Category Archives: Tax News

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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.


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Treasury says it won’t enforce BOI fines or penalties against U.S. citizens, businesses

Category:Tax News

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting companies only.


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Remote control: 3 tips from a firm founder and remote-work trendsetter

Category:Tax News

Both quantity and quality of communication are crucial to the success of a fully remote work model, a leader with immense experience in the space shared at the AICPA Personal Financial Planning Summit 2025.


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Top 20 firm CohnReznick executes the latest private-equity deal

Category:Tax News

The partnership, continuing an industrywide trend, necessitates the creation of an alternative practice structure featuring a new CPA firm for attest services and a separate firm for nonattest services.


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FinCEN extends BOI reporting deadline, halts enforcement

Category:Tax News

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”


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Phish, smish, and spear phish: IRS releases 2025’s Dirty Dozen

Category:Tax News

The annual list, which began in 2002, lists 12 ways scammers try to gain confidential information from tax professionals or trick taxpayers.


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PEEC releases final revised guidance for Sec. 529 plans

Category:Tax News

The revisions focus on monitoring challenges and independence threats related to an account owner’s financial interest in Sec. 529 plans.


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Acting IRS commissioner steps down

Category:Tax News

The agency’s COO will take over for Douglas O’Donnell, who has worked for the IRS since 1986.


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Pathway to 150 hours enters year 2 with positive reviews

Category:Tax News

The AICPA and NASBA launched the Experience, Learn and Earn program, offered through Tulane University, to provide a simple, cost-effective pathway to 150 credit hours.