-
by
Mike Nelson
| Apr 24, 2023
On April 24th, the National Association of State Boards of Accountancy (NASBA) announced that they adopted Uniform Accountancy Act (UAA) Model Rule that allows exam candidates 30 months, from the time they receive their first section score, to pass all four sections of the CPA exam.
Full story
-
by
WSCPA
| Apr 18, 2023
On Monday, April 17, the Department of Revenue began a new pilot program to allow individuals to make comments on proposed Washington Tax Decisions (WTD). This program will allow individuals to comment on proposed WTDs before they are published.
Full story
-
by
WSCPA
| Apr 05, 2023
On February 15, NASBA released an exposure draft of the Uniform Accountancy Act Rule 5-7. The draft proposes multiple changes, but notably would increase the amount of time that a CPA candidate has to pass all required CPA exam sections from a rolling 18-month period to a rolling 24-month period. Comments are due April 17.
Full story
-
by
WSCPA
| Mar 29, 2023
The exposure draft would increase the amount of time that a CPA candidate has to pass all required CPA exam sections from a rolling 18-month window to 24 months. The WSCPA Board wants 36+ months.
Full story
-
by
Mike Nelson
| Mar 24, 2023
On Friday, March 24, 2023, the Washington State Supreme Court upheld the capital gains tax. In a 7-2 ruling in the Quinn v Washington State case, the majority ruled that the capital gains tax is an excise tax and is, therefore, legal in Washington State. Since it was ruled an excise tax, they did not weigh in on the constitutional questions.
Full story
-
by
Mike Nelson
| Mar 21, 2023
The WSCPA has been closely watching two bills, one that would replace the B&O tax with a margin tax, and a potential wealth tax bill. Mike Nelson shares an update on whether these bills are expected to move forward in the legislative process.
Full story
-
by
Mike Nelson
| Feb 02, 2023
At its meeting on January 27 in SeaTac, Washington, the Washington State Board of Accountancy adopted a rule that allows candidates in Washington to sit for the CPA exam after having earned 120 semester hours. This rule change does not modify the 150 hours required to be licensed as a CPA.
Full story
-
by
Mike Nelson
| Jan 11, 2023
With the 2022 elections behind us, we adjust our focus to the 2023 Legislative Session. As we prepare for the launch of the session, WSCPA members will be meeting with legislators in Olympia during Hill Day on January 19 to discuss key matters expected to come before the legislature.
Full story
-
by
WSCPA
| Dec 01, 2022
Join us in Olympia on January 19 for one of the year's most important advocacy events. This upcoming legislative session will be the first in-person session since 2020 and will be our first Hill Day in three years due to COVID-19.
Full story
-
by
Mike Nelson
| Oct 31, 2022
The Tax Structure Work Group is considering recommending that the legislature replace Washington State's B&O tax with what many are calling a Texas-style margin tax. How close is this to becoming a reality? Mike Nelson, WSCPA Manager of Government Affairs, takes a look at the current state of the margin tax proposal.
Full story
-
by
Mike Nelson
| Aug 17, 2022
While the profession has navigated through the health and economic turmoil of the last few years, the WSCPA Advocacy Team has spent the last several months monitoring the legislative session and preparing for the future.
Full story
-
by
WSCPA
| Jul 20, 2022
As negotiations continue on the fast-approaching reconciliation bill, the AICPA remains active in its advocacy efforts, which includes pushing back on the implementation of a minimum book income tax on corporations. With a deadline of September 30, there is little time to pass a bill and sign it into law.
Full story
-
by
Mike Nelson
| Jul 07, 2022
The Tax Structure Work Group (TSWG) is nearing the finish line of their five-year exercise to recommend a new fairer tax system in Washington. At their May meeting, the TSWG voted on a number of proposals and decision points in directing the Department of Revenue to model and draft proposal language for different taxes in Washington.
Full story
-
by
Mike Nelson
| Mar 28, 2022
On Friday, March 4, 2022, House Bill 1648 and Senate Bill 5519 were each passed unanimously in the State Legislature. These bills were previously passed unanimously as they worked their way through the legislature. Both bills are identical and will implement a new CPA – Inactive license status while phasing out the previously issued Certificates. They have been sent to Governor Jay Inslee where he is expected to sign one of the bills into law in the coming weeks.
Full story
-
by
WSCPA
| Mar 01, 2022
Find the latest resources from various federal and state agencies regarding COVID-19. We're monitoring and updating this list as developments continue to unfold.
Full story
-
by
WSCPA
| Feb 28, 2022
On Thursday, February 24, the AICPA and 52 state CPA societies sent a letter to Assistant Treasury Secretary Lily Batchelder and IRS Commissioner Charles Rettig regarding widespread concerns on the Schedules K-2 and K-3 reporting.
Full story
-
by
Mike Nelson
| Feb 11, 2022
On February 9, the IRS announced that it would suspend notices and letters for unfiled returns and unpaid balances. The IRS said it was doing this in recognition of the fact that the returns may have, in fact, been filed but not yet processed due to the agency’s significant backlog.
Full story
-
by
WSCPA
| Feb 02, 2022
The launch of income tax filing season last week comes as taxpayers and preparers are already feeling frustration with the IRS over unprocessed prior year returns and unanswered correspondence. The Washington Congressional delegation signed a letter to Secretary Yellen and Commissioner Rettig requesting that the IRS consider specific measures to bring immediate relief to taxpayers and reduce the backlog during this tax filing season.
Full story
-
by
Mike Nelson
| Jan 27, 2022
A package of two bills to delay and expand exemptions for the Long Term Care Trust Act (Long Term Care Act) were signed by Governor Inslee today, Thursday, January 27.
Full story
-
by
Mike Nelson
| Jan 18, 2022
AICPA and other members of the Taxpayer Relief Coalition have sent a letter to the House Ways and Means and Senate Finance Committee members regarding the considerable delays in response from the Internal Revenue Service (IRS) and the challenges getting ahold of them.
Full story