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  • AICPA Makes a Nod to Senate for Its Efforts to Improve House Bill

    By:
    Karen Sibayan
    |
    Jun 20, 2025
    After the Senate released the reconciliation bill, the AICPA has enumerated the specific provisions that it supports. The Senate bill includes several provisions that the AICPA has previously supported.

  • Lawyers Warn That Splitting DOJ's Tax Division Would Lead to Weaker Enforcement

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The Department of Justice's proposal to split its tax division is  another indication that enforcement will decline, lawyers warned

  • SEC Appoints Kurt Hohl as Its New Chief Accountant

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The SEC has announced that Kurt Hohl—who has close to four decades of accounting and auditing experience—has been named  the regulator's chief accountant, effective Jul. 7.

  • Senate GOP Eyes $30K SALT Cap as Talks Continue

    By:
    Emma Slack-Jorgensen
    |
    Jun 17, 2025
    Senate Republicans are weighing a new $30,000 cap on the state and local tax (SALT) deduction, a potential compromise between the $10,000 cap and the $40,000 threshold included in the House-passed version of the bill, now under Senate review.

  • Profits Are Up for Accounting Firms; So Are Expectations

    By:
    Emma Slack-Jorgensen
    |
    Jun 16, 2025
    Accounting firms are reporting stronger numbers across the board. Nearly three-quarters of firms saw increased profits over the past year, and more than half gained new clients. This growth is driven largely by operational improvements and expanded services. 

  • New York State Senate Passes CPA Pathway Bill on June 12

    By:
    Emma Slack-Jorgensen
    |
    Jun 16, 2025

    The New York State Senate, joining the state Assembly, passed the additional licensure pathway bill (A.7613/S.6892) on June 12.  The bill introduced a third option for CPA candidates: 120 credit hours and two years of relevant experience.
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