Accounting
Georgia passes CPA licensing changes bill
Legislation providing two pathways to a CPA license has unanimously passed both chambers in the Georgia General Assembly and is awaiting the signature of Georgia Governor Brian Kemp.
House Bill 148, known as the Public Accountancy Act of 2025, was backed by the Georgia Society of CPAs. It introduces two pathways to CPA licensure starting Jan. 1, 2026, and broadens practice privilege mobility. Candidates can now qualify with a master’s degree in accounting or taxation and one year of relevant experience, or with a bachelor’s degree in accounting and two years of pertinent experience. The two alternatives complement the existing pathway of a bachelor’s degree with 150 semester hours and one year of experience, reducing barriers and fostering a more inclusive profession. In addition, HB 148 provides practice privilege requirements, making it simpler for out-of-state CPAs to practice in Georgia to ensure that Georgia businesses have seamless access to top-tier accounting expertise, regardless of state boundaries.
“The new pathways to CPA licensure and expanded practice privilege mobility are essential steps toward addressing the growing demand for skilled accounting professionals,” said GSCPA CEO Boyd Search in a statement. By allowing greater access to licensure and enabling CPAs to move freely across state lines, Georgia is positioning itself as a leader in the profession, ensuring that we continue to attract top talent from both within and outside the state.”
Kathryn Fletcher, Chair of GSCPA, added, “In today’s dynamic economy, it’s crucial that we evolve our licensing standards to meet the changing needs of both the profession and the businesses we serve. These added pathways and the broader practice mobility are key to maintaining Georgia’s reputation as a hub for accounting excellence and will help foster a more sustainable future for the profession.”
Various state CPA societies are pushing for alternative paths to a CPA license to alleviate the shortage of accountants. In January,
HB 148’s unanimous passage came together after a collective effort by lawmakers, regulators, professionals, educators and GSCPA members. The bill’s sponsors and legislative champions included three CPAs in the Georgia assembly: Rep. John Carson, R–Marietta, David Wilkerson, D–Powder Springs, and Billy Hickman, R–Statesboro.
“Expanding the pathways to the CPA license and broadening practice privilege mobility is vital to ensuring that Georgia remains a competitive and attractive place for accounting professionals,” Carson said in a statement. “By offering more flexible routes to licensure, we empower a range of candidates to enter and thrive in the CPA profession, which in turn strengthens our state’s economy and business landscape.”
Total postsecondary spring enrollment grew 3.2% year-over-year, according to a report.
The National Student Clearinghouse Research Center published the latest edition of its
The report found that undergraduate enrollment grew 3.5% and reached 15.3 million students, but remains below pre-pandemic levels (378,000 less students). Graduate enrollment also increased to 7.2%, higher than in 2020 (209,000 more students).
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Community colleges saw the largest growth in enrollment (5.4%), and enrollment increased for all undergraduate credential types. Bachelor’s and associate programs grew 2.1% and 6.3%, respectively, but remain below pre-pandemic levels.
Most ethnoracial groups saw increases in enrollment this spring, with Black and multiracial undergraduate students seeing the largest growth (10.3% and 8.5%, respectively). The number of undergraduate students in their twenties also increased. Enrollment of students between the ages of 21 and 24 grew 3.2%, and enrollment for students between 25 and 29 grew 5.9%.
For the third consecutive year, high vocational public two-years had substantial growth in enrollment, increasing 11.7% from 2023 to 2024. Enrollment at these trade-focused institutions have increased nearly 20% since pre-pandemic levels.
Jordan Vonderhaar/Photographer: Jordan Vonderhaar/
The Internal Revenue Service has released
The Inflation Reduction Act of 2022 amended Sec. 55 to impose the CAMT based on the “adjusted financial statement income” of an “applicable corporation” for taxable years beginning in 2023.
Among other details, proposed regs provide that “applicable corporation” means any corporation (other than an S corp, a regulated investment company or a REIT) that meets either of two average annual AFSI tests depending on financial statement net operating losses for three taxable years and whether the corporation is a member of a foreign-parented multinational group.
Prior to the publication of any final regulations relating to the CAMT, the Treasury and the IRS will issue a notice of proposed rulemaking. Notice 2025-27 will be in IRB: 2025-26, dated June 23.
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Total college enrollment rose 3.2%
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