News & Updates

AprilCassada, CPA/CITP, CISA Director, Data Analysis Virginia Auditor of Public Accounts, Richmond   Gallup polls have continually shown the millennial generation to be the “job-hopping” generation, switching jobs every three years. Having started my career with the Virginia Auditor of Public Accounts (APA), and celebrating 13 years with them this past May, I am not a part of that statistic. My dad’s famous saying while I was growing up was, “Go to school. Get a Job. Make

By Chris Ekimoff, CPA, CFE, MAFF, CGMA Forensic & Litigation Consulting, Resolution Economics, LLC This article is a summary of discussion topics and a presentation at the 2016 AICPA EDGE Experience in Las Vegas. The word “leadership” has been a topic of study, argument, and changing definitions throughout American history. From the Founding Fathers to the robber barons, from inventors to academics to athletes and coaches, leadership can mean something different to everyone. Leadership is even

By Genevieve Hancock Senior Financial Reporting Analyst, Disney Parks and Resorts Each and every person has a laundry list of roles and responsibilities. At home, at work, and at school, there is always going to be something pulling on our attention. This brings me to the Jar Theory. Imagine a tall cylinder, filled with all different types and colors of liquids. The liquids create layers depending on weight. Life can sometimes be analogous to that jar full of liquid priorities that don’t quite mix,

ByCheryl Hyder, CPA Principal, Hyder Consulting, Fairfax This year my husband and I participated in a 160-mile bike ride to benefit the National Multiple Sclerosis Society over CPA Day of Service weekend. We typically participate in a “watershed clean-up” event around the same time as the annual Day of Service, but I’ve never connected the two because our mindset is there needn’t be a single day or week to give back to one’s community. So how did I decide to

NULL

Protecting Your Legacy You’ve built a good life for yourself and your loved ones, and you’re expecting to leave them financially secure when you’re gone. That’s an important goal, but some people don’t reach it because of simple oversights in their planning for the future. The Virginia Society of Certified Public Accountants (VSCPA) offers advice that will help you keep your legacy intact. Do Write a Will Only 44 percent of Americans have a will, according to a Gallup poll,

Reporting Gambling Income and Expenses Have dreams of hitting big with the lottery or raking in a jumbo jackpot at a local Bingo game? Well, if so, be sure to wake up to the reality that gambling winnings are fully taxable and must be reported as income on your tax return. The Virginia Society of Certified Public Accountants (VSCPA) reminds you that gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as fair market value of prizes such

Randy Shapiro, CPA, is in something of a unique position entering his term as chair of the VSCPA Educational Foundation. Shapiro has sat on all three VSCPA boards — the Society and Educational Foundation Boards of Directors and the VSCPA Political Action Committee (VSCPA PAC) Board of Trustees — but he’s never been a VSCPA chair until now. In addition to that wealth of board experience, Shapiro is also well-versed in raising money for the Foundation. He’s managing principal at Falls

Tackling Taxes If You’re Self-Employed Tax time is tough, there’s no question about it, but it’s even more challenging when you’re self-employed and trying to deal with the sometimes confusing rules and recordkeeping that can go hand in hand with running your own show. The Virginia Society of Certified Public Accountants (VSCPA) answers some of the most frequent questions about taxes and self-employment and offers tips that can help you lower your tax bill.  What Qualifies as

The famous gold watch is rapidly becoming a thing of thepast for today&rsquo ON CONFLICT DO NOTHING;s employees. The average American worker changes jobs 12 times during his or her career, and some experts say employees should look to change jobs every three years. That’s driven by both sides of the employer-employee relationship, with employees job-hopping to find the proper fit and better compensation and employers getting quicker to jettison employees when productivity lags or the business climate changes.

Tips on Getting the Most from Insurance Are you covered? Every day, Americans buy insurance so they’ll be able to leave money to theirs heirs or be reimbursed in case of theft or accident. The Virginia Society of Certified Public Accountants (VSCPA) shares some tips on the best ways to make sure you’re getting the most bang for your insurance premium buck. All Policies: Shop Around No matter what type of insurance you’re buying, begin by checking out a range of providers. You can locate

The Virginia Board of Accountancy (VBOA) has instituted two new license statuses: “Active — Renewal Fee Delinquent” and “Active — CPE Exempt.” The details on the new statuses are: “Active — Renewal Fee Delinquent” is effective now and deals with the renewal status for late licensees. Under current statute, individuals holding a CPA license have an additional 12 months after their license expiration date to renew the license. During that grace period,

June is CFO Month at the VSCPA! All month long, we're spotlighting our CFO members and the value they bring to their organizations, culminating with the Virginia CFO Awards on Thursday. Today, we're speaking with VSCPA member Cathi Michie, CPA, CFO of the Shenandoah Valley Workforce Development Board in Harrisonburg. Watch this page all month long for more profiles of Virginia's top CFOs! VSCPA: What led you to accounting as a career? CM: I actually started my college career wanting to major in philosophy,

June is CFO Month at the VSCPA! All month long, we're spotlighting our CFO members and the value they bring to their organizations. Today, we're speaking with VSCPA member Carolyn Luckadoo, CPA, CFO of Bay Electric Co. in Newport News. Follow this page all month long for more profiles of Virginia's top CFOs!

February is diversity month at the VSCPA, and the VSCPA is spending the entire month spotlighting the contributions of our diverse membership. Our next spotlight member is Lakshmi Gupta, CPA, founder and president of Money Equations in Fairfax.

February is diversity month at the VSCPA, and the VSCPA is spending the entire month spotlighting the contributions of our diverse membership. Our latest spotlight member is LaToya Jordan, CPA, audit director at the Virginia Auditor of Public Accounts in Richmond.

February is diversity month at the VSCPA, and the VSCPA is spending the entire month spotlighting the contributions of our diverse membership. Our next spotlight member is Maria Canedo-Toledo, CPA, senior accountant at the United Way of the National Capital Area in Vienna.

February is diversity month at the VSCPA, and the VSCPA is spending the entire month spotlighting the contributions of our diverse membership. Our next spotlight member is Tida Strey, CPA, senior financial analyst and accountant at the National Education Association in Washington.