News & Updates

As the 2026 Virginia General Assembly session continues, we're highlighting several tax policy proposals. While these bills are still evolving and may not even pass, members should be aware of key themes that may influence planning and compliance in the future.

The AICPA expressed support in January for bipartisan legislation intended to promote greater national fiscal transparency and released survey data showing that a majority of Americans support such transparency.

Accounting undergraduate enrollment in U.S. colleges and universities rose for the third consecutive year in fall 2025, outpacing growth overall for undergraduate institutions, according to data from the National Student Clearinghouse.

CPAs with an international practice are now frequently confronted with an understandably perplexed foreign citizen client who forwards to them a package of dense documentation from their U.S. investment adviser, and the client then naturally wants to know how making this investment could affect their U.S. tax exposure.

The IRS Advisory Council’s (IRSAC’s) annual report included a strong defense of the agency and its employees and criticism of budget and staff cuts amidst passage of a massive bill with more than 100 tax law changes.

With Spanberger taking office, lawmakers reconvene this week to tackle abortion, voting rights, redistricting and a new state budget amid fiscal headwinds.

It's not uncommon for accountants to begin questioning their career options once they have reached a certain level of proficiency. Here are four steps to help manage a potential career transition.

True financial wellness isn’t just about crunching numbers — it’s about fostering a holistic approach that builds confidence and security in managing money. By integrating strategies that enhance financial understanding along with emotional well-being, CPAs and accountants can guide clients toward creating lasting habits that lead to long-term financial stability and success.

A USPS final rule clarifies that the date displayed on a machine-applied postmark represents the "date of the first automated processing operation" performed at a processing facility, rather than the date the mail was dropped off. This ruling could significantly affect tax filings.

Many CPA firms have recognized the growing demand for advisory services, yet they often struggle with properly valuing and pricing these offerings. The transition from traditional compliance work to advisory roles presents a significant opportunity for firms, but only if they approach it with the right mindset and strategy. The following six steps will set you on the right path.

Reversing a district court, the Eleventh Circuit held Dec. 16, 2025, that the Corporate Transparency Act (CTA), which mandated beneficial ownership information (BOI) reporting, is constitutional and remanded the case for further proceedings.

This year’s update for tax professionals is available on the Virginia Department of Taxation website. The update includes valuable information about legislative changes to Virginia taxes, reminders, and resources. Running time: 23 minutes

Inspiration. Integrity. Self-awareness. Respect. Compassion. Resilience. These are all common qualities we think of when determining what a successful leader looks like in our current professional environment. For aspiring leaders within the accounting industry, the logical next question is: How does that translate into skills I need to become a successful leader in my company?

Professors from Wharton and UCLA break down the latest research on generative AI and what it tells us about a potential AI bubble.

On Thursday, the IRS released its Criminal Investigation division’s FY 2025 Annual Report, identifying more than $10.59 billion in financial crimes between Oct. 1, 2024, and September 2025.

A remote workforce increases corporate vulnerabilities for perpetrators to exploit. These vulnerabilities often make a company's complex security setup less effective.

The CPA profession now offers dynamic, technology-driven career paths that extend far beyond traditional tax and audit work. One of the most promising paths is client advisory services (CAS), a rapidly growing niche in which accountants combine financial expertise, technology, and business insight to help organizations grow.

A formal, detailed onboarding process is key to helping an external hire add value quickly. Here are six steps to help create your own process.

You need more than a good reputation and proficient performance to differentiate yourself and your brand in accounting organizations where many team members demonstrate exceptional abilities. Establishing a unique personal professional brand (personal brand for short) will enhance your visibility

The VSCPA joined the AICPA and other state societies to urge the U.S. Department of Education to including accounting programs leading to CPA licensure within its definition of "professional degree."