News & Updates
IRS Expands Business Tax Account Access
April 07, 2026
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.
IRS Seeks Guidance on 2026-2027 Priority Guidance Plan By May 29
April 07, 2026
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.
Comments Close April 30: Proposed Changes to Independence PE Guidelines
April 06, 2026
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.
Gov. Spanberger Signs Legislation on CPA License Statuses
April 06, 2026
On April 6, 2026, Virginia Gov. Abigail Spanberger signed legislation into law to establish Inactive and Emeritus CPA license statuses.
How Colleges Inspire Students to Pass the CPA Exam
April 06, 2026
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.
Where Is AI’s Place in the Finance Function?
April 06, 2026
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?
How Will Accountants Learn New Skills When AI Does the Work?
April 02, 2026
As entry-level tasks are automated, the focus of training will shift to judgment, simulation, and continuous upskilling.
6 CPA Exam Study Tips
April 01, 2026
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.
Financial Planning Strategies to Save, Defer or Eliminate Income Taxes
April 01, 2026
In practice, many tax returns are reactive. The real opportunity lies in proactive financial planning — especially when deployed early in the calendar year.
Accounting Firms Increasingly Embrace AI Tools
March 31, 2026
VSCPA members and staff share their AI adoption with Virginia Business magazine.
AI Might Solve the Technical Gap, But Could Create an Experience Problem
March 31, 2026
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?
Letter to Congress Supporting Fiscal State of the Nation Act
March 31, 2026
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.
Four Mindsets That Undermine Workplace Well-Being Initiatives
March 30, 2026
A simple shift in thinking can help you implement more effective strategies – and prevent you from sabotaging your good intentions.
U.S., Canada, Mexico Extend CPA Mobility Through 2028
March 27, 2026
Good news for CPAs practicing across North American borders. An agreement will extend cross-border practice mobility for CPAs through the end of 2028.
Is Your Clients' Data Safe This Tax Season? Here's What CPAs Need to Know
March 26, 2026
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.
Audit Report Card: More Internal Audit Teams Suffered Cuts in 2025
March 25, 2026
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.
'Reverse Recruiting': How to Outsource Your Job Search
March 25, 2026
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.
From Intrigue to Implementation: 3 Phases of AI Integration
March 24, 2026
This three-step approach can move your accounting team’s AI curiosity to action with real results.
2026 M&A Trends: Navigating a Rapidly Rebounding Market
March 23, 2026
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.
Reduce Post Busy Season Turnover Through Better Leadership
March 23, 2026
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.