The NJCPA regularly attends the monthly meetings of the New Jersey State Board of Accountancy. Below are highlights from the meetings:
At the New Jersey State Board of Accountancy’s Feb. 21 meeting, Robert Asaro-Angelo, Commissioner of the NJ Department of Labor and Workforce Development, addressed the growing problem of misclassification of independent contractors. He said misclassification has risen 40 percent over the past decade, noting that this is detrimental to workers by denying them access to a variety of safeguards and benefits.
After receiving Board member approval, the Commissioner wrote a letter to all licensed CPAs discussing the proper procedures for classifying independent contractors.
All CPAs will receive a copy of the letter in the coming weeks. You can see the letter here.
The NJCPA Cannabis Interest Group submitted a Statement of Position (SOP) to the New Jersey State Board of Accountancy for CPAs who provide cannabis-related services. The SOP, which is similar to statements issued by other state boards of accountancy, would provide guidelines to CPAs regarding their practice in a field that is legal on a state level but not on a federal level. The Board is considering the NJCPA SOP if and when New Jersey adopts a law to legalize recreational marijuana use.
At the New Jersey Board of Accountancy’s Oct. 18 meeting, the Board counsel said the new regulations created to replace the sunsetting regulations were reviewed by the Attorney General’s office and are soon to be published in the New Jersey Register. They are then out for public comment for 60 days. After the comment period ends, it is then published in the Register as adopted regulations.
The Board voted to simplify and revise the form that CPA instructors need to fill out in order to receive CPE credit for teaching courses.
Click here to view upcoming meeting dates and access meeting minutes.
The Klarbergs | Member Story
CPE Tracker | NJCPA Member Benefit
Why Get Your CPA License?
View all events