In a comment letter to the Internal Revenue Service (IRS) and Treasury, the American Institute of CPAs (AICPA) requested immediate guidance on enacted Section 174A, which relates to the treatment of domestic research and experimental expenditures. The guidance AICPA seeks would confirm that eligible small business taxpayers may immediately deduct 2024 domestic research costs on …
On July 2, 2025, the ASB issued a Proposed SAS on fraud in an audit of financial statements …
SCACPA is proud to support the next generation of Certified Public Accountants. As part of that commitment, the SCACPA Educational Fund has awarded scholarships to exceptional accounting students across South Carolina. For the 2025–26 academic year, the Educational Fund Trustees are pleased to announce that a total of $76,500 has been awarded to 41 outstanding …
Career ladders are limiting. Jungle gyms are liberating. Climb sideways. Pivot. Innovate. It’s time accounting teams to rethink how success is defined. …
By John J. Fenton, MBA, Executive Coach to CEOs & Managing Partners of CPA Firms Let’s have a direct conversation—leader to leader. Artificial Intelligence isn’t coming to destroy your firm. But it is going to disrupt the ones that insist on doing things “the way we’ve always done them.” That’s not a scare tactic. That’s …
This report offers valuable insights into the factors that influence whether governments adopt GAAP or rely on alternative frameworks …
The U.S. Senate unanimously passed the Filing Relief for Natural Disasters Act, following the House’s unanimous approval earlier this year. The bill now moves to the President’s desk for signature. Under this bipartisan legislation, once the state’s governor has issued a state-level disaster declaration, the Internal Revenue Service has the authority to postpone federal tax …
This week’s blog covers the activity of the major standard setters in the second quarter of 2025 …
The American Institute of CPAs (AICPA) issued a statement following the passage of H.R. 1. The bill passed the House on July 3 and was signed into law by President Donald Trump on July 4. In a July 3 statement, AICPA President and CEO Mark Koziel, CPA, CGMA, noted that although no bill is perfect, …
Your accounting story can inspire the next generation. Join the Center for Accounting Transformation’s Agents of Transformation initiative to help reshape how students and career explorers see the future of accounting …
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