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The WSCPA will be closed Wednesday, June 19th in observance of Juneteenth.

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Corporate Transparency Act: Coverage Considerations for CPA Firms, FAQ and Sample Letters from CAMICO

February 16, 2024

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.

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BOI and Unauthorized Practice of Law: The Case in Washington State

February 13, 2024

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.

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Top Regulatory Issues of 2024: What Businesses Should Know and Prepare For

February 12, 2024

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.

  • washington cpa magazine
  • wscpa blog

From Accountancy Act Revisions to Capital Gains Tax: The Latest Developments in the 2024 Legislative Session

February 05, 2024

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.

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Oh BOI: The Corporate Transparency Act and CPA Firms

February 05, 2024

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.

  • washington cpa magazine
  • wscpa blog
  • advocacy blog

Hill Day 2024: Another Successful Advocacy Event

January 29, 2024

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.

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How to Complete the Major GPA Calculator Worksheet for the Washington CPA Foundation Scholarship Application

January 29, 2024

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.

  • become a cpa blog
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If You Don’t Know About This, You May Be Missing Out On $5,000

January 26, 2024

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.

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International Tax Accountant to Professor

January 24, 2024

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.

  • washington cpa magazine
  • wscpa blog

5 Not-So-Obvious Reasons to Apply for a Scholarship

January 19, 2024

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.

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What’s Your Game Plan for Starting an Advisory Practice?

January 10, 2024

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.

  • wscpa blog

AICPA Warns Congress of Damaging Impacts during the 2024 Tax Filing Season in the Event of a Government Shutdown

December 20, 2023

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.

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Hill Day 2024

December 18, 2023

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.

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A Call for You to Reach Out to Congress to Delay BOI Reporting Requirements

December 15, 2023

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.

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WSCPA Supports Letter Asking for Bills to be Included in Year-End Legislative Package to Delay BOI Reporting Requirements

December 14, 2023

In a letter addressed to members of the House Financial Services Committee and Senate Banking Committee, the AICPA and all 54 state CPA societies, including the WSCPA, asked that H.R. 4035 and S. 2623, the Protecting Small Business Information Act of 2023, or similar legislation to delay, be included in any year-end legislative package.

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How to Add External Events to Your WSCPA CPE Transcript via LCvista

December 06, 2023

Want to customize your WSCPA CPE Transcript by adding any courses that you've taken from other vendors? Here's how!

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Export CSV File of Your WSCPA CPE Transcript for License Renewal

December 05, 2023

Submitting your required CPE for license renewal just got easier!

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False Claims Related to PPP Loans

November 30, 2023

The following Q&A with CAMICO Claims experts reflects recent claims experience involving potential false claims related to Paycheck Protection Program (PPP) loans issued (and forgiven) during the COVID-19 pandemic.

  • wscpa blog

What's the Risk?

November 27, 2023

Updated quality management standards promote a risk-based approach to planning and performing group audits. This article from the fall issue of The Washington CPA magazine, outlines what's new and how to implement the standards.

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  • wscpa blog

Stopping a Cyberattack in Its Tracks

November 16, 2023

Is your firm prepared to stop a cyberattack? Do you have the appropriate measures in place to prevent damage from a ransomware attack? Find out by reading this CAMICO Claims Chronicle.

  • wscpa blog