BRENTWOOD, Tenn. – On Wednesday, Jan. 21, the Tennessee Society of CPAs (TSCPA) hosted members from across the state at the Capitol for the society’s annual Day on the Hill event. Throughout the day, TSCPA members met with legislators to discuss issues of importance to the CPA profession in Tennessee. In their meetings with legislators, […]
Tennessee Society of CPAs Hosts Annual Day on the Hill Read More »
On July 10, the U.S. Senate unanimously passed H.R. 517, the Filing Relief for Natural Disasters Act, allowing the U.S. Department of the Treasury and the IRS to grant tax relief when a governor declares either a disaster or state emergency. The bipartisan bill was unanimously passed in the House at the end of March and was signed into law
Congress Passes Act Enabling Tax Relief for State-Declared Disasters Read More »
The path to CPA licensure in Tennessee has expanded with the recent passage of SB 1316/HB 1330, known as the Less is More Act of 2025. Cosponsored in the Tennessee General Assembly by Senate Majority Leader Jack Johnson and House Majority Leader William Lamberth, the legislation adds an additional pathway to CPA licensure as well as protects interstate practice privileges for CPAs.
A New Path to CPA: Exploring Tennessee’s Licensure Options Read More »
July 24 Update: On July 24, the Filing Relief for Natural Disasters Act was signed into law by President Donald Trump. Introduced in the U.S. House of Representatives in January of this year, the legislation is cosponsored by Reps. David Kustoff, R-Tenn., and Judy Chu, D-Calif. It unanimously passed in the House at the end of March
Filing Relief for Natural Disasters Act Signed Into Law Read More »
On July 3, the U.S. House of Representatives passed H.R. 1, the One Big Beautiful Bill Act (OBBB), sending it to President Donald Trump for his signature. The House passed the version of the bill that was passed July 1 in the Senate, which included the Senate manager’s amendment. The bill was signed into law by the
Congress Passes One Big Beautiful Bill Act Read More »
The Office of the Senate Parliamentarian recently ruled that a provision in the One Big Beautiful Bill Act (OBBBA) to defund the PCAOB and transfer its functions to the SEC is not permissible. The House of Representatives passed the OBBBA on May 22 and moved it to the Senate, where the Senate’s parliamentarian determines if
Senate Parliamentarian Rules Elimination of PCAOB Not Permissible Read More »
https://www.tn.gov/revenue/tax-resources/legal-resources/legislative-summaries/2025-legislative-summaries-.html
Tennessee Department of Revenue 2025 Legislative Summaries Read More »
May 21 Update: On May 21, Gov. Bill Lee signed SB 1316/HB 1330, known as the Less is More Act of 2025, into law. This bill includes the TSCPA-supported changes to the accountancy statute that will provide individuals with an additional pathway to licensure and expand interstate mobility in Tennessee. TSCPA believes these changes will provide students
On April 21, the Tennessee General Assembly passed SB 1316/HB 1330, which aims to streamline various aspects of state licensing boards. First filed for introduction on Feb. 6, the legislation addresses critical workforce challenges facing the accounting profession by expanding pathways to CPA licensure in the state. In addition, the legislation enhances and modernizes CPA
Tennessee Passes CPA Licensure Bill Read More »
On Thursday, April 10, the Tennessee House of Representatives passed HB 1330, legislation that includes changes to CPA licensure and mobility in the state. Supported by TSCPA, the legislation provides two pathways to licensure for prospective CPAs. Applicants may either 1) complete a bachelor’s or master’s degree with at least 150 hours of college education