News

• Jul 24, 2025

  Vermont Society of CPAs Announces 2025-2026 Board Leadership

    The Vermont Society of CPAs is pleased to announce the election of its Executive Committee and Board of Directors for the 2025-2026 term. The leadership team brings a diverse range of experience and expertise that will support the Society's mission to serve, support, and advocate for Vermont's accounting…
• Jul 23, 2025

  UAA Ninth Edition now available

  The ninth edition of the Uniform Accountancy Act (UAA) is now available. Forward-looking solutions in the updates include the feedback gathered during the exposure periods from VT CPA and our colleagues in other state CPA societies. Some of the key changes include: Enables states to adopt a third,…
• Jul 1, 2025

  Essex CHIPS is looking for a Treasurer

  This is a great volunteer opportunity!The Essex CHIPS mission is to support, engage, inspire, and empower youth to make healthy decisions and become active community members and leaders. Essex CHIPS provides after-school programs at no cost for 4-9 graders 4 days a week. We evolved from two other…
• Jun 3, 2025

  VT CPA Elects New Board and Honors Longtime Advocate Frank Cody at 2025 Annual Meeting

  VT CPA proudly convened its 2025 Annual Meeting on May 29 in a celebratory gathering of professionals, students, and state leaders. The event marked an important moment of transition and recognition for the Society and the wider accounting community in Vermont. One of the central highlights of the meeting…
• May 17, 2025

  AICPA Call to Action on PTET--updated 05/19/2025

  Please be aware that the AICPA has issued an all-member call to action regarding proposed federal legislation on the Pass-Through Entity Tax (PTET). You can see the call to action here:  <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.aicpa-cima.com%2Fresources%2F…
• Apr 29, 2025

  House Committee Proposes Elimination of PCAOB

  Republicans on the House Financial Services Committee have proposed legislation that would eliminate the Public Company Accounting Oversight Board. Rules and processes currently overseen by the PCAOB would carry over to the Securities and Exchange Commission. The Committee is scheduled to consider the…
• Mar 22, 2025

  Update on BOI: FinCEN issues Interim Final Rule 03/21/2025

  FinCEN issued an Interim Final Rule (IFR) removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI). The rule also updates filing deadlines for foreign entities: Foreign entities registered before the IFR's publication must file BOI reports within 30 days of that…
• Mar 4, 2025

  New UAA draft is open for comment and your feedback is requested!

  After considering the comments the joint AICPA and NASBA committee received about the first draft of the UAA, they have refined the language in a new proposed draft. Major changes from the first draft include: Language that recommends expanding the pathways to licensure to include a…
• Mar 3, 2025

  Update on BOI announcement of no fines or enforcement at this time--New info 3/3/25

  UPDATE 3/3/25: The Secretary of the Treasury Department, Scott Bessent, announced the Department will not enforce penalties or fines associated with the BOI reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against US citizens or…
• Feb 19, 2025

  BOI Update 2/19/25: Injunction lifted--UPDATED with FinCEN deadline 1 PM

  New information: On February 19, FinCEN announced that March 21 is the new filing deadline for most companies. This date must be met to avoid penalties of $591/day.  On February 17, the district court in the Samantha Smith case signed an order lifting the injunction. The…