Professional News

By Tina Bates, CAE Chances are, many of you have been working from home (WFH) for weeks now. As the VSCPA’s vice president, innovation, I’ve been working remotely from Charleston, S.C., for nearly six years. So while many of my colleagues have had to navigate the “new WFH normal,” I’ve learned a few

By Chip Knighton It’s been a long time coming, but Virginia’s first full class of officially financially literate students is heading out into the real world. In 2009, the Virginia Board of Education (VBOE) approved a one-credit course in economics and personal finance as a requirement for high

Released By Employee Benefits of Virginia On Tuesday, March 24, 2020, the U.S. Department of Labor (DOL) announced that the effective date of the leave available through the Families First Coronavirus Response Act (FFCRA) will be April 1, 2020, with provisions applying through Dec. 31, 2020. FFCRA

by Julia Henderson, VSCPA Marketing & Membership Director On March 23, 2020, Gov. Ralph Northam issued an executive order that stated: Although business operations offering professional rather than retail services may remain open, they should utilize teleworking as much as possible. Where telework

By Jennifer H. Elder, CSP, CPA, CMA, CIA, CFF, CGMA, MS The below questions are not all-encompassing, but a place to get you started thinking about your response. While you might say, “I hope it never happens to me,” hope is not an effective strategy. The worst time to try and figure out your

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

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

Jan. 13, 2020 The Virginia General Assembly is hard at work in downtown Richmond, and conformity is top of mind for the VSCPA. Several pieces of legislation have already been introduced to address conforming to federal tax codes. Finance Committee Chair Del. Vivian Watts has introduced HB 734

The VSCPA believes adopting rolling conformity would provide Virginia taxpayers better ability to plan for and prepare their Virginia taxes, as well as allow for more timely updates to tax preparation software and offer potential administrative cost savings to the Commonwealth. With that in mind

Protect your firm with clear and effective engagement and disengagement letters. By Suzanne M. Holl, CPA Engagement and disengagement letters are two of the fundamental building blocks of effective CPA risk management. Along with client screening and ongoing documentation practices, engagement and