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Tax Reform Updates: Keeping You Informed

Tax Reform News

The Tax Cuts and Jobs Act, signed by President Donald Trump in December 2017, made major changes to tax rates for individuals and businesses. The U.S. Internal Revenue Service (IRS) is currently in the process of implementing various provisions in the bill. The VSCPA will continue to provide information, resources and education to tax preparers and taxpayers as it becomes available.

Tax Reform and Tax Conformity

The VSCPA has released a whitepaper, "Virginia Tax Conformity: 2018 and Beyond" (PDF), detailing its official position on tax conformity in Virginia as it relates to the Tax Cuts and Jobs Act, including its recommendations for the General Assembly and Gov. Ralph Northam. Click the link for news and analysis on how the TJCA relates to tax conformity.

VSCPA Tax Reform Survey

The VSCPA needs your input on the challenges you're facing related to tax reform! Click the link below to take a short survey about how the law has affected your practice. Thank your for helping the VSCPA serve the needs of Virginia's tax practitioners!

Tax-Related CPE

We're pleased to offer hundreds of learning opportunities to keep you in the loop on tax reform. Visit the online CPE catalog to browse and register. 


Picture of cover of CCH Tax Guide

VSCPA members receive a discount on the all-new U.S. Master Tax Guide Special Edition — Tax Cuts & Jobs Act! This trusted tax resource provides:

  • Clear explanations of the pertinent federal taxation changes for tax years after 2017
  • Answers to your questions on reduced rates, elimination of some deductions, credits, losses and more
  • Detailed information on key tax reform changes significantly affecting individuals and businesses alike

To purchase, visit cchgroup.com/members/vscpa and use promo code USTP-BLYY5164 in the shopping cart to receive this benefit.​