The bills would remove the 150 credit-hour requirement and replace it wth three new pathways.
Category: NYT Accounting News
IRS navigates tax season amid staffing cuts
The IRS managed to get through last filing season despite extensive budget and staffing cuts, according to a GAO report, but is facing tax changes this year.
SCOTUS weighs case involving foreclosure to pay off tax debt
The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
Some states are ‘decoupling’ from OBBBA tax changes
While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
Bessent no longer acting IRS commissioner
The Internal Revenue Service confirmed Treasury Secretary Scott Bessent’s term as acting IRS commissioner has expired, although he will continue to oversee it.
PCAOB launches auditor fellowship program
The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.
Tech news: EisnerAmper auditors will have new AI Audit Design Agent
Plus, Digits’ payroll integrations goes from 1 to 18; Campfire announces Ember Agents; and other news and updates from the accounting tech world.
FASB’s Private Company Council aims to raise profile
PCC chair Jere Shawver is on a mission to increase awareness of the group that represents the perspectives of privately held companies on accounting standards.
Democrats introduce bill to eliminate or reduce income taxes
The legislation would eliminate income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500.
Canada posts first audit firm inspection reports
The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone.