With the aging baby boomer population, and when the death or incapacity of a practitioner occurs, several key issues arise including who will take control of client records and who will assure their safekeeping during the winding down of the practice. See this resource prepared by the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA).
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This month’s legislative update includes information about a meeting on Personal Services Sale Tax held at the Society’s office, an update on the most recent Accountancy Board meeting, passage of the Mobile Workforce Simplification Act, letters of support on the Overtime Reform and Enhancement Act and a reminder about CPA license renewal dates.
The U.S. House of Representatives passed the Mobile Workforce State Income Tax Simplification Act of 2015, H.R. 2315, by voice vote on September 21. The bill would establish a uniform national standard governing the withholding of state income taxes for nonresident employees.
In 2000, the Arizona Legislature started creating a dizzying array of Income Tax Credits. This primer details the PERSONAL tax credits favored by many taxpayers … and which have become a necessary lifeblood of support for the receiving organizations.
This month’s legislative update includes information about the Department of Labor’s overtime rule, the Accountancy Board’s Annual Meeting, results of nonhealth board study and a PAC contribution update.
The Arizona Society of CPAs continues to work to soften the blow of the U.S. Department of Labor’s (DOL) overtime rule that will take effect later this year.
The Internal Revenue Service is warning tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers.
The Financial Accounting Standards Board (FASB) issued a new standard that is intended to simplify and improve how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements and notes about its liquidity, financial performance, and cash flows.
This month’s legislative update includes information about a meeting on the personal services sales tax (PSST), the Society’s tax legislation committee, topics from the last Accountancy Board meeting and a PAC update.
This month’s legislative update includes information on the proposed personal services sales tax, Accountancy Board appointment, an update on this month’s Accountancy Board meeting, including disability fee waivers, the importance of responding timely to the board and the definition of a firm. A PAC update is also included.