Journal of Accountancy
- AICPA: Guidance needed on catch-up contributions under Roth mandate July 10, 2025In a letter to Treasury and the IRS, the AICPA requested guidance on language in proposed regulations issued in January.
- It’s no joke: Being nice is among this attorney’s top ways to deal with the IRS July 8, 2025Being nice is one of tax controversy attorney Melissa Wiley’s ways of getting answers from the IRS, which also includes knowing the Internal Revenue Manual and using self-service tools.
- AICPA recommends changes to mandate ending federal disbursements by paper check July 7, 2025An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal disbursements and requires all payments made by the federal government to be electronically processed.
- Auditing Standards Board proposes a new fraud standard July 3, 2025The AICPA board issued an exposure draft of a Statement on Auditing Standard (SAS), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
- IRS withdraws proposed regs. governing built-in losses and gains July 1, 2025The IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.
- Economic pessimism grows, but CFOs have strategic responses June 30, 2025Nearly half of CFOs in Grant Thornton’s second-quarter survey are pessimistic about the U.S. economy. Their responses include supply chain adjustments to reduce the impact of tariffs.
- Tax provisions in the One Big Beautiful Bill Act June 29, 2025The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.
- Senate budget bill would preserve PTET SALT deduction June 28, 2025An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.
- IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says June 25, 2025After a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the 2026 season in doubt, the national taxpayer advocate’s midyear report said.
- ‘Shift your tech strategy’: 3 keys to positive ROI June 25, 2025Business leaders are investing more than ever in new technologies, but the investment likely won’t pay off without a plan that aligns tech with business objectives.
- The expected salary range for middle-market CFOs June 25, 2025CFOs at middle-market companies can expect a base salary of at least $350,000 a year, according to one recent survey that addressed compensation and career paths.
- AICPA proposes changes to Senate bill that would help most US businesses June 25, 2025Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.
- GASB updates guidance on application of standards June 23, 2025The guide aims to assist state and local governments via a series of questions and answers.
- Elimination of PCAOB can’t remain in budget bill, Senate official rules June 20, 2025The Senate parliamentarian’s office determined that a provision aimed at folding the PCAOB into the SEC doesn’t qualify for the budget reconciliation process.
- Lessons from a CPA whose firm delivered a ‘textbook response’ to data breach June 18, 2025The owner of a CPA firm in Texas told attendees at an AICPA & CIMA ENGAGE 25 session on data security that the breach was one of the hardest things she had experienced in her career, yet she came out of it with clients still viewing her positively.
- SEC names new chief accountant June 17, 2025Kurt Hohl, CPA, is set to begin the role with the SEC in early July. He replaces Paul Munter, who left the job in January.
- Tax provisions of Senate Finance’s version of the budget bill June 17, 2025The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.”
- AICPA makes Priority Guidance Plan recommendations to IRS June 16, 2025In addition to its 183 recommendations for the IRS plan, the AICPA encouraged the agency to continue to pursue tax simplification.
- Supreme Court: Tax Court lacks jurisdiction after removal of levy June 13, 2025Reversing the Third Circuit, the Court holds that the Tax Court lacked jurisdiction over a collection due process appeal of a levy once the taxpayer’s underlying tax liability was satisfied and the IRS removed the levy.
- Insights from ENGAGE: Clever ways to improve your focus at work June 13, 2025Technology is responsible for creating decision fatigue, but a productivity expert shares how you can use those same technologies to reverse the impact and gain greater focus.