Tax, accounting, auditing news - Journal of Accountancy

October 29, 2025

California issues draft guidance for climate risk disclosure

Large companies that conduct business in the state have until Jan. 1, 2026, to publish their first climate-related financial risk reports.

October 29, 2025

Reputation, security, compliance: Why AI risk disclosures are surging

Nearly three-quarters of S&P 500 companies have disclosed at least one AI-related risk in Form 10-K filings so far in 2025. Learn what types of companies are reporting risk and what exactly they’re disclosing.

October 28, 2025

From childhood tax surprise to CPA: A profession leader’s journey

Oscar Vives, who will speak at the AICPA’s National Tax Conference on retirement strategies, says the experience of growing up with a single mother who worked multiple blue-collar jobs strengthened his resolve to use his math skills and help his family.

October 27, 2025

AICPA releases gen AI tool: Josi

A new generative AI tool, initially focused on the auditing and accounting space, accesses information within the AICPA Online Professional Library.

October 27, 2025

The accounting graduate pipeline: Where do things stand?

As public accounting firms continue to report a strong need for new talent, recent declines in accounting graduates are easing, according to the AICPA’s Trends report.

October 24, 2025

Social Security wage base and COLA announced for 2026

Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration said. The SSA also announced a cost-of-living adjustment of 2.8% for both Social Security and Supplemental Security Income benefits for next year.

October 22, 2025

Congress passes bill requiring IRS to clarify math error notices

The AICPA praised the Senate passage of the bill, saying it will enhance IRS operations and improve the taxpayer experience.

October 22, 2025

AICPA seeks IRS guidance on tip, overtime tax deductions for 2025

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

October 21, 2025

IRS offers relief on car loan interest reporting under H.R. 1

The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan interest reporting requirements added by H.R. 1.

October 20, 2025

STEM designation for accounting has strong support

Nearly three-fourths of adults surveyed said accounting courses should be a part of the science, technology, engineering, and math education program, with a majority in key age groups saying the designation would make students more likely to pursue accounting education opportunities.

October 17, 2025

JofA editorial team wins two awards

A January JofA article and CPA Letter were named winners in the 2025 Eddie and Ozzie Awards.

October 16, 2025

Promotion opportunities abound for CFO hopefuls

One trend in a report on large company executive turnover: more hiring of internal candidates for vacant CFO seats.

October 9, 2025

IRS furloughs nearly half its workers, closes most operations

Under an updated contingency plan, nearly 40,000 of the approximately 74,000 IRS workers will stay on the job, including more than 24,000 in Taxpayer Services. In response to the plan, the AICPA recommended “fair, reasonable, and practical relief measures to mitigate the negative impact of the shutdown” on taxpayers and practitioners.

October 9, 2025