FinCEN official says the reports “track more closely” with businesses created in 2024, which have a tighter deadline to file than businesses created earlier.
Day: November 8, 2024
Report calls for fair value accounting on federal loans
A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn’t using fair value accounting.
Taxpayer Advocate criticizes IRS move to shorten notice requirements
Erin Collins is objecting to proposed regs that would enable the IRS to shorten its third-party notice requirements from 45 days to as little as 10.
PCAOB revokes Chinese firm’s registration
The Public Company Accounting Oversight Board sanctioned JTC Fair Song for repeatedly violating rules and failing to cooperate with investigators.
Keeping an eye on DEI
As the conversation around diversity, equity and inclusion evolves, firms find themselves in a complex dance where the music occasionally skips a beat.
Trump plans to dismantle Biden’s climate law. It won’t be easy
Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.