News & Updates

The VSCPA urges Congress to oppose provisions included in the House Ways and Means Committee’s tax reform legislation that unfairly target the ability of service businesses structured as pass-through entities to deduct their state and local taxes (SALT) from their federal tax liability while providing no such limit to other businesses.

Although popular and successful in other industries, returnships have remained largely untouched by the accounting profession. Experts share why CPA firms should consider tapping into this retention tool to combat the ongoing talent crisis.

Ups (passing pipeline legislation) and downs (threats to rolling conformity) made this year’s Virginia General Assembly one for the books.

To ensure Virginia citizens receive services from well-skilled CPAs equipped with the latest knowledge, the Virginia Board of Accountancy requires CPAs to take a certain amount of continuing professional education (CPE) each year. If you fall behind on this requirement, you could be subject to fines or other consequences after a CPE audit.

No longer a luxury tool for large companies, Customer Relationship Management (CRM) systems can help businesses of all sizes enhance operations and grow revenue.

Burnout is fueling workplace frustration, cynicism and absenteeism. Leaders can chart a path forward and right the ship.

In an era where cyber threats are evolving at an unprecedented pace, the importance of robust cyber insurance coverage for nonprofits cannot be overstated. However, many nonprofit organizations find themselves facing challenges when it comes to understanding and navigating their cyber insurance policies.

In 2025, a new CEO of the American Institute of CPAs and Association of International Certified Professional Accountants took the reins from long-time leader Barry Melancon, CPA, CGMA. Mark Koziel, CPA, CGMA, has hit the ground running to get acclimated to his new position.

When is the best time to start collecting Social Security retirement benefits? This issue is complex; every person’s situation is unique. The best decision for one person may not be correct for another in a different situation.

The VSCPA reviewed the Exposure Draft to the Uniform Accountancy Act, Eighth Edition - January 2018 — issued by the AICPA and NASBA on March 4, 2025.

Generative AI options range from publicly available platforms to custom-built systems and include essential programs that also make use of generative AI, such as technical research software. Regardless of the platform or software, CPAs are increasingly asking, “Should we inform our clients about our use of generative AI, and if so, how?“

The VSCPA Accounting & Auditing Advisory Committee (Committee) reviewed the Exposure Draft (ED) Accounting for Government Grants by Business Entities (Topic 832), issued by the Financial Accounting Standards Board (FASB).

For decades, most accounting firms relied on partners to handle sales and business development. But as the profession modernizes, firms are recognizing that sustainable growth requires a specialized approach.

For Immediate Release Emily Walker, VSCPA (804) 612-9428 ewalker@vscpa.com Richmond (Feb. 17, 2025) — The Virginia Society of Certified Public Accountants (VSCPA) applauds the Virginia House and Senate for passing VSCPA-backed legislation to address a crucial barrier preventing accountants from

The VSCPA Accounting & Auditing Advisory Committee has reviewed the Exposure Draft (ED) — Subsequent Events, issued by the Governmental Accounting Standards Board.