Bill Sheridan
@billsheridan.bsky.social
Cuba, NY, native. University at Buffalo alum. Adopted son of Baltimore and St. Louis. Speaker, author, and one of accounting's Most Influential People for 2016. (he/him/his)
Marylanders are spending more time on the road, with the state’s average one-way commute time rising to 31.5 minutes in 2023 – the second longest commute in the country, according to the latest Census Bureau data.
Maryland has the second highest commute time in the U.S., new numbers show - Maryland Matters
Marylanders are spending more time on the road, with the state’s average one-way commute time rising to 31.5 minutes in 2023 – the second longest commute in the country, according to the latest Census...
marylandmatters.org
December 1, 2025 at 2:04 PM
Marylanders are spending more time on the road, with the state’s average one-way commute time rising to 31.5 minutes in 2023 – the second longest commute in the country, according to the latest Census Bureau data.
The "One Big Beautiful Bill Act" is poised to affect individuals and business owners across the United States, including those in Maryland. www.bizjournals.com/baltimore/ne...
One Big Beautiful Bill Act brings tax changes for Maryland businesses and individuals - Baltimore Business Journal
By making permanent several provisions from the 2017 Tax Cuts and Jobs Act (TCJA) and introducing new tax policy priorities, the OBBBA could have significant implications for business strategies and i...
www.bizjournals.com
December 1, 2025 at 2:03 PM
The "One Big Beautiful Bill Act" is poised to affect individuals and business owners across the United States, including those in Maryland. www.bizjournals.com/baltimore/ne...
The growth of artificial intelligence (AI) may eventually lead to fewer entry-level graduates being hired, the boss of accountancy giant PwC has told the BBC.
PwC graduate roles under threat from AI, accountancy firm boss says
The accountancy giant says artificial intelligence will eventually lead to fewer entry-level positions at the firm.
www.bbc.com
November 26, 2025 at 2:19 PM
The growth of artificial intelligence (AI) may eventually lead to fewer entry-level graduates being hired, the boss of accountancy giant PwC has told the BBC.
Fifty-two percent of U.S. workers now fear job displacement due to artificial intelligence — nearly double last year’s level, according to survey results released Monday by KPMG.
Fear of AI-driven job displacement nearly doubles in a year: KPMG
The finding comes as two U.S. senators are pushing legislation that would require some AI-related layoffs to be reported to the Labor Department.
www.cfodive.com
November 25, 2025 at 9:41 PM
Fifty-two percent of U.S. workers now fear job displacement due to artificial intelligence — nearly double last year’s level, according to survey results released Monday by KPMG.
The Maryland Department of Health held a second inter-agency roundtable last week to generate ideas to help residents maintain access to health care and social safety net programming in the face of cuts made under President Donald Trump’s One Big Beautiful Bill.
MD agencies brainstorm safety net protections against Trump bill
Maryland agencies are coordinating to safeguard health care, Medicaid and SNAP amid federal cuts under the Trump administration.
thedailyrecord.com
November 25, 2025 at 9:40 PM
The Maryland Department of Health held a second inter-agency roundtable last week to generate ideas to help residents maintain access to health care and social safety net programming in the face of cuts made under President Donald Trump’s One Big Beautiful Bill.
A new suite of quality management standards will take effect in December. Auditing Standards Board member Mike Manspeaker says the change reflects a broader mindset focused on continual improvement, risk awareness, and firmwide accountability.
Podcast: New QM standards — what you should know | MACPA
In December 2025, a new suite of quality management standards will take effect, replacing the long-standing quality control framework firms have used for decades. Here's what to know.
macpa.org
November 25, 2025 at 8:21 PM
A new suite of quality management standards will take effect in December. Auditing Standards Board member Mike Manspeaker says the change reflects a broader mindset focused on continual improvement, risk awareness, and firmwide accountability.
The Financial Accounting Standards Board has published an Accounting Standards Update to clarify and improve hedge accounting guidance.
www.fasb.org
November 25, 2025 at 3:16 PM
The Financial Accounting Standards Board has published an Accounting Standards Update to clarify and improve hedge accounting guidance.
The IRS will provide penalty relief to about 1 million taxpayers automatically starting next year, the national taxpayer advocate said during a session at the AICPA National Tax Conference.
About 1 million taxpayers to get automatic penalty relief next year
During a session at the AICPA National Tax Conference, the national taxpayer advocate said the IRS will start applying first-time abatements automatically next year.
www.journalofaccountancy.com
November 25, 2025 at 3:14 PM
The IRS will provide penalty relief to about 1 million taxpayers automatically starting next year, the national taxpayer advocate said during a session at the AICPA National Tax Conference.
Firms that implemented a new quality management (QM) system early have had time to test the new approach, detect gaps, and improve what’s not working as well as they expected.
QM is here: Advice from early adopters
Firms will need to learn from mistakes, fine-tune systems, and adapt to new ways of thinking about quality.
www.journalofaccountancy.com
November 25, 2025 at 3:13 PM
Firms that implemented a new quality management (QM) system early have had time to test the new approach, detect gaps, and improve what’s not working as well as they expected.
The AICPA and state CPA societies are calling on the U.S. Department of Education to explicitly include accounting programs in the regulatory definition of “professional degree programs.”
AICPA, state CPA societies call for accounting program recognition
A Department of Education proposal does not include accounting in its list of professional degree programs, a designation that helps determine education loan eligibility.
www.journalofaccountancy.com
November 25, 2025 at 2:49 PM
The AICPA and state CPA societies are calling on the U.S. Department of Education to explicitly include accounting programs in the regulatory definition of “professional degree programs.”
With New York, at least 24 states have eased education requirements needed to become a certified public accountant in a bid to address a talent shortage.
NY Governor Hochul signs CPA licensing bill
With New York, at least 24 states have eased education requirements needed to become a certified public accountant in a bid to address a talent shortage.
www.cfodive.com
November 25, 2025 at 2:46 PM
With New York, at least 24 states have eased education requirements needed to become a certified public accountant in a bid to address a talent shortage.
Marylanders can expect to pay around $88 for a thrifty 10-person Thanksgiving feast this year.
How much can Marylanders expect to spend this Thanksgiving?
Marylanders can expect to pay slightly more than the national estimate for a thrifty 10-person Thanksgiving feast in 2025.
thedailyrecord.com
November 25, 2025 at 2:45 PM
Marylanders can expect to pay around $88 for a thrifty 10-person Thanksgiving feast this year.
Firms are competing directly for accounting and tax professionals with corporate employers who are often prepared to offer higher pay and more flexibility to maintain work-life balance.
Salary and Hiring Trends in Accounting: What CPA Firms Should Know to Stay Competitive
Firms are competing directly for accounting and tax professionals with corporate employers who are often prepared to offer higher pay and more flexibility to maintain work-life balance.
www.cpapracticeadvisor.com
November 25, 2025 at 2:43 PM
Firms are competing directly for accounting and tax professionals with corporate employers who are often prepared to offer higher pay and more flexibility to maintain work-life balance.
While generative AI is gaining substantial ground as a leading risk tracked by internal auditors, cybersecurity is still the one that attracts the largest share of their attention.
Cybersecurity efforts and generative AI usage top internal auditors’ risk list
Both areas are hampered by a shortage of expert talent, research finds.
www.cfo.com
November 24, 2025 at 10:27 PM
While generative AI is gaining substantial ground as a leading risk tracked by internal auditors, cybersecurity is still the one that attracts the largest share of their attention.
The American Institute of CPAs and state CPA societies strongly oppose any proposal that fails to recognize accounting as a professional degree program.
AICPA, State CPA Societies Urge Department of Education to Recognize Accounting Programs as Professional Degree Programs
The AICPA and state CPA societies strongly oppose any proposal that fails to recognize accounting as a professional degree program.
www.aicpa-cima.com
November 24, 2025 at 10:05 PM
The American Institute of CPAs and state CPA societies strongly oppose any proposal that fails to recognize accounting as a professional degree program.
Explore a target’s unpaid state and local tax liabilities and other tax pitfalls to avoid souring a merger or acquisition.
SALT implications of M&As: Due diligence and risk mitigation
Explore a target’s unpaid state and local tax liabilities and other tax pitfalls to avoid souring a merger or acquisition.
www.journalofaccountancy.com
November 24, 2025 at 3:52 PM
Explore a target’s unpaid state and local tax liabilities and other tax pitfalls to avoid souring a merger or acquisition.
Can we trust the algorithms at the core of AI’s ability to learn and solve problems? It’s a question that is becoming pertinent as businesses increasingly rely on AI to automate tasks such as recruiting talent, predicting market trends, and assessing cybersecurity.
A new frontier: CPAs as AI system evaluators
Artificial intelligence has a trust problem. CPAs have the credibility and skill sets to address the issue.
www.journalofaccountancy.com
November 24, 2025 at 3:51 PM
Can we trust the algorithms at the core of AI’s ability to learn and solve problems? It’s a question that is becoming pertinent as businesses increasingly rely on AI to automate tasks such as recruiting talent, predicting market trends, and assessing cybersecurity.
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help taxpayers claim the deductions.
www.journalofaccountancy.com
November 24, 2025 at 3:50 PM
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help taxpayers claim the deductions.
The growth of artificial intelligence may eventually lead to fewer entry-level graduates being hired, the boss of accountancy giant PwC has told the BBC.
PwC graduate roles under threat from AI, accountancy firm boss says
The accountancy giant says artificial intelligence will eventually lead to fewer entry-level positions at the firm.
www.bbc.com
November 24, 2025 at 3:47 PM
The growth of artificial intelligence may eventually lead to fewer entry-level graduates being hired, the boss of accountancy giant PwC has told the BBC.
The National Association of State Boards of Accountancy and the American Institute of CPAs are reminding stakeholders that they are seeking public comment on an exposure draft proposing changes to continuing professional education standards.
NASBA, AICPA want comments on CPE changes
The deadline for public comment on proposed changes to continuing professional education standards is fast approaching.
www.accountingtoday.com
November 24, 2025 at 3:46 PM
The National Association of State Boards of Accountancy and the American Institute of CPAs are reminding stakeholders that they are seeking public comment on an exposure draft proposing changes to continuing professional education standards.
FASB has issued a post-implementation review of its 2016 standard on leases and found it generally met its objective of providing investors with more information about a company's leasing activity, but the costs of implementing and maintaining it were far higher than expected for lessees.
FASB admits leases standard was costlier than expected
The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.
www.accountingtoday.com
November 24, 2025 at 3:44 PM
FASB has issued a post-implementation review of its 2016 standard on leases and found it generally met its objective of providing investors with more information about a company's leasing activity, but the costs of implementing and maintaining it were far higher than expected for lessees.
With the federal government shutdown over, the Internal Revenue Service announced on Friday that it has resumed normal operations.
IRS says it's back to normal, post-shutdown
Staff have begun working through the backlog of correspondence and messages, and are expected to begin reaching out to tax pros and taxpayers soon.
www.accountingtoday.com
November 24, 2025 at 3:43 PM
With the federal government shutdown over, the Internal Revenue Service announced on Friday that it has resumed normal operations.
This year, artificial intelligence is among the top 10 reasons given by employers for job cuts, alongside cost-cutting, federal cuts and economic conditions, according to the October 2025 Challenger Report.
Rising layoffs in MD and US linked to rise of AI
Layoffs in Maryland are up nearly 30%, and AI is among the top ten reasons given by employers, according to a report.
thedailyrecord.com
November 24, 2025 at 2:22 PM
This year, artificial intelligence is among the top 10 reasons given by employers for job cuts, alongside cost-cutting, federal cuts and economic conditions, according to the October 2025 Challenger Report.
The generation accused of craving glamour is now discovering a critical truth: Accounting work may be unglamorous, but the compensation and career stability are formidable.
Why are America’s Gen Z suddenly flocking to accounting? - The Times of India
Gen Z is stepping in as America confronts a severe accountant shortage, with hundreds of thousands leaving the field and most remaining professionals nearing retirement. Even as the tax system grows m...
timesofindia.indiatimes.com
November 24, 2025 at 2:19 PM
The generation accused of craving glamour is now discovering a critical truth: Accounting work may be unglamorous, but the compensation and career stability are formidable.
A federal judge on Friday blocked the IRS from giving ICE the home addresses of taxpayers who might be undocumented immigrants — dealing a blow to the Trump administration’s mass deportation efforts.
Federal judge blocks IRS from sharing information to help ICE with deportations | CNN Politics
A federal judge on Friday blocked the IRS from giving ICE the home addresses of taxpayers who might be undocumented immigrants — dealing a blow to the Trump administration’s mass deportation efforts.
www.cnn.com
November 21, 2025 at 10:30 PM
A federal judge on Friday blocked the IRS from giving ICE the home addresses of taxpayers who might be undocumented immigrants — dealing a blow to the Trump administration’s mass deportation efforts.