Accounting February 6, 2026
AICPA News – Feb. 2026
AICPA News is a round-up of recent announcements from the American Institute of CPAs, the Association of International CPAs, and the Chartered Institute of Management Accountants (CIMA).
March 31, 2021
New York State Legalizes Recreational Marijuana
Adults over 21 will also be allowed to grow marijuana at home. It will be a while before legal sales begin or plants are allowed to grow as the newly-created Office of Cannabis Management is formed and finalizes rules and regulations.
March 31, 2021
IRS Says Taxpayers Should Not File Amended Tax Returns Due to Stimulus Law
The IRS is strongly urging taxpayers to not file amended returns related to the new provisions in ARPA or take other unnecessary steps at this time.
March 30, 2021
Picassos or Teeny Beanie Babies: NFTs Providing “Ownership” of Digital Assets
With NFT sales skyrocketing, it won’t be long before tax ramifications come into play which accountants need to be prepared for. Considerations such as whether a sale is subject to short or long-term capital gains become increasingly complex as ...
March 29, 2021
With Ability to Work Remotely, More New Yorkers Migrating to Sunny South Florida
Spurred by high taxes, out of state newcomers are settling down in South Florida as employers allow — or even encourage — remote work, according to various real estate agents in the tri-county area. Most of the newcomers are heading down from the northeas
March 29, 2021
The Future Workforce will be More Flexible, Says Survey
Job seekers are becoming more open to opportunities outside their current roles, pointing to a future workforce that is more skilled and more apt to transition into new industries.
March 29, 2021
SEC Accepts 2021 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The 2021 GAAP Taxonomy contains updates for accounting standards, improvements for two SEC final rules, and other recommended improvements.
March 29, 2021
U.S. Employers Promoting Covid Vaccinations, But Not Requiring Them
80% of employers say vaccinations will allow them to move to a new normal in terms of returning to the workplace. Yet, relatively few employers (10%) believe vaccines should be mandatory.
March 29, 2021
American Airlines Ramping Up Full Fleet, Expects High Bookings
American Airlines expects to “reactivate most of its aircraft in the second quarter” after seeing a major increase in bookings that has brought business back to near pre-pandemic levels.
March 29, 2021
NightDragon and Armanino Partner to Accelerate Path to Public Markets
Armanino LLP, one of the 25 largest accounting and business consulting firms in the U.S., is teaming with NightDragon, a dedicated cyber, security, safety and privacy (CSSP) platform that helps scale companies from incubation to IPO, to launch a ...
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March 29, 2021
104 Year-Old NY Accounting Firm Opens Modern, Hybrid Worker Office
To support the expectation that more employees will have a hybrid work schedule—part remote and part in office—each workstation has been equipped with a locker for employees to store individual items. This feature provides safety for the employees’ ...
March 28, 2021
How Covid Changed the Accounting Profession for Good
As we reach the one year anniversary of stay-at-home mandates across the nation, it’s important to reflect on how COVID-19 has changed the accounting and tax industry as we knew it. For the past year, many of us have been waiting to return to “normal,” ..
March 28, 2021
21% of Business Execs Plan to Reduce Office Space Post-Covid
21 percent of business executives said their companies expected some downward revision in office space in the coming year, compared to 18 percent in the third quarter last year. The lack of action by others reflects to a large degree the ...