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Professional News

Celebrate CPAs Year Round by Creating a Culture of Service

February 27, 2020
At right: In September 2019, employees of Rutherford & Johnson showed how #CPAsgiveback as part of the 2019 United Way Day of Caring in the Northern Shenandoah Valley. They volunteered at the Blue Ridge Area Food Back to sort food and household items that had been donated. Last week was Virginia CPA

No More Waiting For Scores to Retest, CPA Exam Takers!

February 25, 2020
Beginning June 30, 2020, prospective CPAs will not have to wait to retake CPA Exam sections. At its Feb. 25, 2020, meeting, the Virginia Board of Accountancy (VBOA) approved a change to VBOA regulation 18VAC-2-22-80 allowing for a continuous testing CPA Exam window, which means candidates can retake

America’s Worth: Another Opinion

February 25, 2020
By Domenic N. Savini, CPA, CMA, MSA In “ What's America Really Worth ,” an article published in the September/October 2019 issue of Disclosures magazine , the author does an outstanding job of analyzing the financial position of the United States government and echoes what senior government

Fixed-Date Tax Conformity Now In Effect

February 24, 2020
It's good be No. 1. The first to be signed, that is. On Feb. 17, 2020, Gov. Ralph Northam signed SB 582 to conform Virginia's tax code to the U.S. Internal Revenue Code (IRC). The VSCPA advocacy team, along with Society leaders and other members, have pushed for early passage of this emergency bill

Employee or Independent Contractor: What's the Difference?

February 24, 2020
Classifying workers as either employees or independent contractors is important. The correct worker categorization has a profound impact on businesses because it affects not only how workers are paid, but how the government gets paid. Because of the latter reason, this is an issue that will not be

More Than 'Numbers People'

February 17, 2020
Richmond CPA firm Meadows Urquhart Acree & Cook, LLP (MUAC), just celebrated its 15-year anniversary. Here, Managing Partner Doug Urquhart, CPA, answered questions on how his firm has changed, challenges it's facing now and much more. In 2004, MUAC started with "four partners, a small book of

Entice Them Early

February 10, 2020
By Gabriele Lingenfelter, CPA The accounting profession is changing. Because of the automation of routine accounting tasks, CPA firms will not need to hire as many accounting graduates for entry-level positions. Future entry-level CPAs wil l need to shift from preparing historical financial

Create Your Peak Performance Plan In 4 Easy Steps

February 10, 2020
It's tax season, which means you probably want to perform at your best -- for your clients and yourself. So how do you become a high performer and honor your own well-being? You must increase your capacity to bring energy and full engagement to the things you value most. Consciously plan out how you

Best Practices To Implement a New Business System

January 27, 2020
By Kate O’Flaherty Technological innovation, new regulations and corporate changes require upgrading or replacing legacy business systems to allow businesses to streamline processes and increase efficiency. Companies are also seeking integrated systems to streamline data and increase automation in

VBOA/NASBA CPE Audit Tracker Service Frequently Asked Questions

January 21, 2020
UPDATE: As of Jan. 21, 2020, we were made aware of duplicates events taken at the Richmond CPA Center showing up in the tracker. We are working with NASBA to correct this. Please contact the VSCPA in regards to this issue. In May 2019, the Virginia Board of Accountancy (VBOA), in conjunction with