An Alabama federal court recently ruled that the Corporate Transparency Act violates the Constitution’s Commerce clause by requiring nearly all U.S. small businesses to report information about their beneficial owners to FinCEN. Read More
The private fund industry is undergoing drastic change. Recently, the SEC deepened its oversight of the sector, adopting new rules meant to increase visibility into how private fund investments are managed and performing. Read More
Generative artificial intelligence is reshaping the world of financial accounting, transforming how businesses approach digital strategy, gain insight and find solutions, but generative AI presents challenges on the path to opportunities. As organizations delve into this transformative technology, it’s important to consider all potential impacts and ensure that it’s used responsibly and effectively. Read More
The IRS's new Business Aircraft Campaign will focus on airplane usage by large corporations, large partnerships and high-income taxpayers, emphasizing the amount of business versus personal use, income reporting and fringe benefit inclusion. Read More
Everyone who files must check one box answering either "Yes" or "No" to the new digital asset question. It must be answered by all taxpayers, not just by those who engaged in a transaction involving digital assets in 2023. Read More
Discover how the University of Florida (UF) successfully achieved HITRUST certification for its advanced high-performance computing system, HiPerGator! Read More
In an era defined by rapid changes and complex challenges, the Institute of Internal Auditors (IIA) has once again set the stage for transformative practices within the internal audit profession. With the issuance of the Global Internal Audit Standards in... Read More
The University of Florida successfully achieved HITRUST certification for HiPerGator, their cutting-edge high-performance computing system. FD's specialized HITRUST approach not only enhanced their certification experience but also optimized outcomes, providing them with a robust security standard and compliance with HIPAA. Read More
These updated rules aim to establish conclusive presumptions for the worthlessness of debt instruments held by regulated financial entities, such as banks, financial institutions and insurance companies under federal or state regulatory supervision. Read More
The House successfully passed the $78 billion tax bill H.R. 7024. Notably, the bill reinstates the current year expensing of domestic research and experimentation costs. For companies investing in research and development, this tax break holds significant importance. Read More
