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 April 8, 2025
Trump Increases Tariffs on Some Chinese Products to 104%
That package includes previous levies applied because of the fentanyl crisis, his reciprocal tariffs, as well as an additional retaliation Trump announced after Beijing said it would tax U.S. exports to China.
Payroll April 8, 2025
Easter Spending Expected to Reach $23 Million
According to the survey, the most popular Easter purchasing categories include candy (92%), food (89%), gifts (65%), decorations (51%) and clothing (49%).
Taxes April 8, 2025
Republicans Float Idea of a Top Tax Rate of 40% for Millionaires
Republicans are reportedly mulling the idea of creating a new top tax rate that would be around 39% to 40% as a way to offset some of the costs of their tax package.
Accounting April 8, 2025
Georgia Reforms CPA Licensure Process, Broadens Professional Mobility
This legislation introduces significant reforms to the CPA licensure process and broadens practice privilege mobility, reflecting Georgia's commitment to a dynamic and accessible accounting profession.
Firm Management April 8, 2025
Essential Cybersecurity Tips to Safeguard Your Clients During Tax Season
Cybercriminal activity like phishing emails, fake IRS scams and malware-infected software ramp up during this period, targeting both businesses and individual filers.
Taxes April 8, 2025
How Much Do the Top 1% Pay in Taxes in Each State?
The total income tax for the top 1% is more than $50 billion in four states, according to a GOBankingRates report—California ($122 billion), Florida ($96 billion), Texas ($81 billion), and New York ($79 billion).
Payroll April 8, 2025
What to Do With Your 401(k) Amid Market Turmoil (Hint: Don’t Panic)
Financial experts join President Trump in advising people to hold the line amid market fluctuations.
Accounting April 8, 2025
After $1.8B Accounting Error, South Carolina Looks to Change External Auditor
South Carolina lawmakers want to move on from outside independent auditor CliftonLarsonAllen after a 20-year relationship.
Accounting April 8, 2025
Trump Administration Wants $1 Trillion Budget for Defense, Cuts to Social Security
President Donald Trump said his administration had approved a defense budget in the “vicinity” of $1 trillion.
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.