News, Legislative Update

Legislative and Accountancy Board Update – September 2020

Published on September 15, 2020

 This month’s update includes information about the Arizona State Board of Accountancy’s Annual Meeting, an interview with Sen. Sean Bowie, the executive order on payroll taxes, IRS acceptance of e-signatures, a letter of support for the Remote and Mobile Worker Relief Act and the ASCPA PAC Report.

State Board of Accountancy

The Accountancy Board held its annual retreat virtually last month. ASCPA Board Chair Ginny DeSanto and President & CEO Cindie Hubiak provided an update on the Society’s efforts toward supporting the work of the Board. Cindie and Ginny thanked the Board and staff for their continued service to Arizona during the COVID-19 pandemic. During her update, Cindie remarked on the legislative successes of the CPA profession this year despite the adversity faced by Arizona. Dialogue continued with recognition of the importance of the collaboration between the two organizations. Listen to the ASCPA’s remarks to the Board.

Interview with Senator Sean Bowie

Arizona State Senator Sean Bowie (D - Ahwatukee) sat down with John Baumer, ASCPA Director of Government Relations, and ASCPA lobbyist Ryan DeMenna, partner at DeMenna Public Affairs, to share his insights on this past session and what to expect going into 2021. Senator Bowie is the ranking Democrat on the Senate Finance Committee and has served two terms in the State Senate. Watch the interview.

Executive Order on Payroll Taxes

Earlier last month, the President issued a memorandum allowing for employers to defer payroll tax withholdings for affected employees during the final quarter of 2020. The IRS followed with Notice 2020-65, which provided guidance for employers for the tax withholding deferrals. The due date for the deferred taxes is postponed until after January 1, 2021, and before April 30, 2021. To see more discussion on the topic, visit the Tax Community page on the ASCPA’s Connect website. Watch Monica J. Stern, CPA, in an interview with CBS 5 on the topic.

IRS Accepting E-Signature for Certain Forms

The Internal Revenue Service has temporarily lifted the requirement for handwritten signatures for certain tax forms. The memo’s implementation, released on August 27, seeks to alleviate the concerns with collecting handwritten signatures due to the pandemic and allow for timely filings. The suspension of the requirement is through December 31, 2020, at which point the IRS will evaluate the full impact for future signature requirements.

Letter Supporting Remote and Mobile Worker Relief Act of 2020

The AICPA and the Council on State Taxation spearheaded a letter to Congressional Leaders in support of the Remote and Mobile Worker Relief Act of 2020. The ASCPA and more than 100 organizations signed onto the letter, which urges passage of the legislation. The act provides tax filing relief for remote workers during the pandemic and streamlines complicated state and local tax obligations.

ASCPA PAC Report in AZ CPA

The September/October issue of AZ CPA magazine features our special report on the ASCPA Political Action Committee (PAC), how your contributions are used and how they make a difference. Many of you contributed already - Thank You! If you’d like to contribute, go to our Online PAC Donation Information.

For additional information on our advocacy activities, please contact Cindie Hubiak or John Baumer.