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FinCEN Starts Accepting Beneficial Ownership Reports Under Corporate Transparency Law
Trusted Professional
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) started accepting beneficial ownership…
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SBA to Reverse Course and Resume Collection of Some Past-Due COVID-Related Loans
Trusted Professional
The Biden Administration has reversed its previously announced policy of not collecting some past-due COVID-19-era loans,…
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Regulatory Roundup: December 19-January 2
Regulatory Roundup
AICPA NASBA and AICPA Approve Revisions to Continuing Professional Education StandardsDec 20, 2023 AICPA Announces 2023…
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CFOs Prepare for Uncertainty as They Outline Their Priorities for 2024
The Trusted Professional
The past year ended with good news about the stock market and the economy in general, as well as enthusiasm for new…
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FASB to Move Ahead on Projects in 2024
Accounting
The Financial Accounting Standards Board (FASB) will move ahead with a number of projects in 2024, including accounting for…
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Conference Speaker Discusses Tax Implications of Working from Home
Taxation
Mark S. Klein, chair of law firm Hodgson Russ LLP, led a discussion on the tax implications of a global workforce, including…
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FASB Rules Out Changes to HTM Securities Standards
Accounting
Despite a string of bank failures in 2023, the Financial Accounting Standards Board (FASB) has decided not to make changes to…
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IRS Announces Voluntary Disclosure Program for Businesses that Received Refunds for Erroneous ERC Claims
Taxation
The IRS is fulfilling its pledge to help businesses that received and deposited refunds after filing erroneous Employee…
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IRS Commissioner Warns Taxpayers Not to Fall Prey to Tax Debt Settlement 'Mills'
Taxation
The IRS recently announced that it is waiving nearly $1 billion in late-payment penalties for many taxpayers who were not…
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