Alabama Federal Judge Rules Corporate Transparency Act (CTA) Unconstitutional, Enforcement Halted

In a ruling that came as a blow to regulatory bodies, the Federal District Court in Alabama has put a stop to the enforcement of the Corporate Transparency Act (CTA). The law, which came into force on January 1, 2024, has been at the forefront of the U.S. government’s battle against money laundering. The CTA is designed to stop money laundering through increased transparency by creating a beneficial ownership database with reporting requirements that disclose beneficial owners of certain U.S. companies and non-U.S. companies doing business in the U.S.   This past Friday evening, March 1, 2024, a Federal

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Accounting For Crypto Assets

Accounting For Crypto Assets  In late December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-08, titled “Accounting for and Disclosure of Crypto Assets.” This eagerly anticipated update aims to refine the accounting treatment of crypto assets under U.S. Generally Accepted Accounting Principles (GAAP), aligning it more closely with the economic realities of these digital assets. Crypto assets, also referred to as digital assets, are representations of value or rights that can be electronically transferred or stored using blockchain or similar distributed ledger technology. Unlike traditional assets, crypto assets lack tangible physical form. While Bitcoin

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46th Annual Fairfax County Valor Awards

The Fairfax County Valor Awards recognize the remarkable achievements in service of our community’s dedicated first responders. MillerMusmar CPAs is Proudly Sponsoring the 46th Annual Fairfax County Valor Awards hosted by The Greater Reston Chamber of Commerce. We are thrilled to announce that MillerMusmar CPAs is honored to be a sponsor of the prestigious 46th Annual Fairfax County Valor Awards, hosted by The Greater Reston Chamber of Commerce. This event celebrates the extraordinary bravery and selflessness of Fairfax County’s first responders and public safety personnel. Taking place on Thursday, April 11, 2024, this year’s Valor Awards promises to be

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BENEFICIAL OWNERSHIP REPORTING

BENEFICIAL OWNERSHIP REPORTING Nearly All Small Businesses Must File a Report Discover the critical implications of the Corporate Transparency Act (CTA) and its profound impact on businesses in the United States. Enacted in conjunction with the 2021 National Defense Authorization Act, the CTA addresses money laundering concerns by necessitating reporting companies to disclose essential information about their beneficial owners and company applicants to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). Failure to comply with the CTA can lead to severe penalties, including fines and imprisonment. As of January 1, 2024, numerous companies, potentially including MillerMusmar CPAs clients, are

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12th Annual NoVA B2G Matchmaking Conference & Small Business EXPO

Reston, Virginia – MillerMusamr, is proud to be a Platinum Sponsor of the 12th Annual NoVA B2G Matchmaking Conference & Small Business EXPO organized by the Greater Reston Chamber of Commerce The premier business-to-government event taking place outside of the Capital Beltway is on Thursday, May 2, 2024! The event will include matchmaking, educational breakout sessions, an Expo Hall, and innovative keynotes – all in one place! You’ll have the opportunity to schedule one-on-one matchmaking meetings with federal, state and local agencies, and prime contractors.  Be sure to visit the Small Business EXPO showcasing services uniquely geared towards helping government contractors succeed. Government and industry speakers will

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MillerMusmar CPAs is proud to be Platinum Sponsor of Titans of the Toll Road

MillerMusmar CPAs is proud to be a Platinum Sponsor of Titans of the Toll Road: The Future of Work – How A.I. Will Change Everything Join us for the Titans of the Toll Road event, hosted by the Innovation Council of the Greater Reston Chamber of Commerce. Discover how artificial intelligence (AI) is transforming the way we work and the tasks it’s taking over that were once our responsibility. Meanwhile, AI is creating new opportunities for both businesses and workers. During this panel discussion, industry experts from Google, Leidos, ICF Consulting, and ManTech will discuss the future of work

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2023 AASHTO Committee on Internal & External Audit Meeting

MillerMusmar CPAs Empowers Knowledge and Collaboration as the Knowledge Sponsor for AASHTO 2023 Committee on Internal and External Audit Annual Meeting August 14, 2023 — MillerMusmar CPAs, a prominent name in the world of accounting and financial expertise, is excited to announce its pivotal role as the Knowledge Sponsor for the highly anticipated AASHTO 2023 Committee on Internal and External Audit Annual Meeting. This annual gathering promises to be a hub of networking, knowledge exchange, and innovative ideas. Joey Musmar, Managing Partner at MillerMusmar CPAs, will be one of the distinguished speakers to share invaluable insights and expertise in the

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Awards for Chamber Excellence (ACE)

  We are delighted to announce that MillerMusmar CPAs had the distinct honor of being the Executive Sponsor of the prestigious Awards for Chamber Excellence (ACE) event organized by the Greater Reston Chamber of Commerce on Thursday, June 8. As the Executive Sponsor, we were proud to support an event that celebrated excellence, innovation, and Chamber support within the Reston business community. The ACE Luncheon was an exceptional occasion where the Chamber had the opportunity to recognize and honor outstanding companies and individuals who have made remarkable contributions throughout the year. We were inspired by the passion and dedication

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MillerMusmar CPAs Proud Platinum Sponsor of the 11th Annual NoVA B2G Matchmaking Conference & Expo

Reston, Virginia – On May 4, 2023, MillerMusmar CPAs was a proud Platinum Sponsor of the 11th Annual NoVA B2G Matchmaking Conference & Expo organized by the Greater Reston Chamber of Commerce at the Sheraton Reston Hotel. This year’s Education Session, moderated by Joey Musmar, Founder and Managing Partner of MillerMusmar CPAs, focused on Staying Compliant through Growth, with a panel of experts including Bruce Crowell, Chief Financial Officer of SOS International (SOSi), Karolyn Gardner, Senior Vice President Contracts & Pricing of ICF, and Titus Jeffries, Vice President and Division Manager of National Solutions at Leidos and DEI Ambassador

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Business Education Series Webinar: Closing More Deals – The Art of Doing Business with Your Ideal Customer

MillerMusmarCPAs is a proud sponsor of the Business Education Series. Closing More Deals-The Art of Doing Business with Your Ideal Customer, organized by the Greater Reston Chamber of Commerce In this session, you will learn how to identify your ideal customer, conduct effective due diligence to research their business and differentiate your business in a crowded market. With these strategies, you’ll be able to create unique messaging that resonates with your target audience and build trust with potential customers. You’ll also learn how to close more deals and increase sales by understanding the needs and pain points of your ideal

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