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Legislative and Accountancy Board Update – February 2018

February 20, 2018
This month’s update includes information on a CPA bill sponsored by Senator Yee, a meeting with the Arizona Department of Revenue, the status of income tax conformity, an update on the latest Accountancy Board meeting and appreciation to our ASCPA members.

What is the Difference Between a Manager and a Leader?

February 20, 2018
Every organization needs effective managers and leaders. But what’s the difference between the two? But before you delve into the subtle differences between the two, according to David Cotton, CPA, chair of Cotton & Co. in Alexandria, Virgina, who recently presented on this topic in Virginia and Arizona, it’s worth exploring why leadership and managerial training are important to a population that’s already gone through extensive schooling and licensing.

A Message from the IRS to CPAs

January 9, 2018
The IRS continues to review its procedures to better protect sensitive taxpayer data. As part of this effort, the IRS will request additional information from tax professionals who contact them through the Practitioner Priority Service or any toll-free IRS telephone number.

Next Stop for Tax Reform: The Oval Office

December 21, 2017
Recently, both houses of Congress passed a tax reform bill titled “To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,” also known as the Tax Cuts and Jobs Act. The legislation is now bound for the President’s desk. After a Senate and House conference committee reviewed the preexisting bills from both houses, a number of changes and consolidations were made to create the final bill.

Senate Tax Reform Proposal Differs From House Proposal in Key Ways

November 16, 2017
Tax reform is developing at a breakneck pace. On November 2, the House Ways & Means Committee released HR1, the “Tax Cuts and Jobs Act” — its version of tax reform. The bill has already seen amendments, and the contents have been a topic of great discussion in the profession and the news. On Thursday, November 9, the Senate Finance Committee released a conceptual description of its version, also termed the “Tax Cuts and Jobs Act.” The House adopted the package on Nov. 16.