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Accounting Profession Provides Congress with Six Recommendations for Next Phase of COVID-19 Relief Legislation

July 21, 2020
The AICPA, on behalf of the accounting profession, continues to encourage Congress to not delay in finding bipartisan consensus on additional relief and recovery legislation, and to include provisions that reflect the true and immediate need of small businesses. In a letter sent on July 20 to Congressional leaders, the profession called for a focus on small business’ and the American workforce’s urgent need for fast, simple solutions that drive economic recovery.

Are Your Corporate Tax Credits Making a Difference?

June 18, 2020
Sponsored Content - Individuals and corporations have opportunities to change lives through tax credits. Families of current students, alumni, business owners and individuals who care and contribute provide testimonials about the impact of scholarships created through Catholic Education Arizona. It's quick, it's easy. Learn how you can make a difference.

Legislative and Accountancy Board Update – May 2020

May 22, 2020
This month’s update includes information on the Arizona Legislature’s attempts to adjourn session, tax implications of forgiven PPP loans, letters sent to Arizona’s Congressional delegation, an overview of the governor’s executive orders and the monthly State Board of Accountancy meeting.

Keeping a Liquidity Crisis from Becoming a Solvency Problem

April 22, 2020
Any size and type of business can have a liquidity crisis. Liquidity can be defined as the ability of a business to pay its current financial obligations, which requires converting assets, such as, accounts receivable, inventory or services provided into cash as quickly as possible. Cash is the most liquid of all assets and is used to pay current financial obligations and purchase capital assets.

Legislative and Accountancy Board Update – April 2020

April 22, 2020
This month’s update includes information about ASCPA’s COVID-19 Resource Center, an update on the legislature, an overview of the governor’s executive orders, the cancellation of this month’s State Board of Accountancy meeting and a PAC update.

Legislative and Accountancy Board Update – March 2020

March 31, 2020
This month’s update includes an information from this month’s Board of Accountancy meeting, legislation impacting the State Board of Accountancy and a rule change, Department of Revenue Director confirmation, income tax conformity legislation, the adjournment of Arizona legislature, political fundraisers and a PAC update.

Preparing for the Worst, Planning for the Best

March 30, 2020
The world’s economic outlook, political environment, and social atmosphere are much different today than they were just a few weeks ago. Inevitably, some of these changes will take longer to overcome and others may never be the same. While no one could have clearly predicted a deadly virus outbreak, signs for an upcoming economic plateau, or even another recession, were inevitably on the horizon, even before coronavirus. Whether it’s the recent Great Recession, the early 2000s dot-com boom and subsequent bust, the Great Depression of the 1930s, or even a global pandemic such as COVID-19, successful companies should understand the imperative need to prepare for the worst and plan for the best.

Gov. Ducey Executive Order Should Not Impact CPAs

March 27, 2020
On March 26, Governor Ducey issued Executive Order 2020-17, which requires non-medical licensing boards to defer renewals for licenses expiring between March 1 and September 1, 2020, unless the requirements can be completed online. The executive order also includes language regarding continuing education deferral and suspension of rules limiting online or alternative learning.