News & Updates

The Internal Revenue Service announced a major expansion of its Business Tax Account, making the online self-service platform available to partnerships, federal, state, and local governments, Indian tribal governments, and tax-exempt organizations.

The Treasury Department and the IRS are asking stakeholders to submit recommendations by May 29 on items that should be included in the agency’s 2026-2027 Priority Guidance Plan.

The AICPA Professional Ethics Executive Committee (PEEC) voted Dec. 19, 2026, to issue the exposure draft of Proposed Revisions Related to Alternative Practice Structures, which features updated guidelines related to independence and private-equity investments.

On April 6, 2026, Virginia Gov. Abigail Spanberger signed legislation into law to establish Inactive and Emeritus CPA license statuses.

While the pipeline of CPA-credentialed accounting talent is getting stronger, accounting educators are trying new approaches to attract students, motivate them to take the exam, and help them pass.

AI need not live up to the most extravagant predictions to have an impact. For many CFOs, it is this reality – more so than the risk of a market correction – that causes sleepless nights. How do we, and the finance functions we lead, keep pace, and are we doing enough with AI?

As entry-level tasks are automated, the focus of training will shift to judgment, simulation, and continuous upskilling.

Much of the route to successfully passing the CPA Exam is a mental game. How will you stay on track and stay motivated? Here are some ideas.

In practice, many tax returns are reactive. The real opportunity lies in proactive financial planning — especially when deployed early in the calendar year.

VSCPA members and staff share their AI adoption with Virginia Business magazine.

Everyone is talking about how AI will transform accounting — automating reconciliations, preparing accounts faster, and reducing the technical workload across firms. But if AI removes the technical work, how do we develop the next generation of accountants?

On March 31, 2026, the VSCPA supported H.R. 7026, the Fiscal State of the Nation Act, a critical step toward ensuring that Congress has access to fair, balanced, and reliable information when making long-term fiscal decisions on behalf of the American people.

A simple shift in thinking can help you implement more effective strategies – and prevent you from sabotaging your good intentions.

Good news for CPAs practicing across North American borders. An agreement will extend cross-border practice mobility for CPAs through the end of 2028.

As filing deadlines approach, cybercriminals look to exploit that same surge of sensitive financial information. And with AI making scams more convincing and harder to detect, clients need to be aware of evolving threats, from AI-generated phishing emails to refund diversion schemes that can put their personal and financial security at risk.

Internal audit leaders in an annual survey reported staff and budget cuts in 2025 that rivaled levels observed during the 2008–2009 financial crisis, but they also shared a potential key to organizational support of the audit function.

Some job seekers are turning to “reverse recruiting” and paying to outsource the search itself. In traditional recruiting, companies pay recruiters to find candidates for open positions. In reverse recruiting, job seekers pay recruiters to help them land a job.

This three-step approach can move your accounting team’s AI curiosity to action with real results.

This McKinsey & Co. report shows that after dealmaking slowed momentarily in early 2025, global M&A activity quickly assumed a grand scale—delivering big gains for the year—with momentum continuing.

Busy season is often treated as a productivity proving ground. In accounting, it marks a series of peak stress cycles—tax season, compressed deadlines, and sustained cognitive load. The assumption is familiar: we just need to push through these few rough months, and we’ll be okay afterward. But the reality is different. Burnout will occur (and recur) if people aren’t allowed to recover properly, and just “pushing through” doesn’t have to be the only option.