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The Addition, ASCPA Weekly Digital Newsletter
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Megan Hughes
Helen Oglesby
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One Big Beautiful Bill Act: Tax deductions for working Americans and seniors
Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, 2025, as Public Law…
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Joint Senate PTET letter: Profession Urges the Senate to Retain Ability for all PTEs to Deduct State and Local Taxes at the Entity Level
June 6, 2025 The Honorable Mike Crapo, ChairmanSenate Committee on Finance219 Dirksen Senate Office BuildingWashington, DC…
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AICPA Statement on Proposed Changes to Structure of the Public Company Accounting Oversight Board
NEW YORK (April 28, 2025) -- The House Financial Services Committee has released draft language for a measure that would…
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Urgent: BOI Reporting Update - FinCEN Issues Interim Final Rule
FinCEN issues interim final rule removing requirement for U.S. companies and U.S. persons to report BOI. In addition to…
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Public comment requested on a Professional Ethics Executive Committee memo regarding private equity’s role in accounting firms
As private equity’s role in accounting firms continues to grow, a special task force of the AICPA’s Professional Ethics…
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Support for Federal Government Employees
In the wake of recent reports of workforce reductions at the IRS, AICPA CEO, Mark Koziel, has released the following…
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AICPA CEO Releases Statement on IRS Services for this Tax Season
AICPA CEO Releases Statement on IRS Services for this Tax Season Washington, D.C. (March 7, 2025) – In the wake of recent…
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Feb. 27 FinCEN Announcement
Late on Feb 27, FinCEN announced that “it will not issue any fines or penalties or take any other enforcement actions…
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BOI Reporting Deadline: March 21st
Today, FinCen posted that the reporting deadline is March 21st. Read Notice Here>>
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