WICPA Hot News
- IRS news for tax professionals
- Click on the link above to read March IRS news for tax professionals.
- AICPA extends contract with CPA Exam partners
- The AICPA, the National Association of State Boards of Accountancy (NASBA) and Prometric have extended until 2024 their contract to jointly offer the CPA Examination in the U.S. The agreement represents a 10-year extension of the exam contract.
- Brewers Bash 2010
- Back by popular demand! The WICPA’s Fourth Annual Brewers Bash is one hot ticket. Make sure you join us as the Brewers take on the Phillies on Friday, May 14. You won’t want to miss this event. Click here for more details.
- WICPA seeks Director of Membership and Marketing
- Are you a strategic and creative thinker with a visionary orientation? Do you possess strong management, leadership and diplomacy skills? Do you have exceptional written and oral communication skills, and strong people skills? Can you lead projects, work in a team environment, take initiative and productively consult with professional colleagues? If so, then you would be the perfect candidate for the WICPA’s new Director of Membership and Marketing position. Click here for more information.
- Updates regarding accounting standards for private companies
- Click here to read a statement by AICPA Chairman of the Board Robert R. Harris, CPA/CFF regarding the newly created blue-ribbon panel whose work this year may lead to differences in financial reporting standards for many of the nation’s 29 million private companies, their financial statement users and their CPA firms.
- Article examines pros and cons of principles-based accounting standards
- An article about the pros and cons of principles-based accounting standards and the far-reaching ramifications of the U.S. transitioning to IFRS can be read here.
- AICPA responds to IRS proposal to require companies to disclose uncertain tax positions
- Click on the link above to learn more about the AICPA Tax Division task force's response to the proposal announced on Jan. 26 by IRS Commissioner Douglas Shulman that would require many companies to disclose uncertain tax positions on their tax returns.
- Check out the new DRL's Web site
- The State of Wisconsin Department of Regulation and Licensing has a new Web site, which includes information about CPA licensing requirements and the ability to look up CPA licenses.
- Updates regarding changes to the CPA Exam
- Information from the AICPA regarding standard-setting, the process for setting a new passing score on the CPA Examination, can be read here. Also, information about the AICPA’s Examinations Team’s search for CPA nominees to serve on standard-setting panels can be read here.
- IRS introduces proposal to regulate paid tax preparers
- The IRS has announced its plans to regulate paid tax return preparers in an effort to improve compliance and enhance ethical conduct. The proposal recommendations, which would be phased in beginning in the 2011 filing season, include mandatory registration of paid tax return preparers as well as competency testing and CPE requirements. CPAs, attorneys and enrolled agents would be exempt from the education and entry-testing requirements. Click here for information on the AICPA's advocacy efforts regarding
- IFRS experts needed to develop Certificate of Accomplishment Program
- The AICPA is seeking subject matter experts (SMEs) with extensive IFRS knowledge and experience in IFRS application and/or training to help develop IFRS Certificate of Accomplishment program for CPAs and chartered accountants. The program's objective is to equip participants with the knowledge and experience to apply IFRS in the U.S. Click here for more information.
- Estimated employment tax liability
- Is your estimated employment tax liability less than $1,000 for the calendar year? If so, you are eligible to file annual Form 944 rather than the quarterly Form 941. In the past, filing this form was mandatory for employers who met the qualifications. Recently released Revenue Procedure 2009-51 provides procedures for qualified employers to make an election whether to file annual Form 944 or quarterly Form 941 to report employment taxes.
- First-time homebuyer credit update
- The credit has been extended and modified. An IRS News Release from Nov. 24 which discusses some of the changes can be found here . Also, click here for an IRS Special Edition Tax Tip entitled, “10 Important Facts About the Extended First-time Homebuyer Credit."
- 2010 U.S. Census: what to know
- Read the Better Business Bureau article on basic FAQs of the 2010 U.S. Census with information on what questions to answer and what scams to avoid. Click here to read the article.
- 2009 Strategic Plan
- In June 2009, nine WICPA members and the state management team developed the strategic plan that will shape our activities over the next five years. Click here to explore how the WICPA plans to make the organization more relevant to you, our members.
- Feed the Pig for Tweens
- The AICPA and the Ad Council have launched Feed the Pig for Tweens, a financial literacy curriculum for fourth to sixth graders. The program is an extension of the national campaign, Feed the Pig, aimed at 25 to 34 year-olds. For more information, visit http://www.prnewswire.com/mnr/aicpa/35098/ .