This month’s update includes information on the 2020 General Election, the November State Board of Accountancy meeting, remote sellers and marketplace facilitators news, and the ASCPA Advocacy Roundtable.
Arizona Election Impact on CPAs
What goes on at the State Capitol impacts CPAs in many ways. That’s why regardless of the politics constituting the Arizona Senate and House of Representatives, the ASCPA advocates on your behalf and serves as the nonpartisan expert on matters impacting CPAs. Congratulations to Senate Majority Leader Rick Gray for being re-elected to that role. Senator Gray ran SB 1131 on behalf of the ASCPA and supports this profession. You can view the ASCPA election update here from the ASCPA Advocate sent on Nov. 6. As we prepare for the next legislative session, know that the ASCPA has your back!
State Board of Accountancy
At this month’s State Board of Accountancy meeting, the Board discussed the recently adopted UAA Rules by the National Association of State Boards of Accountancy (NASBA). The Board previously shared concerns with specific education requirements during the exposure draft period. Board staff noted that Arizona does not necessarily have to conform with the entire UAA and will follow up with NASBA to see whether Arizona’s substantial equivalency will be affected if the state does not fully conform to the UAA. The Board also adopted two substantive policy statements. The first, 2020-001, interprets statute to allow a CPA to have an email or domain name that does not exactly match the name registered with the Board. Substantive Policy Statement 2020-002 outlines the Board’s interpretation that except for attest and compilation services, CPAs (an individual, sole proprietor, sole owner of a business or business owned 100% by a married couple) who perform accounting work for their own business without compensation (except for flow-through-profit, salary or owner compensation) meet the statutory definitions for inactive or retired status.
Arizona Department of Revenue – Remote Seller and Marketplace Facilitator
The Arizona Department of Revenue (ADOR) provided an update on the status of remote sellers and marketplace facilitators TPT collections. Since the law took effect in October 2019, ADOR has collected more than $467 million in TPT. The department has a section of its website dedicated to the topic of remote sellers and marketplace facilitators, including FAQs. They’ve also set up the E-Commerce Compliance and Outreach (ECCO) team to support taxpayers and customers in this arena.
Advocacy Roundtable Event
Register for the Advocacy Roundtable webcast on Dec. 9 at 9 a.m. and hear from ASCPA lobbyist Ryan DeMenna for a 2020 elections update. The roundtable includes Senate President Karen Fann, Senate Majority Leader Rick Gray, Senator Sean Bowie, House Majority Leader Ben Toma, Representative Alma Hernandez and Representative Jennifer Pawlik. Have the option to participate in a Q & A with legislators and get the inside scoop on Arizona politics and the 2021 legislative session.
For additional information on our advocacy activities, please contact John Baumer.