President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax Cuts and Jobs Act (TCJA), as well as incorporate some of Trump’s tax-related campaign promises. […]

There is a lot of press about generative artificial intelligence (GenAI) and a subset called large language models (LLM). As someone who makes a living in public accounting, I find this topic very interesting. I lived through the changes that paperless audits, mobile devices and the internet brought to the profession. My first audit room […]

To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance meeting them. January 31 Businesses: Provide Form 1098, Form […]

The 2017 Tax Cuts and Jobs Act (TCJA) resulted in many favorable (and a few unfavorable) tax law changes. Most of the changes related to individual taxpayers are set to expire at the end of 2025. What does this mean for taxpayers? While it is expected that a new tax bill will be passed in […]

At a time when technological advancements are reshaping every industry, the accounting field is no exception. I began my career in 2021. You may think, “How much could change in three years in a profession like public accounting?” With automation and other new technology tools, the answer is almost everything. Technology’s Impact on the Accounting […]

In a surprising turn of events, a federal appeals court has issued another ruling that suspends a requirement for businesses to file reports about their beneficial ownership information (BOI). This came just days after the same court issued a ruling that resulted in the federal government announcing that millions of small businesses did have to […]

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has extended the deadline for many small businesses to file beneficial ownership information (BOI) reports to January 13, 2025. This comes after a federal appeals court recently granted a motion to lift an injunction put in place by a district court ruling. How We Got Here Under […]

 Watch our interview with Partner Katie Deutschler as she discusses how a strong internal control environment can help protect your company’s future.

New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025, have been suspended nationwide under a new court ruling. However, businesses can still voluntarily submit BOI reports, according to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). How we got here Under the Corporate Transparency […]

Many service organizations can become overwhelmed by the various security-related compliance requests from their customers. A service organization may consider adopting a new framework to maintain continued credibility, gain new market share or stem the volume of compliance-related requests. The good news is that many frameworks have overlapping control objectives and requirements. However, most service […]