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Hard truth about soft skills: Invaluable insights for financial advisers

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

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

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

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.

Tax provisions in the One Big Beautiful Bill Act

Tax provisions in the One Big Beautiful Bill Act

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

AICPA recommends changes to mandate ending federal disbursements by paper check

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

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

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.

Economic pessimism grows, but CFOs have strategic responses

Economic pessimism grows, but CFOs have strategic responses

Nearly half of CFOs in Grant Thornton’s second-quarter survey are pessimistic about the U.S. economy. Their responses include supply chain adjustments to reduce the impact of tariffs.

Senate budget bill would preserve PTET SALT deduction

Senate budget bill would preserve PTET SALT deduction

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.

IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says

IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says

After a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the 2026 season in doubt, the national taxpayer advocate’s midyear report said.

‘Shift your tech strategy’: 3 keys to positive ROI

‘Shift your tech strategy’: 3 keys to positive ROI

Business leaders are investing more than ever in new technologies, but the investment likely won’t pay off without a plan that aligns tech with business objectives.

The expected salary range for middle-market CFOs

The expected salary range for middle-market CFOs

CFOs at middle-market companies can expect a base salary of at least $350,000 a year, according to one recent survey that addressed compensation and career paths.

AICPA proposes changes to Senate bill that would help most US businesses

AICPA proposes changes to Senate bill that would help most US businesses

Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.

GASB updates guidance on application of standards

GASB updates guidance on application of standards

The guide aims to assist state and local governments via a series of questions and answers.

Elimination of PCAOB can’t remain in budget bill, Senate official rules

Elimination of PCAOB can’t remain in budget bill, Senate official rules

The Senate parliamentarian’s office determined that a provision aimed at folding the PCAOB into the SEC doesn’t qualify for the budget reconciliation process.

Tax provisions of Senate Finance’s version of the budget bill

Tax provisions of Senate Finance’s version of the budget bill

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.”

Lessons from a CPA whose firm delivered a ‘textbook response’ to data breach

Lessons from a CPA whose firm delivered a ‘textbook response’ to data breach

The owner of a CPA firm in Texas told attendees at an AICPA & CIMA ENGAGE 25 session on data security that the breach was one of the hardest things she had experienced in her career, yet she came out of it with clients still viewing her positively.

SEC names new chief accountant

SEC names new chief accountant

Kurt Hohl, CPA, is set to begin the role with the SEC in early July. He replaces Paul Munter, who left the job in January.

AICPA makes Priority Guidance Plan recommendations to IRS

AICPA makes Priority Guidance Plan recommendations to IRS

In addition to its 183 recommendations for the IRS plan, the AICPA encouraged the agency to continue to pursue tax simplification.