Five Things I Learned from the NJCPA Bylaws Vote Posted: September 20, 2017 The NJCPA member vote earlier this year to turn down the proposed expansion of the Associate member category to include those who do not hold a CPA license was heard — loud and clear. Please read the letter to see what we learned along the way.
Rules Would Allow Truncated Taxpayer IDs on Forms W-2 Posted: September 19, 2017 In an effort to reduce identity theft, the IRS has issued proposed regulations that would permit employers to use truncated taxpayer identification numbers on Forms W-2 issued to employees.
AICPA Campaign Promotes CPA Firms’ Key Role in Advising Small Businesses Posted: September 18, 2017 The American Institute of CPAs has launched the latest update of its national #CPApowered campaign, an initiative designed to showcase the strengths of CPA firms as trusted tax and business advisors to consumers and small businesses. The NJCPA is participating in this effort.
Trump's Vow for a Middle-Class Tax Cut Could Actually Slam the Middle Class in NJ Posted: September 18, 2017
CPA Exam Score Extensions to be Case Basis Only Posted: September 13, 2017 The National Association of State Boards of Accountancy (NASBA) said it would determine any CPA candidate requests for extensions past the 18-month window for passing the Uniform CPA Examination on a case-by-case basis.
IRS Interest Rates Remain the Same for the Fourth Quarter Posted: September 8, 2017 The IRS has announced that interest rates will remain the same for the calendar quarter beginning October 1, 2017.
CPAs Have More Reciprocity Than NJ Board of Accountancy Form Says Posted: September 7, 2017 The Application for Certification by Endorsement form posted on the New Jersey State Board of Accountancy website erroneously states reciprocity information. While the State Board is aware of the error, the form has yet to be updated to show that NJ has reciprocity with all jurisdictions.
U.S. Judge Strikes Down Obama Administration Overtime Pay Rule Posted: September 6, 2017 A federal judge in Texas on Thursday struck down an Obama administration rule that would have extended mandatory overtime pay to more than 4 million U.S. workers, siding with business groups and 21 states that had challenged it.
IRS Provides Penalty Relief for Partnerships that Filed Late Returns in 2017 Posted: September 1, 2017 The IRS has issued guidance providing penalty relief for certain partnerships that did not file the required returns by the new due date for tax years beginning in 2016.
U.S. Business Executives Cite Scarcity of Skilled Personnel as Top Concern Posted: August 31, 2017 Business executives maintained their generally upbeat view of prospects for the U.S. economy, and have upgraded expectations for profit and revenue growth over the next 12 months, according to the third-quarter AICPA Economic Outlook Survey. But there is a dark cloud on the horizon: the growing scarcity of suitable job candidates.