News & Updates
CPA Licensing Changes Will Hit Half of All States by Year-End
August 28, 2025
While a growing band of states have passed new CPA licensure laws, employers, universities, students and regulators are just beginning to grapple with how the new rules will work.
High School Outreach to Boost the Accounting Pipeline
August 28, 2025
Interactive presentations related to the students’ interests increased awareness and interest in the accounting field, as well as students’ understanding of the profession, their interest in pursuing an accounting degree, and their awareness of diverse career paths.
Young Employees are the Most Engaged, But Hard to Retain
August 06, 2025
Employees under the age of 25 are the most engaged and positive of all employee groups, but many in a recent global report don’t envision working at their organizations long term.
Power off: Simple strategies for healthier digital boundaries
August 01, 2025
Our “always on” culture perpetuates tech addictions. The good news: Once you recognize the signs, there are many strategies you can implement to regain control. Your body and mind will thank you!
Ready or not: Private equity is here
August 01, 2025
Is private equity (PE) right for you? Even if you’re not considering a PE deal, you must understand the dynamics to stay competitive in Virginia’s evolving marketplace.
5 Things to Know About Tax Relief for Federal Disasters
July 31, 2025
The number of taxpayers impacted by federal disasters is increasing. From 2013 to 2023, the number of areas qualifying to receive tax relief because of federal disasters increased from 141 to 750. Here are five important considerations involving federal disasters and tax relief.
Virginia Closes Budget Year with Nearly $2.7B Surplus
July 30, 2025
Virginia ended the 2025 budget year with nearly $2.7 billion in general fund surplus, according to preliminary figures released by Gov. Glenn Youngkin's office. Read the full report from The Center Square.
Dealing with Natural Disasters: How to Avoid Fraudulent Activities
July 29, 2025
More than one-third of Americans have been the victim of fraudulent activities after being personally or professionally impacted by a natural disaster, according to a Harris Poll. This AICPA article breaks down how to avoid bad actors.
Dealing with Natural Disasters: IRS Relief Efforts Leave Some Wanting
July 28, 2025
More than 4 in 10 Americans have been victimized by a natural disaster, a stressful scenario that can take time to process. Tax-related responsibilities add to the burden, but filing relief can help. This Journal of Accountancy article breaks down survey results showing some want more action from the IRS.
How Everyone Can Feel Empowered to Ride the AI Wave
July 21, 2025
The risk of an “AI divide” is real, says Scott Snyder from the Wharton School at the University of Pennsylvania. In this opinion piece, he offers practical starting points for integrating AI into our everyday lives.
VSCPA Educational Foundation awards a record $82,500 in accounting scholarships
June 09, 2025
For Immediate Release Julia Conlon, VSCPA (804) 612 -9450 jconlon@vscpa.com Richmond (June 9, 2025) — The Virginia Society of Public Accountants (VSCPA) Educational Foundation has awarded accounting students across the Commonwealth a record-breaking total of $82,500 in scholarships for the 2025–2026
Letter to FASB on exposure draft, Accounting for Debt Exchanges
May 30, 2025
The VSCPA Accounting & Auditing Advisory Committee has reviewed the Exposure Draft (ED) — Accounting for Debt Exchanges, issued by the Financial Accounting Standards Board (FASB or the Board).
Letter to Congress on preserving PTET deductions
May 21, 2025
The VSCPA urges Congress to oppose provisions included in the House Ways and Means Committee’s tax reform legislation that unfairly target the ability of service businesses structured as pass-through entities to deduct their state and local taxes (SALT) from their federal tax liability while providing no such limit to other businesses.
Welcome back!
May 08, 2025
Although popular and successful in other industries, returnships have remained largely untouched by the accounting profession. Experts share why CPA firms should consider tapping into this retention tool to combat the ongoing talent crisis.
2025 General Assembly reflections
May 07, 2025
Ups (passing pipeline legislation) and downs (threats to rolling conformity) made this year’s Virginia General Assembly one for the books.
A refresher on CPE requirements
May 07, 2025
To ensure Virginia citizens receive services from well-skilled CPAs equipped with the latest knowledge, the Virginia Board of Accountancy requires CPAs to take a certain amount of continuing professional education (CPE) each year. If you fall behind on this requirement, you could be subject to fines or other consequences after a CPE audit.
CRM — The ultimate business automation tool
May 07, 2025
No longer a luxury tool for large companies, Customer Relationship Management (CRM) systems can help businesses of all sizes enhance operations and grow revenue.
Culture in crisis
May 07, 2025
Burnout is fueling workplace frustration, cynicism and absenteeism. Leaders can chart a path forward and right the ship.
From the CEO: VSCPA 2030 -- Our first year in review
May 07, 2025
Red flags in your cyber insurance policy
May 07, 2025
In an era where cyber threats are evolving at an unprecedented pace, the importance of robust cyber insurance coverage for nonprofits cannot be overstated. However, many nonprofit organizations find themselves facing challenges when it comes to understanding and navigating their cyber insurance policies.