The Corporate Transparency Act (CTA) was enacted as part of the National Defense Act for fiscal year 2021. Under the CTA, millions of entities must report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN)
The National Pipeline Advisory Group's national pipeline survey is now open. Your insights will shape profession-wide efforts to tackle the talent shortage and attract more people to a rewarding accounting career.
The Board of Directors is pleased to announce the nominees for the Society's 2024-2025 Board of Directors.
As we get started on a new year and approach busy season, it’s a good opportunity for leaders to cultivate a culture of resilience within their teams.
The Department of Revenue has partnered with certain tax preparation software companies that will allow you to file the Washington capital gains return, make payments and file extensions through their software.
During the October 18, 2023, WSCPA Member Exclusive webinar, Monette Anderson, CAE, WSCPA Vice President of Membership & Education, talked with previous WSCPA Business of the Year recipients about how they build winning cultures at their firms. Here is an excerpt from that conversation.
CAMICO just released Coverage Considerations for CPA Firms to provide further clarification regarding specific coverage-related considerations and implications of rendering CTA-related services and shared sample letters for WSCPA members.
Beneficial Ownership Information requirements went into effect on January 1. While the WSCPA and others advocated for a delay to these requirements, the dysfunction in Congress meant the delay couldn’t pass the finish line before the new year and has now been slowed by the work to avoid a government shutdown.
Businesses have many responsibilities in their day-to-day operations, which importantly includes staying compliant with federal and state regulations. It can be challenging. Here are the regulatory issues that could impact businesses the most in 2024 to help employers and HR professionals prepare for what could be coming down the road.
The 2024 Legislative Session started on January 8 and is off to a fast start. Although this year is a “short session,” and legislators are discussing many significant issues which do not directly affect the CPA profession, there are still several bills we are tracking and working on.
Enacted as part of the 2021 National Defense Authorization Act and amending the Bank Secrecy Act, the Corporate Transparency Act (CTA) is intended to close a perceived information gap related to money laundering and other illicit acts.
Volunteers from across the state braved wintery conditions to convene in Olympia for the WSCPA’s annual Hill Day on Thursday, January 18. The day kicked off with an engaging meeting and a discussion of the current legislative and regulatory challenges confronting the CPA profession in our state.
This year, the Washington CPA Foundation Scholarship application requires a new document, the Major GPA Calculator worksheet. With this worksheet, applicants can easily calculate their GPA in their major and showcase their course load in accounting subjects and their grades in those classes.
We get feedback from students that the letter of recommendation is the most challenging part of completing their scholarship application. Here are some tips to help you clinch those stellar recommendation letters that could nab you one of our $5,000 scholarships and hopefully more awards in the future.
What prompts an international tax accountant to become an accounting professor? WSCPA Chair Andrew Brajcich. CPA, JD, LLM, shares insights into why he chose to become a professor. He also discusses the evolving landscape of accounting.
The main motivators behind applying for a scholarship usually have to do with financial assistance and reducing student loan debt. These are incredibly valid but there are so many other reasons why you should apply for a scholarship. With the Washington CPA Foundation Scholarship application deadline approaching, here are 5 other reasons why you should complete and submit your scholarship application.
Many financial professionals are offering advisory services as a natural evolution of their business. Though it takes a lot of hard work, adding an advisory service sets you apart from the competition, elevates your status in the marketplace, increases client retention and generates new, more profitable revenue streams.
In a letter sent recently to Department of the Treasury Secretary Janet Yellen, Internal Revenue Service (IRS) Commissioner Danny Werfel and every Member of Congress, the American Institute of CPAs (AICPA) detailed how an IRS shutdown during the tax filing season would harm the Service, taxpayers and tax practitioners. The letter also outlines recommendations to the IRS that could mitigate the long-term effects of a shutdown.
Join us in Olympia on January 18 for one of the year’s most important advocacy events. This year the WSCPA will be running legislation and there will be many conversations around various tax policies and other issues affecting the profession.
New beneficial ownership information reporting requirements will affect small businesses including small CPA firms starting Jan. 1. The U.S. House of Representatives passed H.R. 5119, Protect Small Business and Prevent Illicit Financial Activity Act, providing a one-year delay to the start of the rule. Reach out to your senators to ask them to pass the bill.