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Over the last two years, I shared a bold prediction in two articles in this journal.1,2 I warned about a growing threat of “stagflation,” which is the combination of slow economic growth and inflation occurring at the same time.
View MoreThe Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) to provide accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
View MoreThe boards of directors of the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) have approved expansion of accountancy’s model legislation to include an additional path to CPA licensure.
View MoreThe Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations.
View MoreEffective July 1, 2025, Public Chapter 396 (2025) requires every professional bail bondsman licensed to do business in this state to file a quarterly report with the Department of Revenue (the “Department”).
View MorePublic Chapter 364 (2025), effective July 1, 2025, subjects the first 30 days of occupancy in a short-term rental unit to the local occupancy tax, regardless of the overall length of stay.
View MoreEffective July 1, 2025, vapor products are subject to the tobacco tax at the rate of 10% of the wholesale cost price.
View MoreThe IRS recently announced that the maximum contribution amounts for health savings accounts (HSAs) and certain related benchmarks will be slightly higher in 2026.
View MoreThe U.S. Department of the Treasury and the IRS recently announced the intent to remove basis-shifting transaction-of-interest (TOI) regulations.
View MoreAs a result of the severe storms, straight-line winds, tornadoes, and flooding that began on April 2, 2025, the Federal Emergency Management Agency issued a disaster declaration for the entire state of Tennessee.
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