The Financial Crimes Enforcement Network said Monday that it will revisit the scope of an anti-money-laundering rule that affects small registered investment advisers. It said the effective date was expected to be postponed from Jan. 1, 2026, to Jan. 1, 2028.
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The case for outsourcing: 3 ways to win
While some organizations take a quick glimpse at outsourcing and conclude that it’s not a viable option, those that look closer often unearth alternative uses that can bring value.
FASB updates guidance on measurement of credit losses
The optional guidance aims to address concerns shared by private company shareholders related to the cost and complexity of measuring credit losses for accounts receivable and contract assets.
AICPA supports bill that lets married domestic violence victims file taxes as single
The bill would empower survivors of domestic abuse or spousal abandonment to file taxes without contacting their abuser.
New commissioner confident IRS can implement OBBBA’s tax provisions
Commissioner Billy Long explained his management philosophy at the 2025 Tax Summit of the National Association of Enrolled Agents, where he said IRS employees will be able to implement the OBBBA’s tax provisions.
Dealing with natural disasters: How to avoid fraudulent activities
More than one-third of Americans have been the victim of fraudulent activities after being personally or professionally affected by a natural disaster, according to a Harris Poll conducted on behalf of the AICPA.
IRS staff cuts could put burden on practitioners to explain OBBBA
A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in the massive law.
IRS advises of Tuesday deadline to maintain Business Tax Account access
The IRS warned that those who do not revalidate accounts by Tuesday will need to request access to the account again, either as a designated official or other user type.
Dealing with natural disasters: IRS relief efforts leave some wanting
How can the IRS best assist victims of natural disasters? The AICPA asked victims how long they had to wait for assistance and asked CPAs the best courses of action.
PCAOB chair to resign
Erica Williams, who had held the position since 2022, is being replaced on an interim basis by George Botic.
Dealing with natural disasters: Prepare by taking these steps today
Nearly one-third of adults have done nothing to prepare financially for the possibility of a natural disaster. An AICPA news release offers advice for individuals and businesses.
US House passes stablecoin regulatory framework
Already approved by the Senate and on its way to the president for signature, the GENIUS Act will require stablecoin issuers to undergo a monthly examination of disclosures. Larger issuers also will be subject to an annual audit.
Overworked or overwhelmed? The two sides of technology
Productivity is lacking in the workplace, according to a Microsoft survey, with technology posing both as the problem and the solution.
Hard truth about soft skills: Invaluable insights for financial advisers
Personal financial advisers share perspective on creating a safe space where clients feel comfortable about sharing information crucial to a successful professional partnership.
Congress passes act allowing tax relief when a state declares disaster
A bill supported by the AICPA is “a major win for taxpayers and tax practitioners,” according to a statement by President and CEO Mark Koziel. The bill, which now heads to President Donald Trump for his signature, is intended to speed up the granting of tax deadline extensions after a disaster.
AICPA: Guidance needed on catch-up contributions under Roth mandate
In a letter to Treasury and the IRS, the AICPA requested guidance on language in proposed regulations issued in January.
It’s no joke: Being nice is among this attorney’s top ways to deal with the IRS
Being nice is one of tax controversy attorney Melissa Wiley’s ways of getting answers from the IRS, which also includes knowing the Internal Revenue Manual and using self-service tools.
AICPA recommends changes to mandate ending federal disbursements by paper check
An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal disbursements and requires all payments made by the federal government to be electronically processed.
Auditing Standards Board proposes a new fraud standard
The AICPA board issued an exposure draft of a Statement on Auditing Standard (SAS), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
IRS withdraws proposed regs. governing built-in losses and gains
The IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.
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