News & Updates

As 2025-2026 chair of the VSCPA Board of Directors, Krystal McCants, CPA, brings more than 20 years of public accounting experience and a passion for relationship-driven leadership. We sat down with Krystal to learn more about her journey, her insights on the profession, and what inspires her both inside and outside the office.

Accounting is no longer just about numbers. It’s about navigating possibilities — and career paths should reflect that.

Successful implementation of new technology tends to be a rare phenomenon. As a result, most people groan at the first signs that a new technology implementation is looming. Consider these strategies to ensure successful technology implementations are the norm for your firm or department.

One of the biggest career accelerators for CPAs may be beyond the office. Serving in a volunteer position on a board, whether for a local nonprofit, professional group or other organization, can help you expand your leadership skills, make connections and serve the greater good.

Thriving without private equity isn’t about rejecting progress — it’s about pursuing a different, more self-directed vision of growth and success.

We can’t easily control external factors, such as the profession’s pipeline deficit, intense tax demands and busy seasons. However, perfectionism is something we do have control over, and it’s not to be dismissed or overlooked.

As consolidation continues to reshape the accounting profession, the $5–10 million revenue tier has emerged as a critical inflection point. But the advantages of reaching this size extend far beyond M&A appeal. For firms focused on long-term growth, talent development, and market relevance, the $5–10 million tier offers a compelling combination of scale, agility and strategic optionality.

After more than 10 years auditing everything from small nonprofits to government-funded entities to Fortune 500 companies, I’ve learned one thing for certain: auditors are translators. We take confusing situations, incomplete documents, complicated processes, and sometimes chaotic financial stories and turn them into clarity. And now, with the rise of AI tools like ChatGPT, auditors also have the opportunity to bring efficiency like never before.

Divorce creates a web of financial and legal challenges that demand careful coordination between CPAs, financial planners and attorneys. The following sections bring together tax planning issues with valuation and forensic considerations to provide a cohesive view for practitioners.

This article outlines the structure of the alternative pathway and discusses its advantages and challenges, drawing insights from industry professionals and academic experts. It also provides an overview of ongoing alternative pathway adoption efforts across the United States. Finally, it examines the impact of CPA Evolution on CPA Exam pass rates over the past year.

Depending on a worker’s investment skills, life expectancy, and economic needs, taking Social Security early and investing the benefits to build a nest egg may be economically beneficial — although the longer the beneficiary lives and the higher inflation the levels over the time period, the more difficult it will be to become economically wealthier.

ASU 2025-05 provides relief for accounts receivable and contract assets under the current expected credit loss (CECL) model.

The AICPA provides conceptual frameworks for CPAs in public practice and corporate finance to apply when assessing their compliance with the Code of Professional Conduct in a particular situation.

The final few weeks before the winter holidays can be full of stress. Try a few resilience exercises to calm the storm and get through the end of the year in peace.

Embracing the sunny side of work and life will only help leaders grow their teams and businesses.

Firms should be focusing on updating their quality management policies and procedures in time for the December deadline.

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!

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.

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.

Ups (passing pipeline legislation) and downs (threats to rolling conformity) made this year’s Virginia General Assembly one for the books.