CPA Practice Advisor

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CFOs must stop treating AI as a collection of tools and use cases as they develop systems that allow AI to be productive...
05/30/2026

CFOs must stop treating AI as a collection of tools and use cases as they develop systems that allow AI to be productive at scale.-

CFOs must stop treating AI as a collection of tools and use cases as they develop systems that allow AI to be productive at scale.

Wisconsin Democrats are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming ...
05/29/2026

Wisconsin Democrats are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming of the U.S. Capitol-

A growing number of Wisconsin Democrats, including several sitting lawmakers and candidates for governor, are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming of the U.S. Capitol.

A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery price...
05/29/2026

A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an above-average pace-

A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an above-average pace.

Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income ta...
05/29/2026

Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.-

Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.

New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections-
05/29/2026

New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections-

New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections, making it easier for families to invest in this tax-advantaged savings vehicle created by the One Big Beautiful Bill Act, the tax agency said May 28.

Governor says amendment capping N Carolina’s income tax rate a “con” and a “shell game” that would put the burden for ra...
05/29/2026

Governor says amendment capping N Carolina’s income tax rate a “con” and a “shell game” that would put the burden for raising revenue on “regular” North Carolinians-

Gov. Josh Stein is calling a constitutional amendment capping North Carolina’s income tax rate a “con” and a “cynical shell game” that would put the burden for raising revenue on “regular” North Carolinians.

The U.S. Treasury Department has launched the Trump Accounts app, the next step in the pilot program that will give $1,0...
05/29/2026

The U.S. Treasury Department has launched the Trump Accounts app, the next step in the pilot program that will give $1,000 to some American children.-

The U.S. Treasury Department has launched the Trump Accounts app, the next step in the pilot program that will give $1,000 to some American children.

Technological solutions including AI tools can help bring the profession's focus back onto personal interactions.-
05/29/2026

Technological solutions including AI tools can help bring the profession's focus back onto personal interactions.-

Technological solutions including AI tools can help bring the profession's focus back onto personal interactions. How can AI help make the modern CPA practice more human?

The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include a...
05/29/2026

The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million-

The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million.

A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate t...
05/29/2026

A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions-

A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions, rather than requiring a ruling on the entire transaction, is being revived by the tax agency.

Basis reporting phases in for 2026 transactions, requiring proactive reconciliation to prevent underreporting flags.-
05/29/2026

Basis reporting phases in for 2026 transactions, requiring proactive reconciliation to prevent underreporting flags.-

Basis reporting phases in for 2026 transactions, requiring proactive reconciliation to prevent underreporting flags.

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