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Emma Slack-Jorgensen
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IRS Begins Mass Layoffs, Cutting 7,000 Jobs Amid Tax Season
Taxation
According to a report by the Washington Post, the IRS has begun laying off thousands of probationary employees, a move that…
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Report: Accounting Industry Sees Major Hiring and Salary Growth in 2024
Accounting
A new report from global HR and payroll firm Deel released Feb. 20 reveals that accountants experienced the highest hiring…
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FinCEN Sets March 21 Deadline for BOI Reporting After Court Lifts CTA Injunction
The Trusted Professional
Given the Feb. 18 ruling of the U.S. District Court for the Eastern District of Texas in Smith v. U.S. Department of…
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IRS Faces Potential Layoffs Amid Tax Season, Raising Concerns
Accounting
Despite previous assurances that buyouts and layoffs would not take effect until after tax season, the IRS is reportedly…
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Regulatory Roundup: February 11-17
Regulatory Roundup
AICPA AICPA Releases Statement on IRS Ability to Help Taxpayers Meet Filing Obligations Feb 16, 2025 AICPA Highlights Key…
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AICPA, NASBA Propose UAA Changes Amid Various States Exploring New Pathways to CPA Licensure
Accounting
The AICPA and NASBA are advancing proposed changes to the Uniform Accountancy Act (UAA), introducing another alternative…
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AICPA and NASBA Release Feedback Expressing Concerns About Their Proposed Competency-Based Pathway and UAA
Accounting
The AICPA and the National Association of State Boards of Accountancy (NASBA) have gathered extensive feedback on proposed…
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Accounting Firms Hire Growth Leaders as Dealmaking Increases
The Trusted Professional
An increasing number of accounting firms are hiring chief growth officers. This is happening as small and midsize firms…
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PCAOB Releases New Knowledge Checks to Help Auditors With New Quality Control Standard
The Trusted Professional
The Public Company Accounting Oversight Board (PCAOB) has posted a new series of knowledge checks created to help auditors…
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