This month’s update includes information on a meeting at the Arizona Department of Revenue, an update on Proposition 207 and information from last month’s Accountancy Board meeting.
Meeting with Arizona Department of Revenue
The Society’s lobbyist, DeMenna Public Affairs, met with Arizona Department of Revenue (ADOR) team members Deputy Director Dr. Grant Nülle and Legislative Liaison Bill Ritz. Some reminders arising from this meeting include:
- ADOR no longer requires a copy of the Federal return for corporations or partnerships. If these are received, they will be destroyed.
- Remember to refer to the ADOR list of organizations that are qualified to receive tax credit donations. Many of the tax credit donations being claimed are not on the list.
- CPAs working in the world of nonprofits no longer need to submit Form 990 to the state.
Update on Proposition 207
Shortly after last month’s update went out, the Arizona Supreme Court removed Proposition 207 from the November 6 ballot. This was the Invest in Education Act that would have increased taxes on Arizona’s wealthier citizens and allocated the revenue to teacher salaries and school operations. Additional information about all ballot initiatives can be found on the Secretary of State’s website.
The Accountancy Board (Board) held its Annual Meeting at the ASCPA office on August 23 and 24. Mike Allen and Cindie Hubiak provided an update on the Society’s efforts toward supporting the work of the Board. The dialogue continued with recognition of the importance of the collaboration between the two organizations to pass SB 1443 (Certified Public Accountants). Cindie commended the Board for the proposed rulemaking packet currently under review.
Board accomplishments this past year included aligning peer review language with the AICPA’s regulations (effective 1/1/2019) and SB 1443 (effective 8/3/2018) that decreased firm registration requirements and other items. The Board’s FY2020 budget was approved, Scott Wallace and Greg Blake now serve as investigators for the Board and a disciplinary matrix was reviewed to provide historical context and guidance for future Boards.
Board committee reports noted:
- More CPE files are out of compliance this year. The committee plans to review its sampling techniques and data on high-risk factors.
- The Tax Committee sees an increase in poor service creating problems for CPAs.
The Board recognized and honored LeRoy Gaintner for his service as past president, as well as the following ASCPA members for their service on Board Advisory Committees: Joe Epps, Lisa Lumbard and Chris Lutes (A&A); Vicki Rios and Nancy Maurer (Certification); Anne Cornelius (CPE), Mark Landy (Law Review) and Steve Rodis (Tax).
For additional information on our advocacy activities, please contact Cindie Hubiak.