News & Updates

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.

On July 9, 2026, the VSCPA submitted comments to the Public Company Accounting Oversight Board's (PCAOB) Supplemental Request for Comment on the proposed amendments to QC 1000, A Firm's System of Quality Control, and Related Rules and Forms.

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.

There are implications to QuickBooks Desktop's phased discontinuation, including service discontinuation risks, operational failures, backup and archival strategies, migration challenges, and alternative accounting platforms. It also provides guidance for CPAs to take a proactive approach to managing and executing client migrations.

A proactive approach allows small firms to structure deals that align with their objectives, increasing the likelihood of achieving their merger goals.

The IRS Office of Professional Responsibility (OPR) issued guidance outlining how existing Treasury Circular 230 rules apply to tax practitioners’ use of artificial intelligence (AI), emphasizing that long-standing duties such as due diligence, competence, and confidentiality remain unchanged.

Whether you’re preparing for a transaction — or simply striving to build a healthier, more profitable practice — understanding what truly drives value is essential.

Auto-escalation is one of the most effective saving tools available in a 401(k) plan because it increases savings gradually — often in ways employees barely notice in their paychecks.

Learn wny this CPA believes being the CFO, or member of the CFO’s team, is an excellent career path choice. The variety and impact of responsibilities is enviable.

Reverse mentoring offers a practical and human-centered way to strengthen communication, improve engagement, and build more inclusive workplaces — one conversation at a time.

As AI moves from possibility to business necessity, many accounting firms risk rushing in without thoughtful adoption and integration.

Change management related to technology, including the rise of artificial intelligence (AI), ranked as CPA firms’ leading issue by expected impact in the next five years, according to the latest CPA Firm Top Issues Survey.

Virginia Gov. Spanberger signed HB 353 to expand access to affordable health benefit options for nonprofit employees across the Commonwealth.

Private companies have various options to raise capital when compared to public companies. These options are quite different from one another, so it is important to determine which option suits a particular business best and will allow it to grow successfully.

The ruling says the Education Department violated Congress’s instructions by adding criteria strictly limiting which degrees qualify for higher federal student loan borrowing caps. The CPA profession has actively lobbied against the rule because accounting was not labeled under the 'professional degree' designation.

The rule defines "financial institution" broadly enough to capture tax preparation firms and financial advisors directly, not just banks and lenders.

Organizations navigating change need leaders who can build trust, foster belonging, and engage people to contribute at their full potential.

On June 24, 2026, National Taxpayer Advocate Erin M. Collins released her Fiscal Year 2027 Objectives Report to Congress, highlighting a largely successful 2026 filing season in which the IRS processed nearly 139 million individual tax returns and issued more than 90 million refunds.