News & Updates

As of July 1, 2026, a new pay transparency law is in effect in the Commonwealth requiring employers to disclose wage or salary ranges in job postings.

The IRS has implemented a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

More than 90% of senior finance leaders are facing moderate to significant career pressure to demonstrate that agentic AI is delivering ROI, with the majority of respondents to a global survey painting a picture of speed often being valued over governance and accountability.

According to the state revenue outlook report for summer 2026 prepared by Multistate, Virginia's short-term fiscal outlook remains stable.

The 2027–2030 proposed strategic plans for the Professional Ethics Executive Committee and the Peer Review Board are available for comment by Aug. 31.

In fall 2026, the Virginia Department of Taxation will launch updated online services as part of a four-year modernization process.

The goal is to create good habits around AI use from the start. To foster these good habits, thoughtfully created and carefully implemented policies can help.

A practitioner-led initiative to spark high school students’ interest in an accounting career is showing promising results.

The most successful CAS practices know that effective marketing starts from within. They align their strategies, their technology, and their internal teams around a shared goal: making sure the right conversations happen with the right clients at the right time.

The accounting profession is transforming, underpinned by generative artificial intelligence (GenAI). ChatGPT, Claude and Gemini are changing how accountants write, summarize and communicate information.

Being an effective accounting leader isn’t about keeping everyone positive all the time. Sometimes it’s about meeting people where they are.

Four out of five CPAs attending a recent AICPA ENGAGE session said they’ve had clients victimized by a financial scam — and one attendee admitted she also was defrauded.

VSCPA AI Survey results detail what Virginia CPAs believe about the future of technology in accounting.

Spend less time searching and more time advising with a NEW VSCPA partnership with Blue J, an AI-powered tax research solution.

Richmond (July 13, 2026) — A new partnership between the Virginia Society of Certified Public Accountants (VSCPA) and Blue J, an AI-powered tax research solution, will help Virginia’s CPAs focus on advising clients and crafting tax strategies — rather than spend hours keeping up with tax research.

This free whitepaper from CPA.com dives into what tax transformation looks like across the five drivers — strategy, talent, technology, service model and operations.

While most employers say they don’t plan to reduce headcount this year, almost half of employees plan to find a new job in the next six months, a global report shows.

The CNBC Top States for Business list is out, and Virginia is up one spot over last year to No. 3. The Commonwealth has come in the top spot six times in the 20-year history of the ranking, more than any other state.

Each year, the Virginia Department of Taxation publishes a reference guide to state and local tax legislation enacted by the previous session of the Virginia General Assembly.

A CFO/COO in charge of her company’s digital transformation shares keys to success and why the hybrid role is good preparation to be CEO.