Professional News

By Emily Walker, CAE Do something. CPAs have sounded the alarm for years: The pipeline of new talent joining the profession is getting smaller and smaller (the data backs it up — just read the latest AICPA Trends report ). They want to see multiple paths to the CPA available to make the profession

For Immediate Release Emily Walker, VSCPA (804) 612-9428 [email protected] Richmond (Feb. 17, 2025) — The Virginia Society of Certified Public Accountants (VSCPA) applauds the Virginia House and Senate for passing VSCPA-backed legislation to address a crucial barrier preventing accountants from

“HAL, do an R&D study…” By Rick Meyer, CPA, MBA, MST Do you remember HAL 9000, or simply HAL? He was the iconic artificial general intelligence character in the 1968 film 2001: A Space Odyssey. For young folks, you might think of him as the predecessor to R2-D2, C-3PO, or any other of your favorite

A variety of tax credits and other programs are available nationwide to encourage employers to hire and train. By Joshua J. Malancuk, CPA, CMI In the fall 2024 issue of Disclosures, we investigated relocation incentives being adopted across the country to attract workers and promote workforce growth

In 2023, the VSCPA successfully lobbied for rolling income tax conformity legislation at the Virginia General Assembly . Lawmakers spent the previous two decades passing retroactive emergency tax conformity legislation each year to update Virginia’s conformity to the U.S. Internal Revenue Code (IRC)

Workers should be the focal point of any retirement system, and more education is needed for the public to understand today’s complex options. CPAs can and should promote this aspect of financial literacy as the public’s trusted stewards. By Lisa Germano, CPA, JD Part I of this trilogy on ERISA’s

By Lisa Germano, CPA, JD Part I of this trilogy on ERISA’s 50th milestone ( read the article in the summer Disclosures issue ) discussed the Virginia solution for workers not covered by any retirement plan — RetirePath VA. If ERISA had fully succeeded in its goal to provide greater retirement income

CPAs can help clients determine if they need to register for Retire Path or offer their own qualified retirement plan. By Lisa Germano, CPA, JD The Employee Retirement Income Security Act of 1974 (ERISA) was enacted when employers could promise their employees a future pension — and then never

With profit-sharing plans now the norm, we must educate and incentivize American workers on how and when to save. By Lisa Germano, CPA, JD In 2024, the 50th anniversary of the Employee Retirement Income Security Act (ERISA) was celebrated for the results it achieved and critiqued for its failures —

By Zach Shoaf, CPA As young professionals first enter the world of public accounting, some may see the profession as merely a 9-to-5 job that provides a paycheck and benefits. However, public accounting is much more — the opportunity to become an expert and leader in the field and provide excellent