State CPA Societies May 6, 2026
State CPA Society News & Updates – May 2026
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Payroll April 8, 2025
5 Big Mistakes to Avoid During a Market Sell-Off
When stocks plunge, it can be difficult to keep an even keel. But sell-offs are not the time to start jumping in and out of stocks, or worse yet, panic and sell everything.
Taxes April 7, 2025
ICYMI, the IRS Gave Taxpayers in 12 States a Pass on Filing Their Taxes on Time
The IRS issued a reminder on April 4 that those who are filing from areas where disaster declarations took place in 2024 get until May 1 to file.
Small Business April 7, 2025
Retail Group Warns ‘More Tariffs Lead to Higher Costs for American Families’
The largest association of retailers in the U.S. has issued a statement regarding the potential impact of the recent placement of tariffs on most products.
IRS April 7, 2025
IRS Workers Get Final Chance to Take Deferred Resignation Offer
IRS employees who didn't accept the Trump administration's buyout offer earlier this year are being given one more chance to take the offer as more job cuts loom at the tax agency.
Small Business April 7, 2025
Baby Boomers Return to Top Spot as Largest Generation of Home Buyers
Baby Boomers now make up the largest generational group of home buyers, followed by Millennials, and Gen Xers.
Small Business April 7, 2025
JPMorgan CEO Jamie Dimon Warns of ‘Significant’ Risk of Recession from Tariffs
Extreme market movements are “causing many to consider a greater probability of a recession,” Dimon wrote in his closely watched yearly dispatch on the bank’s performance and the global economy.
Accounting April 7, 2025
AICPA Committee Approves Clarification to Standards for CAS Financial Statement Preparation
The statement clarifies that a CPA is not required to apply AR-C Section 70, Preparation of Financial Statements, when the preparation of financial statements is not the primary objective of a consulting services engagement.
Taxes April 7, 2025
IRS Says Average Tax Refund Up Nearly 4% From Last Year
More than 61.5 million Americans have received their annual tax refunds from the IRS, with the average filers getting back about 4% more than they did last year.
Taxes April 7, 2025
Trump Tax Cut, Debt Limit Plan Advances Despite Tariff Turmoil
The Senate passed a measure April 5 that allows congressional Republicans to craft legislation to extend Trump’s 2017 tax cuts for individuals and closely held businesses that expire at the end of 2025.
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it.
Mergers and Acquisitions April 4, 2025
Capstone Accounting and Tax Secures Private Equity Investment
Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.
General News April 4, 2025
Fed Chairman Warns Trump Tariffs Raise Inflation Risks and Could Slow Growth
Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.