Category Archives: Tax News

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Private Company Council issues annual report for the first time

Category:Tax News

The council, which advocates for private companies during FASB’s standard-setting process, shares recent accomplishments and its vision for the future.


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PCAOB offers reporting guidance on a number of fronts

Category:Tax News

The board offers advice to public company auditors about Form AP, upcoming standards on quality control and confirmation, and in the form of free PCAOB-led forums.


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Auditing Standards Board releases consultation paper on its forward strategy

Category:Tax News

The ASB seeks input on the draft of its 2026–2030 strategic plan. The comment deadline is June 13.


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IRS to remain at full staff for at least 5 days if government shuts down

Category:Tax News

Acting IRS commissioner says the agency will use “existing appropriations” to remain open if Congress does not agree to a continuing resolution by the end of Friday.


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Untangling tariffs: Consumers expected to bear the brunt

Category:Tax News

The majority of companies represented in a survey said they plan to pass along most, if not all, costs created by tariffs to their customers.


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AICPA seeks feedback on independence rules related to private equity

Category:Tax News

In response to increasing private-equity investment in accounting firms, a Professional Ethics Executive Committee (PEEC) task force has issued a discussion memorandum related to independence rules in the AICPA Code of Professional Conduct.


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AICPA emphasizes importance of a modern IRS in statement

Category:Tax News

In a statement Friday, CEO Mark Koziel, CPA, CGMA, said the AICPA is discussing the state of the IRS with agency officials in the wake of layoffs. “A modern, functioning IRS is essential for Americans to meet their tax obligations,” the statement said.


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AICPA applauds Treasury’s suspension of BOI enforcement

Category:Tax News

A statement Thursday praised Treasury for “reducing regulatory burden on businesses” and said the “AICPA remains committed to appropriate anti-money laundering policies.”


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Domestic economic sentiment declines 20 percentage points among CPA execs

Category:Tax News

CPA executives in business and industry have lowered expectations for the U.S. economy and, to a lesser extent, their own organizations, according to a quarterly AICPA & CIMA survey.


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Proposed model law changes support a new path to CPA licensure

Category:Tax News

The AICPA and the National Association of State Boards of Accountancy are seeking comments for the next 60 days on an additional CPA pathway and changes to the practice mobility model.