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.
Accounting June 21, 2023
Tax, Accounting and Legal Pros are Cautiously Optimistic about Generative AI
Twenty percent of respondents said their firm or company has warned employees against the unauthorized use of generative AI at work.
Accounting June 20, 2023
Confused about IRS Pub 4557 vs FTC Safeguards Rule, and Which Applies to Your Firm?
Practitioners who fall under the ruling may be subject to an investigation by the FTC which could result in steep penalties and fines for not complying - up to $43,000 per day.
Taxes June 20, 2023
Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies
House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies.
Accounting June 20, 2023
Avalara Announces 51 Newly Certified Integrations into Business Applications
Avalara certified integration partners have met criteria developed by Avalara for performance and reliability.
Payroll June 20, 2023
The New Company Towns: Beware Employer-Subsidized Housing
Large companies like Meta and Tesla are creating developments with below market homes for employees. But do these "golden handcuffs" limit employee flexibility?
Advisory June 20, 2023
Commercial Insurance Rates Increased by 5.6% in Q1 2023
The aggregate commercial price change reported by carriers was an increase of 5.6%, up from the rate of 4.8% in the previous quarter.
Accounting June 20, 2023
EY Tops Rival Audit Firms in Public Company Clients
The Big Four firm audited 1,004 of the 6,950 public companies registered with the SEC in 2023, the most of any audit firm.
Accounting June 20, 2023
How Cloud Hosting Fuels Talent, Consolidation, and Data Security
Many firms are looking to technology solutions to address these challenges, streamline productivity, reduce security risks, and focus on revenue-generation.
Small Business June 20, 2023
Most Small Business Owners Don’t Want Their Kids to Inherit and Run Their Business
Among parents, nearly all (94%) want their children to forge their own path, rather than follow in their footsteps.
Payroll June 20, 2023
Paychex Charitable Foundation Donates $1 Million to National Urban League
The grant, which allocates $250,000 annually over four years, will support job training and workforce development programs in key markets where Paychex has a high concentration of employees.
Taxes June 20, 2023
Hunter Biden to Plead Guilty to Tax and Gun Charges
Hunter Biden has been charged with illegally possessing a handgun in 2018 as well as two tax misdemeanors, for failing to file and pay taxes on time in 2017 and 2018.
Accounting June 20, 2023
Grant Thornton Expands Private Equity Offerings
In these roles, McManus and Arata will provide Grant Thornton’s private equity clients and their portfolio companies with comprehensive solutions that help drive organic and inorganic strategic growth.