March 21, 2025
The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule exempting U.S. companies and persons from reporting beneficial ownership information (BOI), while requiring foreign entities registered to do business in the U.S. to report BOI under new deadlines. This rule redefines "reporting company" to include only foreign entities and exempts domestic entities from BOI reporting requirements.
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January 10, 2025
The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.
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April 2, 2024
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time to file their federal income tax return electronically and request direct deposit.
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February 23, 2024
The IRS recently announced nearly 250 IRS Taxpayer Assistance Centers around the country will extend their weekly office hours to give taxpayers additional time to get the help they need during the filing season.
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December 13, 2023
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement recovery efforts in the areas affected by severe storms and tornadoes on Dec. 9, 2023.
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July 24, 2023
Tennessee's traditional sales tax holiday on clothing, school supplies and computers, as well as the state’s new sales tax holiday on food and food ingredients, begin on July 28 and Aug. 1, respectively.
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July 17, 2023
The IRS recently reminded individuals and businesses in parts of four states, including Tennessee, that their 2022 federal income tax returns and tax payments are due on Monday, July 31, 2023.
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July 3, 2023
The IRS recently warned taxpayers to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.
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April 11, 2023
Tennessee counties affected by the March 31 and April 1 severe storms (Cannon, Hardeman, Hardin, Haywood, Lewis, Macon, McNairy, Rutherford, Tipton and Wayne) have received tax deadline extensions to July 31, 2023, from the IRS for various federal deadlines and the Tennessee Department of Revenue for the franchise and excise deadline.
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February 21, 2023
Black History Month is an important opportunity for us to celebrate the significant contributions and achievements of Black Americans throughout our history, including Black Americans that have been trailblazers in the accounting profession.
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