Neil Amato

2 months ago | idcpa.org | Martha Waggoner |Neil Amato

By Martha Waggoner and Neil Amato, for Journal of Accountancy Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings, the Financial Crimes Enforcement Network (FinCEN) said Wednesday. The Monday court order in Samantha Smith and Robert Means v.

2 months ago | journalofaccountancy.com | Neil Amato

A 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 required. The order, in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25), granted a Department of Justice (DOJ) request for a stay of the court's nationwide injunction. The order was signed Monday.

Jan 17, 2025 | journalofaccountancy.com | Neil Amato

IRS Commissioner Danny Werfel announced Friday that he would resign. Werfel, appointed to the role in early 2023, had two years left on his term. He said in a message to employees: "After significant introspection and consultation with others, I've determined the best way to support a successful transition is to depart the IRS on January 20, 2025."One highlight of Werfel's stint was the enhancement of digital offerings by the IRS.

Nov 15, 2024 | fm-magazine.com | Neil Amato

A new initiative to celebrate and honour women who are experienced and emerging leaders in the profession was announced Thursday by AICPA & CIMA, which operate together as the Association of International Certified Professional Accountants. The Global Women to Watch recognition is designed to "amplify the global voices" of women who are making significant contributions to the accounting profession, according to a news release.

May 22, 2024 | journalofaccountancy.com | Neil Amato

Barry Melancon, CPA, CGMA, who guided the accounting profession in the United States into the digital age and led the transformation of the AICPA and CIMA into the world's largest accounting membership body, announced Wednesday that he is retiring at the end of this year. Melancon, the longest-serving CEO in AICPA history, will be remembered for promoting the value of the profession to the business world and for reshaping and uplifting the image of accountants.