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
To download the full list of bills, click here > For complete bill history, amendments, summary, and fiscal note information, please visit https://wapp.capitol.tn.gov/apps/billsearch/BillSearchAdvanced.aspx. TSCPA is monitoring SB 1316/HB 1330, SB 115/HB 57, SB 32/HB 477, and SB 40/HB 1047. Additional information on these bills can be found below. HIGHLIGHTED BILLS SB 1316 by J. Johnson/HB 1330 by
Legislative Update – February 2025 Read More »
BRENTWOOD, Tenn. – On Tuesday, Feb. 18, 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 Day on the Hill Read More »
https://www.journalofaccountancy.com/news/2025/feb/boi-reporting-deadline-extension-passes-us-house.html.html
BOI reporting deadline extension passes US House Read More »
TSCPA has stayed at the forefront of the national discussions related to talent shortages and the factors contributing to the decreasing number of accounting professionals across the U.S. Last fall, Chair Kelly Crow appointed the Human Capital Strategy Task Force. This 10-member task force was charged with studying and developing recommendations on how TSCPA should
Bridging the Gap: New CPA Licensure Legislation To Address the CPA Shortage Read More »