The professional and business services sector, which includes accounting and tax preparation along with other services, lost 30,000 jobs, ADP reported.
Category: NYT Accounting News
West Virginia, Nebraska adopt licensure changes
West Virginia and Nebraska are the latest states to implement legislation creating alternative pathways to CPA licensure.
SEC and PCAOB enforcement fall sharply
Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports.
In the blogs: Slice, slice, baby
New tax changes; love it or hate it; tax spirit animal; and other highlights from our favorite tax bloggers.
AICPA Auditing Standards Board plans future projects
The American Institute of CPAs’ Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.
Small businesses raised pay slightly in February
Minimum wage increases in some states and localities helped boost payrolls a small amount in February at small businesses, according to Paychex.
Nevada implements licensure changes
The Nevada legislature passed a regulation to create an additional pathway to CPA licensure, effective as of Feb. 27, 2026.
Democrats unveil bill to resurrect Direct File
Senate and House Democrats introduced legislation to bring back the Direct File free tax preparation program that was ended by the Trump administration.
IFAC: Over 1,000 firms have taken PE money
The International Federation of Accountants released data on the growth of private equity in the global accounting profession.
Grant Thornton’s Peko: Reject incrementalism, embrace change
Jim Peko, the CEO of Grant Thornton Advisors, says it was only by abandoning a vision of incremental change that the firm was able to achieve its current rapid growth.