June 6, 2025

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the budget bill that would eliminate the state and local tax deduction for certain passthrough entities.

https://www.journalofaccountancy.com/news/2025/jun/53-cpa-societies-back-aicpa-in-ptet-salt-deduction-effort/

June 5, 2025 

 CPA leaders’ optimism declined sharply in the second quarter, as tariff concerns mount and businesses pivot their strategies to accommodate shifting requirements, according to a new AICPA survey. 

https://www.journalofaccountancy.com/news/2025/jun/economic-optimism-slides-again-amid-tariff-uncertainty/

March 19, 2025

An email from the acting IRS commissioner, citing a federal court order, says certain probationary employees will receive salaries, back pay, and benefits but are “not [to] report to duty or perform any work until receiving further guidance.”

https://www.journalofaccountancy.com/news.html

March 13, 2025

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.

https://www.journalofaccountancy.com/news.html

February 28, 2025

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.”

https://www.journalofaccountancy.com/news.html

February 28, 2025

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.

https://www.journalofaccountancy.com/news.html

February 27, 2025

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

https://www.journalofaccountancy.com/news.html

February 16, 2025

"Americans deserve a fully functioning agency that can be respected by taxpayers and their preparers," a statement by AICPA CEO Mark Koziel said Sunday as IRS officials plan for cuts in federal workforce.

https://www.journalofaccountancy.com/news.html

1 hour 12 minutes ago February 14, 2025 

The IRS issued the 2025 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied.

https://www.journalofaccountancy.com/news.html

February 7, 2025

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

https://www.journalofaccountancy.com/news.html

February 5, 2025

IRS employees received an email Wednesday advising them that workers in “critical filing season positions” must work until mid-May.

https://www.journalofaccountancy.com/news.html

Feb 6, 2025 - UPDATE !!!

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in its filing in a Texas case.

https://www.journalofaccountancy.com/news.html

February 5, 2025

IRS employees received an email Wednesday advising them that workers in “critical filing season positions” must work until mid-May.

https://www.journalofaccountancy.com/news.html

February 5, 2025

The fall semester saw a 12% increase in accounting enrollment from the previous year to the highest figure observed by the National Student Clearinghouse Research Center in four years.

https://www.journalofaccountancy.com/news.html

January 24, 2025

The IRS said President Donald Trump’s executive order calling for a hiring freeze caused it to rescind all jobs offered with a start date after Feb. 8.

https://www.journalofaccountancy.com/news.html

January 22, 2025

The board seeks comments on an Accounting Standards Update that addresses 34 issues in GAAP.

https://www.journalofaccountancy.com/news.html

January 10, 2025

In response to the Justice Department’s application for a stay of a district court injunction related to beneficial ownership information reporting, the plaintiffs claim that staying the injunction would harm reporting companies more than it would help the government. - https://www.journalofaccountancy.com/news.html

January 10, 2025

IRS Commissioner Danny Werfel said he expects the 2025 filing season to build on the success of the two previous seasons if Congress maintains funding. - https://www.journalofaccountancy.com/news.html

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