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A federal appeals court on Thursday, Dec. 26, reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements.

The SEC voted Wednesday, Dec. 18, to approve the Public Company Accounting Oversight Board’s 2025 budget and the related annual accounting support fee.

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven in 2025, up 3 cents from 2024.

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports.

The IRS announced the expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan.

Hours after a Monday court ruling reinstated the beneficial ownership information (BOI) reporting requirement, FinCEN extended the deadline for most reporting companies.

The initial deadline for companies to file beneficial ownership information (BOI) reports was reinstated Monday, Dec. 23, by an appellate court's emergency stay of an injunction pending appeal.

A new FASB proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.

Final regulations from the IRS amend the definition of “coverage month” and certain other rules in existing income tax regulations regarding the computation of a taxpayer’s premium tax credit.

The Federal Reserve lowered its benchmark interest rate by a quarter percentage point to a range of 4.25%-4.5%, but policymakers signaled caution about additional rate cuts next year.