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Regulatory Roundup: July 1 - 7
The Trusted Professional
AICPA AICPA Makes Recommendations as Treasury and IRS Transition to Electronic Payment and Disbursement SystemJul 03, 2025…
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AICPA Lists Recommendations as Treasury, IRS Transition to Electronic Payment System
The Trusted Professional
In a letter sent to the Treasury Department, the AICPA gave recommendations on the implementation of Executive Order 14247,…
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North Carolina Approves New Route to CPA Licensure
The Trusted Professional
North Carolina has approved another route to CPA licensure. Governor Josh Stein signed Senate Bill 321, the Accounting…
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IRS Withdraws Proposed Regulation on Built-In Gains and Losses Under Section 382
Accounting
The IRS has decided to step back from its proposed regulations on the treatment of built-in gains and losses under Section…
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New Global Ethics Standards Bring Tax Planning Back to First Principles
Accounting
The International Ethics Standard Board for Accountants’ first global Ethics Standards on Tax Planning took effect Jul.1,…
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Senate Passes Tax Bill Raising SALT Deduction
The Trusted Professional
According to Bloomberg, the U.S. Senate on Jul. 1 passed Donald Trump’s $3.3 trillion tax bill after leaders of the…
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How Gen Z Is Reshaping Training and Tech Expectations at Work
College Students
Gen Z is entering the workforce with priorities that look different from past generations. Flexibility, meaningful work, and…
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Senate Budget Bill Would Keep SALT Deduction, Reshape Other Key Tax Rules
Accounting
Senate Republicans are working to keep a higher state and local tax (SALT) deduction in their budget bill, a major move…
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Regulatory Roundup: June 24 - 30
Regulatory Roundup
AICPA AICPA Releases Statement on Text of Senate Bill Regarding Pass-Through Entities Jun 28, 2025 "New standards a…
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