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)
Maryland cannabis business owners are celebrating President Trump's move to reclassify marijuana from a Schedule I to a Schedule III drug.
Marijuana's reclassification applauded by Maryland cannabis industry
Maryland cannabis business owners are celebrating President Trump's move to reclassify marijuana from a Schedule I to a Schedule III drug.
www.cbsnews.com
December 19, 2025 at 9:02 PM
Maryland cannabis business owners are celebrating President Trump's move to reclassify marijuana from a Schedule I to a Schedule III drug.
Maryland’s legislative Spending and Affordability Committee adopted recommendations Thursday to cut state spending next fiscal year and pad its reserve accounts to protect the state from Trump administration policies.
Maryland lawmakers adopt recommendations to cut state spending amid $1.2B deficit
While new budget forecasts keep recent fiscal projections steady, student enrollment drops could provide Maryland some financial relief.
www.wypr.org
December 19, 2025 at 8:49 PM
Maryland’s legislative Spending and Affordability Committee adopted recommendations Thursday to cut state spending next fiscal year and pad its reserve accounts to protect the state from Trump administration policies.
The Public Company Accounting Oversight Board has approved its fiscal year 2026 budget.
PCAOB Approves 2026 Budget
pcaobus.org
December 19, 2025 at 8:47 PM
The Public Company Accounting Oversight Board has approved its fiscal year 2026 budget.
While CFOs want to see clear evidence that their investments create the expected value, most are still waiting for substantial ROI from their spending on AI tools, according to a new study.
So far, few CFOs see substantial ROI from AI spending
But in an apparent contradiction, most finance chiefs expect the AI value equation to change quickly.
www.cfo.com
December 19, 2025 at 8:45 PM
While CFOs want to see clear evidence that their investments create the expected value, most are still waiting for substantial ROI from their spending on AI tools, according to a new study.
The PCAOB has announced the appointment of Dr. Erik Durbin as the PCAOB's acting chief economist and director of its Office of Economic and Risk Analysis.
Erik Durbin Named PCAOB’s Acting Chief Economist and Director of Its Office of Economic and Risk Analysis
pcaobus.org
December 18, 2025 at 6:47 PM
The PCAOB has announced the appointment of Dr. Erik Durbin as the PCAOB's acting chief economist and director of its Office of Economic and Risk Analysis.
Forty-three states will ring in 2026 with notable tax changes. Eight states will see reduced individual income tax rates in the new year, and one of them (Ohio) will transition to a single-rate income tax. Four states will see reduced corporate income tax rates. taxfoundation.org/research/all...
State Tax Changes Taking Effect January 1, 2026
Forty-three states will ring in 2026 with notable tax changes. Eight states will see reduced individual income tax rates in the new year while four states will see reduced corporate income tax rates.
taxfoundation.org
December 18, 2025 at 1:56 PM
Forty-three states will ring in 2026 with notable tax changes. Eight states will see reduced individual income tax rates in the new year, and one of them (Ohio) will transition to a single-rate income tax. Four states will see reduced corporate income tax rates. taxfoundation.org/research/all...
Will 2026 be a year of spending or a year of paring back? Based on the results of a fourth-quarter survey by Gartner, many CFOs are hoping for both.
CFOs targeting both business growth and cost reductions in 2026
A new survey by Gartner shows the “very explicit tension” finance chiefs expect to face in the year ahead.
www.cfo.com
December 17, 2025 at 9:52 PM
Will 2026 be a year of spending or a year of paring back? Based on the results of a fourth-quarter survey by Gartner, many CFOs are hoping for both.
With the number of unemployed workers now exceeding the number of available jobs for the first time since 2021, U.S. employers have left behind the historically high compensation budget increases that prevailed a few years ago.
Employers peg pay hike budgets at 3.5% for 2026
With labor market pressure easing “considerably,” companies are taking a more cautious/conservative approach to compensation.
www.cfo.com
December 17, 2025 at 9:51 PM
With the number of unemployed workers now exceeding the number of available jobs for the first time since 2021, U.S. employers have left behind the historically high compensation budget increases that prevailed a few years ago.
CFOs are heading into 2026 expecting persistent pricing pressure and economic uncertainty, according to the latest CFO Survey from Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.
CFOs expect pricing pressures to continue in 2026: Duke-Fed survey
In their most recent quarterly survey, Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta find CFOs expect pricing pressure to persist due to tariffs.
www.cfo.com
December 17, 2025 at 9:50 PM
CFOs are heading into 2026 expecting persistent pricing pressure and economic uncertainty, according to the latest CFO Survey from Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.
The Financial Accounting Standards Board has published an Accounting Standards Update which updates the FASB Accounting Standards Codification® for a broad range of topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.
www.fasb.org
December 17, 2025 at 9:49 PM
The Financial Accounting Standards Board has published an Accounting Standards Update which updates the FASB Accounting Standards Codification® for a broad range of topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.
Financial economist and academic scholar Dr. Joshua White will return to the SEC the week of Jan. 5 to serve as its chief economist and director of the Division of Economic and Risk Analysis. www.sec.gov/newsroom/pre...
SEC.gov | Joshua T. White Named SEC Chief Economist
www.sec.gov
December 17, 2025 at 9:47 PM
Financial economist and academic scholar Dr. Joshua White will return to the SEC the week of Jan. 5 to serve as its chief economist and director of the Division of Economic and Risk Analysis. www.sec.gov/newsroom/pre...
Gov. Wes Moore announced $10 million for child care providers and fresh food retailers and launched a new state platform to help small businesses grow.
Moore invests $10M in child care and fresh food, launches new data platform
Gov. Wes Moore announced $10 million for child care providers and fresh food retailers and launched a new state platform to help small businesses grow.
www.baltimoresun.com
December 17, 2025 at 9:45 PM
Gov. Wes Moore announced $10 million for child care providers and fresh food retailers and launched a new state platform to help small businesses grow.
The job market continues to show signs of cooling.
The U.S. added just 64,000 jobs in November -- a sign the labor market is slowing
Hiring cooled this fall, according to delayed figures released by the Labor Department Tuesday. Employers added 64,000 jobs in November as the unemployment rate rose to 4.6%.
www.npr.org
December 17, 2025 at 3:33 PM
The job market continues to show signs of cooling.
House Majority Whip Jazz Lewis resigned Tuesday during a special session shortly after Del. Joseline Peña-Melnyk was elected the chamber’s speaker.
Maryland House Majority Whip Jazz Lewis steps down during special session
House Majority Whip Jazz Lewis resigned Tuesday during a special session shortly after Del. Joseline Peña-Melnyk was elected the chamber’s speaker.
www.baltimoresun.com
December 17, 2025 at 3:29 PM
House Majority Whip Jazz Lewis resigned Tuesday during a special session shortly after Del. Joseline Peña-Melnyk was elected the chamber’s speaker.
The SEC is expected to accept as final early next year the 2026 GAAP Financial Reporting Taxonomy, the 2026 SEC Reporting Taxonomy, and the 2026 GAAP Employee Benefit Plan Taxonomy. www.journalofaccountancy.com/news/2025/de...
FASB publishes its taxonomies for 2026
Available documents include the 2026 GAAP Financial Reporting Taxonomy and the 2026 SEC Reporting Taxonomy.
www.journalofaccountancy.com
December 17, 2025 at 3:28 PM
The SEC is expected to accept as final early next year the 2026 GAAP Financial Reporting Taxonomy, the 2026 SEC Reporting Taxonomy, and the 2026 GAAP Employee Benefit Plan Taxonomy. www.journalofaccountancy.com/news/2025/de...
A new poll finds Maryland residents roughly split on how officials should resolve a budget shortfall, and highlights growing pessimism about the rebuilding of the Francis Scott Key Bridge.
Marylanders split on resolving budget shortfall, pessimistic about Key Bridge rebuild - Maryland Matters
A new poll finds Maryland residents roughly split on how officials should resolve a budget shortfall, and highlights growing pessimism about the rebuilding of the Francis Scott Key Bridge.
marylandmatters.org
December 17, 2025 at 2:55 PM
A new poll finds Maryland residents roughly split on how officials should resolve a budget shortfall, and highlights growing pessimism about the rebuilding of the Francis Scott Key Bridge.
The Maryland House of Delegates swore in Joseline Peña-Melnyk as the new House Speaker Tuesday, making her the first Afro-Latino and immigrant to lead the chamber.
Joseline Peña-Melnyk sworn in as Maryland’s new House Speaker
With unanimous support, Peña-Melnyk becomes the 109th leader of the Maryland House of Delegates.
www.wypr.org
December 17, 2025 at 1:50 AM
The Maryland House of Delegates swore in Joseline Peña-Melnyk as the new House Speaker Tuesday, making her the first Afro-Latino and immigrant to lead the chamber.
As Joseline Peña-Melnyk takes one of the most important leadership positions in Maryland government, she said she will draw on the resiliency and hope she learned as a child, the mentorship she’s experienced in her political career and the support of her family.
Joseline Peña-Melnyk is elected Maryland House speaker
Del. Joseline Peña-Melnyk was elected speaker of the Maryland House of Delegates.
www.thebanner.com
December 16, 2025 at 8:44 PM
As Joseline Peña-Melnyk takes one of the most important leadership positions in Maryland government, she said she will draw on the resiliency and hope she learned as a child, the mentorship she’s experienced in her political career and the support of her family.
Del. Joseline Peña-Melnyk made history on Tuesday when she was elected as the speaker of the Maryland House of Delegates. Peña-Melnyk is the second woman and first Afro-Latina to hold the position.
Peña-Melnyk elected next Md. House speaker
Del. Joseline Peña-Melnyk made history on Tuesday when she was elected as the speaker of the Maryland House of Delegates. Peña-Melnyk, D-Anne Arundel and
thedailyrecord.com
December 16, 2025 at 5:52 PM
Del. Joseline Peña-Melnyk made history on Tuesday when she was elected as the speaker of the Maryland House of Delegates. Peña-Melnyk is the second woman and first Afro-Latina to hold the position.
From ransom and kidnapping schemes to impersonation scams, fraudsters continue to find creative ways to separate victims from their money—and the losses can be devastating.
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
www.cpapracticeadvisor.com
December 16, 2025 at 5:05 PM
From ransom and kidnapping schemes to impersonation scams, fraudsters continue to find creative ways to separate victims from their money—and the losses can be devastating.
U.S. businesses need to be prepared to navigate a “fluctuating and unstable regulatory landscape” in the wake of President Donald Trump’s recent executive order seeking to block certain state artificial intelligence laws, according to a legal analysis.
Trump AI order introduces ‘unstable regulatory landscape’: analysis
The executive order opens a “pandora’s box of not only constitutional issues, but also issues pertaining to the EO’s interpretation and scope,” legal analysts said.
www.cfodive.com
December 16, 2025 at 5:01 PM
U.S. businesses need to be prepared to navigate a “fluctuating and unstable regulatory landscape” in the wake of President Donald Trump’s recent executive order seeking to block certain state artificial intelligence laws, according to a legal analysis.
The accounting profession is “an essential part of our nation’s economic stability” and shouldn’t be excluded from a Department of Education list designating professional degree programs, according to a letter signed by the AICPA and other accounting organizations.
Accounting profession ‘essential’ to economic stability, coalition says
A coalition’s letter to the Department of Education expresses opposition to draft regulations that would exclude accounting from professional degree designation.
www.journalofaccountancy.com
December 16, 2025 at 4:38 PM
The accounting profession is “an essential part of our nation’s economic stability” and shouldn’t be excluded from a Department of Education list designating professional degree programs, according to a letter signed by the AICPA and other accounting organizations.
The spans that one day could replace the Chesapeake Bay Bridge would likely each have four lanes, nearly doubling the road capacity on one of the state’s most recognizable crossings.
Likely Chesapeake Bay Bridge replacement would nearly double capacity
The spans that one day could replace the Chesapeake Bay Bridge would likely each have four lanes, nearly doubling the road capacity on one of the state’s most recognizable crossings under a proposal t...
www.thebanner.com
December 16, 2025 at 2:42 PM
The spans that one day could replace the Chesapeake Bay Bridge would likely each have four lanes, nearly doubling the road capacity on one of the state’s most recognizable crossings.
The U.S. accounting profession is no longer moving along a single growth continuum. It is splitting into three distinct economic paths—each governed by a different logic, facing different challenges, and offering different prospects. In 2026, these paths are likely to diverge further.
2026 Outlook: Why Solo Firms, PE Giants, and the Middle Are Headed in Different Directions - CPA Trendlines
ACTIONABLE INTELLIGENCE FOR TAX, ACCOUNTING, AND FINANCIAL PROFESSIONALS
cpatrendlines.com
December 16, 2025 at 2:40 PM
The U.S. accounting profession is no longer moving along a single growth continuum. It is splitting into three distinct economic paths—each governed by a different logic, facing different challenges, and offering different prospects. In 2026, these paths are likely to diverge further.
The U.S. labor market lost 41,000 jobs over October and November, and the unemployment rate ticked up to 4.6 percent, the highest since 2021, underscoring concerns about the strength of the economy.
Labor market lost 41,000 jobs over October, November; unemployment rate up
The labor market cool down continued this fall, according to new jobs numbers released on a delayed scheduled by the Labor Department.
www.washingtonpost.com
December 16, 2025 at 2:39 PM
The U.S. labor market lost 41,000 jobs over October and November, and the unemployment rate ticked up to 4.6 percent, the highest since 2021, underscoring concerns about the strength of the economy.