FinCEN Says It Won’t Enforce Corporate Transparency Act Deadline
Treasury’s Financial Crimes Enforcement Network (FinCEN) announced February 27 that it would not take any actions to enforce the upcoming beneficial ownership …
Debate Ramps Up on Tax Cut Permanency
Now that the House has made a move toward extending expiring provisions of the Tax Cuts and Jobs Act (TCJA, …
PCAOB Enforcement Higher During Biden Years Than Trump’s First Term – Report
In a new report, Cornerstone Research said Public Company Accounting Oversight Board (PCAOB) enforcement activities were higher during the Biden …
Attempt to Overturn Digital Asset Broker Regs Clears First Hurdle
A joint resolution for disapproval of a Biden-era final rule on digital asset broker gross proceeds reporting requirements advanced out …
Trump, Commerce Secretary Discuss ‘Gold Card’ Program to Revamp EB-5 Visa Process in First Cabinet Meeting
During a question and answer session at President Donald Trump’s first cabinet meeting on February 26, the 47th President engaged …
AICPA Keeps SAB 121 in Digital Assets Practice Aid For Now
The SEC’s Office of the Chief Accountant (OCA) last month withdrew its much-criticized Staff Accounting Bulletin (SAB) No. 121 on …
IRS Provides Guidance on Alternative Manner of ACA Reporting
Notice 2025-15 The IRS has released Notice 2025-15, which provides guidance on the Paperwork Burden Reduction Act provisions on how …
SEC Acting Chair Asks Staff to Recommend Rule Changes to Help Smaller Companies Raise Capital
Securities and Exchange Commission (SEC) Acting Chair Mark Uyeda on February 25, 2025, told members of the Small Business Capital …
ABA Expert Advice on New Client Intake
Whether a tax professional is working at a Low-Income Taxpayer Clinic (LITC) or in a private firm, there are best …
New Jersey Looks to Codify Corporation Business Tax Nexus Standards
By David Engel The New Jersey Division of Taxation has proposed codifying its corporation business tax nexus standards in regulation …