This month’s update includes information about Arizona’s legislative session, recent political fundraisers, an Internal Revenue Service meeting, a legislative and Accountancy Board presentation at the Society’s Accounting & Assurance Conference and an update from this month’s Accountancy Board meeting.
Arizona’s Legislative Session
The second regular session of Arizona’s 54th Legislative Session officially began on January 13 and Governor Ducey delivered his State of the State Address to the Legislature. In his address, the governor focused on continuing to: reduce government, lower taxes and make Arizona a model state.
ASCPA Director of Government Relations, John Baumer, and lobbyists at DeMenna Public Affairs attended more than two dozen fundraisers for Arizona elected officials and candidates during what’s known as “Hell Week.” The term comes from a prohibition on legislators from fundraising while in session. Since the Legislature convenes on the second Monday in January each year, the week leading up to it has earned that name as legislators rush to raise as much money as possible before the moratorium takes effect.
Internal Revenue Service Meeting
The ASCPA hosted Lisa Novack, senior stakeholder liaison with the Internal Revenue Service, for a Tax Practitioner Meeting this month. The meeting covered a number of topics including the Taxpayer First Act, virtual (crypto) currency, data security and the medical and recreational marijuana industries. The Arizona Department of Revenue attended and spoke on the state’s sales tax system and conformity in 2020.
Accounting & Assurance Conference
Ryan DeMenna, partner at DeMenna Public Affairs, presented at the Society’s annual Accounting & Assurance Conference. DeMenna provided attendees with an overview of the legislative process, how a bill becomes a law and the 2020 election cycle. He stayed for lunch, where he and John Baumer answered questions from attendees. Monica Petersen, Accountancy Board executive director, provided information beneficial for those working in A&A.
At this month’s State Board of Accountancy meeting, the Board received a briefing from staff on the policies related to investigator assignments. After analyzing its policies and procedures, staff will rework the investigator assignment process to better serve committees, the Board and CPAs.