Trade Associations
Here's a look at documents from national and international trade associations
Featured Stories
Tech Job Postings Hit Three-year High as Hiring Swings Into Positive Territory, CompTIA Analysis Reveals
DOWNERS GROVE, Illinois, May 9 (TNSrep) -- CompTIA posted the following news release:
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New tech job postings hit three-year high as hiring swings into positive territory, CompTIA analysis reveals
Solid demand for core tech occupations, including tech support, systems and cybersecurity engineers and software developers
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New job postings for technology occupations reached a three-year high and employers throughout the economy added tech workers in April, analysis by CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications, reveals.
Employers
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DOWNERS GROVE, Illinois, May 9 (TNSrep) -- CompTIA posted the following news release:
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New tech job postings hit three-year high as hiring swings into positive territory, CompTIA analysis reveals
Solid demand for core tech occupations, including tech support, systems and cybersecurity engineers and software developers
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New job postings for technology occupations reached a three-year high and employers throughout the economy added tech workers in April, analysis by CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications, reveals.
Employersacross all industries listed 271,483 new job postings for tech occupations in April. In all, there were more than 575,000 active job postings for tech positions last month.[1]
Tech occupation employment, which includes technology professionals working in all industry sectors, increased by 260,000 In April, CompTIA's analysis of the U.S. Bureau of Labor Statistics (BLS) #JobsReport data shows.[2] That pushed the unemployment rate for tech occupations down to 3.5%.
"The factors that created pressure on tech occupations throughout 2025 appear to be easing, as employers clarify their AI strategies and renew progress on digital transformation initiatives," said Seth Robinson, vice president, industry research, CompTIA. "The increase in job postings, which include a range of technology roles, confirms the need to build core tech skills as a foundation for more advanced capabilities."
Tech industry employment decreased by about 6,300 jobs last month.[3] Modest employment gains in IT and custom software services and systems design occupations were offset by staffing reductions in telecommunications and cloud infrastructure, data processing and hosting.
Active employer job postings for technology roles covered a range of core tech competencies and have been increasing in volume over the last four months. For example, active job postings for systems engineers and architects have increased 42.7% since January; software developers and engineers, 32.3%; cybersecurity engineers and analysts, 23.2%; and tech support specialists, 16.1%.
Several metropolitan areas saw notable jumps in the number of tech job postings last month, including Washington (+1,945), New York City (+1,771), Philadelphia (1,452), Chicago (1,407) and San Francisco (+1,339).
CompTIA's analysis reveals that 20% of April tech job postings sought workers with zero to three years of experience; 28% specified workers with four to seven years' experience; and 17%, workers with eight years or more experience.
The "CompTIA Tech Jobs Report" is available at https://www.comptia.org/en-us/resources/research/tech-jobs-report/.
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[1] Active job postings include new postings added by employers in the latest month and open postings carried over from previous months.
[2] Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility.
[3] Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions.
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About CompTIA
CompTIA, Inc. is dedicated to unlocking potential for students, career changers, and professionals pursuing technology careers. Through education, training, certifications, and research, it promotes industry growth, builds a skilled workforce, and ensures technology's benefits are accessible to everyone.
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Original text here: https://www.comptia.org/en-us/about-us/news/press-releases/New-tech-job-postings-hit-three-year-high-as-hiring-swings-into-positive-territory-CompTIA-analysis-reveals/
[Category: Computer Technology]
National Retail Federation: Import Cargo Volume Expected to Remain Below 2025 Levels Despite May-June Bump
WASHINGTON, May 9 -- The National Retail Federation posted the following news release on May 8, 2026:
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Import Cargo Volume Expected to Remain Below 2025 Levels Despite May-June Bump
Import volume at major U.S. container ports is expected to remain below last year's levels into early fall despite a skewed year-over-year bump in May and June, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
"The numbers show a year-over-year increase for the next two months, but that's only because of the sharp fall-off in imports after
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WASHINGTON, May 9 -- The National Retail Federation posted the following news release on May 8, 2026:
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Import Cargo Volume Expected to Remain Below 2025 Levels Despite May-June Bump
Import volume at major U.S. container ports is expected to remain below last year's levels into early fall despite a skewed year-over-year bump in May and June, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
"The numbers show a year-over-year increase for the next two months, but that's only because of the sharp fall-off in imports after'Liberation Day' tariffs were announced in April 2025," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. "With inflation rising and consumer confidence falling among global economic uncertainty driven by the conflict in Iran, the overall trend of lower imports is expected to continue after that."
Amid ongoing economic uncertainty, Hackett Associates Founder Ben Hackett said retailers have been cautious about building up inventories.
"Containerized imports in the first quarter were down year over year, and forward demand is weakening," Hackett said. "Stalling re-stocking efforts and rising geopolitical tensions are increasingly clouding the outlook."
U.S. ports covered by Global Port Tracker handled 2.16 million Twenty-Foot Equivalent Units -- one 20-foot container or its equivalent -- in March, the latest month for which final data is available. That was up 0.6% year over year and up 13.6% from February, when many Asian factories were closed for Lunar New Year celebrations and bad weather delayed the arrival of cargo at some U.S. ports.
Ports have not yet reported April numbers, but Global Port Tracker projected the month at 2.13 million TEU, down 3.6% year over year. May is forecast at 2.17 million TEU, up 11.1% year over year; June at 2.13 million TEU, up 8.2%; July at 2.2 million TEU, down 7.8%; August at 2.19 million TEU, down 5.5%, and September at 2.08 million TEU, down 1.3%.
Those numbers would bring the first half of 2026 to 12.59 million TEU, up 0.5% from the same period in 2025 thanks, in part, to the May-June increases.
Imports totaled 25.4 million TEU in 2025, down 0.3% from 25.5 million TEU in 2024.
Global Port Tracker, which is produced for NRF by Hackett Associates, provides historical data and forecasts for the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the East Coast, and Houston on the Gulf Coast. The report is free to NRF retail members, and subscription information is available at NRF.com/PortTracker or by calling (202) 783-7971. Subscription information for non-members can be found at www.globalporttracker.com.
As the leading authority and voice for the retail industry, NRF analyzes economic conditions affecting the industry through reports such as Global Port Tracker.
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About NRF
The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation's largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs -- 55 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com
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About Hackett Associates
Hackett Associates provides expert consulting, research and advisory services to the international maritime industry, government agencies and international institutions. www.hackettassociates.com
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Original text here: https://nrf.com/media-center/press-releases/import-cargo-volume-expected-to-remain-below-2025-levels-despite-may-june-bump
[Category: Business]
Kalitta Air Pilots Receive $2 Million Grant for Contract Negotiations
MCLEAN, Virginia, May 9 -- The Air Line Pilots Association International issued the following news release:
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Kalitta Air Pilots Receive $2 Million Grant for Contract Negotiations
WASHINGTON, D.C. -- Following a unanimous vote by the Executive Board of the Air Line Pilots Association, Int'l (ALPA), the Kalitta Air pilot group has received a $2 million grant from the union's Major Contingency Fund (MCF). The funds will support approximately 950 Kalitta Air pilots as they enter the final and most critical phase of negotiations for their second collective bargaining agreement with Kalitta Air
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MCLEAN, Virginia, May 9 -- The Air Line Pilots Association International issued the following news release:
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Kalitta Air Pilots Receive $2 Million Grant for Contract Negotiations
WASHINGTON, D.C. -- Following a unanimous vote by the Executive Board of the Air Line Pilots Association, Int'l (ALPA), the Kalitta Air pilot group has received a $2 million grant from the union's Major Contingency Fund (MCF). The funds will support approximately 950 Kalitta Air pilots as they enter the final and most critical phase of negotiations for their second collective bargaining agreement with Kalitta Airmanagement.
"From day one, we have been working closely with ALPA National to secure the support and resources that our Negotiating Committee needs to finish this contract," said Capt. Jeremy Keyes, chair of the Kalitta Air ALPA Master Executive Council. "The unanimous approval of this grant demonstrates that the weight of the world's largest pilot union unequivocally supports our efforts toward a collective bargaining agreement that improves compensation, working conditions, and benefits for every Kalitta Air crewmember. We have momentum, we have support, and together, we will get Contract 2026 across the finish line."
The MCF grant carries no interest and is not a loan. Its primary purpose is to support pilots during collective bargaining. The Kalitta Air pilot group opened Section 6 negotiations in September 2023, 18 months ahead of the contract's amendable date. The Negotiating Committee has reached tentative agreements on 21 of 28 contract sections, with critical economic sections still under negotiation.
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Founded in 1931, ALPA is the largest airline pilot union in the world and represents more than 80,000 pilots at 42 U.S. and Canadian airlines.
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Original text here: https://www.alpa.org/press-room/2026/05/kalitta-air-pilots-receive-2-million-grant-for-contract-negotiations
[Category: Transportation]
Journal of Emergency Nursing Examines Infection Control Barriers in ED
SCHAUMBURG, Illinois, May 9 (TNSxrep) -- The Emergency Nurses Association issued the following news:
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Journal of Emergency Nursing Examines Infection Control Barriers in ED
May issue highlights challenges ED staff face when dealing with infectious diseases
By Mike Tish
The May 2026 issue of the Journal of Emergency Nursing features new research about the systemic, environmental and human factors that make it a challenge for emergency nurses and staff to stay safe from infectious diseases in the emergency department.
The study, "Beneath the Personal Protective Equipment: Perspectives
... Show Full Article
SCHAUMBURG, Illinois, May 9 (TNSxrep) -- The Emergency Nurses Association issued the following news:
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Journal of Emergency Nursing Examines Infection Control Barriers in ED
May issue highlights challenges ED staff face when dealing with infectious diseases
By Mike Tish
The May 2026 issue of the Journal of Emergency Nursing features new research about the systemic, environmental and human factors that make it a challenge for emergency nurses and staff to stay safe from infectious diseases in the emergency department.
The study, "Beneath the Personal Protective Equipment: Perspectiveson Infection Prevention and Control from Emergency Department Health Care Personnel," highlights what JEN editor Anna Valdez, PhD, RN, PHN, CEN, CFRN, FAEN, FAADN, FADLN, called "a critical reality in emergency care."
"Nurses are consistently exposed to infectious diseases, yet practical barriers can limit the consistent use of personal protective equipment and make it more difficult to maintain infection prevention and control," Valdez said. "By identifying and addressing these challenges, we can better protect emergency nurses and the patients and communities they serve."
Researchers heard from front-line emergency nurses, who described how overcrowding and time constraints can make some actions, such as isolating infectious patients or properly disinfecting rooms, fall to the wayside. One provider said they felt forced to decide between "the lesser of two evils" when trying to maintain infection control in an overcrowded emergency department.
In addition to this study, other articles in the May issue include:
* "Nursing-Led Quality Improvement Project Achieves 30-Minute Door-to-Needle Time"
* "Recognition and Management of Pregnancy-Associated Venous Thromboembolism"
* "Reduction of Triage Nurse Fatigue Through the Implementation of an Evidence-Based Rotational Protocol"
Journal readers can earn continuing education credits for reading articles in each issue. Visit jenonline.org and click the "Claim CNE" link to access the exam.
The Journal of Emergency Nursing, ENA's peer-reviewed academic journal, is published six times a year with original research and updates from the emergency nursing specialty, while also covering practice and professional issues. ENA and Elsevier, the Journal's long-time publisher, announced in April 2026 plans to transition JEN to a fully digital publication, which will allow for continued expansion in the number and variety of highly impactful articles.
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The Emergency Nurses Association is the premier professional nursing association dedicated to defining the future of emergency nursing through advocacy, education, research, innovation, and leadership. Founded in 1970, ENA has proven to be an indispensable resource to the global emergency nursing community. With 40,000 members worldwide, ENA advocates for patient safety, develops industry-leading practice standards and guidelines and guides emergency health care public policy. ENA members have expertise in triage, patient care, disaster preparedness, and all aspects of emergency care. Additional information is available at www.ena.org.
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Original text here: https://www.ena.org/news-publications/newsroom/journal-emergency-nursing-examines-infection-control-barriers-ed
[Category: Nursing]
FTA Outlines Recommendations to Help Trump Accounts Achieve Intended Scale and Impact
WASHINGTON, May 9 -- The Financial Technology Association issued the following news release on May 8, 2026:
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FTA Outlines Recommendations to Help Trump Accounts Achieve Intended Scale and Impact
The Financial Technology Association (FTA) today submitted a comment letter to the Internal Revenue Service (IRS) and Department of the Treasury outlining recommendations to help Trump Accounts achieve their intended scale and impact by prioritizing competition, interoperability, and digital accessibility. The comments respond to proposed regulations under the One Big Beautiful Bill Act (OBBBA),
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WASHINGTON, May 9 -- The Financial Technology Association issued the following news release on May 8, 2026:
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FTA Outlines Recommendations to Help Trump Accounts Achieve Intended Scale and Impact
The Financial Technology Association (FTA) today submitted a comment letter to the Internal Revenue Service (IRS) and Department of the Treasury outlining recommendations to help Trump Accounts achieve their intended scale and impact by prioritizing competition, interoperability, and digital accessibility. The comments respond to proposed regulations under the One Big Beautiful Bill Act (OBBBA),which establishes tax-advantaged savings accounts for American children.
"Trump Accounts are a historic opportunity to give every American child a jumpstart to financial security," said Penny Lee, FTA President and CEO. "Fintech companies are ready to be a key part of making that happen. They have the technology, the consumer relationships, and the compliance infrastructure to make these accounts work at scale. We look forward to working with Treasury and the IRS to build a framework that brings these accounts to families through the digital tools they use every day."
Eight in ten Americans already manage their money through a fintech app, whether it's a banking tool, payment platform, or investing service. These fintech tools have achieved mass adoption because consumers value the speed, transparency, and convenience they offer. Meeting Americans where they are - with the digital financial tools they use - will be key to ensuring that Trump Accounts can build a new generation of American savers.
FTA's comments outline five key recommendations to help achieve those goals and maximize the impact of Trump Accounts:
* Optimize origination, onboarding, and portability by authorizing qualified providers to originate accounts directly as allowed by the OBBBA, permitting zero-balance account openings, and allowing providers to easily initiate rollovers and enrollment on behalf of consumers.
* Standardize technical infrastructure by mandating the use of the Automated Customer Account Transfer Service (ACATS) for all trustee-to-trustee transfers and establishing a real-time API framework between authorized providers and government systems for essential program elements like eligibility verification and duplicate contribution prevention.
* Modernize trustee and fiduciary standards by transitioning to a digital, automated, nonbank trustee-approval process and confirming that providers can satisfy fiduciary obligations through qualified subcontractor partnerships for key functions such as custody and clearing.
* Ensure investment flexibility and cost transparency by confirming that low-cost ETFs and fractional shares qualify as eligible "Broad Index" investments and clarifying that the 0.1% expense cap applies to the underlying investment's expense ratio at the fund level -- not separate platform service fees.
* Guarantee inclusive access by providing explicit guidance on account management for children in non-traditional family structures, including those in foster care, and encouraging modern digital identity verification tools to reduce administrative barriers.
Read the full comment letter here (https://www.ftassociation.org/wp-content/uploads/2026/05/FTA-Comment-Letter-on-Trump-Accounts.pdf).
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ABOUT US
The Financial Technology Association (FTA) is a network of fintech industry leaders shaping the future of finance. We champion financial innovation and advocate for policies that expand competition, access, and opportunity.
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Original text here: https://www.ftassociation.org/fta-outlines-recommendations-to-help-trump-accounts-achieve-intended-scale-and-impact/
[Category: Financial Services]
Banking Trade Groups Urge Senate Banking Leaders to Strengthen Stablecoin Yield Guardrails to Prevent Deposit Flight
WASHINGTON, May 9 [Category: Financial Services] -- The Bank Policy Institute issued the following news release:
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Banking Trade Groups Urge Senate Banking Leaders to Strengthen Stablecoin Yield Guardrails to Prevent Deposit Flight
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Washington, D.C. - A coalition of financial trade associations representing banks of all sizes today urged Senate Banking Committee leaders to make important technical refinements to proposed payment stablecoin yield language in the CLARITY Act, warning that allowing interest-like yield on stablecoins could weaken bank deposits and reduce credit available to
... Show Full Article
WASHINGTON, May 9 [Category: Financial Services] -- The Bank Policy Institute issued the following news release:
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Banking Trade Groups Urge Senate Banking Leaders to Strengthen Stablecoin Yield Guardrails to Prevent Deposit Flight
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Washington, D.C. - A coalition of financial trade associations representing banks of all sizes today urged Senate Banking Committee leaders to make important technical refinements to proposed payment stablecoin yield language in the CLARITY Act, warning that allowing interest-like yield on stablecoins could weaken bank deposits and reduce credit available toconsumers, small businesses and farmers.
In a new letter to Chairman Tim Scott and Ranking Member Elizabeth Warren, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America and National Bankers Association express appreciation for recent efforts to improve the legislation's Section 404 by Senators Tillis and Alsobrooks, while noting that additional changes are needed to ensure the bill clearly prohibits interest-like payments on stablecoins and avoids unintended loopholes. The groups said they remain committed to working with the Administration, Congress, regulators and other stakeholders to advance responsible innovation while safeguarding the strength of the U.S. financial system.
"Our concern is that payment stablecoin yield, or incentives that act like yield, can reduce U.S. deposits and, in turn, banks' capacity to extend credit across the country," the groups wrote.
The letter, which was also shared with other members of the Senate Banking Committee, emphasizes that deposits play a critical role in supporting lending and economic growth nationwide, and that ambiguities in the current language could incentivize customers to shift funds out of the banking system.
"Research indicates that deposit flight driven by the widespread adoption of yield-bearing stablecoins could reduce consumer, small business, and agricultural lending by one-fifth or more, highlighting the stakes involved in ensuring that the statutory framework is both precise and robust," the groups said.
The associations urged lawmakers to make targeted revisions to clarify the prohibition on interest and yield, eliminate provisions that could be used to circumvent congressional intent, and better align the bill's text with the goal of protecting consumers and financial stability.
"Our goal in offering these recommendations, which we believe are consistent with Senator Tillis and Senator Alsobrooks' critical policy goal of stopping deposit flight, is to ensure any final legislation signed into law ushers in a new financial market designed to fully accommodate digital assets and blockchain technologies, while also protecting the economic resilience of America's consumers, small businesses, and communities," the letter concludes.
Read the full letter.
About Bank Policy Institute
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud and other information security issues.
About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.7 trillion in deposits and extend $13.2 trillion in loans.
About Consumer Bankers Association
The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.
About Financial Services Forum
The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
About the Independent Community Bankers of America
The Independent Community Bankers of America(r) has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation. As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org
About National Bankers Association
Founded in 1927, the National Bankers Association (NBA) is the premier trade association representing the nation's mission-driven banks. NBA's mission is to strengthen mission-driven banks through advocacy, research, partnerships, and innovation, ensuring that financial services are accessible, affordable, and inclusive for all. For more information visit nationalbankers.org
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Original text here: https://bpi.com/banking-trade-groups-urge-senate-banking-leaders-to-strengthen-stablecoin-yield-guardrails-to-prevent-deposit-flight/
AICPA Urges IRS to Issue Guidance to Regulation Affecting Tax-Exempt Organizations
NEW YORK, May 9 -- The American Institute of CPAs issued the following news release:
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AICPA Urges IRS to Issue Guidance to Regulation Affecting Tax-Exempt Organizations
In a letter (https://www.aicpa-cima.com/resources/download/aicpa-comment-letter-on-section-4960-transition-relief) submitted to the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) requested Treasury and IRS provide guidance addressing Section 4960, which was amended last year by the OBBBA (One Big Beautiful Bill Act). Section 4960 imposes an excise tax on applicable tax-exempt organizations (ATEO)
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NEW YORK, May 9 -- The American Institute of CPAs issued the following news release:
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AICPA Urges IRS to Issue Guidance to Regulation Affecting Tax-Exempt Organizations
In a letter (https://www.aicpa-cima.com/resources/download/aicpa-comment-letter-on-section-4960-transition-relief) submitted to the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) requested Treasury and IRS provide guidance addressing Section 4960, which was amended last year by the OBBBA (One Big Beautiful Bill Act). Section 4960 imposes an excise tax on applicable tax-exempt organizations (ATEO)equal to 21 percent of the remuneration in excess of $1 million paid to "covered employees" of the ATEO.
When first enacted, the definition of a "covered employee" under section 4960 was limited to the top five highest-compensated employees of the ATEO, in addition to any individual who would have been a covered employee in a prior taxable year. Section 70416 of OBBBA amended section 4960 to expand the definition of a "covered employee" to include all employees of an ATEO (not only the top five highest-compensated employees), including any individual employed during any taxable year beginning after December 31, 2016. This change is effective for the first taxable year beginning after December 31, 2025.
The AICPA's letter offers the following recommendations on the following matters emerging from the OBBBA revisions to section 4960:
Provide transition relief for fiscal year applicable tax-exempt organizations
Applying transition relief would prevent the tax from being applied retroactively to remuneration paid prior to the enactment of OBBBA changes.
Provide transition relief for applicable tax-exempt organizations and related entities utilizing the current regulatory exceptions to the definition of "covered employee"
Without updated government guidance, some organizations may feel forced to make major changes like restructuring their workforce, scaling back operations, or even shutting down entirely.
Provide transition relief for de minimis employment prior to enactment of the One Big Beautiful Bill Act
People who briefly worked or worked part time for certain ATEOs, such as interns, as far back as 2017 could be permanently classified as covered employees, triggering indefinite tracking obligations and excise tax for related organizations years later, without any ability to anticipate these consequences. Absent a de minimis exception, both these individuals and the ATEO and related entities could face outcomes that are wholly disproportionate to the nature and duration of the individuals' service.
Transition relief for employees of related entities providing services as traditional unpaid volunteers of an applicable tax-exempt organization
Without this transition, it could create an overwhelming burden on ATEOs, who would then have to track every volunteer that provided services to the ATEO, potentially retroactive to January 1, 2017, to ensure that neither the ATEO nor a related entity had failed to identify a covered employee.
"Our letter requests guidance providing transition relief for fiscal-year filers; extension of the limited hours, nonexempt funds, and limited services exceptions; and a clear regulatory exception so unpaid public volunteers are not treated as covered employees," says Scott Klein, Senior Manager, AICPA Tax Policy & Advocacy. "Without this guidance, nonprofits and related organizations could face unexpected excise taxes, added compliance burdens and heightened financial risk under current law."
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About the American Institute of CPAs
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with 397,000 members and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. A founding member of the Association of International Certified Professional Accountants, the AICPA sets ethical standards for the profession, attestation standards, and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state, and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, partners across the profession to build future talent, and drives continuing education to advance the vitality, relevance, and quality of the profession.
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Original text here: https://www.aicpa-cima.com/news/article/aicpa-urges-irs-to-issue-guidance-to-regulation-affecting-tax-exempt-organizations
[Category: Accounting]
