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.

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.