March 5, 2025
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies(March 2, 2025) The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the... read more
February 19, 2025
BOI Injunction Lifted; FinCEN Promises 30-Day Filing DelayA federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be... read more
December 5, 2024
The Georgia Society of CPAs Co-signs Letter To FinCEN and Treasury on BOI DelayThe Georgia Society of CPAs, other state CPA societies, and the AICPA recently co-signed a letter to the Financial Crimes Enforcement Network (FinCEN) and specifically Secretary Janet Yellen and Director Andrea Gacki urging a one-year delay in... read more
October 29, 2024
Georgia’s PEACH Education Tax Credit and Support for LiteracyFor far too long, the state of Georgia has struggled to break the cycle of generational low literacy. Today, an estimated one million Georgians lack basic literacy skills. When compared with other states, Georgia ranks in the 40th percentile of... read more
October 22, 2024
IRS Help Available To Victims of Hurricanes Helene and Milton; May 1 Deadline Now Applies To Individuals and BusinessesIR-2024-266, Oct. 11, 2024 WASHINGTON — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the... read more
October 2, 2024
IRS Provides Relief for Helene for All of Georgia; Various Deadlines Postponed to May 1, 2025WASHINGTON — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of... read more
September 27, 2024
Hurricane Tax Relief Update for Georgia CPAsEver wonder what the process is to qualify a Natural Disaster for Tax Relief? The Georgia Society of CPAs (GSCPA) has you covered! This infographic walks you step by step through the process. GSCPA actively advocates for relief from both state... read more
