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AICPA News – July 2025

CPA Practice

Partnership Tax TRP Remove Treas. 1.6011-18 (Basis Shifting TOI Regulations) from the Income Tax Regulations (26 CFR part 1). The Senate bill includes the following provisions that the AICPA has endorsed in the past: An increase in the standard deduction for years 2025-2028.

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Small biz looks to AI, and other tech stories you may have missed

Accounting Today

Agentic AI to handle 68% of customer service/support by 2028 Wanan - stock.adobe.com Ciscos latest research predicts that agentic AI will handle 68% of customer service and support interactions by 2028. But by 2028? But your thoughts are your thoughts and should always be 100% you.

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Trump's law to cut US clean energy installs 41%

Accounting Today

annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trumps sweeping economic legislation. Adam Glanzman/Bloomberg U.S. Thats compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date.

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Report Predicts AI will Have a Transformational Impact on Professional Work by 2028

CPA Practice

Key industry findings from the report: Tax and Accounting Professionals: Freeing up time to deliver more value: Productivity is the highest priority for tax and accounting firms (59%), while internal efficiency (75%) tops the list in corporate tax and accounting departments.