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		<title><![CDATA[VSCPA Professional News]]></title>
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			<pubDate>Mon, 14 May 2012 19:51:14 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60987.aspx]]></guid>
			<title><![CDATA[TIGTA: IRS Needs to Address Whistleblower Issues]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60987.aspx]]></link>
			<description><![CDATA[According to a new report from the U.S. Treasury Inspector General for Tax Administration (TIGTA), the U.S. Internal Revenue Service&rsquo;s (IRS) Whistleblower Program Office (WPO) has not addressed several problems that were brought to its...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 14 May 2012 15:53:29 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60985.aspx]]></guid>
			<title><![CDATA[United States, Europe at Odds Over Auditor Rotation]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60985.aspx]]></link>
			<description><![CDATA[While American and European audit firms generally agree that mandatory audit firm rotation is a bad idea, firms in the two regions are divided over how best to maintain auditors&rsquo; objectivity and skepticism. Grant Thornton CEO Stephen...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 14 May 2012 15:51:55 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60984.aspx]]></guid>
			<title><![CDATA[SEC Considers Single-Method Financial Report Filing]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60984.aspx]]></link>
			<description><![CDATA[The U.S. Securities and Exchange Commission (SEC) is considering a simplified financial report filing process in which companies would be allowed to file under a single method instead of two separate methods. Under current rules, public companies...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 14 May 2012 14:45:12 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60983.aspx]]></guid>
			<title><![CDATA[McDonnell Pushes Port Economic Development Zone Amendment]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60983.aspx]]></link>
			<description><![CDATA[Virginia Gov. Bob McDonnell released a statement last week detailing his support for his budget amendment that would create an economic development zone to provide grants for maritime-related companies. McDonnell detailed 33 localities, chambers...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 09 May 2012 18:25:01 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60981.aspx]]></guid>
			<title><![CDATA[Survey: States Rethinking Concept of ‘Nexus’ for Taxes]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60981.aspx]]></link>
			<description><![CDATA[According to a new survey from Bloomberg BNA , state tax officials are expanding their concept of what constitutes a taxable economic presence in their state. For its 12th annual Survey of Tax Departments , BNA surveyed senior state tax officials...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 09 May 2012 18:08:28 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60980.aspx]]></guid>
			<title><![CDATA[Legislators Introduce Bill to Cut Taxes for Companies That ‘Insource’ Jobs]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60980.aspx]]></link>
			<description><![CDATA[Two Democratic lawmakers have introduced a bill intended to lower taxes for businesses that move jobs back to the United States from overseas. Rep. Bill Pascrell (D-N.J.) and Sen. Debbie Stabenow (D-Mich.) introduced the Bring Jobs Home Act,...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 09 May 2012 13:32:02 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60977.aspx]]></guid>
			<title><![CDATA[TIGTA: IRS Could Improve Customer Service for Identity Theft Victims]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60977.aspx]]></link>
			<description><![CDATA[According to a new report from the U.S. Treasury Inspector General for Tax Administration (TIGTA), taxpayers whose identities are stolen receive confusing and conflicting instructions from the U.S. Internal Revenue Service (IRS) and experience...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 08 May 2012 13:42:33 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60974.aspx]]></guid>
			<title><![CDATA[Virginia Groups Take Online Sales Tax Fight to Federal Level]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60974.aspx]]></link>
			<description><![CDATA[A group of Virginia business organizations plans to push Congress to enact legislation along the lines of Virginia&rsquo;s recently passed online sales tax law. Virginia Gov. Bob McDonnell signed the &ldquo;Amazon bill&rdquo; into law during the...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 07 May 2012 14:57:12 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60971.aspx]]></guid>
			<title><![CDATA[IRS Pushes Back Effective Date for Reporting for Debt Instruments and Options]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60971.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department have decided to delay the proposed effective date for cost basis reporting by brokers for debt instruments and options. Notice 2012-34 (PDF), released May 2, responds to...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 04 May 2012 14:20:25 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60969.aspx]]></guid>
			<title><![CDATA[Private Equity Firms Call for FATCA Flexibility]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60969.aspx]]></link>
			<description><![CDATA[The Private Equity Growth Capital Council (PEGCC), which represents private equity firms, is asking the U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department to streamline the process for following the requirements of the Foreign...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 03 May 2012 14:08:55 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60967.aspx]]></guid>
			<title><![CDATA[Virginia Wins Site Selection’s 2011 Competitiveness Award]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60967.aspx]]></link>
			<description><![CDATA[Site Selection magazine has named Virginia the winner of its 2011 Competitiveness Award for excellence in economic development success. The award was given based on points earned in a 10-factor index based largely on Site Selection publisher...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 02 May 2012 13:37:12 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60964.aspx]]></guid>
			<title><![CDATA[USDA Farm Service Agency Sends Notices to Apparent AGI Violators; CAMICO Offers Advice]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60964.aspx]]></link>
			<description><![CDATA[Last month, the U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) sent letters to certain individuals and entities that appear to have exceeded applicable adjusted gross income (AGI) limits for participating in certain farm subsidy...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 01 May 2012 20:11:16 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60962.aspx]]></guid>
			<title><![CDATA[COSO Postpones Updates to Internal Control Framework]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60962.aspx]]></link>
			<description><![CDATA[The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has pushed back the anticipated release date of the next updates to its Internal Control &mdash; Integrated Framework (Framework), from fall 2012 to the first quarter of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 01 May 2012 15:05:21 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60960.aspx]]></guid>
			<title><![CDATA[Thomas Jefferson Institute Recommends Sales Tax on Services ]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60960.aspx]]></link>
			<description><![CDATA[The Thomas Jefferson Institute for Public Policy (TJIPP), a government policy think tank based in Springfield, released a study last week on restructuring the Commonwealth&rsquo;s tax system. TJIPP released its report, &ldquo;Tax Restructuring in...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 30 Apr 2012 13:19:26 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60957.aspx]]></guid>
			<title><![CDATA[House Unanimously Approves DATA Act]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60957.aspx]]></link>
			<description><![CDATA[The U.S. House of Representatives unanimously approved the Digital Accountability and Transparency (DATA) Act in a voice vote on April 25. The bill builds upon two earlier systems, the Recovery Operations Center and USASpending.gov , to create a...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 27 Apr 2012 15:35:16 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60955.aspx]]></guid>
			<title><![CDATA[IRS Proposes Methods to Determine ‘Minimum Value’ of Health Coverage]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60955.aspx]]></link>
			<description><![CDATA[On Thursday, the U.S. Internal Revenue Service (IRS) issued three notices related to the Patient Protection and Affordable Care Act, including ways to determine whether a health insurance plan provides &ldquo;minimum value.&rdquo; A plan fails to...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 26 Apr 2012 15:10:39 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60952.aspx]]></guid>
			<title><![CDATA[Thomas Jefferson, Western Albemarle High Schools Win Inaugural Governor’s Challenge in Economics and Personal Finance]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60952.aspx]]></link>
			<description><![CDATA[On Wednesday, Virginia Gov. Bob McDonnell announced the winners of the inaugural Governor&rsquo;s Challenge in Economics and Personal Finance , which promotes the newly-implemented economics and personal finance graduation requirement. Teams from...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 26 Apr 2012 15:36:11 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60953.aspx]]></guid>
			<title><![CDATA[Senate Finance Committee Holds Hearing on Potential State and Local Impact of Tax Reform]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60953.aspx]]></link>
			<description><![CDATA[The U.S. Senate Finance Committee held a hearing Monday on the impact of potential tax reforms on state and local tax and fiscal policy. &ldquo;We need to make sure our federal, state and local tax systems are working together,&rdquo; said Sen....]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 25 Apr 2012 19:55:12 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60950.aspx]]></guid>
			<title><![CDATA[IRS Proposes Regulations on Deducting Local Lodging Expenses]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60950.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has issued proposed regulations regarding the deductibility of local lodging expenses. On Wednesday, the agency released REG-137589-07 (PDF), which states that Sec. 1.262-1 of the Income Tax Regulations...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 25 Apr 2012 15:26:10 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60949.aspx]]></guid>
			<title><![CDATA[Former FASB, IASB Chairs Push SEC for IFRS Commitment]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60949.aspx]]></link>
			<description><![CDATA[Robert Herz, former chairman of the Financial Accounting Standards Board (FASB), and Sir David Tweedie, former chairman of the International Accounting Standards Board (IASB), said that the U.S. Securities Exchange Commission (SEC) must make a...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 24 Apr 2012 17:50:48 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60948.aspx]]></guid>
			<title><![CDATA[IRS Warns Nonprofit Organizations Not to Disclose Social Security Numbers]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60948.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) issued a reminder last week that tax-exempt organizations should not include Social Security numbers (SSN) on publicly disclosed forms. In an email sent April 19, the IRS noted: &ldquo;By law, with limited...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 24 Apr 2012 13:41:33 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60943.aspx]]></guid>
			<title><![CDATA[Business Groups Urge PCAOB to Drop Mandatory Auditor Rotation]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60943.aspx]]></link>
			<description><![CDATA[Several business organizations have asked the Public Company Accounting Oversight Board (PCAOB) to drop its consideration of mandatory audit firm rotation. In a joint letter sent to the PCAOB on April 19, the group said that the board &ldquo;has...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 23 Apr 2012 16:25:48 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60941.aspx]]></guid>
			<title><![CDATA[IRS Alerts Tax Preparers About Release of Information Under FOIA]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60941.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) sent an email to tax professionals April 20 informing them of the agency&rsquo;s obligation to release certain information about Preparer Tax Identification Number (PTIN) holders under the Freedom of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 20 Apr 2012 15:25:17 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60938.aspx]]></guid>
			<title><![CDATA[Congress Pressures IRS to Cut Identity Theft, Close Tax Gap]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60938.aspx]]></link>
			<description><![CDATA[On Thursday, Congress questioned U.S. Internal Revenue Service (IRS) and U.S. Treasury Department officials over how well the IRS is responding to taxpayer identity theft issues and the growing tax gap. At a hearing of the U.S. House Oversight...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 19 Apr 2012 17:42:37 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60936.aspx]]></guid>
			<title><![CDATA[IRS Issues FATCA Regulations, Guidance on Reporting Interest Paid to Nonresident Aliens]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60936.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has released TD 9584 (PDF), containing final regulations and guidance on reporting interest paid to nonresident aliens. The agency also released a revenue procedure listing the countries with which the...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 30 Apr 2012 19:52:47 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60937.aspx]]></guid>
			<title><![CDATA[New Designation Recognizes CPA-Qualified Management Accountants]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60937.aspx]]></link>
			<description><![CDATA[Never has the need been greater for professionals who can bridge finance and strategy to drive critical business decisions. There&rsquo;s a new designation to recognize those with a CPA foundation and business experience who can meet this need...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 18 Apr 2012 13:07:22 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60934.aspx]]></guid>
			<title><![CDATA['Buffett Rule' Blocked in Senate]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60934.aspx]]></link>
			<description><![CDATA[Senate Republicans blocked the so-called &ldquo;Buffett Rule,&rdquo; which would impose a minimum tax on millionaires, this week. The Paying a Fair Share Act of 2012 got 51 &ldquo;yea&rdquo; votes and 45 &ldquo;nay&rdquo; votes, but needed a...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 18 Apr 2012 13:25:07 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60935.aspx]]></guid>
			<title><![CDATA[VBOA Executive Director Jewell Discusses Changes to Licensure Fees]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60935.aspx]]></link>
			<description><![CDATA[The Virginia Board of Accountancy (VBOA) is in the process of updating its CPA licensure fees.  
The VSCPA spoke with VBOA Executive Director Wade Jewell to shine some light on the potential changes from the Board’s perspective.]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 17 Apr 2012 13:45:51 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60929.aspx]]></guid>
			<title><![CDATA[FASB Will Issue Proposals on Emerging Issues]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60929.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB) decided last week to issue three proposed Accounting Standards Updates (ASU) based on reports from its Emerging Issues Task Force (EITF). The updates deal with the following issues: Sales of donated...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 16 Apr 2012 18:21:32 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60925.aspx]]></guid>
			<title><![CDATA[Standard-Setters Release Report on Risk Management for Financial Markets]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60925.aspx]]></link>
			<description><![CDATA[Two international standard-setters have released a final report (PDF) on the principles for financial market infrastructures (FMI) intended to strengthen risk management and related standards for financial markets. The report, released Monday,...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 16 Apr 2012 18:24:42 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60927.aspx]]></guid>
			<title><![CDATA[SEC Seeks Public Comment Prior to JOBS Act Rulemaking]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60927.aspx]]></link>
			<description><![CDATA[On Wednesday, the U.S. Securities and Exchange Commission (SEC) announced it would begin accepting comments from the public as it begins to make rules required under the Jumpstart Our Business Startups (JOBS) Act, signed into law  April 5  by...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 13 Apr 2012 14:36:04 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60923.aspx]]></guid>
			<title><![CDATA[FASB Will Not Require Qualitative Going-Concern Disclosures]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60923.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB) decided Wednesday that it will not require qualitative disclosures about an entity&rsquo;s ability to remain a going concern to supplement proposed quantitative disclosures about liquidity risks....]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 13 Apr 2012 13:56:33 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60922.aspx]]></guid>
			<title><![CDATA[Virginia Takes No. 3 Spot in ‘Rich States, Poor States’ Study]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60922.aspx]]></link>
			<description><![CDATA[Virginia&rsquo;s economic outlook was ranked third in the country in a report released Thursday by the American Legislative Exchange Council (ALEC). In the fifth edition of &ldquo;Rich States, Poor States: ALEC-Laffer State Economic...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 12 Apr 2012 16:41:32 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60921.aspx]]></guid>
			<title><![CDATA[IRS Oversight Board Urges Congress to Restore Budget]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60921.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) Oversight Board is urging Congress to restore the agency&rsquo;s budget after recent cuts to improve enforcement and service. In its most recent report, the board called for a fiscal year 2013 IRS budget of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 12 Apr 2012 14:04:31 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60918.aspx]]></guid>
			<title><![CDATA[McDonnell’s Budget Amendments Include Recommended Port-Related Economic Development Zone]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60918.aspx]]></link>
			<description><![CDATA[Among 130 budget amendments sent to the Virginia General Assembly, Gov. Bob McDonnell is recommending the creation of an economic development zone to promote industrial investment in Virginia&rsquo;s port communities. The Port of Virginia...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 16 Apr 2012 20:04:35 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60915.aspx]]></guid>
			<title><![CDATA[McDonnell Approves VRS Changes]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60915.aspx]]></link>
			<description><![CDATA[Gov. Bob McDonnell has signed into law HB 1130, which makes sweeping changes to the Virginia Retirement System (VRS) and proposed several technical amendments to counterpart bills SB 497 and SB 498. (Photo by Michaele White, Governor's Office)]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 10 Apr 2012 16:44:15 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60913.aspx]]></guid>
			<title><![CDATA[Shulman: Congressional Inaction Could Lead to ‘Real Disaster’]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60913.aspx]]></link>
			<description><![CDATA[U.S. Internal Revenue Service (IRS) Commissioner Doug Shulman warned last week of &ldquo;a real disaster&rdquo; for taxpayers if Congress misses a Dec. 31 deadline to decide on tax provisions. Lawmakers are expected to wait until after Election...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 30 Apr 2012 19:56:04 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60911.aspx]]></guid>
			<title><![CDATA[Shulman Confident Tax Preparer Registration Will Survive Challenge]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60911.aspx]]></link>
			<description><![CDATA[U.S. Internal Revenue Service (IRS) Commissioner Doug Shulman said he was confident that his agency&rsquo;s efforts to increase regulation of tax preparers will be found legal despite a recent lawsuit. &ldquo;I'm very confident not only is...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Fri, 06 Apr 2012 15:30:41 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60906.aspx]]></guid>
			<title><![CDATA[Obama Signs JOBS Act Into Law]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60906.aspx]]></link>
			<description><![CDATA[On Thursday, President Barack Obama signed the Jumpstart Our Business Startups Act (JOBS) into law. The bill is intended to spur investment in small businesses by lowering the regulatory and auditing barriers for companies to seek funding and...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 30 Apr 2012 19:55:29 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60904.aspx]]></guid>
			<title><![CDATA[IRS Considering Virtual Face-to-Face Audits]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60904.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service&rsquo;s (IRS) Taxpayer Advocate Service (TAS) will pilot test a way for taxpayers to have face-to-face teleconferences with case workers to help them deal with their tax problems. The program may expand to audits...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 04 Apr 2012 16:32:26 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60902.aspx]]></guid>
			<title><![CDATA[IPSASB Releases Exposure Draft on Statement Discussion and Analysis]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60902.aspx]]></link>
			<description><![CDATA[The International Public Sector Accounting Standards Board (IPSASB) has released Exposure Draft 47, Financial Statement Discussion and Analysis (PDF). The draft proposes minimum required content for statements and that the qualitative...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 03 Apr 2012 18:51:36 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60900.aspx]]></guid>
			<title><![CDATA[IRS Seeks Nominations for Several IRPAC Spots]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60900.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) is seeking nominations for its Information Reporting Program Advisory Committee (IRPAC), a federal advisory group that provides recommendations to the agency on information reporting issues affecting the...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 03 Apr 2012 17:46:45 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60898.aspx]]></guid>
			<title><![CDATA[GASB Issues New Statements on Government Accounting]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60898.aspx]]></link>
			<description><![CDATA[The Governmental Accounting Standards Board (GASB) has issued two new accounting statements, one dealing with items previously reported as assets and liabilities and one correcting conflicting previously-issued guidance. Statement No. 65, Items...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 02 Apr 2012 14:51:35 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60896.aspx]]></guid>
			<title><![CDATA[FASB Makes Progress on Framework for Financial Statement Disclosures]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60896.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB) is moving forward on its disclosure framework project, which aims to establish an overarching framework to help establish requirements for disclosures in notes to financial statements. The...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 30 Mar 2012 17:18:40 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60894.aspx]]></guid>
			<title><![CDATA[House Passes Republican Budget With Consolidated Tax Brackets]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60894.aspx]]></link>
			<description><![CDATA[The U.S. House has passed a Republican-sponsored budget plan that would reduce the number of tax brackets to two &mdash; 10 percent and 25 percent. The plan is based on a plan set forth by Rep. Paul Ryan (R-Wisc.) in last year&rsquo;s &ldquo;The...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 30 Mar 2012 14:27:07 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60893.aspx]]></guid>
			<title><![CDATA[IRS Makes Organizational Changes to Corporate Tax Agreement Programs]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60893.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has made several organizational and administrative changes to the programs governing agreements between large businesses and the agency about how tax transactions can be reported. The IRS said Tuesday that...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 23 Apr 2012 20:38:41 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60887.aspx]]></guid>
			<title><![CDATA[Lawmakers Criticize PCAOB’s Proposed Audit Firm Rotation]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60887.aspx]]></link>
			<description><![CDATA[The U.S. House Capital Markets and Government Sponsored Enterprises Subcommittee held hearings Wednesday in which Congressmen questioned the Public Company Accounting Oversight Board&rsquo;s (PCAOB) recent proposal of mandatory audit firm...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 28 Mar 2012 17:08:42 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60884.aspx]]></guid>
			<title><![CDATA[PCAOB Plans to Propose Changes to Auditor’s Report in Third Quarter]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60884.aspx]]></link>
			<description><![CDATA[The Public Company Accounting Oversight Board (PCAOB) will release its proposed changes to the auditor&rsquo;s reporting model for public comment in the third quarter of 2012, according to the agenda it released Monday. PCAOB Chairman James Doty...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 06 Apr 2012 15:05:19 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60885.aspx]]></guid>
			<title><![CDATA[JOBS Act Passes Congress, Heads to Obama’s Desk]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60885.aspx]]></link>
			<description><![CDATA[On Tuesday, both houses of Congress passed the Jumpstart Our Business Startups (JOBS) Act, designed to spur investment in small businesses. The bill passed with bipartisan support, including backing from the White House. It passed the House on...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 27 Mar 2012 14:57:19 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60876.aspx]]></guid>
			<title><![CDATA[IRS: Partnership Interest Reporting Optional for Tax Year 2011]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60876.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) sent an email to tax professionals Monday that stated that reporting partnership interests using Form 1065, Schedule K-1 would be optional for tax year 2011. The IRS said that use of the 2011 Form 990,...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 26 Mar 2012 15:54:46 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60874.aspx]]></guid>
			<title><![CDATA[IRS Considers Sharing Tax Information With Police in Anti-Fraud Program]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60874.aspx]]></link>
			<description><![CDATA[A U.S. Internal Revenue Service (IRS) official said in a Congressional hearing that a surge in tax refund fraud and identity theft has prompted the agency to consider sharing more tax information with police. The IRS normally closely guards tax...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 29 Mar 2012 14:29:08 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60873.aspx]]></guid>
			<title><![CDATA[VIDEO: McDonnell Signs Tax Return Confidentiality Bill Into Law]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60873.aspx]]></link>
			<description><![CDATA[On March 23, Gov. Bob McDonnell signed HB 275 into law, closing a loophole in the Virginia Freedom of Information Act that allows private citizens to request certain records that may contain taxpayers' personal and private financial information.]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 02 Apr 2012 17:37:24 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60872.aspx]]></guid>
			<title><![CDATA[FASB Will Revise Standards for Repurchase Agreements]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60872.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB) has added an item to its agenda to revise the accounting standards for repurchase, or repo, agreements. In 2011, FASB revised its standards for repurchase agreements in response to the use of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 22 Mar 2012 13:13:04 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60869.aspx]]></guid>
			<title><![CDATA[Ryan Budget Includes Tax Bracket Consolidation]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60869.aspx]]></link>
			<description><![CDATA[U.S. House Budget Committee Chairman Paul Ryan (R-Wisc.) has introduced an alternative to the Obama administration&rsquo;s fiscal year 2013 budget that includes a proposal to consolidate the current six individual income tax brackets into two...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 21 Mar 2012 20:32:38 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60867.aspx]]></guid>
			<title><![CDATA[COSO Releases Thought Paper on Board Oversight]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60867.aspx]]></link>
			<description><![CDATA[The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released a new thought paper, Enhancing Board Oversight: Avoiding Judgment Traps and Biases (PDF). The paper is the latest in a series of guidance from COSO on issues...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 21 Mar 2012 12:31:42 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60864.aspx]]></guid>
			<title><![CDATA[FASB Won’t Overhaul Income Tax Uncertainty Standard]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60864.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB), in response to one of the Financial Accounting Foundation&rsquo;s (FAF) first post-implementation reviews, has decided against undertaking a new project to revise a controversial standard regarding...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 20 Mar 2012 16:50:11 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60862.aspx]]></guid>
			<title><![CDATA[IRS Proposes Regulations on Updates of Employer Information]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60862.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) proposed regulations last week that would require taxpayers with Employer Identification Numbers (EIN) to provide updated information to the agency. The IRS released REG-135491-10 (PDF) on March 13,...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 20 Mar 2012 14:54:16 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60860.aspx]]></guid>
			<title><![CDATA[IAASB Revises Compilation Engagement Standards for SMEs]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60860.aspx]]></link>
			<description><![CDATA[The International Auditing and Assurance Standards Board (IAASB) released a revised standard last week for compilation engagements targeted at small and midsized entities (SME). International Standard on Related Services (ISRS) 4410 (Revised),...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 19 Mar 2012 15:53:34 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60854.aspx]]></guid>
			<title><![CDATA[Virginia Tax Department Releases Final Guidelines on Port Income Tax Credits]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60854.aspx]]></link>
			<description><![CDATA[The Virginia Department of Taxation (TAX) has published final guidelines (PDF) on carrying out the provisions of the port income tax credits passed during the 2011 General Assembly session. The guidelines cover the computation and carryover of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 16 Mar 2012 18:28:37 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60851.aspx]]></guid>
			<title><![CDATA[GASB Proposes New Reporting Standards on Government Combinations and Disposals]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60851.aspx]]></link>
			<description><![CDATA[The Government Accounting Standards Board (GASB) has proposed new financial reporting standards for state and local government entities to improve accounting for government combinations and disposals such as mergers, acquisitions and transfers of...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 26 Mar 2012 20:12:37 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60845.aspx]]></guid>
			<title><![CDATA[OMB Seeks Comment on Potential Reforms to Grants Policy, Single Audit]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60845.aspx]]></link>
			<description><![CDATA[The U.S. Office of Management and Budget (OMB) has issued an advance notice of proposed guidance (PDF) that details potential changes to federal grants management. OMB is currently seeking comments on the ideas and suggestions included in the...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 15 Mar 2012 13:35:49 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60844.aspx]]></guid>
			<title><![CDATA[National Taxpayer Advocate Raises Questions About Effectiveness of IRS Correspondence Exams]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60844.aspx]]></link>
			<description><![CDATA[Nina Olson, the U.S. Internal Revenue Service&rsquo;s (IRS) National Taxpayer Advocate raised concerns this week about the effectiveness of the agency&rsquo;s reliance on correspondence exams instead of face-to-face audits. Between fiscal years...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 14 Mar 2012 18:05:49 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60842.aspx]]></guid>
			<title><![CDATA[Virginia Posts 17.2 Percent Revenue Growth in February]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60842.aspx]]></link>
			<description><![CDATA[Virginia Gov. Bob McDonnell announced Wednesday that February revenue collections rose 17.2 percent over the totals from February 2011. On a year-to-date basis, total revenue collections have risen 5 percent and state revenues, adjusted for the...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 14 Mar 2012 15:37:04 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60841.aspx]]></guid>
			<title><![CDATA[Senate Passes One Tax Amendment to Transportation Bill, Defeats Another]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60841.aspx]]></link>
			<description><![CDATA[The U.S. Senate approved by unanimous consent a provision to its surface transportation bill that would revoke the passports of people with seriously delinquent tax debts, but rejected an amendment that would have extended expired tax credits in...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 19 Mar 2012 14:59:07 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60835.aspx]]></guid>
			<title><![CDATA[Tax Preparers Will Sue IRS Over Registration Requirements]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60835.aspx]]></link>
			<description><![CDATA[Three tax preparers are challenging the U.S. Internal Revenue Service&rsquo;s (IRS) registered tax return preparer registration program, claiming the regulations could force them out of the tax preparation business or into a substantial fee hike....]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 12 Mar 2012 14:52:07 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60833.aspx]]></guid>
			<title><![CDATA[IRS Issues Transition Rules For Tangible-Property Repair Regulations]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60833.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has issued transition rules for its tangible-property repair regulations. The new rules, set forth in two revenue procedures, provide guidance on how to change accounting methods to the temporary proposed...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 09 Mar 2012 20:19:06 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60831.aspx]]></guid>
			<title><![CDATA[Senate Adopts Amendment to Fight Foreign Tax Havens]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60831.aspx]]></link>
			<description><![CDATA[On Thursday, the U.S. Senate adopted an amendment to a larger surface transportation bill aimed at cracking down on foreign tax havens. The amendment, introduced by Sens. Kent Conrad (D-N.D.), Carl Levin (D-Mich.) and Sheldon Whitehouse (D-R.I.),...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 09 Mar 2012 14:41:54 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60829.aspx]]></guid>
			<title><![CDATA[PCAOB Releases Details on Audit Firm Rotation Meetings, Reopens Comment Period]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60829.aspx]]></link>
			<description><![CDATA[The Public Company Accounting Oversight Board (PCAOB) released details Wednesday on its planned meetings to discuss its proposal to require mandatory rotation of audit firms. The board is also reopening the comment period on its concept release...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 09 Mar 2012 18:14:45 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60828.aspx]]></guid>
			<title><![CDATA[FASB Will Re-Examine Definition of ‘Nonpublic Entity’]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60828.aspx]]></link>
			<description><![CDATA[As part of its effort to reach out to private company constituents, the Financial Accounting Standards Board (FASB) has added a project to its agenda on the definition of a &ldquo;nonpublic entity.&rdquo; FASB has expanded its efforts to better...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 07 Mar 2012 14:17:40 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60823.aspx]]></guid>
			<title><![CDATA[Swiss Lawmakers Pass Tax Proposal on U.S. Probe]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60823.aspx]]></link>
			<description><![CDATA[According to Reuters, Swiss lawmakers have passed a tax proposal that clarifies how Switzerland would hand over data on Americans suspected of dodging U.S. taxes. The proposal is viewed as important to settling U.S. probes into 11 Swiss banks....]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 06 Mar 2012 15:50:26 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60822.aspx]]></guid>
			<title><![CDATA[IRS Releases 2012 Automobile Depreciation Limits]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60822.aspx]]></link>
			<description><![CDATA[On March 2, the U.S. Internal Revenue Service (IRS) released Revenue Procedure 2012-13 (PDF), which details the 2012 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles. For passenger...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 05 Mar 2012 19:49:18 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60819.aspx]]></guid>
			<title><![CDATA[Virginia Ranked Highly on Tax Friendliness for Mature Businesses]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60819.aspx]]></link>
			<description><![CDATA[According to a new study on business tax rates, Virginia is among the best states for mature businesses, but is less friendly to newly-established operations. &ldquo;Location Matters: A Comparative Analysis of State Tax Costs on Business,&rdquo;...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Mon, 05 Mar 2012 15:03:14 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60815.aspx]]></guid>
			<title><![CDATA[IESBA Proposes New Definition of ‘Engagement Team’]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60815.aspx]]></link>
			<description><![CDATA[The International Ethics Standards Board for Accountants (IESBA) has proposed for public comment changes (PDF) to the definition of the phrase &ldquo;engagement team&rdquo; in its Code of Ethics for Professional Accountants (Code). The proposed...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Fri, 02 Mar 2012 17:31:14 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60814.aspx]]></guid>
			<title><![CDATA[FASB, IASB Disagree on Leasing Standard]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60814.aspx]]></link>
			<description><![CDATA[The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) voted for differing approaches on a key part of their joint leasing standards project. The boards&rsquo; differences involved income statement...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Thu, 01 Mar 2012 13:54:55 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60810.aspx]]></guid>
			<title><![CDATA[FinCEN Will Allow Some Exemptions and Extensions to E-File Requirements]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60810.aspx]]></link>
			<description><![CDATA[The U.S. Financial Crimes Enforcement Network (FinCEN) will allow some extensions and exemptions to its new requirements that all FinCEN reports be filed electronically as of July 1. The agency also delayed its requirement for mandatory...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Wed, 29 Feb 2012 18:10:00 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60808.aspx]]></guid>
			<title><![CDATA[SEC Proposes Rules to Combat Identity Theft]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60808.aspx]]></link>
			<description><![CDATA[The U.S. Securities and Exchange Commission (SEC) has proposed new rules intended to safeguard investors from identity theft by requiring broker-dealers, mutual funds and other SEC-regulated entities develop programs to detect and respond to...]]></description>
			<category>VSCPA Professional News</category>
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			<pubDate>Tue, 06 Mar 2012 16:34:33 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60806.aspx]]></guid>
			<title><![CDATA[PCAOB Proposes Standards on Related-Party Audits, Significant Unusual Transactions, Broker-Dealer Audits]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60806.aspx]]></link>
			<description><![CDATA[The Public Company Accounting Oversight Board (PCAOB) voted Tuesday to issue for public comment a proposed auditing standard on related-party transactions. The board also voted to amend standards on significant unusual transactions and auditors...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Tue, 28 Feb 2012 15:32:14 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60805.aspx]]></guid>
			<title><![CDATA[IRS Will Restrict Return Drop-Offs at Taxpayer Assistance Centers]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60805.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) is discouraging tax preparers and other taxpayer representatives from dropping off completed tax returns at the agency&rsquo;s Taxpayer Assistance Centers (TAC), encouraging them instead to file returns...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Mon, 27 Feb 2012 20:14:03 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60803.aspx]]></guid>
			<title><![CDATA[SEC Chairman: United States Won’t Rush to Adopt Global Standard]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60803.aspx]]></link>
			<description><![CDATA[Mary Schapiro, chairman of the U.S. Securities and Exchange Commission (SEC), said Feb. 24 that the United States won&rsquo;t rush into a possible move toward a global accounting standard. &ldquo;I don&rsquo;t feel any pressure at all to go along...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Mon, 27 Feb 2012 15:22:38 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60802.aspx]]></guid>
			<title><![CDATA[PCAOB Will Consider Proposing Standard on Auditing Related-Party Transactions]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60802.aspx]]></link>
			<description><![CDATA[The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting Tuesday to consider proposing an auditing standard on related parties and to discuss amendments to other auditing standards in order to address significant unusual...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Sat, 03 Mar 2012 15:47:29 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60797.aspx]]></guid>
			<title><![CDATA[Tax Return Confidentiality Bill on McDonnell's Desk]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60797.aspx]]></link>
			<description><![CDATA[The Virginia Senate passed HB 275 on Feb. 23, sending the bill to Gov. Bob McDonnell's desk for his signature.]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Thu, 23 Feb 2012 16:01:20 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60794.aspx]]></guid>
			<title><![CDATA[Obama Signs Payroll Tax Cut Extension Into Law]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60794.aspx]]></link>
			<description><![CDATA[On Wednesday, President Barack Obama signed into law a bill that extends the payroll tax cut, unemployment benefits and the so-called &ldquo;doc fix&rdquo; through the end of the year. The payroll tax cut was in effect in 2011 and cut Social...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Thu, 23 Feb 2012 14:50:35 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60793.aspx]]></guid>
			<title><![CDATA[Virginia Legislators Strike Deal to Collect Online Sales Tax]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60793.aspx]]></link>
			<description><![CDATA[On Wednesday, Virginia Gov. Bob McDonnell announced that his office and several members of the General Assembly have reached an agreement with Amazon and other retailers on SB 597 , which requires certain online retailers to collect sales and use...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Wed, 22 Feb 2012 20:58:18 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60792.aspx]]></guid>
			<title><![CDATA[IRS Finalizes Whistleblower Rules]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60792.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has released TD 9580, &ldquo;Rewards and Awards for Information Relating to Violations of Internal Revenue Laws: Final Regulations,&rdquo; which finalizes regulations for paying rewards to whistleblowers...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Wed, 22 Feb 2012 17:10:15 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60791.aspx]]></guid>
			<title><![CDATA[Virginia Data Now Included in CPAVerify.org Database]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60791.aspx]]></link>
			<description><![CDATA[The Virginia Board of Accountancy (VBOA) said Wednesday that Virginia license data is now part of CPAVerify.org , a central database of state CPA licensee information. CPAVerify.org is run by the National Association of State Boards of...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Wed, 22 Feb 2012 16:40:42 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60790.aspx]]></guid>
			<title><![CDATA[Kroeker ‘Optimistic’ on IFRS Framework, but Changes Convergence Terminology]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60790.aspx]]></link>
			<description><![CDATA[U.S. Securities and Exchange Commission (SEC) Chief Accountant James Kroeker expressed optimism Monday on finding a framework for the United States to use global accounting rules in order to allow investors to compare companies across borders....]]></description>
			<category>VSCPA Professional News</category>
            @v2
		</item>
		<item>
			<pubDate>Tue, 21 Feb 2012 17:45:28 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60788.aspx]]></guid>
			<title><![CDATA[Survey: Virginia Budget Cuts Could Lead to Local Tax Increases]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60788.aspx]]></link>
			<description><![CDATA[Surveys of Virginia city and county officials indicate that state budget cuts could lead to tax increases on the local level. Last week, the Virginia Association of School Superintendents (VASS) surveyed local school divisions across the state...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Fri, 24 Feb 2012 16:36:45 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60787.aspx]]></guid>
			<title><![CDATA[IRS Experiences Issues With Delayed Tax Refunds]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60787.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has experienced problems with later-than-expected tax refunds. The IRS had warned that taxpayers who had filed prior to Jan. 26 might encounter delays of a week beyond the projected date they would receive...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Fri, 17 Feb 2012 21:15:13 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60779.aspx]]></guid>
			<title><![CDATA[IRS Extends Estate Tax Portability Election Deadline]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60779.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has extended the deadline to file estate tax returns and make a portability election to benefit surviving spouses of married individuals who died in the first half of 2011. The portability election allows...]]></description>
			<category>VSCPA Professional News</category>
            @v2
		</item>
		<item>
			<pubDate>Fri, 17 Feb 2012 18:22:00 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60778.aspx]]></guid>
			<title><![CDATA[FAF Plans Post-Implementation Reviews of Other Standards]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60778.aspx]]></link>
			<description><![CDATA[The Financial Accounting Foundation plans to conduct post-implementation reviews of several business and government accounting standards to see how well they have worked in practice. In January, the FAF issued its first post-implementation review...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Fri, 17 Feb 2012 20:06:59 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60776.aspx]]></guid>
			<title><![CDATA[Congress Passes Payroll Tax Cut]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60776.aspx]]></link>
			<description><![CDATA[On Thursday, lawmakers negotiating the payroll tax cut extension announced they had reached a deal to extend the 2 percent cut in Social Security and Medicare withholding taxes through the end of 2012. The deal also extends unemployment benefits...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Thu, 23 Feb 2012 18:51:28 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60777.aspx]]></guid>
			<title><![CDATA[AICPA Warns of Fraudulent Emails Using AICPA Banner]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60777.aspx]]></link>
			<description><![CDATA[On Feb. 16, the American Institute of CPAs (AICPA) called attention to recent fraudulent emails sent using an AICPA banner. The AICPA called the emails "a typical 'phishing' email scam."]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Wed, 15 Feb 2012 17:43:44 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60775.aspx]]></guid>
			<title><![CDATA[IRS Proposes PTIN Regulations for Supervised Nonsigning Preparers]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60775.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) has issued regulations on the availability of preparer tax identification numbers (PTIN) for supervised nonsigning preparers and preparers of forms other than Form 1040, as well as what tax forms are...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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			<pubDate>Wed, 15 Feb 2012 15:26:37 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60774.aspx]]></guid>
			<title><![CDATA[Legislation Introduced in House to Eliminate Carried-Interest Tax Break]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60774.aspx]]></link>
			<description><![CDATA[Rep. Sander Levin (D-Mich.) introduced a bill Tuesday to tax carried interest at the same tax rates as ordinary income. Levin, the ranking Democrat on the House Ways and Means Committee , has introduced similar legislation several times. He said...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Tue, 14 Feb 2012 17:01:43 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60773.aspx]]></guid>
			<title><![CDATA[Obama Administration Ups Budget Request for IRS]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60773.aspx]]></link>
			<description><![CDATA[President Barack Obama&rsquo;s administration has increased its budget request for the U.S. Internal Revenue Service (IRS) for fiscal year 2013 to approximately $12.8 billion in an effort to offset recent budget cuts . The request, part of...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Tue, 21 Feb 2012 17:30:56 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60768.aspx]]></guid>
			<title><![CDATA[Obama’s Fiscal 2013 Budget Includes Proposed Tax Reforms]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60768.aspx]]></link>
			<description><![CDATA[President Barack Obama called for tax reform measures in his fiscal year 2013 budget, released Monday at Northern Virginia Community College in Annandale. The budget builds on many of the proposals from last year&rsquo;s proposed American Jobs...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Fri, 17 Feb 2012 16:48:21 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60767.aspx]]></guid>
			<title><![CDATA[NASBA Announces Up to $25,000 in Accounting Research Grants]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60767.aspx]]></link>
			<description><![CDATA[The National Association of State Boards of Accountancy (NASBA) is awarding $25,000 in grants to academicians and post-doctoral researchers to research accounting-related issues. ]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Mon, 13 Feb 2012 15:41:54 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60764.aspx]]></guid>
			<title><![CDATA[IRS Won’t Require Reconciliation of 1099-K Reports on Card Payments with Gross Receipts]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60764.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) said Feb. 9 that it will not require businesses to reconcile their gross receipts with the merchant card transactions reported on the new Form 1099-K. In a letter (PDF) to Susan Eckerly, senior vice...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Wed, 08 Feb 2012 19:24:51 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60763.aspx]]></guid>
			<title><![CDATA[Congressmen Introduce Bill to Limit Form 1099-K ‘Overreach’]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60763.aspx]]></link>
			<description><![CDATA[Reps. Bobby Schilling (R-Ill.) and Aaron Schock (R-Ill.) have introduced a bill to prohibit the U.S. Internal Revenue Service (IRS) from implementing a new tax-reporting requirement for small businesses to reconcile their Form 1099-K (PDF)...]]></description>
			<category>VSCPA Professional News</category>
            @v2
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		<item>
			<pubDate>Wed, 08 Feb 2012 19:03:31 GMT</pubDate>
			<guid><![CDATA[http://www.vscpa.com/Content/60761.aspx]]></guid>
			<title><![CDATA[IRS, Treasury Department Propose New FATCA Rules]]></title>
			<link><![CDATA[http://www.vscpa.com/Content/60761.aspx]]></link>
			<description><![CDATA[The U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department have released proposed regulations for implementing the Foreign Account Tax Compliance Act (FATCA). FATCA, which was included in the Hiring Incentives to Restore Employment...]]></description>
			<category>VSCPA Professional News</category>
            @v2
		</item>
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