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  • Bipartisan IRS Reform Bill Seen as Step Toward Modernization

    By:
    Emma Slack-Jorgensen
    |
    Mar 10, 2026
    A new bipartisan plan to improve IRS procedures and taxpayer services has received some support from policy experts, but many see it as just a first step toward bigger changes at the agency. 

  • IASB Moves to Finalize IFRS 20 for Rate-Regulated Companies

    By:
    Emma Slack-Jorgensen
    |
    Mar 9, 2026
    The International Accounting Standards Board (IASB) is preparing to finalize a new accounting standard aimed at making financial reporting clearer for companies affected by rate regulation. IFRS 20, called “Regulatory Assets and Regulatory Liabilities,” is designed to help investors see how regulatory rules shape a company’s financial results and future cash flows. 

  • Treasury and IRS Issue Proposed Rules for Trump Accounts Pilot Program

    By:
    Emma Slack-Jorgensen
    |
    Mar 9, 2026
    The US Department of the Treasury and the IRS have announced proposed rules for the new Trump Account pilot program. These rules explain how eligible children’s accounts will receive a one-time $1,000 government contribution.  

  • CPA Executives Report Rising Economic Optimism in Q1 Survey

    By:
    Emma Slack-Jorgensen
    |
    Mar 6, 2026
    CPAs in executive roles are entering 2026 with a brighter outlook on both the economy and their own companies. This quarterly survey of 236 finance leaders, such as CFOs and controllers, showed a clear boost in confidence during the first quarter. 

  • West Virginia and Nebraska Adopt New CPA Licensure Pathways

    By:
    Emma Slack-Jorgensen
    |
    Mar 5, 2026
    West Virginia and Nebraska have introduced new paths to becoming a licensed CPA. These changes, led by policymakers and professional groups, respond to concerns about the accounting workforce. Both states now offer more options for CPA licensure, though passing the CPA exam is still required.  

  • SEC and PCAOB Enforcement Actions Drop Sharply in 2025

    By:
    Emma Slack-Jorgensen
    |
    Mar 4, 2026
    In 2025, both the US Securities and Exchange Commission and the Public Company Accounting Oversight Board took far fewer enforcement actions against accounting and auditing firms.

  • Democrats Introduce Bill to Reinstate IRS Direct File Program

    By:
    Emma Slack-Jorgensen
    |
    Mar 3, 2026

    Senate and House Democrats are working to restore the IRS’s Direct File program, which ended last fall under the Trump administration. Sen. Elizabeth Warren from Massachusetts and Rep. Brad Sherman from California have introduced the Direct File Act. This bill would make the free online filing platform permanent and require the IRS to operate it. 

  • The Future of Criminal Tax Enforcement Under Strain

    By:
    Emma Slack-Jorgensen
    |
    Mar 3, 2026
    IRS Criminal Investigation is entering its second century under what former CI chief Don Fort describes as increasing pressure on its main mission. 

  • Bipartisan Senate Bill Seeks Broad IRS Modernization

    By:
    Emma Slack-Jorgensen
    |
    Mar 2, 2026
    Senate Finance Committee leaders from both parties have introduced the Taxpayer Assistance and Service Act, a 162-page draft bill to update IRS procedures and modernize tax management.

  • Executive Order 14370 and the Path to Schedule III: Renata Serban on What Changes and What Doesn’t

    By:
    Emma Slack-Jorgensen
    |
    Feb 13, 2026
    On Dec. 18, 2025, President Trump signed Executive Order 14370, “Increasing Medical Marijuana and Cannabidiol Research.” The order has sparked renewed attention around whether federal agencies will move cannabis from Schedule I to Schedule III, and what that could mean for tax planning and compliance. In
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