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VSCPA News

New accountants see the money

March 6, 2023

As firms and corporate finance teams compete to hire the best accounting talent and keep up with unprecedented demand, the 2022 Compensation & Benefits Survey reveals CPA firms are increasing newer accountants’ salaries and support for aspiring CPAs and exploring other solutions like offshoring and

From the CEO: 150 hours: To change or not to change?

February 9, 2023

The 150-hour educational requirement for CPA licensure went into effect in Virginia in 2006. Since then, we’ve heard from VSCPA members — CPA leaders across organizations of all sizes — questioning if the 150-hour requirement is a barrier to entry in the profession. At a time when we’re actively

Spotlight on Jessica McClain, CPA: One smart cookie 

August 2, 2022

Jessica McClain, CPA, CISA, PMP, CITP, CGFM , is currently CFO of the Girl Scout Council of the Nation's Capital in Washington, D.C. Before transitioning to the nonprofit industry, she spent 11 years in public accounting, performing and overseeing financial and information technology audits. She

The importance of branding to your CPA firm 

July 26, 2022

By Meredith Foster Your firm’s brand plays a more significant role than you think when it comes to its value. A common mistake that many firms make is neglecting to treat their brand like the asset it is. According to Forbes Councils member Blair Brady, “A company’s brand is its single most

Congrats to members’ regulatory appointments

July 25, 2022

Four VSCPA members have been appointed to leadership positions to help regulate the accounting profession. David Cotton, CPA, CFE, CGFM, chair of Cotton & Company, LLP, in Alexandria, was appointed by Gov. Glenn Youngkin to a four-year term on the Virginia Board of Accountancy (VBOA). He replaces

From CPA to Chair: How George Forsythe found his path in the accounting world

July 25, 2022

By Tori Smith Custom mattress-maker, vitamin packer, hiker and morel-mushroom fanatic are all titles that George Forsythe, CPA, has held. As a child, George took note of his mother’s work at a small vitamin and supplement business. She handled packaging, mailing and invoicing at the company. George

Crafting a CPA career

July 25, 2022

During fourth grade, Chesterfield native Indacia Turner stored business cards in the pocket of her backpack. They read “Indacia Turner’s Arts and Crafts,” and featured her name, email and phone number. She created keychains, duct-tape wallets, pens, and even sold crocheted items. Indacia is setting

Don’t be in the dark: Federal tax changes for the 2014 filing season

July 6, 2022

Tax season for 2014 returns will be here before you know it, and with it comes the necessity of putting new U.S. Internal Revenue Service (IRS) regulations into practice. The VSCPA wants to make your tax season as painless as possible, so here’s an overview of some of the changes the IRS put in