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IRS Criminal Investigation released its Fiscal Year 2025 Annual Report PDF on Dec. 11, 2025, showcasing banner investigative results fueled by new partnerships and innovative financial investigative techniques. The report details how IRS-CI’s approximately 3,000 employees worked to safeguard the global financial system and identify $10.59 billion in financial crimes during FY25, which took place from Oct. 1, 2024, to Sept. 30, 2025.

The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2026-6 PDF allowing States, including the District of Columbia, to make an Advance Election to participate in a new tax credit for calendar year 2027. This new credit, established under the One, Big, Beautiful Bill, is for contributions to Scholarship Granting Organizations that serve elementary and secondary school students from low- and middle-income families.

The money will partly offset the loss of tax credits that subsidize health premiums under Obamacare.

As we look ahead to 2026, new research from talent solutions and business consulting firm Robert Half shows that some professionals are putting a new job at the top of their wish list. A new survey from the company reveals that 38% of employed workers in the U.S. plan to look for a new job in the first half of the year — this is up from 27% in July and 29% one year ago.

A new report from CPA.com and the AICPA creates a snapshot of what a typical audit firm transformation looks like, based on feedback from 54 U.S. firms of various sizes and maturity levels.

$10 Billion of Added Deposits Since 2021; Improved Funded Ratios for SERS and TRS to 60% and 64%, Respectively, Up From 37% and 52% in 2018

The Office of Management and Budget (OMB) posted the delayed 2025 OMB Compliance Supplement, an annual resource for practitioners involved in single audits and federal grant compliance.

The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-05 PDF providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. These changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs.

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the navigability of the required interim reporting disclosures and clarifies when that guidance is applicable. It also provides additional guidance on what disclosures should be provided in interim reporting periods.

Back to the basics. Paul Atkins, installed as SEC chair in April, hammered that home Monday when he addressed attendees of the AICPA Conference on Current SEC & PCAOB Developments in Washington, D.C.

The CTCPA, AICPA, and other state CPA societies wrote to U.S. Department of Education Secretary Linda McMahon imploring the department to include accounting as a professional degree.

The accounting and finance profession is changing faster than ever, and CTCPA is committed to ensuring our members stay ahead of those changes. While we continue to deliver the day-to-day support you rely on, from advocacy and regulatory guidance to professional education and community connection, we are equally focused on preparing you, your organizations, and your staff for what comes next.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that establishes authoritative guidance on the accounting for government grants received by business entities.

Lawmakers willing to pay down debt more slowly, if households benefit.

The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA) for eligible children.

The IRS finalized regulations for the 1% excise tax on corporate stock repurchases under Sec. 4501 — and one heavily criticized proposed provision is gone.

By building a brand that reflects your passions, you can stand out from the crowd and attract valuable opportunities.

President Trump signed the Internal Revenue Service Math and Taxpayer Help Act into law, requiring the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices, identify the item that's being changed, and explain why a tax refund is higher or lower than expected.

The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing. This is the first in a series of special IRS "Get Ready" reminders to help taxpayers prepare in early 2026 for the upcoming tax filing season. A little advance work preparing paperwork and organizing information now can help with filing tax returns quickly and accurately.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) to clarify and improve hedge accounting guidance.