The deadline for most reporting companies to file beneficial ownership information (BOI) reports was extended to Jan. 13, 2025, by the Financial Crimes Enforcement Network (FinCEN), hours after a ...

Treasury and the IRS on Friday proposed regulations to update the rules that govern practice before the IRS. These rules are contained in Treasury Circular 230, Regulations Governing Practice Before ...

Congress did not include a delay to the beneficial ownership information reporting requirement in its government funding bill. The AICPA has been advocating for a delay.

The December webcast also included updates on the AICPA Accounting Standards Review Committee’s preparation standards exposure draft and on recent FASB news.

An AICPA comment letter sent Thursday asked the SEC to not approve PCAOB final rules related to firm and engagement metrics and firm reporting. "We believe the recently adopted PCAOB rules will pose ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024. The increased rate is ...

Barry Melancon makes an impression when he talks. He honed the skill to grasp big concepts, recall details, and communicate them with poise at the dinner table growing up as the youngest member of a ...

The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving ...

The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.