Accounting Standards June 5, 2026
AICPA News – June 2026
AICPA News is a monthly roundup of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants.
Taxes June 22, 2023
Ex-NFL Linebacker Bill Romanowski Owes $15 Million in Unpaid Taxes, Court Filing Says
The IRS seeks to finally collect on a ballooning tax bill for the 16-year NFL star and his wife that dates back 25 years.
Payroll June 22, 2023
Most Americans Uncomfortable with Emergency Savings
Just 43% of Americans say they are comfortable with the level of emergency savings they currently have, including 28% who are somewhat comfortable and 15% who are very comfortable.
Taxes June 21, 2023
House Ways and Means to Review Tax Documents of ‘High-Profile Individual’
The panel scheduled the June 22 meeting on Tuesday hours after Hunter Biden agreed to plead guilty to tax evasion charges.
Taxes June 21, 2023
Understanding Estate Planning Will Help Cut Your Tax Liability
By employing effective estate and tax strategies, business owners can optimize their financial legacies and minimize tax hurdles.
Accounting June 21, 2023
Accounting Mistake Caused Pentagon to Overestimate Cost of Weapons Sent to Ukraine by $6.2B
The error allows the U.S. to provide more military aid to Ukrainian forces without asking Congress for additional money.
Accounting June 21, 2023
Marcum Fined $10M by SEC and $3M by PCAOB for Shoddy Quality Controls in SPAC Audits
The top 20 firm also must make functional changes to its supervisory structure related to its system of quality control.
Taxes June 21, 2023
‘What a Difference a Year Makes!’: IRS Has Made a Huge Dent in Tax Return Backlog
In her midyear report to Congress, National Taxpayer Advocate Erin Collins shared several IRS improvements this filing season.
Accounting June 21, 2023
The Increased Urgency of a Modern Accounts Receivable Function
By streamlining payment processes, reducing administrative costs and gaining insights through enhanced visibility, businesses can enhance financial stability and liquidity.
June 21, 2023
Rolling out Your Firm’s WISP – A Practical Guide for Firm Owners
It only takes one breach to destroy a firm’s good reputation, and breaches are stressful and costly to remediate. Plus, most firms cannot afford the possible FTC penalties for non-compliance.
Small Business June 21, 2023
Retailers Try New Tactic in Fight Against Organized Theft
Partners including Target, Albertsons and Amazon have signed a pledge that "increases information sharing" between law enforcement, retailers that experience theft and online marketplaces.
Small Business June 21, 2023
New Home Construction Surges, Beats Expectations
U.S. housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel economic growth.
Accounting June 21, 2023
Woodard Appoints Deborah Defer as Director of CAAS Consulting Services
Defer will lead Woodard’s efforts in providing comprehensive assessments, practice strategy/design, and implementation support to top 200 CPA firms in the United States.