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The FTC's amended Safeguards Rule defines a "financial institution" as any business that engages in financial activity, meaning CPA and accounting firms must comply with the new laws.
As part of a larger effort to protect small businesses and organizations from scams, the IRS announced the details of a special withdrawal process to help those who filed an ERC claim and are concerned about its accuracy.
Alongside CEAO Jason Harrell, Henderson will serve as part of the FICPA’s in-house lobby team and will assist in all aspects of promoting and advancing FICPA’s legislative priorities and further strengthening the Institute’s relationships with legislators and their staff.
Several Committees met Tuesday and Wednesday, and your FICPA Advocacy Team monitored two meetings of interest to the profession – the Senate Committee on Banking and Insurance, and the Senate Appropriations Committee.
The AICPA on Thursday submitted a letter to the Treasury, the IRS and Congress requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on Oct. 1.
Rep. Greg Steube is still "pushing" to advance his Hurricane Ian relief bill, as Sen. Rick Scott and Rep. Kat Cammack have introduced legislation to assist Floridians impacted by Idalia.
On each Friday of an Interim Committee Week and every Friday during the 2024 Legislative Session, our FICPA Governmental Affairs team will provide legislative briefs focused on our activities at the Florida Capitol in Tallahassee.
With the IRS suspending the processing of new ERC claims, the AICPA's Tax Section Odyssey podcast is here to offer guidance on what's already happened and what comes next.
The Internal Revenue Service on Thursday announced an immediate moratorium through at least the end of the year on processing new Employee Retention Credit claims to protect honest small business owners from scams.
On Friday, the Florida Board of Accountancy (BOA) approved extending the validity of CPA exam scores from 18 months to 30 months. The rulemaking process will begin now with the goal of an effective date of Jan. 1, 2024.