The IRS and the Treasury Department have announced paper refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025, per the executive order from President Trump signed in March.

Maryland has lost more than 15,000 federal jobs since January, with 2,500 jobs lost in August alone, according to a state Department of Labor report.

More than 400 new laws are set to take effect in Maryland next Wednesday. But there are some still on the books that lawmakers should consider removing.

The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy.

As Maryland’s workforce continues to shed federal jobs at the fastest rate in the U.S., experts still aren’t sure where the bottom is.

What is the biggest problem with AI today? It's leadership.

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed electronically.

Next week, 430 new laws will go into effect in Maryland. Here is a look at some others being implemented Oct. 1.

Hundreds of federal employees who lost their jobs in Elon Musk's cost-cutting blitz are being asked to return to work.

The special per diem rates that a taxpayer may use in substantiating travel and business expenses under the per diem substantiation method remain the same as the previous year.

Maryland closed fiscal 2025 with a $521 million surplus — a short-term win that masks deep volatility and looming deficits with significant consequences for both state and county budgets.

Federal Reserve Chair Jerome Powell said on Tuesday that the central bank should put more emphasis on firming up the labor market and less on ensuring price stability even as he flagged growing risks from both rising unemployment and higher inflation.

Finance chiefs are “breathing a little easier” as some tariff-related uncertainty ebbs, though the potential for price hikes remains.

Audits have long been the foundation of trust in financial reporting, but that foundation is now under strain.

The accounting profession has experienced an unprecedented increase in private equity and private credit activity in recent years, significantly transforming the landscape of client advisory services.

With evolving regulations, geopolitical challenges, and various frameworks to navigate, developing an ESG strategy that satisfies stakeholders is no small feat for many businesses — but for accounting firms, these challenges can spell opportunity.

The National Association of State Boards of Accountancy today relaunched CPAmobility.org to help CPAs determine where and how they can practice across state lines.

A new report on Americans' AI views highlights their concern over the technology's impact on human cognition, like creativity, problem-solving, forming meaningful relations, and making hard decisions.

In a letter submitted to the Treasury Department and the IRS, the American Institute of CPAs has requested the improvement of several tax forms used by estates and trusts.

Congress is staring down a Sept. 30 deadline to extend federal funding and avoid a government shutdown after competing proposals from Republicans and Democrats were blocked Friday in the Senate.

Maryland Gov. Wes Moore’s sales pitch to bring more businesses to Maryland has focused on a few key areas — “lighthouse” industries, as he calls them. The brightest lighthouse is also the riskiest: The emerging world of quantum computing.

Maryland lost another 2,500 federal jobs in August, the second month in a row that the state has led the nation in federal job losses, according to numbers released Friday by the Maryland Department of Labor.

Investors and banks are likely to help set any new timeline for public company reporting as regulators press ahead on President Donald Trump's bid to end quarterly reports, U.S. Securities and Exchange Commission Chairman Paul Atkins told CNBC.

Businesses are moving more AI pilots into production in concert with strengthened governance, according to KPMG’s AI Quarterly Pulse Survey for Q3.

FASB has amended its guidance on accounting for internal-use software costs.

The IRS has issued proposed regulations on the new deduction for tip income contained in the sweeping tax legislation passed over the summer. www.journalofaccountancy.com/news/2025/se...

Drawing on responses from more than 150 tax practitioners across firm sizes, a new report from Blue J and CPA.com uncovers a widening performance gap between those adopting AI-powered tax research solutions and those still using legacy tools.

The IRS has issued guidance that provides tax relief for farmers and ranchers in applicable states and regions who sold or exchanged livestock because of drought conditions.

The Trump administration warned Maryland officials not to award contracts based on sex and race in the reconstruction of Baltimore‘s Francis Scott Key Bridge.

The blend of technology-driven efficiency and human insight is fast becoming the norm in organizations that have embraced modern accounting tools, especially with the onset of AI.

As private equity firms buy up businesses across many industries, finance chiefs are navigating a more complicated leadership structure.

Two outstanding business leaders have been chosen by the MACPA as Maryland’s “Women to Watch” for 2025. The honorees are Sarah Glynn, CPA, of GRF CPAs & Advisors, in the “Emerging Leader” category; and Susan Colladay, CPA, also of GRF CPAs & Advisors, in the “Experienced Leader” category.

NASBA and the AICPA on Wednesday issued an exposure draft of proposed changes to the "Statements on Standards for CPE Programs."

The Federal Reserve on Wednesday trimmed the benchmark interest rate by a quarter point to a range between 4% and 4.25%, citing weakness in the job market and forecasting two more quarter-point cuts this year.

The Securities and Exchange Commission answered President Donald Trump’s renewed call to drop the requirement that public companies report earnings quarterly, saying in a statement late Monday that they would prioritize the matter.

The American Institute of CPAs' Peer Review Board has proposed updating its peer review requirements as more accounting firms receive private equity funding and set up alternative practice structures to comply with state laws.

The PCAOB has released a new edition of Data Points: “Who Audits Emerging Growth Companies?"

While talking on topics like AI risk and auditor accountability, former PCAOB Chair Erica Williams said CFOs must double down on compliance while promoting a culture that encourages whistleblowing.

Maryland Comptroller Brooke Lierman launched her reelection bid on Wednesday, asking voters to give her four more years as the state’s top tax collector so she can continue to modernize the office.

The AICPA's Peer Review Board is seeking comment on a change to its peer review program that would centralize the administration of peer reviews of firms operating under alternative practice structures, including those with private equity investments.

The Treasury Department and the IRS issued final regulations on Sept. 15 that address several SECURE 2.0 Act provisions relating to catch-up contributions.

The IRS has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful Bill Act.

The 2025 Accounting Talent Index shows a profession under pressure, with the talent shortage continuing to threaten the future of firms.

The White House Office of Management and Budget’s Cost Accounting Standards Board last week announced one final rule and one proposed rule that would eliminate more than 60 requirements that the board considers “unnecessary and redundant.”

The AICPA's Professional Ethics Executive Committee has issued an exposure draft proposing revisions to the “Tax Services” interpretation.

The accounting profession is evolving faster than ever before, and firm leaders seek clarity on what they must do — not just what they can do — to build sustainable, future-ready organizations.

2025 has become the year of agentic AI, marking the latest advance in AI technology after the still-evolving generative applications that preceded it.

The FBI has released an alert warning that two hacker groups have been targeting Salesforce instances for extortion and data theft.

Businesses are struggling to accurately forecast their artificial intelligence costs, which are scaling faster than most organizations can track them, according to the results of a survey commissioned by AI cost management firm Mavvrik.

Advocates say ditching 10Qs would enable more focus on long-term planning, but some finance execs view the process as an early warning system, experts say.