Professional News

The IRS’s decision this fall to pause ERC processing is an effort to combat bad actors preying on small businesses. CPAs need to use professional skepticism when approaching these claims. By Rick Meyer, CPA, MBA, MST In October 2022, the IRS issued IR-2022-183 warning against third parties

By Lance Wallach The U.S. Internal Revenue Service (IRS) plans to hire up to 200 additional attorneys to help the agency combat syndicated conservation easements, abusive micro-captive insurance arrangements, and other tax schemes. Syndicated conservation easements Since 2020, syndicated

Getting accounting recognized as a Science, Technology, Engineering and Math (STEM) field will elevate its exposure and increase awareness of the profession. The VSCPA supports legislative initiatives toward this end and the STEM initiative is part of the Society’s top-line goal to address the CPA

New data released from Miami University reveals that students often set their perceptions of the accounting profession before college. Large barriers include perceptions of the field as uninteresting or boring, and that an accounting career requires longer hours than other business careers. Some

A quarter of LGBTQ+ young adults go back into the closet after starting work, according to Positive Futures, a report from the charity Just Like Us. Sponsored by Deloitte, the report reveals the reality many LGBTQ+ people face in their careers: 49% ‘rarely or never’ feel close to other people and 48

The word “pipeline” is everywhere these days, but what do we really mean by that? Essentially, the CPA pipeline is the queue of next-gen accountants — beginning with students’ piqued interest in accounting in middle school all the way through young professionals deciding to stick with the profession

What if there’s a way to get Virginia high school students into accounting firms before they enter college to see for themselves the rewards and benefits of a career in accounting or finance? Spoiler: There is! Through the Virginia Department of Education’s High-Quality Work Based Learning Program

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

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. Service to the community

By Ira Rosenbloom, CPA (inactive) Many firms are now hard at work negotiating deals to be effective in the fourth quarter of 2023, or no later than Jan. 1, 2024. The consequence of successful negotiations is the need for a strong integration and transition system. With effective dates being almost a