News

401k plans, 403b plans and other employee benefit options are a great way to enhance or improve existing employee benefits, particularly in an economy in which it is difficult to compete exclusively from a wage perspective. Many employers are finding that their benefits strategy is crucial to continued success and buy-in from employees overall. This article will discuss recent and relevant regulation related to employee benefit plans, as well as other pertinent things to consider when offering an employee benefit plan.

Please welcome the 2024-2025 Board of Directors and the Board of the Arizona CPA Foundation for Education & Innovation.

FIFO and LIFO are two of the most common tracing methods for forensic accounting, among other methods such as the lowest intermediate balance rule (LIBR) and pro rata method. With various viable options, how do you know which approach is best for tracing ill-gotten gains? ASCPA member Jordan Sandberg shares his actionable insights.

Bob Kilpatrick and Nancy Wilburn are Certified Public Accountants turned educators who have touched the lives of thousands of accounting students. Today, their students are leaders, firm partners, recruiters, advisory council members and more. In the ASCPA’s 90-year history, Kilpatrick and Wilburn are recognized in 2024 as the 10th and 11th Honorary Members, selected for their impact on Arizona’s accounting profession.

This year, the ASCPA is recognizing one Life Member and two Honorary Members for their contributions to our organization and the accounting community at large.

As we head into tax season and toward spring, it’s a good time to remember that the national alliance on mental health (NAMI) raises awareness about mental health.

Michael Lemme, CPA, has advocated on behalf of hundreds of businesses and individuals during his tenure at Hunter Hagan in Old Town Scottsdale. His commitment to advocating for Arizona residents and CPAs has continued for over 30 years through dedicated volunteer work on the Arizona Society of CPAs’ Tax Legislation Review Committee.

Among other actions at its January 24, 2024 meeting, the ASCPA Board of Directors reviewed the consent agenda, nominating committee report and more.

A new legislative session has started, and the ASCPA's advocacy team has your back. Click to read details on this year's priorities, updates on income tax conformity and more. 

"Three years on from the social justice movement which resulted from the deaths of George Floyd, Breonna Taylor and countless others, the need for action involving DEI continues. Continued action is needed, because we as a society are past the point of conversation. ," says Jevonne Shepherd, CPA (licensed in CA).

While most people have heard of the 5 C's of credit, far fewer can name them. This article provides a detailed explanation of what banks mean when they consider the 5 C’s of credit.

Here are the nominees for the 2024-2025 board of directors.

The Inflation Reduction Act (IRA) was signed into law over a year ago, and it brought sweeping changes to how governments and other non-tax-paying entities evaluate clean energy projects.  What do you need to know?

In addressing the CPA pipeline challenge, the ASCPA sought your input in September through a survey on the 150-hour education requirement for CPA licensure. The biggest takeaway: The majority of respondents are ready for an alternative pathway to the CPA credential.

Andrea Levy, the ASCPA's current chair, shares new changes coming to the profession in the form of the new CPA Evolution-aligned exam.

This month’s update includes information on the State Board of Accountancy meeting, the coming 2024 legislative session, the ASCPA Income Tax Conformity Briefing and Arizona fiscal highlights.

Our members celebrated a lot of achievements this year, including earning their CPA designation. Congratulations to the following ASCPA members who earned their designation in 2023!

Several studies predict that most Americans will face a retirement income gap and could outlive their savings by an average of eight to 20 years. here are the biggest changes from SECURE 2.0 that impact your clients.

CPAs from Tucson share why they call their city home and how it shapes their careers.

This month’s update includes information on upcoming events and opportunities to engage with the ASCPA advocacy team.