What is the deadline for paying annual dues?
The deadline for payment is May 31. Annual membership statements are sent on May 1.
What percentage of my dues is deductible?
Dues payments, contributions or gifts to the VSCPA are not deductible as charitable contributions for federal income tax purposes. However, they may be deductible as ordinary and necessary business expenses subject to restrictions imposed as a result of lobbying activities of this organization as defined by the Revenue Reconciliation Act of 1993. The VSCPA estimates that the nondeductible portion of your dues – that is allocated to lobbying – is 2%.
Are there any concessions for paying dues if I'm unemployed?
Yes, we offer an unemployed, part-time or leave of absence dues rate. Simply contact us at [email protected] or (800) 733-8272 to update your professional profile. When you begin working again, please let us know at (800) 733-8272.
Do I have options if I can't afford dues this year?
Yes, we have a flexible monthly payment option and a potential waiver that can be requested for members experiencing financial hardship. Please call us at (800) 733-8272 for details.
Do you offer a dues refund?
No, we do not offer refunds for dues payments.
Am I obligated to make the VSCPA PAC and VSCPA Educational Foundation contributions that appear on my dues statement?
No, contributions to the PAC and VSCPA Educational Foundation are entirely voluntary. We encourage you to contribute at a suggested amount (or more), but if you choose not to, you may deduct it from your total. Please note that contributions to the Educational Foundation, a 501(c)3 nonprofit, are tax deductible.
Do you offer firm or company memberships?
No, the VSCPA is an individual membership organization. While some companies pay the dues for their staff (and we offer firm/company billing), the membership belongs to the individual, not the company.
Is my VSCPA membership transferable to another person?
No, VSCPA membership is non-transferable and remains with the individual for the duration of the membership year.
Can I reinstate my lapsed membership?
Absolutely, we welcome you back. Former members applying for reinstatement must fill out a new membership application to qualify. You may select either associate or fellow membership when reinstating, and special dues promotions do not apply to reinstatements.