Latest Articles

  • 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
  • Treasury, IRS Issue Interim Guidance on Energy Credits and Prohibited Foreign Entities

    By:
    Emma Slack-Jorgensen
    |
    Feb 13, 2026
    The Treasury Department and the IRS have issued Notice 2026-15, providing interim guidance on how taxpayers should determine whether certain energy projects receive “material assistance” from a prohibited foreign entity and therefore become ineligible for key federal energy tax credits. 
  • IRS Announces Next Expansion of Tax Pro Account

    By:
    Emma Slack-Jorgensen
    |
    Feb 10, 2026
    The IRS has announced the next expansion of its Tax Pro Account, introducing new business-level digital capabilities designed for tax professionals who work within accounting firms, tax preparation companies, and other organizational settings. 
  • OBBBA Updates to Charitable Deduction Changes How Donors Think

    By:
    Emma Slack-Jorgensen
    |
    Feb 5, 2026
    The One Big Beautiful Bill Act’s updates to the charitable deduction are already changing how donors think about timing, size, and even the form of their gifts, because the new floors under IRC Sec. 170 make it harder for smaller, steady contributions to generate a tax benefit.