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Emma Slack-Jorgensen
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Treasury, IRS Propose Regulations Updating Rules for Tax Professionals
Taxation
The Treasury Department and the IRS issued proposed regulations, which were published in the Federal Register on Dec.…
Read More
FinCEN Extends to Jan. 13 Most BOI Deadlines as Federal Court Lifts CTA Injunction
The Trusted Professional
According to an alert from the Treasury Department's Financial Crimes Enforcement Network (FinCEN), given the Dec. 23 2024…
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AICPA Letter Asks the SEC to Reject PCAOB Final Rules on Firm and Engagement Metrics
Accounting
The AICPA on Dec. 19 sent a comment letter to the Securities and Exchange Commission (SEC) against the Public Company…
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Bill to Prevent Government Shutdown Did Not Include BOI Reporting Deadline Extension
Accounting
According to the Journal of Accountancy, the bill that was passed on the night of Dec. 20 to prevent a federal government…
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FASB Solicits Comments on Accounting for Intangibles
The Trusted Professional
On Dec. 19, the Financial Accounting Standards Board (FASB) published an Invitation to Comment (ITC) offering…
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GAO: Opportunities Exist to Expand Access to IRS' Direct File Service
Taxation
In a December 2024 report, the Government Accountability Office (GAO) said that the opportunities exist to expand access to…
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IRS Increases Standard Mileage Rate for Automobiles Used for Business Next Year
Taxation
The IRS on Dec.19 stated that the optional standard mileage rate for automobiles that are driven for business will…
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SEC Approves PCAOB's 2025 Budget and Accounting Support Fee
Accounting
The Securities and Exchange Commission (SEC) voted on Dec. 18 to approve the Public Company Accounting Oversight Board's…
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FASB Seeks Input on Proposed Updates to Environmental Credits
Accounting
The Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) on Dec. 17. This…
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