Latest Articles

  • Long's IRS Era: Implementing the 'Big Beautiful Bill' and Agency's Culture Shift

    By:
    Karen Sibayan
    |
    Jul 28, 2025
    IRS Commissioner Billy Long on Jul. 28  discussed his plans for the tax agency and the One Big Beautiful Bill Act during his first public talk in his new role. Long spoke at the National Association of Enrolled Agents' 2025 Tax Summit.
  • NASBA, AICPA Issue Ninth Edition of the UAA

    By:
    Karen Sibayan
    |
    Jul 25, 2025
    On Jul. 22, the NASBA and the AICPA issued the ninth edition of the Uniform Accountancy Act (UAA), which offers guidelines for state legislatures to create their own CPA requirements.
  • IRS Tells Designated Officials to Revalidate Their Business Tax Account by Jul. 29

    By:
    Karen Sibayan
    |
    Jul 25, 2025

    The IRS tells Business Tax Account users that Designated Officials must revalidate their accounts by Jul, 29 to maintain access.

  • Regulatory Roundup: July 22 - 28

    By:
    Karen Sibayan
    |
    Jul 25, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.
  • TIGTA: IRS Reduces Workforce by 25 Percent, Jeopardizing Upcoming Filing Season

    By:
    Karen Sibayan
    |
    Jul 24, 2025
    The Treasury Inspector General for Tax Administration (TIGTA) began a review of the IRS to update its previous report on the tax agency's initiatives toward workforce reduction. The new report offers a view of the IRS business units and positions affected as of May 2025.
  • IFRS Foundation Releases Climate-Related Examples of Financial Statements Reporting Uncertainties

    By:
    Karen Sibayan
    |
    Jul 24, 2025
    On Jul. 24, the IFRS Foundation has released near-final examples demonstrating how firms are able improve the reporting of uncertainties in their financial statements utilizing climate-related examples as practical illustrations. The early publication is meant to further timely and informed application.
  • Accountant Confidence Gained Ground in the Second Quarter, but Remains at a Low Level

    By:
    Karen Sibayan
    |
    Jul 23, 2025

    According to a July 2 ACCA and IMA Global Economic Conditions Survey, confidence among accountants globally increased to its highest level since Q3 2024. The latest survey indicates that global confidence improved in Q2 2025, but it is still at a low level by historical standards.

  • Former Chair Erica Williams Highlights PCAOB's Important Work in Interview

    By:
    Karen Sibayan
    |
    Jul 23, 2025
    On Jul. 22, Erica Williams stepped down as chair of the PCAOB after SEC Chair Paul Atkins asked for her resignation. In a recent interviewWilliams discussed her tenure at the PCAOB and her future hopes.
  • FinCEN Delays AML Rule Effective Date

    By:
    Karen Sibayan
    |
    Jul 22, 2025
    FinCEN stated on Jul. 21 that it plans to delay the effective date of a rule that brings certain investment advisers under its anti-money-laundering and countering-the-financing-of-terrorism programs' standards.
  • SEC Appoints George Botic as Acting PCAOB Chair

    By:
    Karen Sibayan
    |
    Jul 22, 2025
    The SEC said on July 21 that it has appointed George R. Botic as PCAOB acting chair effective Jul. 23. Current PCAOB Chair Erica Williams' resignation from the Board effective Jul. 22.