VSCPA in Review
Fiscal year 2022-2023
From HUGE legislative accomplishments (hooray for rolling conformity!) to making headway in promoting diversity (147% increase in minority scholarship applicants!), it's been a banner VSCPA year. Here are highlights of our success ... and why we're proud to call nearly 13,000 CPAs members!
Advocating for your interests
- Successfully advocated to get rolling income tax conformity passed, with our largest VoterVoice campaign to date: 613 messages sent!
- Created a rolling conformity toolkit with whitepaper, PowerPoint, and talking points so members could understand and communicate about rolling conformity.
- Passed fixed-date tax conformity for 2022 filling season.
- Passed bill fixing eligibility requirements for the pass-through entity tax (SALT cap tax workaround).
- Communicated members’ concerns about software update delays to Virginia Department of Taxation.
- Promoted governor-proclaimed Virginia CPA Week Sept. 19–25, 2022.
- Submitted 18 comment letters on a variety of proposed rules, updates and regulations, from FASB and IASB to the Virginia congressional delegation and Virginia State Bar.
Promoting the CPA pipeline
- Awarded $59,250 in scholarships to 28 college students.
- Created a 150-Hour Board of Directors Task Force to investigate if the 150-hour educational requirement still serves the profession.
- Revised position recommended for vote by full Board of Directors.
- Programming for students and educators on CPA Evolution.
- Redesigned online resource centers for educators and students.
- CPAs in the Classroom visits across the state.
- Sponsored Accelerated Careers Awareness Program (ACAP) with NABA Richmond.
Championing diversity, equity & inclusion (DEI)
- Made strides to increase DEI in CPA pipeline.
- Expanded the number of minority scholarships we offer by 25%, saw a 147% increase in minority applicants, and awarded 61% of scholarships to minority students (over 34% last year).
- Awarded inaugural Curtis C. Duke and Dr. Ruth Coles Harris Scholarship.
- Participated in kick-off event for DEI-focused national accounting careers education program, Accounting Careers: Limitless Opportunities.
- Offered a first-of-its-kind ethics course for Virginia CPAs on ethical considerations in DEI.
- Offered a variety of women-focused programming: Women’s Leadership Series and Women’s Leadership Forum; programming for International Women’s Day and Women’s Equality Day.
Offering enlightening education
- Partnered with seven states to offer signature programs to members through virtual learning platforms. Reached more than 300 VSCPA members with 15 programs that they would not have had access to prior to this program.
- Offered nine different types of ethics courses.
- Presented our 3rd annual Mental Health Summit, free for members, with 340 attendees.
- Partnered with PwC to offer free event for International Anti-Corruption Day.
- Expanded EventBlast to offer online learning services and video production services to new clients.
Creating research, reports & programs
- Conducted original research and issued usable reports: 2022 Future of Work Survey and Report, 2022 Compensation & Benefits Survey & Report, 2022 Economic Expectations Survey, and Accounting Student Insights Survey and Toolkit.
- Focused on solving CPAs' capacity challenges:
- Created a Board of Directors Capacity Task Force.
- Released a 34-page VSCPA Recruitment Guide.
- Offered roundtable series related to capacity and launched a members-only Capacity Resource Center.
- Launched VSCPA Strategic Insights, a strategic planning and facilitation service to help firms and companies transform their organizations.
- Released four updated and redesigned Nonprofit Resource Guides for the public with the help of members from PBMares.