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.
Accounting April 11, 2025
South Carolina Treasurer Asks State Supreme Court to Stop Senate Hearing Over $1.8B Accounting Error
Facing a vote in the state Senate to remove him from office, South Carolina Treasurer Curtis Loftis is asking the state Supreme Court to stop the planned hearing in the General Assembly’s upper chamber.
Taxes April 11, 2025
China Calls Trump Levies a ‘Joke,’ Caps Tariffs on U.S. at 125%
Beijing will raise tariffs on all U.S. goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year.
Taxes April 11, 2025
Pennsylvania Supreme Court Hears Arguments for Pittsburgh’s Jock Tax Collection
The fee often called the "jock tax" is a 3% charge applied to income out-of-state athletes and performers make while using PPG Paints Arena, PNC Park and Acrisure Stadium in PIttsburgh.
Taxes April 10, 2025
IRS Could Lose Billions in Revenue Due to Fewer Unauthorized Immigrants Paying Taxes
The IRS is at risk of losing an estimated $313.3 billion in revenue over the next 10 years as undocumented immigrants could become less likely to file taxes if they fear their tax information could be used to deport them.
Small Business April 10, 2025
Automated Tax Systems Help Relieve Tariff Stress of Cross-Border Trade
With rising tariffs, fluctuating de minimis thresholds, and evolving trade restrictions, staying compliant while maintaining a seamless customer experience is more difficult than ever.
Taxes April 10, 2025
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified U.S. tariffs on China rose to 145%.
Taxes April 10, 2025
Minnesota to Consider Tax on Social Media Platforms
Large social media platforms like Facebook, Instagram, TikTok, and X would pay a tax on the collection of user data, which they sell to advertisers.
Taxes April 10, 2025
House Republicans Approve Trump Budget Plan
President Donald Trump is pushing for what he has branded as “one big, beautiful bill,” including all major planks of his agenda for tax cuts, mass deportations, and a smaller federal government.
Taxes April 10, 2025
What is the Average Tax Refund Amount in Your State?
The average federal tax refund amount varies widely across states, with the highest refunds for taxpayers located in parts of the South and Mountain West, according to a new analysis from Upgraded Points.
Payroll April 10, 2025
Workplace Hostility Reaches a Boiling Point
Toxic behaviors are increasingly eroding workplace culture, with 30% of employed U.S. job seekers reporting employees are more confrontational than they were three years ago, a new survey reveals.
SEC April 10, 2025
Wall Street Consultant Paul Atkins Confirmed to Head SEC
The U.S. Senate confirmed Paul Atkins as chair of the U.S. Securities and Exchange Commission, ushering him into the role only a week after President Donald Trump’s sweeping tariffs unleashed market turmoil.
Taxes April 10, 2025
House Delays Vote on Tax and Debt Limit Bill
Lawmakers have until the end of the year to act before those first-term tax cuts expire, though Republican leaders are anxious to quickly lock in a new round of reductions and the conflict over safety-net cutbacks presents an obstacle.