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  • AICPA Seeking Input on 2024 CPA Exam Blueprints

    July 20, 2022

    The proposed 2024 CPA Exam, redesigned in response to the changing landscape of accountancy and focused on competencies crucial to the success of newly licensed CPAs, is available for review and comment.

  • Congressional Democrats faced with ticking clock on reconciliation package

    July 19, 2022

    Reconciliation Bill Deadline Looms in Congress – Potential Impact on Corporations As negotiations continue on the fast-approaching reconciliation bill, the AICPA remains active in its advocacy efforts, which includes pushing back on the implementation of a minimum book income tax on corporations. During negotiations, major components of the reconciliation package could change or be dropped altogether from a final package while new provisions could be added. The deadline to pass a reconciliation bill is September 30; with a long August recess scheduled, there is little time to pass a bill and sign into law.

  • AICPA Releases New Quality Management Standards

    June 27, 2022

    Four Standards Reflect a More Risk-Based, Scalable and Customized Approach to Quality The American Institute of CPAs’ Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality. The new standards modernize quality control and reflect new realities in practice, such as an increased emphasis on risk assessment, changes in technology and the growing use of external service providers.

  • Taxpayer Advocate Coalition Releases Statement on IRS Actions Offering Limited Taxpayer Relief

    January 27, 2022

    The Tax Professionals United for Taxpayer Relief coalition have released a statement in response to recent actions by the Internal Revenue Service (IRS) to suspend “some notices to taxpayers” for the upcoming tax filing season.

  • AICPA Comments on Recent IRS Statement: ‘We Believe That There Is More They Can Do’

    January 27, 2022

    Following calls by the Tax Professionals United for Taxpayer Relief Coalition, and members of both the Senate and the House for the Internal Revenue Service (IRS) to provide meaningful relief to taxpayers ahead of this tax filing season, the IRS announced today its intention to stop some notices to taxpayers as they increase resources to process backlogged files

  • Staffing and COVID-19 relief programs are firms’ top concerns in 2021

    August 27, 2021

    Finding qualified staff is an enduring concern that continues to challenge CPA firms this year, according to the 2021 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey. Hiring staff emerged as the No. 1 issue affecting firms that employ 6–10, 11–20, or 21 or more professionals.

  • SBA may be dropping PPP Loan Necessity Questionnaire requirement

    June 25, 2021

    The Associated General Contractors of America (AGC) said that the U.S. Small Business Administration (SBA) is in the process of removing the requirement that Paycheck Protection Program (PPP) borrowers submit a Loan Necessity Questionnaire when applying for forgiveness on loans of $2 million or more.

  • SBA stops accepting new PPP applications from most lenders as general funds run out

    May 5, 2021

    The U.S. Small Business Administration (SBA) has stopped accepting new Paycheck Protection Program (PPP) applications from most lenders almost a full month before the $292 billion program’s application deadline.

  • IRS postpones April 15 deadline

    March 18, 2021

  • House passes PPP deadline extension in 415-3 vote

    March 17, 2021

    House passes PPP deadline extension in 415-3 vote.