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Quickly clean data with Excel’s TRIMRANGE and trim references
The TRIMRANGE function eliminates blank rows or columns from the boundaries of a specified range. This can be helpful when importing data from external sources, which can result in inconsistent formatting.
Accounting automation’s intelligent future
Unlike robotic process automation, intelligent process automation has advanced AI that can assist with judgments previously only CPAs could handle.
Building a better CPA firm: Getting governance right
One firm’s example shows what’s important to consider when firms transform their governance models.
Tax provisions in the One Big Beautiful Bill Act
The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.
Tips for providing the CAS services clients want
Client advisory services could help your firm attract and retain clients. Here’s how to ensure you have the right focus, people, and technology.
AICPA makes recommendation for updated Form 8971 instructions
In a letter to the IRS, the AICPA recommended that the agency provide further guidance in two areas of new instructions for Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent.
Overcoming ‘the creep’ that puts our dreams and goals on hold
Four years wiser and still checking off items on the ultimate bucket list, the AICPA & CIMA ENGAGE 25 keynote speaker returns to the Journal of Accountancy podcast with reminders to avoid “getting buried by the day-to-day.” Listen to the episode or read the Q&A.
Business advocacy group seeks destruction of millions of BOI records
The National Federation of Independent Business said in a letter to Treasury Secretary Scott Bessent that millions of beneficial ownership information (BOI) reports filed by domestic companies before the government dropped the BOI requirement should be destroyed.
A&A Focus recap: PCC credit loss relief, federal funding freeze impact, and EBP audit updates
The April A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts.
Employee ownership and taxes: Why firms are choosing ESOPs
Converting to an employee stock ownership plan offers firms tax benefits and an alternative to private equity.
What to know when your client is considering employee ownership
Accountants who advise clients interested in employee ownership plans need to be aware of the pros and cons of different models.
BOI reporting changes don’t affect CTA’s constitutionality, filing says
In a brief filed in the Eleventh Circuit, the federal government said the move to remove the beneficial ownership filing requirement for domestic companies does not affect the constitutionality of the Corporate Transparency Act.
BOI filing requirements for US companies, persons removed
FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.
AICPA applauds Treasury’s suspension of BOI enforcement
A statement Thursday praised Treasury for ” reducing regulatory burden on businesses” and said the “AICPA remains committed to appropriate anti-money laundering policies.
Treasury says it won’t enforce BOI fines or penalties against U.S. citizens, businesses
A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting companies only.
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”
Defining the office in 2025: Shifting models of where work gets done
A leading accounting consultant explains the reasons for a disconnect between some managers and employees when it comes to work location. Listen to the episode or read the Q&A with Jennifer Wilson.
March 21 BOI reporting deadline set; further delay possible
A FinCEN alert said it would provide an update before “any further modification” of the reporting deadline, “recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.”
BOI reporting deadline extension passes US House
The bill, which provides a deadline of Jan. 1, 2026, for an estimated 32 million small businesses to file beneficial ownership information reports, comes as the BOI requirements are mired in court cases.
BOI penalties increase while reporting rules remain on hold
The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.
