News & Updates

The CPA exam is hard. There’s no way around it, but hard doesn’t mean impossible.

Accounting firms are investing heavily in AI as a way to manage ongoing talent shortages. Automation is helping reduce pressure on teams, speed up routine work, and improve efficiency across compliance and advisory. But there’s a risk in how the conversation is evolving.

When emotional intelligence and psychological safety work together, they create stronger organizations, improve decision-making and reduce organizational risk.

In November of 2025, Oak Hill, a 1,200-acre property housing the Loudoun home of President James Monroe, was donated in a part-sale/part-gift to The Conservation Fund. Prior to the transfer, the property was held privately by the same family for seven decades.

Retirement accounts are attractive targets for cybercriminals. These five simple habits can dramatically reduce your risk.

Virginia's newly enacted biennial budget brings a mix of permanent tax relief, targeted new deductions, and structural changes that practitioners should build into client planning now.

Clients frequently turn to trusted advisers for guidance during difficult moments, and accountants can play a critical role in helping individuals and businesses recognize fraud red flags and avoid becoming victims.

Most AI tools available to firms today are sophisticated question-answerers: you ask, they respond, and the work of applying that answer is still yours.

If you are buying or selling a CPA firm, your purchase agreement should cover these five essential deal terms accurately, completely, and simply.

Fixed asset management isn't exciting but it's easy to get wrong. That makes it an under-served advisory opportunity.

A difference in wording is not necessarily a problem. Yet at the same time, a material change in purpose or activity may be.

As of July 1, 2026, a new pay transparency law is in effect in the Commonwealth requiring employers to disclose wage or salary ranges in job postings.

The IRS has implemented a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

More than 90% of senior finance leaders are facing moderate to significant career pressure to demonstrate that agentic AI is delivering ROI, with the majority of respondents to a global survey painting a picture of speed often being valued over governance and accountability.

The VSCPA submitted comments on July 27, 2026, to the SEC on the Proposed Rule on Registered Offering Reform.

According to the state revenue outlook report for summer 2026 prepared by Multistate, Virginia's short-term fiscal outlook remains stable.

The 2027–2030 proposed strategic plans for the Professional Ethics Executive Committee and the Peer Review Board are available for comment by Aug. 31.

In fall 2026, the Virginia Department of Taxation will launch updated online services as part of a four-year modernization process.

The goal is to create good habits around AI use from the start. To foster these good habits, thoughtfully created and carefully implemented policies can help.

A practitioner-led initiative to spark high school students’ interest in an accounting career is showing promising results.