With the votes of AICPA Council and the National Association of State Boards of Accountancy's board of directors, it's official: The profession is pursuing a new model for CPA licensure. The goal is to launch a new CPA Exam in 2024. Learn about the new licensure model and what's next.
Not-for-profits face challenges related to funding, operations and strategy as a result of the coronavirus pandemic. These tips can resolve issues related to the Paycheck Protection Program, accounting and other topics.
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One widely known strategy suggests that retirees withdraw 4% of savings in the first year of retirement, then modify spending based on inflation. Subsequent research shows there might be ways to increase the withdrawal rate, and this article describes factors to consider.
CPAs: Prepare to prepare (again) With 1 deadline down and more on the way, it’s crucial firms use this “break” to prepare… themselves. Whether you’re increasing headcount or determined to improve efficiency team-wide, learn how to hire, enable, and secure CPAs from anywhere, today.
The Internal Revenue Service has announced that beginning today, in response to the coronavirus pandemic, it is temporarily accepting duplicate copies of Form 3115, Application for Change in Accounting Method, sent by fax, instead of mail. This procedure does not apply to nonautomatic method changes.
Annual Section memberships are now just $179 The financial landscaping has changed dramatically. We can help guide you through these times with specialized Sections full of resource libraries, timely news, thought leadership and more. Choose from Tax, Personal Financial Planning (PFP), Not-for-Profit (NFP) and Forensic and Valuation Services (FVS). Explore sections >
Many businesses and CPA firms have strengthened anti-discrimination and anti-harassment policies. But it's also important to address harassment of and discrimination against employees by third parties, such as clients or vendors.
GDP for the second quarter dropped at a record annual rate of 32.9%, according to the Commerce Department. Separately, initial applications for unemployment benefits reached 1.43 million last week, marking an increase of 12,000, according to the Labor Department.
They've forged a path so that your path can be clearer
Interested in starting a tax and financial planning business? Not sure where to start? In this podcast series, you'll get invaluable advice from successful practitioners on how to expand your offerings, from estate to investment planning services. Courtesy of the AICPA Personal Financial Planning Section. Available to all AICPA members.
Free CPE: Crypto doesn't have to be cryptic
Cryptocurrency is gaining popularity, and the Internal Revenue Service has upped its enforcement of reporting related assets accordingly. So now's the time for you to get clear on all the guidelines, what they mean for those you serve, and how you can best help them comply. Attend the Cryptocurrency Tax Reporting: Client Implications and Compliance webcast, Aug. 20 at 2 p.m. ET.
American Institute of CPAs
(AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in 137 countries and territories, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.