Tax, accounting, auditing news - Journal of Accountancy

October 2, 2025

Is spending on technology spinning out of control?

Information technology spending, driven by AI investment, is consistently rising, but a survey finds that most leaders assume that they’re spending more than other companies are.

October 1, 2025

IRS removes associated property rule in final interest capitalization regulations

The final regulations make minor clarifying changes to proposed regulations issued last year.

September 30, 2025

IRS withdraws prop. regs. affecting corporate spinoff transactions

The proposed regulations were withdrawn in response to comments that criticized the proposed guidance, according to the IRS.

September 30, 2025

FASB update refines reporting scope for derivatives

In response to “the broad and evolving application of the definition of a derivative,” FASB issued an Accounting Standards Update that aims to address stakeholder concerns about the application of derivative accounting.

September 29, 2025

IRS shutdown plan: Employees stay on the job for first 5 workdays

The IRS would use money from the Inflation Reduction Act to keep the agency’s over 74,000 employees working for the first five days of a potential government shutdown.

September 29, 2025

IRS trims PTIN fee as renewal season nears

The fee reduction comes as a result of a biennial review of PTIN fees.

September 24, 2025

Paper tax refund checks on the way out as IRS shifts to electronic payments

The IRS will phase out the use of paper checks for refunds beginning Sept. 30 and will publish detailed guidance later.

September 24, 2025

Practice mobility update: New NASBA tool tracks changes for CPAs

The online resource features searchable state-by-state summaries to assist CPAs looking to practice across state lines with one license.

September 23, 2025

IRS keeps per diem rates unchanged for business travel year starting Oct. 1

In its list of high-cost and low-cost localities, the IRS kept per diem rates for travel, meals, and incidental expenses unchanged for the new annual period starting Oct. 1.

September 22, 2025

Managing teams, managing time: The importance of setting expectations

Leaders explain how making sure new employees understand what to expect in terms of work schedule is a crucial step for building successful teams with staying power.

September 19, 2025

Details on IRS prop. regs. on tip income deduction

The proposed regulations define “qualified tips” for purposes of the deduction and contain details on allowable forms of payment.

September 19, 2025

AICPA urges IRS to modernize estate and trust tax forms

In a letter to the IRS, the AICPA said the changes align with an executive order mandating that all federal tax payments and refunds be processed electronically.

September 19, 2025

FinCEN postpones anti-money-laundering rule

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.

September 19, 2025

Accounting for software: FASB issues improved guidance

The Accounting Standards Update aims to simplify the reporting of internal-use software costs.

September 17, 2025

NASBA, AICPA release proposed revisions to CPE standards

Comments are being accepted through mid-December on changes designed to address emerging learning methods and clarify CPE-awarding mechanisms.

September 16, 2025

Private equity and peer review: Proposed change targets consistency

The AICPA’s Peer Review Board is seeking public comment through Oct. 25 on a proposal that would involve the AICPA’s National Peer Review Committee in administration of peer reviews of firms backed by private equity investments and other alternative practice structures.

September 16, 2025

PEEC releases guidance on attest client association, simultaneous employment

The Professional Ethics Executive Committee guidance in the AICPA Code of Professional Conduct adds a new interpretation that includes a reporting requirement triggered by a member’s intent to accept an attest client’s offer of employment.

September 15, 2025

IRS finalizes regulations for Roth catch-up contributions under SECURE 2.0

The final regulations are similar to the proposed regulations issued in January, with some changes that the IRS said were made in response to comments.

September 15, 2025

PEEC seeks feedback on guidance for providing tax services to attest clients

An exposure draft addresses potential threats to independence when members perform tax advisory and tax planning services. The comment deadline is Dec. 15

September 15, 2025

OMB announces plan to eliminate 60 accounting rules for federal contractors

The White House Office of Management and Budget’s Cost Accounting Standards Board published a final rule and a proposed rule that would eliminate “redundant” requirements.

FROM THIS MONTH'S ISSUE

How a CPA beat burnout after strokes, depression

Randy Crabtree, CPA, suffered two strokes in four days and struggled with his mental health for years before he learned to recognize, address, and prevent chronic stress. Learn from his insights on how CPAs can avoid professional burnout.