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Treasury Proposes Regulations Defining Qualified Tips and Eligible Occupations
Accounting
The US Treasury has issued proposed regulations that clarify how the new tip deduction under the One Big Beautiful Bill…
Read More
NASBA and AICPA Release Exposure Draft of CPE Standards Revisions
Accounting
The National Association of State Boards of Accountancy (NASBA) and the AICPA have issued an exposure draft of proposed…
Read More
IRS Drafts Schedule 1-A to Combine Four New Deductions
Accounting
The IRS has released a draft of Schedule 1-A (Form 1040), a single worksheet that gathers four deductions created by H.R. 1,…
Read More
PCAOB Issues Guidance on Broker-Dealer Exemption Report Reviews
Accounting
The Public Company Accounting Oversight Board (PCAOB) has released a staff publication for auditors of SEC-registered…
Read More
CPA Firms Report Gains in Revenue, Profit, and Pay
Accounting
The AICPA’s 2025 National Management of an Accounting Practice Survey points to steady growth across firms of all sizes.…
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OBBBA Changes Educator Deduction in 2026
Accounting
Beginning in 2026 tax year, the One Big Beautiful Bill Act changes how K-12 educators deduct unreimbursed classroom costs.…
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IRS Plans to Close Nine Taxpayer Assistance Centers on Nov. 30
Accounting
According to Accounting Today, the IRS has notified Congress that it plans to close nine in-person Taxpayer Assistance…
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How Accounting Firms Are Rethinking Hiring in 2025
Accounting
Accounting firms are hiring in a tighter, more selective market, with the biggest gap at the experienced associate through…
Read More
PCAOB Posts Technology Working Group Study and Recommendations
Accounting
On Sept. 3, the Public Company Accounting Oversight Board posted two documents from its Technology Innovation Alliance (TIA)…
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