Higher threshold for Form 1099-K reporting among AICPA priorities
Category:Tax NewsIn a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.
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Monthly Archives: March 2025
- 18
Mar 25
0
- 17
Mar 25
0
AICPA Auditing Standards Board tabs Creps as chair
Category:Tax NewsCatherine “Halie” Creps, CPA, a current ASB member and a partner at KPMG, will replace Sara Lord in May, when seven new board members begin their tenures.
- 14
Mar 25
0
Private Company Council issues annual report for the first time
Category:Tax NewsThe council, which advocates for private companies during FASB’s standard-setting process, shares recent accomplishments and its vision for the future.
- 14
Mar 25
0
PCAOB offers reporting guidance on a number of fronts
Category:Tax NewsThe 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.
- 14
Mar 25
0
Auditing Standards Board releases consultation paper on its forward strategy
Category:Tax NewsThe ASB seeks input on the draft of its 2026–2030 strategic plan. The comment deadline is June 13.
- 13
Mar 25
0
IRS to remain at full staff for at least 5 days if government shuts down
Category:Tax NewsActing 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.
- 10
Mar 25
0
Untangling tariffs: Consumers expected to bear the brunt
Category:Tax NewsThe majority of companies represented in a survey said they plan to pass along most, if not all, costs created by tariffs to their customers.
- 10
Mar 25
0
AICPA seeks feedback on independence rules related to private equity
Category:Tax NewsIn 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.
- 07
Mar 25
0
AICPA emphasizes importance of a modern IRS in statement
Category:Tax NewsIn 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.
- 06
Mar 25
0
AICPA applauds Treasury’s suspension of BOI enforcement
Category:Tax NewsA 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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