The Fifth Circuit Court of Appeals on Monday granted a Justice Department motion to lift an injunction imposed by a district court ruling. Hours later, FinCEN announced, in light of the court decision, that the Jan. 1, 2025, reporting deadline was extended to Jan. 13 for most reporting companies.
Day: December 23, 2024
Phony tax forms nail accountant for mortgage fraud
A Washington, DC tax accountant pleaded guilty for submitting falsified documents in his application for a $1.4 million purchase loan, which he later received.
AICPA wants SEC to reject new PCAOB metrics
In a comment letter, the institute says the board’s new requirements could drive smaller auditing firms out of the market.
Aiwyn raises $113M in funding
The money will help it expand from payments and collections to a broader practice management platform, and to develop a tax solution.
Millions to get bigger Social Security checks if Biden signs new bill
Critics warn that the measure comes at the cost of pushing the fund further toward insolvency.
Art of Accounting: A template for hiring an experienced manager
Firms that hire experienced people do not usually get what they expect or are paying for.