A new section in the AICPA’s guide to stablecoins supports operations related specifically to the reporting of asset-backed fiat-pegged tokens.
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5 imperatives for auditors from the PCAOB chair
George Botic, using his signature colorful language, shares the focus areas that auditors should prioritize for the coming year.
Prop. regs. amend Sec. 3406 backup withholding regulations
The IRS issued the proposed regulations to reflect changes made by H.R. 1 to the threshold for backup withholding for third-party settlement organizations such as PayPal, Venmo, and others.
SEC proposes amendments to small entity definitions
The SEC proposed amendments to the rules that define which companies and advisers qualify as small entities for purposes of the Regulatory Flexibility Act.
IRS IT overhaul set to finish by 2028, former official says
After years of delays, the IRS expects to complete modernization of its fragmented IT systems by 2028, a former acting IRS commissioner said at an AICPA webcast.
AICPA proposes changes to independence guidelines related to private equity
The Professional Ethics Executive Committee voted to issue an exposure draft of Proposed Revisions Related to Alternative Practice Structures.
IRS to start accepting and processing tax returns on Jan. 26
The IRS acknowledged that new tax provisions could affect federal taxes, credits, and deductions. The start of filing season is in line with previous years.
Electronic filing for business tax returns starts next week
The IRS said it will begin accepting business tax returns electronically next week. No date has been announced yet for individual tax returns.
AICPA calls on IRS to automate Sec. 1033 extension requests
The recommendation aims to cut delays that leave taxpayers uncertain about disaster related replacement deadlines for property.
Proposed regulations provide guidance on car loan interest deduction
In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements.
Business standard mileage rate increases for 2026
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025.
IRS updates FAQs on business interest limitation, premium tax credit
The updates reflect changes made in H.R. 1, P.L. 119–21, commonly known as the One Big Beautiful Bill Act.
Key signals from the SEC-PCAOB conference point to a busy new year
Susan S. Coffey, CEO–Public Accounting at the Association of International Certified Professional Accountants, shares her top takeaways from last week’s Conference on Current SEC and PCAOB Developments, including observations on audit quality improvements and hints of significant SEC activity in early 2026.
GASB issues guidance on subsequent events
GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be part of disclosures related to the events.
Corporate Transparency Act, source of BOI reporting mandate, held constitutional
Despite the Eleventh Circuit holding that the Corporate Transparency Act is constitutional, an interim rule from Treasury means that domestic companies are not subject to beneficial ownership information reporting requirements.
Even an expert says: Digital asset reporting creates headaches
At the AICPA National Tax Conference, digital assets expert Nik Fahrer, CPA, sympathized with tax pros who dread the upcoming tax season because of digital asset reporting requirements.
FASB publishes its taxonomies for 2026
Available documents include the 2026 GAAP Financial Reporting Taxonomy and the 2026 SEC Reporting Taxonomy.
Accounting profession ‘essential’ to economic stability, coalition says
A coalition’s letter to the Department of Education expresses opposition to draft regulations that would exclude accounting from professional degree designation.
Audit transformation road map: New report lays out the journey
A CPA.com and AICPA survey of more than 50 firms unearthed five key themes for audit transformation and a step-by-step approach for a smooth rebuild.
IRS clarifies health savings account changes in H.R. 1 in new notice
Among other changes, the guidance explains that bronze and catastrophic plans are considered HSA-compatible under Sec. 223.
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