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.
Taxes March 24, 2025
As of Mid-March, IRS Says Tax Returns Filed Are Down, But the Average Tax Refund Amount is Up
The number of tax returns that have been filed with the IRS is down 1.7% compared to this time last year, but the average tax refund amount is up 5.2% according to the agency's latest 2025 tax season data.
Payroll March 24, 2025
AARP Calls Latest Social Security Changes ‘Deeply Unacceptable’
As the Social Security Administration prepares to make major changes in how beneficiaries prove their identity, the AARP is asking the agency to reconsider the plan.
Small Business March 24, 2025
72% of Small Businesses Have Positive Outlook on AI in Survey
While concerns about data accuracy, security, and privacy persist, survey responses from 500+ business owners and 500+ HR leaders found that the business impact of AI is undeniable – 72% of small businesses have a positive outlook on the technology.
Financial Reporting March 24, 2025
Economy to Slow to 2% Growth in 2025, According to LEI Report
The U.S. Leading Economic Index declined in February and "continues to point to headwinds ahead,” said the Conference Board senior manager.
Technology March 24, 2025
CRM Tech is Most Valued in the Finance Function, Says Survey
CRM technology, cloud ERP, and analytics and business intelligence (ABI) tools were the top three most valued technologies in the finance function.
Artificial Intelligence March 24, 2025
Policymakers and Industry Leaders Discuss AI Innovation at Bloomberg Industry Group Executive Forum
The event also featured a panel discussion of C-suite thought leaders, including attorneys and tax advisors, who shared their organization’s approach to generative AI tools and applications.
General News March 22, 2025
Social Security Head Calls Off Shutting Agency After Court Order
The acting head of the Social Security Administration retreated from his threat to shut down the office after a federal judge said an order restricting data access for Elon Musk and his cost-cutting team doesn’t apply to agency employees.
General News March 22, 2025
Federal Judge Says 25,000 Workers Can Keep Jobs for Now
The Trump administration must continue to comply with a Maryland judge’s order to temporarily reinstate almost 25,000 fired employees at 18 U.S. agencies for at least another week, a federal appeals court held.
Mergers and Acquisitions March 21, 2025
Rehmann to Merge in Kmetz, Elwell, Graham & Associates
The Troy, MI-based top 40 accounting firm is expanding in Florida by combining with Vero Beach-based CPA firm Kmetz, Elwell, Graham & Associates, effective June 1.
Accounting March 21, 2025
After $1.8B Accounting Error, Senate Report Likely to Suggest Removal of South Carolina’s Treasurer
South Carolina Senate Finance Committee members investigating a $1.8 billion accounting error on the state’s books will likely recommend Treasurer Curtis Loftis be removed from office for willful neglect of duty.
General News March 21, 2025
Accountant Used Stolen Identity to Embezzle $1 Million From Fresno Fruit Company, DOJ Says
Sergio Zacarias Lopez, 57, was charged with bank fraud, aggravated identity theft and illegal re-entry of a removed alien, according to the Justice Department.
Accounting March 21, 2025
Los Angeles Faces $1 Billion Budget Hole, Warns of Layoffs
Los Angeles is facing a projected deficit of nearly $1 billion in the next fiscal year as the city grapples with the aftermath of historic wildfires and a deep decline in revenue.