Monthly Archives: February 2025

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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.


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The cost of doing business: Pay increases may be muted in 2025

Category:Tax News

A survey of CFOs and finance leaders across all industries reveals that while most still see value in pay bumps for staff, increases may be slowing.


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Thousands of workers in IRS small business division to lose jobs

Category:Tax News

An email sent to managers on Wednesday said that more than 3,500 probationary workers in the Small Business/Self-Employed division are expected to be notified Thursday that they are no longer employed with the IRS.


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AICPA ethics committee corrects authoritative guidance

Category:Tax News

The Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients.