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AICPA Urges IRS to Clarify Disaster Tax Relief in Draft Publication 547
Taxation
AICPA is calling on the IRS and the Treasury Department to revise Draft Publication 547 to ensure taxpayers clearly…
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Big Four Firms Split on Diversity Initiatives Amid Political Pressure
Accounting
According to Bloomberg Law, the Big Four accounting firms are facing a deep divide over diversity, equity and inclusion…
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Regulatory Roundup: February 18-24
Regulatory Roundup
AICPA AICPA Asks for Updated Language in Draft Publication 547 to Help Taxpayers Eligible for Disaster Tax Relief Feb 24,…
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IRS Begins Mass Layoffs, Cutting 7,000 Jobs Amid Tax Season
Taxation
According to a report by the Washington Post, the IRS has begun laying off thousands of probationary employees, a move that…
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Report: Accounting Industry Sees Major Hiring and Salary Growth in 2024
Accounting
A new report from global HR and payroll firm Deel released Feb. 20 reveals that accountants experienced the highest hiring…
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FinCEN Sets March 21 Deadline for BOI Reporting After Court Lifts CTA Injunction
The Trusted Professional
Given the Feb. 18 ruling of the U.S. District Court for the Eastern District of Texas in Smith v. U.S. Department of…
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IRS Faces Potential Layoffs Amid Tax Season, Raising Concerns
Accounting
Despite previous assurances that buyouts and layoffs would not take effect until after tax season, the IRS is reportedly…
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Regulatory Roundup: February 11-17
Regulatory Roundup
AICPA AICPA Releases Statement on IRS Ability to Help Taxpayers Meet Filing Obligations Feb 16, 2025 AICPA Highlights Key…
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AICPA, NASBA Propose UAA Changes Amid Various States Exploring New Pathways to CPA Licensure
Accounting
The AICPA and NASBA are advancing proposed changes to the Uniform Accountancy Act (UAA), introducing another alternative…
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