News & Updates

This year’s update for tax professionals is available on the Virginia Department of Taxation website. The update includes valuable information about legislative changes to Virginia taxes, reminders, and resources. Running time: 23 minutes

Inspiration. Integrity. Self-awareness. Respect. Compassion. Resilience. These are all common qualities we think of when determining what a successful leader looks like in our current professional environment. For aspiring leaders within the accounting industry, the logical next question is: How does that translate into skills I need to become a successful leader in my company?

Professors from Wharton and UCLA break down the latest research on generative AI and what it tells us about a potential AI bubble.

On Thursday, the IRS released its Criminal Investigation division’s FY 2025 Annual Report, identifying more than $10.59 billion in financial crimes between Oct. 1, 2024, and September 2025.

A remote workforce increases corporate vulnerabilities for perpetrators to exploit. These vulnerabilities often make a company's complex security setup less effective.

The CPA profession now offers dynamic, technology-driven career paths that extend far beyond traditional tax and audit work. One of the most promising paths is client advisory services (CAS), a rapidly growing niche in which accountants combine financial expertise, technology, and business insight to help organizations grow.

A formal, detailed onboarding process is key to helping an external hire add value quickly. Here are six steps to help create your own process.

You need more than a good reputation and proficient performance to differentiate yourself and your brand in accounting organizations where many team members demonstrate exceptional abilities. Establishing a unique personal professional brand (personal brand for short) will enhance your visibility

The VSCPA joined the AICPA and other state societies to urge the U.S. Department of Education to including accounting programs leading to CPA licensure within its definition of "professional degree."

On Dec. 3, 2025, the VSCPA commented on the draft VBOA policy addressing Inactive, Emeritus, and Expired/Suspended/Revoked License Status.

The VSCPA, along with the American Institute of CPAs (AICPA) and other state CPA societies, strongly opposes any proposal that fails to recognize accounting as a professional degree program.

Nearly all (97%) of leaders said they are willing to pay more to partner with audit firms that leverage advanced technologies, according to BDO’s Audit Innovation Survey.

Merging the IRS office that regulates credentialed tax practitioners with another office that deals with uncredentialed return preparers would confuse the public and could harm the tax system, the AICPA said in a letter to the leaders of those offices.

The IRS just came out of the longest government shutdown, but the deal that ended the stalemate funds the agency only through Jan. 30, just as filing season is about to begin. And that’s a concern for taxpayers and tax practitioners, two former IRS commissioners told reporters Tuesday at the 2025 AICPA National Tax Conference.

Long-time VSCPA member and speaker Art Auerbach, CPA, CGMA, received the Arthur J. Dixon Memorial Award, the AICPA's highest honor given in the tax area.

The only way to stay ahead of cyberattacks next tax season is to move from a reactive mindset to a proactive security strategy. Always assume that someone, somewhere, is using AI to test your defenses. Your job is to ensure they fail.

Though Congress ended the record-setting federal government shutdown, many questions remain for states that were already wading through seismic federal changes.

The IRS sent layoff notices to almost 1,400 employees, adding to the losses at the agency where 25% of staff had left as of May, according to a court document filed earlier this week in a lawsuit brought by unions against the federal government.

Careers are not just about the pay. If you want a job that feels meaningful and helps society or the environment, consider the world of not-for-profits.

The government shutdown has become the longest in history, and every week that passes costs the economy anywhere from $10 billion to $30 billion, based on analysts’ estimates, with several landing in the $15 billion range.