News & Updates

This McKinsey & Co. report highlights sharper focus on performance at a time of tech innovation, economic disruption, and changing workforce structures.

For all the disruption facing the accounting profession—technology shifts, talent shortages, regulatory complexity, etc.—one thing hasn’t changed: trust remains our most valuable asset.

The Virginia General Assembly adjourned this year on March 14, 2026, notably without passing a state budget. Here are the areas the VSCPA worked on and watched closely this year.

For firms, the central tension is practical and familiar – clients need more help – but sales tax is a service line where accuracy, defensibility and risk management matter as much as efficiency.

Artificial intelligence (AI) has quickly become one of the most talked-about developments in the world of accountants and bookkeepers, but the reality of adoption and benefit is only now beginning to take shape.

The VSCPA submitted comments to the Virginia Board of Accountancy (VBOA) on its proposed regulatory changes related to firm requirements and principal place of business.

New USPS postmark updates could affect the timeliness of tax return filings.

It’s important for all of us to take care of our mental health at work. Even if your employer doesn’t provide PTO especially for mental health, you can help yourself do a reset.

At a time when only one in 50 accountants (2%) achieve partner status, it’s natural to wonder if there are certain personality traits that significantly improve, or detract, from reaching that lofty position. A recent study we conducted suggests the answer is ‘no’.

Here’s how leading CPA firms and consultants are using AI to uncover business opportunities and maximize growth.

The Profession Ready Initiative is designed to identify the skills that early-career CPAs need to succeed today and over the near term. The academic community is a vital partner in the success of this initiative and in the success of early-career talent.

The CPA Exam is a test of grit. If you want the rewards, take control. Be politely aggressive. The opportunities are there you -- just have to go get them.

On March 12, the VSCPA submitted comments to the Federal Accounting Standards Advisory Board (FASAB) on the exposure draft of proposed staff implementation guidance 64.1.

AI and automation can enable firms to provide more services for new and existing clients and — most important — reduce stress for all firm members while allowing them to take on more satisfying work.

This article discusses some of the possible entity deal structures for CPA mergers and acquisitions (M&As) and their potential tax issues (and, to a large extent, those more broadly applicable to M&As of other types of businesses).

While 82% of Americans say they’re concerned about tax fraud or identity theft this filing season, many don’t feel fully prepared to spot today’s increasingly convincing scams, McAfee says.

By embracing generational differences, CPA firms can create stronger teams and a more resilient profession prepared for the future.

In the early days of artificial intelligence reshaping the way employees work, many find themselves facing a greater workload rather than a lessened one, according to a survey.

The IRS’s 2026 Dirty Dozen list is largely a mix of familiar schemes, from bad tax advice on social media to impersonation attempts, but it does add one new entry: abusive undistributed long‑term capital gains claims.

Leaders at 73% of companies where artificial intelligence is already having an extensive impact on their business model believe they are gaining a strategic advantage, but a similar percentage see the associated risk as a significant organizational concern.