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State CPA Societies in Action: Alabama Society of CPAs

CPA Practice

The Alabama Society of CPAs was formed in 1919 and adopted its recent bylaws on June 25, 1975, with the last revision completed on March 1, 2018. The Alabama Society of CPAs like many other societies, has been impacted by the Covid-19 pandemic. The ASCPA also has an educational foundation.

Alabama 111
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New Alabama Legislation to Exempt Federal COVID Benefits from Alabama Income Tax

Dent Moses

Yesterday, Alabama House Bill 231 and Alabama Senate Bill 152 were forwarded to Governor Kay Ivey for signature. The Alabama Society of Certified Public Accountants recently sent out the following guide which addresses many frequently asked questions. Which Alabama taxpayers does this new legislation impact?

Alabama 52
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Meet our new US Xero Partner Advisory Council members

Xero

The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

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New National Research on CPA Pipeline Challenges Underway

CPA Practice

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

CPA 119
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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2% In Sanders v. Comm’r, 160 T.C.

Tax 91
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AICPA Forms Advisory Group to Create Strategy to Address CPA Talent Shortage

CPA Practice

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license.

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Friday Footnotes: KPMG Client’s Spectacular Failure; PwC Gets Defensive; Kids Doing Taxes | 3.10.23

Going Concern

And I oop– It’s true (Part II, Item 8 “Report of Independent Registered Public Accounting Firm”). Half of those entering the accounting profession are women,” Peters wrote in the study. Big 4 The original post was deleted and disappeared just before press time. KPMG has served as SVB auditor since 1994.

Tax 106