VSCPA member,

My E-newsletter Looks Different! What's Up?
The VSCPA is undergoing a full-scale rebranding project, which means VSCPA materials and communications will look different. While VSCPA publications and communications will be enhanced and updated, they will still offer the same quality news and information you rely on.

Virginia Tax Conformity: Current Status
It's been a long road for tax conformity this year, and it's not quite over. While all three conformity bills died during the 2010 General Assembly session, the 2010–2012 state budget, which is still awaiting Gov. Bob McDonnell's approval, was amended to include several changes to tax conformity. Read a blog post on CPACafe.com for details, or check out the Virginia Department of Taxation's recent bulletin on tax conformity.

Health Care Reform Act: What Virginia CPAs Need to Know
On March 23, President Barack Obama signed into law sweeping health care reform legislation, The Patient Protection and Affordable Care Act (HR 3590). To catch Virginia CPAs up to speed, the VSCPA is offering a live webinar, featuring Virginia Secretary of Health and Human Resources Bill Hazel and tax expert Art Auerbach, CPA. Plus, check out additional resources online at www.vscpa.com, including a recent CCH briefing (PDF) and an article breaking down the financing of the $938 billion bill.

IRS Provides Guidance on Identifying Numbers for Tax Return Preparers
On March 25, the Internal Revenue Service (IRS) issued proposed regulations allowing the IRS to require that tax return preparers use Preparer Tax Identification Numbers (PTINs) as the preparer’s identifying number on all tax returns and tax refund claims that they prepare. When final, these regulations will implement some of the recommendations in Publication 4832, Return Preparer Review.

April VSCPA CEO Update Podcast: Conformity and Session Wrap-Up
Through her monthly professional issues podcast series, VSCPA President & CEO Stephanie R. Peters, CAE, discusses top news affecting Virginia CPAs. This month, she covers a full recap of 2010 General Assembly session news, including the status of tax conformity, and much more.

Federal Taxation Podcast: Issue, Issue and Issue
The VSCPA's weekly federal taxation podcasts touch on the latest Internal Revenue Service (IRS) developments. This week, experts discuss XXXXXTK. Download the podcast here or check out past podcasts here.

GASB Proposes to Amend Financial Reporting Entity Requirements
The Governmental Accounting Standards Board (GASB) today issued an Exposure Draft (ED) of a proposed Statement, The Financial Reporting Entity, an amendment of GASB Statements No. 14 and No. 34. The proposed Statement is intended to improve guidance for including, presenting, and disclosing information about component units and equity interest transactions of a financial reporting entity.

Focus on the Future: Educational Foundation Awards Nearly $30,000 in Scholarships
The VSCPA Educational Foundation recently selected its college scholarship recipients for the 2010–2011 academic year. The VSCPA Educational Foundation is a 501(c)3 nonprofit organization to promoting business and accounting education, rewarding academic excellence and encouraging students to pursue promising careers.

“I Am the VSCPA” YouTube Video Contest: Stars Needed
Post a short video on the VSCPA's YouTube channel, and you could win one of two $500 gift cards! All you have to do is tell us what makes you unique, how you became a CPA (or, if more appropriate, why you want to become a CPA), what’s your passion in the profession and/or why you are a VSCPA member. Be creative! Details are available at www.vscpa.com/iam.

Growing Green: April Is Financial Literacy Month
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Welcome, New VSCPA Members!
We are pleased to welcome new members who joined in March 2010. As always, we would like to thank all members and their employers for the continued support of the CPA profession.