Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Small Business March 3, 2025
Tariffs on Canada, Mexico and China Slated to Begin on March 4
President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to reshape the US economy, tap new revenues and upend ties with the biggest US trading partners.
Small Business March 2, 2025
Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act
The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Small Business February 28, 2025
Avalara Announces Integration for Salesforce Revenue Cloud on Salesforce AppExchange
Avalara, Inc., a provider of tax compliance automation software, has released its updated connector for Salesforce’s Revenue Cloud, now available on Salesforce AppExchange, a leading enterprise cloud marketplace.
Accounting February 28, 2025
How to Identify Growth Opportunities in Lease Accounting
Lease accountants have the power and intelligence to massively impact their organization’s portfolios. But are they doing it? Are their clients or the businesses they work for utilizing their expertise?
Small Business February 28, 2025
FinCEN Extends BOI Reporting Deadline … Again, Pauses Enforcement
The March 21 BOI reporting deadline is no longer in effect, and no fines, penalties, and enforcement actions will be taken until a forthcoming interim final rule from FinCEN becomes effective and sets a new BOI filing due date.
Taxes February 28, 2025
Farmers and Fishermen Face March 3 IRS Deadline
Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.
Accounting February 27, 2025
CFPB Nominee Promises to Keep Agency Open but Downsize It
Democrats on the Senate Banking Committee pressed McKernan in his confirmation hearing about how he would lead the regulator given that Trump and his billionaire special adviser Elon Musk have called for eliminating it.
Small Business February 27, 2025
National Weather Service, NOAA Layoffs Hit Hundreds of Federal Workers
Hundreds of National Oceanic and Atmospheric Administration and National Weather Service employees were laid off Thursday in the latest round of federal workforce cuts under President Donald Trump’s administration.
Accounting February 27, 2025
GASB Says Fair Value Standard Achieved Objectives
A post-implementation review report released on Feb. 26 concluded the Governmental Accounting Standards Board's fair value measurement standard—Statement No. 72, Fair Value Measurement and Application—has met its objectives.
Auditing February 27, 2025
PCAOB Quizzes Auditors on New Confirmation Standard
This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.
Mergers and Acquisitions February 27, 2025
Baker Tilly Set to Buy Hayflich CPAs in West Virginia
The top 10 accounting firm is planning to expand its presence in the Mid-Atlantic region saying Thursday it's intending to acquire Huntington, WV-based Hayflich CPAs.
Auditing February 27, 2025
Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB
Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.