Author Archives: admin

  • 0

AICPA members to vote on two proposed bylaw amendments this fall

Category:Tax News

Voting will open later this fall on amendments addressing AICPA volunteer term dates and AICPA membership eligibility requirements.


  • 0

FASB updates investment company fair value reporting standard

Category:Tax News

The amendments address stakeholder concerns that current GAAP guidance doesn’t consider a contractual restriction on the sale of an equity security when measuring the fair value of that security.


  • 0

PCAOB finalizes simplified quality control amendments

Category:Tax News

QC 1000, A Firm’s System of Quality Control, will be effective Dec. 15 and could serve as the basis for the PCAOB’s future approach to inspections of public company compliance.


  • 0

The No. 1 risk to retirement – and one way to guard against it

Category:Tax News

Retirees are living longer than ever, increasing the challenge facing financial advisers charged with the responsibility of making sure they don’t run out of funds.


  • 0

IRS clarifies that Appeals case memos should be shared with taxpayers upon request

Category:Tax News

National Taxpayer Advocate Erin Collins wrote Tuesday in her blog that the IRS reminder of the language in the Internal Revenue Manual is a “meaningful step toward transparency.”


  • 0

AICPA unveils new QM resources to help firms meet Dec. 15 deadline

Category:Tax News

The AICPA updated its SQMS No. 1 practice aid, released a new resource on monitoring and remediation, and is hosting live webcasts to help firms implement the new quality management standards by Dec. 15. Key features of the 2025 practice aid on complying with SQMS No. 1 include expanded discussions, tailored guidance for firms of all sizes, and tools for documentation, evaluation, and effective compliance.


  • 0

Comfort with crypto: Big North American companies have big plans

Category:Tax News

Nearly one-quarter of CFOs surveyed see their companies using crypto in the next two years and nearly all see crypto in their long-term plans, although the list of concerns remains long.


  • 0

Billy Long out as IRS commissioner after less than two months

Category:Tax News

Long said Friday on X that he’s leaving the IRS and instead will be nominated to be ambassador to Iceland.


  • 0

No 2025 information return or withholding table changes under OBBBA

Category:Tax News

The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.”


  • 0

AICPA presses IRS for guidance on domestic research costs in OBBBA

Category:Tax News

In its letter, the AICPA said small businesses who have not filed returns for the 2024 filing period face uncertainty about how to treat domestic research and experimental expenditures.