News
BOI injunction lifted; FinCEN promises 30-day filing delay
February 18, 2025
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.
DOGE Targets IRS as Federal Judge Mulls Treasury Systems Dispute
February 18, 2025
Heading into Presidents’ Day weekend, Elon Musk and his Department of Government Efficiency (DOGE) turned their attention toward the IRS, drawing pushback from Democrats while a federal judge considered whether to allow the controversial team access to sensitive Treasury data.
12 Urgent Financial Action Steps for Nonprofits: A 2025 Checklist
February 12, 2025
Many nonprofits, of course, did what they always do in such situations — laying quick groundwork to explore the full range of their possible choices for delivering on mission even when it appeared that a good part of their funding bases might be disrupted and maybe even eliminated virtually overnight.
Breaking up is hard to do: Tariffs & trade wars
February 10, 2025
The outlook for economic growth is cooling.
MSU accounting students offer free tax help sessions in February and March
February 10, 2025
Montana State University accounting students are providing free tax preparation assistance later this month.
OMB's Temporary Pause on Federal Financial Assistance: Detailed Implications for CFOs
February 10, 2025
In a significant development affecting federal funding, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, directing a temporary suspension of obligations and disbursements of federal financial assistance.
Executive Actions and Their Impact on Charitable Nonprofits
February 07, 2025
Recorded webinar by the National Council of Nonprofits.
MAR Notice No. 2025-5.1
February 07, 2025
Pertaining to the implementation of Senate Bill 54 (2023)(SB 54) and revisions to centrally assessed property rules
Trump’s executive orders don’t impact clean energy tax incentives
February 06, 2025
President Trump’s second term has introduced uncertainty into the clean energy landscape, particularly regarding tax incentives and regulatory frameworks.
US Senate Intel members raise concern about DOGE privacy risks
February 06, 2025
A group of U.S. senators on the Senate Select Committee on Intelligence sent a letter Wednesday to the White House raising alarms about potential privacy and national security risks posed by the recently created Department of Government Efficiency.
Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know.
February 05, 2025
MoneyWatch Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know. moneywatch By Kate Gibson Edited By Aimee Picchi Updated on: February 5, 2025 / 2:44 PM EST / CBS News With Elon Musk's Department of Government Efficiency (DOGE) gaining control of the Treasury Department's payment system, consumer advocates and Democratic lawmakers are raising alarms about the group's access to the federal government's financial spigot, as well as sensitive data such as the Social Security numbers of most taxpayers.
Federal Assistance Updates and Next Steps
February 05, 2025
The new Administration has begun its new term with multiple Executive Orders (EO). Many of the Orders will have direct impact across various industries including infrastructure, foreign assistance, energy and environmental projects.
IRS delays resignation offer for critical tax season workers
February 05, 2025
IRS employees who work in "critical filing season positions" are exempt from the voluntary resignation program offered to federal government employees until May 15
The Potential Impact of Tariffs on the Economy and Your Portfolio
February 04, 2025
Given the rapidly changing nature of tariffs and surrounding market volatility, you may want to focus on risk management when managing your portfolio.
United States issues Executive Orders imposing additional tariffs on Canada, Mexico and China
February 03, 2025
President Trump is implementing 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China
Executive orders reshape tax landscape
January 24, 2025
President Donald Trump’s flurry of executive orders upon taking office sets the stage for significant tax action and could have an immediate impact on Pillar 2 implementation, energy credit projects, and IRS guidance.
Supreme Court lifts BOI injunction; filing timeline unclear
January 23, 2025
The Supreme Court on Thursday issued a stay of a nationwide injunction that banned enforcement of beneficial ownership information (BOI) reporting requirements, meaning the government can enforce the rules.
Montana workforce housing tax credit gets bipartisan support in House
January 16, 2025
Modeled after the federal Low-Income Housing Tax Credit, the state credit in House Bill 21 aims to be one fix to the state’s persistent lack of housing and the high cost of existing homes.
How to Succeed at Your First Job
January 13, 2025
Let’s dive into each skill/action and how you can use them in your day-to-day job to be able to be successful in your career.
Business Equipment Reporting Requirement
January 07, 2025
Individuals and businesses owning business equipment (as of January 1, 2025) with an aggregate market value of more than $1 million statewide must report the equipment owned by March 1, 2025, to avoid a 20 percent penalty.