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The Governmental Accounting Standards Board recently issued a Concepts Statement to guide the Board when establishing note disclosure requirements for state and local governments.
View MoreThe Tennessee Department of Revenue has posted 2022 legislative summaries to its website.
View MoreThe Tennessee Department of Revenue is reminding taxpayers that the General Assembly approved two additional one-time sales tax holidays this year, in addition to the traditional sales tax holiday that takes place each year at the end of July.
View MoreThe Governmental Accounting Standards Board recently issued a proposal that would require governments to disclose information about certain risks they face that could affect the level of services they are able to provide or their ability to meet obligations as they come due.
View MoreThe Financial Accounting Standards Board recently issued Accounting Standards Update 2022-03, intended to improve financial reporting for investors and other financial statement users by increasing comparability of financial information across reporting entities that have investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities.
View MoreThe PCAOB recently released its Staff Overview for Planned 2022 Inspections, emphasizing 10 areas of focus.
View MoreAs part of efforts to improve its authentication procedures, the IRS recently announced it will be mandating a new electronic fingerprinting process for e-file applications for tax practitioners starting Sept. 25.
View MoreThe IRS recently announced it has prescribed tax rates for taxable substances that are subject to the Superfund chemical excise tax.
View MoreThe IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-130975-08, providing guidance on the use of present-value principles in determining the amount deductible by an estate of certain expenses and claims against the estate under Sec. 2053 of the Internal Revenue Code.
View MoreThe Tennessee Society of CPAs recently announced the election of its 2022-23 West Tennessee Chapter officers.
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