AICPA Advocacy

TOPICS

March 14, 2024

Clearing up BOI confusion and other tax advocacy updates

An AICPA tax leader discusses March focus areas for advocacy and why it’s still “business as usual” for most companies filing beneficial ownership information reports.

March 12, 2024

Decision holding Corporate Transparency Act unconstitutional appealed

The U.S. Justice Department filed an appeal Monday challenging the district court’s decision that the law, which requires businesses to report beneficial ownership information, is unconstitutional.

March 5, 2024

Plaintiffs: FinCEN should pause all CTA enforcement

The plaintiffs who won a summary judgment that bars enforcement of the Corporate Transparency Act against them said the Financial Crimes Enforcement Network should pause beneficial ownership information reporting requirements for all businesses.

March 5, 2024

Federal court holds Corporate Transparency Act unconstitutional

While acknowledging that the law is well intentioned, the opinion from a U.S. district court in Alabama said Congress lacked authority to enact the business ownership information reporting requirement.

March 1, 2024

Q&A: Melancon warns of threats to CPA licensure

The CEO of AICPA & CIMA also addresses AI, private-equity investments in firms, and business model transformation.

February 23, 2024

Growing the profession: Insights from the AICPA chair’s travelogue

Okorie Ramsey is spanning the globe to help the world of accounting and finance reach its desired destination.

February 22, 2024

Sustainability reporting, assurance rates on the rise globally

While reporting levels remain high and overall assurance levels are increasing, the level of assurance in the United States conducted by CPA firms remains low.

February 8, 2024

Why accounting deserves STEM status, and how you can help

The practice of accounting is increasingly tied to technology, and that’s one reason the AICPA is advocating for accounting to be recognized federally as a STEM education field. Learn more in this podcast episode or written Q&A.

February 6, 2024

AICPA member insurer clarifies coverage for BOI work by accountants

CNA, which has policies with 25,000 AICPA member accounting firms, said in a statement last week that its professional liability policies generally will cover work services associated with the Corporate Transparency Act, which includes rules for BOI reporting.

January 26, 2024

Digital asset question added to more forms for 2023 tax returns

IRS adds a question about digital assets to forms covering partnerships, corporations, S corporations, and estates and trusts.

FROM THIS MONTH'S ISSUE

Cannabis dispensary denied ERC

The Court of Federal Claims held that Sec. 280E, which prohibits deductions and credits for businesses trafficking in controlled substances, applies to the employee retention credit (ERC), including its refundable portion, and denied a cannabis business’s claim for a refundable ERC.