2025 - Page 3 of 11 - Journal of Accountancy

August 5, 2025

AICPA presses IRS for guidance on domestic research costs in OBBBA

In its letter, the AICPA said small businesses that have not filed returns for the 2024 filing period face uncertainty about how to treat domestic research and experimental expenditures.

August 5, 2025

Date to start filing season not set despite IRS commissioner’s comment

Commissioner Billy Long said last week that the next filing season would start around Presidents Day, but the IRS said Tuesday that it has not set a date.

August 4, 2025

Wipfli partners with private equity for the latest top 25 firm deal

The already growing firm agrees to a “significant minority investment” from New Mountain Capital, an active player in the growing world of private-equity investment activity among large firms.

August 4, 2025

IRS includes several AICPA recommendations in corporate AMT interim guidance

In a notice issued Tuesday, the IRS said it intends to partially withdraw proposed regulations and issue revised proposed regulations.

July 31, 2025

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.

July 30, 2025

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.

July 29, 2025

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.

July 29, 2025

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.

July 28, 2025

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.

July 28, 2025

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.

July 25, 2025

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.

July 24, 2025

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.

July 22, 2025

PCAOB chair to resign

Erica Williams, who had held the position since 2022, is being replaced on an interim basis by George Botic.

July 21, 2025

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.

July 18, 2025

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.

July 16, 2025

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.

July 14, 2025

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.

July 14, 2025

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.

July 10, 2025

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.

July 8, 2025

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.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.