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NASBA Extends CPA Exam Testing Window to 30 Months

April 24, 2023

In response to feedback submitted through the exposure draft, NASBA has announced that it will adopt an increased testing window of 30 months.

  • accounting and auditing
  • business and industry
  • career resources
  • practice management
  • advocacy - state
  • advocacy - federal

NASBA upholds 150-hour education requirement for CPA licensure

February 10, 2023

Across the board, stakeholders charged with promoting and protecting the accounting profession are searching for solutions to a talent acquisition issue that isn't unique to the profession.

  • career resources
  • advocacy - federal

Senate Bill Would Force Large Private Companies to Register with SEC

September 27, 2022

Sen. Jack Reed of Rhode Island and two other Senate Democrats have filed legislation that would establish new SEC registration triggers for certain large private companies.

  • accounting and auditing
  • business and industry
  • advocacy - federal

Certain tax services do not violate US ban on provision of accounting services in relation to Russia sanctions

June 10, 2022

A U.S. accounting firm is not prohibited by a White House executive order regarding U.S. sanctions against Russia from providing tax advisory and preparation services to the U.S. subsidiary of a Russian company in certain scenarios, according to guidance issued Thursday by Treasury's Office of Foreign Assets Control (OFAC).

  • accounting and auditing
  • practice management
  • advocacy - federal
  • federal tax

IRS continues work to help taxpayers; suspends mailing of additional letters

February 11, 2022

As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.

  • advocacy - federal
  • federal tax

IRS identifies paused taxpayer notices

February 11, 2022

The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns.

  • advocacy - federal
  • federal tax

IRS is 'buried' in paper backlog, creating tax season anxiety so high that even tax pros want relief

February 11, 2022

The Internal Revenue Service has a brutal backlog of unfinished tax returns from last year, which has triggered more tax-time anxiety than one could imagine for many tax filers.

  • advocacy - federal
  • federal tax

Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Chairs

January 06, 2022

Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.

  • accounting and auditing
  • business and industry
  • not-for-profit
  • practice management
  • advocacy - federal

Professional services tax proposals discussed in multiple states

June 21, 2021

Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.

  • advocacy - state
  • advocacy - federal