Showing News Items: 110 of 182

Legislative and Accountancy Board Update – June 2019

June 21, 2019
This month’s update includes information about our Capitol Hill visits, Majority Leader Gray speaking at Leadership Day, members appointed to the Financial Literacy Task Force, federal income tax conformity passing, CPA license renewal due date and the ASCPA PAC report planned for release in September.

Arizona Addresses the Wayfair Decision

June 6, 2019
As part of Arizona’s 2020 state budget agreement, the Governor and legislative leaders crafted legislation addressing income tax and the Wayfair decision. Read an overview of the Wayfair-related provisions included in HB 2757 prepared for the ASCPA by DeMenna Public Affairs.

Legislative and Accountancy Board Update – May 2019

May 21, 2019
This month’s update includes an update on conformity, information on a political party event, a member’s political outreach, Accountancy Board appointments and information from this month’s Accountancy Board meeting, and a PAC update.

Responding to Pressure to Provide CPA-to-Lender ‘Comfort’ Letters

April 18, 2019
CPAs at times come under fire from banks and other lenders pressuring them to provide assurances regarding their clients’ financial strength. Many CPAs have shared their frustrations and concerns with CAMICO regarding veiled threats from aggressive brokers and lenders alleging that their clients will not qualify for a loan without receiving a letter from the CPA supporting the client’s loan qualifications. Some brokers have even suggested that the client should seek a “more cooperative” CPA

Legislative and Accountancy Board Update – April 2019

April 18, 2019
This month’s update includes information on the repeal of auditor rotation/restrictions, information on Arizona’s universal recognition of occupational licenses, our Operation Conformity updates, an Accountancy Board update and a PAC update.

Legislative and Accountancy Board Update – March 2019

March 21, 2019
This month’s update includes information on our conformity broadcasted call and media engagement, repealing auditor rotation/restrictions activity, four deregulation bills, a political party event and a reminder of this month’s CPA license renewal due date.

Terms and §199A

February 21, 2019
A lot of confusion related to Section 199A relates to confusion regarding the use of words that now have very specific technical meaning and either attempting to talk about issues using the word when one party doesn't mean the technical term or CPAs attempting to take a technical term out of its very limited technical context and using it in an unrelated area.

Legislative and Accountancy Board Update – February 2019

February 19, 2019
This month’s update includes a request for Congressional delegation connections; information on federal income tax conformity; legislation related to deregulation, tax and audit; information on a meeting with the Arizona Department of Revenue; and an update from this month’s State Board of Accountancy meeting.